Global Semiochemicals Market Size to Exceed 22.45 Billion by 2033: Market Statistics Report

Global Semiochemicals Market Size to Exceed 22.45 Billion by 2033   

According to a research report published by Spherical Insights & Consulting, The Global Semiochemicals Market Size Expected to Grow from USD 5.18 Billion in 2023 to USD 22.45 Billion by 2033, at a CAGR of 15.79% during the forecast period 2023-2033.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Semiochemicals Market Size, Share, and COVID-19 Impact Analysis, By Type (Pheromones and Allelochemicals), By Source (Animal, Plant, and Chemically Synthesized), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Pheromones and allelochemicals, which are compounds that organisms employ to interact with one another, are examples of semiochemicals. While their uses are diverse, they are most commonly employed in integrated pest management (IPM) tactics, which seek to lessen dependency on synthetic pesticides and promote more environmentally friendly farming methods. Additionally, the market has grown as a result of growing demand for eco-friendly alternatives due to growing knowledge of the negative effects conventional pesticides have on the environment and human health. By their very nature, semiochemicals provide tailored pest management options that minimize damage to non-target species and lessen the environmental impact of agricultural practices. This selectivity increases their effectiveness in pest management programs in addition to their positive effects on the environment. However, market expansion is hampered by low awareness and the high cost of active ingredients.

The pheromones segment is expected to hold the largest share of the global semiochemicals market during the projected timeframe.                

Based on type, the global semiochemicals market is categorized as pheromones and allelochemicals. Among these, the pheromones segment is expected to hold the largest share of the global semiochemicals market during the projected timeframe. Its pivotal position in integrated pest management (IPM) tactics boosts this segment. As signaling molecules, pheromones are essential for controlling pest populations in forestry and agriculture because they provide focused management with little harm to the environment.

The chemically synthesized segment is expected to grow at the fastest CAGR during the projected timeframe.       

Based on the source, the global semiochemicals market is categorized as up to animal, plant, and chemically synthesized. Among these, the chemically synthesized segment is expected to grow at the fastest CAGR during the projected timeframe. The production scalability and dependability of this industry are essential for satisfying the need for pest management solutions worldwide.  Because they are consistent and successful, chemically manufactured semiochemicals are preferred for their ability to precisely manage insect populations in forestry and agriculture.

North America is projected to hold the largest share of the global semiochemicals market over the forecast period.

North America is projected to hold the largest share of the global semiochemicals market over the forecast period. The increasing demand for safer and more dependable pest management methods is propelling the use of semiochemicals, especially in the United States. Concerns over outdated farming methods and the rise in pest-related problems are the main drivers of this demand.

Asia Pacific is expected to grow at the fastest CAGR growth of the global semiochemicals market during the forecast period. The region's demand is anticipated to be further fueled by the expanding area of land used for organic farming. At the national and international levels, a number of policies are being implemented in the Asia Pacific area to improve the agricultural sector with the goal of raising agricultural yield and improving working conditions.

Company Profiling

Major vendors in the global semiochemicals market are Pacific Biocontrol Corporation, Russell IPM Ltd., Shin-Etsu, Biobest Group NV, SEDQ Healthy Crops SL, ISCA Technologies, Inc., Suterra LLC, Koppert Biological System, Bedoukian Research, Inc., Pherobank B.V., Corteva Agriscience, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In January 2023, the M2i Group and Bayer have formed a strategic agreement to provide pheromone-based crop protection solutions to vegetable growers.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global semiochemicals market based on the below-mentioned segments: 

Global Semiochemicals Market, By Type

• Pheromones
• Allelochemicals

Global Semiochemicals Market, By Source

• Animal
• Plant
• Chemically Synthesized

Global Semiochemicals Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa