Global Pheromones market will reach 870 million US$ by the end of 2025

The global Pheromones market is valued at 360 million US$ in 2017 and will reach 870 million US$ by the end of 2025, growing at a CAGR of 11.6% during 2018-2025.

Publisher: QYResearch

Published Date: 2018/8/7

The global Pheromones industry has a rather high concentration. The major manufacturers are concentrated in Asia Pacific, North America, Europe and Latin America, such as Shin-Etsu, Suterra, Bedoukian Research, SEDQ and Pherobank. At present, Shin-Etsu is the world leader, holding 35.70% production market share in 2016.

The global consumption of Pheromones increases from 75.1 MT in 2012 to 111.5 MT in 2016, at a CAGR of more than 10.38%. In 2016, the global Pheromones consumption market is led by Europe and Europe is the largest region consumption market, accounting for about 30.29% of global consumption of Pheromones.

Pheromones downstream are wide and recently Pheromones has acquired increasing significance in various fields of Gypsy Moth, Codling Moth, Vine & Berry Moths and others. Globally, the Pheromones market is mainly driven by growing demand for Gypsy Moth and Codling Moth. Gypsy Moth and Codling Moth accounts for nearly 67.79% of total downstream consumption of Pheromones in global.

Pheromones can be mainly divided into Sex Pheromones, Aggregation Pheromones and Others which Sex Pheromones captures about 64.61% of Pheromones market in 2016. According to our research and analysis, manufacturers from Japan and Europe are the major leaders in the international market of Pheromones.

Global market is expected to witness significant growth on account of rising applications, so in the next few years, Pheromones consumption will show a trend of steady growth. In 2023 the consumption of Pheromones is estimated to be 205.2 MT. On product prices, the slow downward trend in recent years will maintain in the future.

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