The global agricultural pheromones market offers a huge opportunity for the companies either established in the market or planning to enter into the market. The agricultural pheromones market currently has an undefined supply chain structure with no clear specification of the links like suppliers and distributors and undefined profit percentages. This is the main reason for which suppliers and distributors do not consider agricultural pheromones a profitable category. However, defining the supply chain with a proper profit percentage allocation to each joint in the supply chain and keeping a continuous product flow within the supply chain will certainly help the companies to reach out to increased number of consumers and win a lucrative market share in the near future.
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The major species of pests in which pheromone are commercially applied are codling moth, gypsy moth, and other types. The other type of pheromones includes the pheromones which are formulated for the treatment of pests such as peach twig borer, European grape berry moth, navel orange moth, and multiple other insect species. Pests such as peach twig borer infect some of the most valued crop, such as almond, across the globe and hence is valued comparatively higher than the other commercially available pheromones. Besides, pink bollworm also infects important crops such as cotton. In 2019, one of the major outbursts by pink bollworm was in the state of Maharashtra in India, where the cotton farmers were rattled continuously by the species. Cotton Association of India has taken measures with the inclusion of pheromones for an effective control of the pests.
During the time of discovery of agricultural pheromones, their primary use was the detection and monitoring of growing or prevailing pest species in crops. However, with the expansion of their application base, control and treatment has become one major application of pheromones. Apart from understanding the density of pest population, consumers currently showcase more interest in pest eradication techniques such as lure and kill, mating disruption, and mass trapping. Chemical pesticides and the adverse health disorders associated with them have helped the agricultural pheromones to be accepted as a lucrative alternative. Not only the slowing growth of chemical pesticides, but also the benefits which are offered to its consumers by agricultural pheromones such as species specificity have resulted in an efficient pest-eradicating technique with no effect on the environment. Control and treatment have been applied on almost every category of crops which are grown in almost all around the world such as fruit and vegetable crops. For example, the method is highly efficient in vegetables such as cabbage and tomato as well as fruits such as apple and peers.
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The agricultural pheromones market is not yet a mainstream entity in the agricultural supply chain. The main reason for this is that the maximum production percentage of agricultural pheromones is concentrated in developed regions such as North America and Europe. Consequently, developing regions such as Asia-Pacific and Africa have to largely rely on foreign trade for the product. High tariffs and taxes have forced the suppliers to involve in business association with firms making chemical pesticides, since they are produced in across the globe. The companies producing agricultural pheromones should target a smooth flow of product across the supply chain with transparent specification of profit margins associated with the category. This ensures a smooth flow of agricultural pheromones in the agricultural commodities supply chain and is expected to affect the revenue generated through agricultural pheromones at the global level in the coming future.
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