GLOBAL ALLOMONES MARKET SIZE (2023 - 2030)

The Global Allomones Market was valued at USD 760.7 million and is projected to reach a market size of USD 1,167.44 million by the end of 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 5.5%.

Industry Overview:

Allomones are chemical barriers. Numerous allomonal compounds have been discovered in insects, the majority of which are repulsive, harmful, or toxic to other species or which enhance the action of other active chemicals in the secretion. Beyond their shared defensive properties, allomones are chemically diverse and contain almost every type of compound imaginable, including organic acids, alcohols, aldehydes, ketones, esters, hydrocarbons, lactones, terpenes, quinones, phenolics, amines, hydroquinones, sulfurous compounds, alkaloids, steroids, peptides, polysaccharides, and proteins. Semiochemicals are chemical messengers made by organisms such as plants, animals, or their synthetic equivalents. These substances cause a behavioral or physiological reaction in individuals of the same or different species. They are applied as a bio-pesticide to store goods and cultivated land to reduce insect pests. The semiochemical is relatively non-toxic and needs to be used in lower concentrations to harm the target pests. Agriculture, horticulture, and forestry are three of semiochemical's main uses. The main prospects for the semiochemical market are the rising levels of pesticide resistance, safer pesticide legislation, and environmental consciousness. The primary application for these substances is insect control. Semiochemicals primarily have species-specific properties and do not harm the environment. Semiochemical compounds have a potential future in the management of agricultural pests, particularly in organic cropping systems, owing to their benefits over conventional damaging insect pest control treatments.

COVID-19 pandemic impact on Allomones Market

The market for allomones has suffered because of the COVID-19 pandemic. The first quarter of the pandemic period saw less pesticide production than usual, according to the Organization for Economic Co-operation & Development (OECD). While the world's trade was halted during the lockdowns put in place to stop the spread of the novel coronavirus, the semiochemical industry was affected by freight issues and supply chain disruptions. However, it is anticipated that this industry will experience exponential growth in the coming years due to the high demand for organic foods and organic farming in different parts of the world. The International Federation of Organic Agriculture Movements reports that the pandemic in 2020 saw a sharp increase in demand for organic goods, with retail sales climbing by as much as 30% in some countries.

MARKET DRIVERS:

The Allomones market is projected to expand as a result of the rising demand for sustainable crop protection solutions

The global market for semiochemicals is estimated to increase as a result of the rising awareness of the negative effects of pesticides and the growing need for sustainable crop protection solutions. The increased consumption of high-value crops, such as organic foods and fruits and vegetables, is predicted to increase demand. The market expansion of semiochemicals is anticipated to be considerably accelerated by the rising adoption of organi - c farming. Due to the rising market demand for organic foods, growing public knowledge of the negative impacts of artificial fertilizers and pesticides, and rising health consciousness, organic farming is becoming more and more popular on a global scale. Semiochemicals, which are considered to be biopesticides, saw a surge in their market as a result of this trend.

Rising R&D and innovative product launches are likely to help key players expand their businesses

Leading producers in the global allomones market are concentrating on launching cutting-edge products on the global market. This will boost their product line and aid in their global company expansion. The market for allomones is expanding due to rising biopesticide innovation and enhanced pesticide management. Additionally, it is anticipated that growing R&D initiatives to increase the possible application domains for semiochemicals would further support market expansion. Recent protests against the use of synthetic pesticides and their damaging effects on the environment have given the biopesticide business a chance to expand quickly. This has prompted numerous pesticide manufacturers to develop novel management techniques, which are boosting the global demand for semiochemicals. The product portfolio of semiochemicals is growing as a result of numerous pest management R&D initiatives. Semiochemicals can also offer novel surveillance methods for pre-border biosecurity, greatly increasing the likelihood that foreign invasive organisms will be successfully eradicated.

MARKET RESTRAINTS:

Lack of awareness about semiochemicals could lower market demand

Semiochemicals' market expansion is anticipated to be hampered by the lack of awareness about them in growing regions including the Asia Pacific, the Middle East, and Africa. Many farmers in underdeveloped nations still use old-fashioned crop protection techniques because they are unaware of the alternatives and lack the necessary knowledge. Semiochemicals are more expensive to deploy in the field than traditional synthetic pesticides, and their active ingredients have physical properties including instability, volatility, and sensitivity that are severely restricting their capacity to increase the market.

GLOBAL ALLOMONES  MARKET REPORT COVERAGE:

This research report on the Allomones market has been segmented based on crop type, and region.

Allomones Market– By  Crop Type

• Field Crops
• Orchard Crops
• Vegetable Crops)

Based on Crop Type, the Allomones Market is bifurcated into Field Crops, Orchard Crops, and Vegetable Crops. As per crop type, the orchard crops segment will experience profitable growth during the projection period as demand for organic and clean-label goods is anticipated to drive the utilization of these crops. Due to the increased consumer demand for high-value crops, semiochemicals are typically applied to orchard crops rather than other crop types like vegetables and field crops. Additionally, pests including fruit flies, codling moths, and peach tree borers are more likely to affect orchard harvests. These have also emerged as one of the most important tools in the integrated pest management of numerous vegetable crops due to the indirect mode of action of semiochemicals on target pests, which influences pest behavior via attraction or disruption and prevents any damage to plants. Farmers now have more demand for biological pesticides for field crops due to the rising popularity of organic crop protection products in crops like wheat, rice, soybeans, and sorghum.

Allomones Market - By Region:

• North America

• Europe

• Asia-Pacific

• Rest of the World

North America is anticipated to lead the worldwide allomones market due to the region's growing use of Integrated Pest Management (IPM) strategies for crop protection. Additionally, the growing propensity of producers in the United States and Canada toward sustainable agriculture is anticipated to significantly increase demand in the area. In addition, the expansion of regional food trade drives up the demand for high-yielding, high-quality food in countries like Canada, Mexico, and the US. The availability of a wide cultivation area provides space for high-value plantations, and this is further projected to aid this region continue gaining a significant share in the Allomones market during the projection period.

Europe is predicted to have the second-largest market share throughout the projection period due to the presence of top corporations, rising government support for organic farming, increased investment in the industry, and rising consumer awareness of the benefits of eating healthy.

The market for allomones in Asia-Pacific is predicted to grow rapidly, particularly in Japan, which is making significant investments in organic farming. The leading Japanese company in terms of market share for semiochemicals is Shin-Etsu.

Major Key Players in the Market

1.Shin-Etsu

2.  Bedoukian Research

3. Pacific Biocontrol Corp

4. Suterra

5. Corteva Agriscience

6.  Pherobank

7.  Certis

8.  Isagro Group

9.  Koppert Biological Systems

10.  Rusell IPM