Semiochemicals Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Semiochemicals refer to organic substances employed by insects to transmit specialized chemical instructions that alter physiology or behavior. Semiochemicals are used for organic pest control in farming.

Sizing and Forecast
The semiochemicals market size has grown rapidly in recent years. It will grow from $4.56 billion in 2023 to $5.37 billion in 2024 at a compound annual growth rate (CAGR) of 17.6%.  The  growth in the historic period can be attributed to market acceptance and education, pest resistance concerns, increased agricultural productivity demands, chemical ecology research, growing advancements in formulations.

The semiochemicals market size is expected to see rapid growth in the next few years. It will grow to $9.67 billion in 2028 at a compound annual growth rate (CAGR) of 15.9%.  The growth in the forecast period can be attributed to climate change impact, research and development investments, consumer demand for organic products, precision agriculture adoption, market expansion in developing regions. Major trends in the forecast period include biopesticide preference, targeted pest management, integrated pest management (ipm), expanding agricultural practices, pheromone technology advancements, consumer awareness.

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Segmentation & Regional Insights
The semiochemicals market covered in this report is segmented –
1) By Type: Pheromones, Allelochemicals
2) By Crop Type: Field Crops, Orchard Crops, Vegetable Crops
3) By Application: Detection And Monitoring, Mass Trapping, Mating Disruption

North America was the largest region in the semiochemicals market in 2023 and is expected to be the fastest-growing region in the global semiochemicals market report during the forecast period. The regions covered in the semiochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rapid adoption of organic farming is significantly contributing to the semiochemicals market going forward. Organic farming refers to the agricultural method that uses biological fertilizers made chiefly from animal and plant wastes, nitrogen-fixing cover crops, and insect treatments with an ecological basis. Semiochemicals are used in organic farming for pest control as they are generated naturally from plants, making them suitable for organic farming methods. Semiochemicals in agriculture have become increasingly used due to their effectiveness and low environmental impact. For instance, according to a 2022 report released by the Department for Environment, Food and Rural Affairs (Defra), a UK-based government department responsible for environmental protection, food production, and standards, organic farming practices in the UK increased by 34 % in 2021 compared to 2020. Therefore, the rapid adoption of organic farming will drive the semiochemical market.

Key Industry Players
Major companies operating in the semiochemicals market report are Shin-Etsu Chemical Co. Ltd., Pacific Biocontrol Corp., Bedoukian Research, Suterra LLC, Pherobank, Isagro Group, Certis Europe B.V., Corteva Inc., Russell IPM Ltd, Koppert Biological System, CBC GmbH, Sumisho Electronics Devices Quality Assurance Ltd., Biobest Group NV, Bioline AgroSciences Ltd., Hercon Environmental, Scentry Biologicals Inc., BioPhero A/S, Laboratorios Agrochem S.L., Bioiberica S.A., Symbios Technologies Inc., BioWorks Inc., Sankyo Kasei Co. Ltd., Nihon Tokushu Noyaku Seizo Co. Ltd., Nippon Soda Co. Ltd., Mitsui Chemicals Agro Inc., Fumakilla Limited, Nufarm Limited, BASF SE, Bayer AG, Syngenta AG, Dow AgroSciences LLC, DuPont de Nemours Inc.

The semiochemicals  market report table of contents includes:
1. Executive Summary

2. Semiochemicals Market Characteristics
3. Semiochemicals Market Trends And Strategies
4. Semiochemicals Market – Macro Economic Scenario
5. Global Semiochemicals Market Size and Growth

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31. Global Semiochemicals Market Competitive Benchmarking
32. Global Semiochemicals Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Semiochemicals Market
34. Semiochemicals Market Future Outlook and Potential Analysis
35. Appendix

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