Semiochemicals Market Revenue to Cross $11 Billion by 2028 By Stratistics MRC

Semiochemicals Market Revenue to Cross $11 Billion by 2028 By Stratistics MRCSemiochemicals Industry Size, Share, Trends and 2021 InsightsAccording to Stratistics MRC, the Global Semiochemicals Market is accounted for $3.35 billion in 2020 and is expected to reach $11.55 billion by 2028 growing at a CAGR of 16.7% during the forecast period.

The market report “Semiochemicals Market by Types (Pheromones and Allelochemicals), Functions (Detection & Monitoring, Mass Trapping, Mating Disruptions), Crop Types (Field Crops, Orchard Crops, and Vegetable Crops) and Region – Forecast to 2028”. The semiochemicals market is growing at a CAGR of 16.7% by 2028, owing to rising awareness regarding the harmful effects of pesticides.

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Based on function the mating disruption segment is estimated to grow at highest CAGR segment during the study period.
On the basis of function the market is categorised into, mating disruption, mass trapping, and detection & monitoring. Mating Disruption is estimated to be the fastest-growing market segment due to its advanced efficiency in low or moderate pest infestations. Additionally, mating disruption controls target species and so critically decreases the number of matings, thus stopping species reproduction.

Based on crop type, the orchard crop segment is anticipated to grow faster during the forecast period.
On the basis of crop type, the market is segmented into field crops, orchard crops, and vegetable crops. The Orchard Crop segment is projected to grow fastest during the forecast period, due to the rising demand for high-value crops amongst buyers. Similarly, orchard crops are more vulnerable to pests, such as codling moths, fruit flies, and peachtree borers.

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By geography, Europe is expected to dominate the market.
On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe is holding largest share in semiochemical market. This is mainly attributed by the high acceptance of organic farming. Moreover, Europe is the secong largest area under organic agriculture; this is anticipated to propel the market growth of semio chemicals acrosss the region.

The key players in this market are Bedoukian Research, Biocontrol Corp, CBC (Europe) S.r.l, Certis, Corteva Agriscience, Isagro Group, Koppert Biological Systems, Pacific Biocontrol Corp, Pherobank, Rusell IPM, SEDQ, Shin-Etsu and Suterra.

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