The global semiochemicals market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Rising demand for organic foods to reduce the health risks arising due to usage of harmful chemical pesticides and fertilizers, increasing focus on organic farming practices, rising demand for high-value crops, and supportive government initiatives to promote efficient pest management programs are some key factors expected to drive market revenue growth going ahead.
Semiochemicals are organic compounds used by insects to pass on a specific chemical message that aid in modifying physiology or behavior. Various insects use semiochemicals to locate host, mate, food source, escape natural enemies as well as overcome natural defense systems of their hosts. Molecular weight of semiochemicals vary depending on carbon chain and these organic compounds are active biologically at very low concentration in environment. In addition, they do not cause any adverse effect and are considered to be eco-friendly. Various benefits over conventional insect pest control are driving demand for these organic compounds as an essential tool for agricultural pest management. Rising demand for sustainable farming practices that promote cultivation of high-value and nutritious crops is one of the major factors driving market growth over the forecast period.
Top Companies Operating in the Global Semiochemicals Market:
Bedoukian Research, Biocontrol Corp, CBC S.r.l, Certis, Cortiva Agriscience, Isagro Group, Koppert Biological Systems, Pacific Biocontrol Corp, Pherobank, Rusell IPM, SEDQ, and Shin-Etsu and Suterra.
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Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
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The Semiochemicals market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Semiochemicals market.
The global Semiochemicals market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Type Outlook (Revenue, USD Billion; 2018-2028)
- Pheromones
- Allelochemicals
Application Outlook (Revenue, USD Billion; 2018-2028)
- Detection Monitoring
- Mass Trapping
- Mating Disruption
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