Global Kairomones Market Size (2023 - 2030)

In 2022, the Global Kairomones Market was valued at USD 635.67 million and is projected to reach a market size of USD 2027.19 million by 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 15.6%. 

Market Overview:

Kairomones are semiochemicals or allelochemicals that instigate or provoke a physiological and behavioural change in the receiver of the signal, especially beneficial to the receiver. Semiochemicals are biologically organic compounds used by insects that aid in modifying physiology. They are biological pesticides and are environment-friendly as well as organically safe. Interspecies transmission is extensively widespread among many groups of organisms, especially comprising vertebrates. They are a member of a group of intensively researched substances that represent means for interspecific chemical communication in beings and bring benefit to the receiver of the chemical signal. They are basically used for the biological control of insect pests. The molecular weight of kairomones may vary depending on the carbon chain and these organic compounds are biologically active at very low concentrations in the environment. The increasing demand for medicinal plants for herbal medicine worldwide is the major factor driving the global kairomones industry’s growth. Additionally, they do not cause any serious effects and are considered to be eco-friendly and sustainable. These benefits over conventional insect pest control are fuelling demand for these organic compounds for agricultural pest management. Also, increasing demand for sustainable farming practices is one of the major factors driving market growth over the forecast period.

COVID-19 Impact on the Kairomones Market:

The global economic downturn caused by the COVID-19 pandemic critically impacted the Kairomones Market. According to a report published by the Organization for Economic Co-operation and Development (OCED), the first quarter of 2020 witnessed lower production rates of pesticides compared to the normal standard. The sudden coronavirus wave and social distancing restrictions gravely disrupted the overall business picture and operations worldwide. The pandemic resulted in several countries shutting down airports, ports, and commercial and domestic transportation completely. This majorly impacted manufacturing activities and operations globally and took a toll on the economy of various countries. Complete lockdowns or partial shutdowns also had a critical impact on the demand and supply side of the manufacturing sector. It resulted in a huge reduction in demand for plantation crops, floriculture, and others, all across the globe, which had a remarkable impact on the growth of the Kairomones market size. Revenues were impacted severely across sectors and industries, and across all major and developing countries, and companies continue to position various strategies and focus on managing core tasks to tackle the situation.

Market Drivers:

The rising adoption of natural and organic farming is driving the global Kairomones market growth:

The rapid and increased adoption of organic farming is predicted to boost the market growth of Kairomones greatly. The popularity of organic farming is growing worldwide, because of the increasing popularity of organic foods among consumers, rising awareness of the harmful effects of chemical fertilizers and pesticides, and the growing health concerns and lifestyle consciousness. This trend in turn also elevated the business of Kairomones as they fall in the category of pesticides. According to the Research Institute of Organic Agriculture (FIBL), in 2020, worldwide 72.5 million hectares of organic agricultural land and in-conversion areas were recorded. This may be a major cause for the growing Kairomones market size globally.

Rising demand for sustainable crop protection solutions to propel the Kairomones market growth worldwide:

The increasing demand for sustainable crop protection methodologies and solutions caused by the rising awareness levels regarding the harmful and injurious effects of pesticides is anticipated to drive the global Kairomones market growth.

Rising investment in the R&D sector is predicted to create lucrative opportunities in the Kairomones market:

The constantly increasing capital investments in research and development activities due to the increase in demand for eco-friendly pesticides in the agriculture sector, and rising awareness of adverse health effects caused due to harmful chemicals are driving the market growth for Kairomones.

Market Restraints:

Lack of awareness relating to Kairomones and Semiochemicals to reduce global demand in the market:

The limited awareness regarding Kairomones in developing economies, such as Asia-Pacific and the Middle East, and Africa is estimated to restrict its market growth. Moreover, the high costs linked with the product may decrease its demand in various parts of the world and restrain the global market.

KAIROMONES MARKET REPORT COVERAGE:

This research report on the Kairomones Market has been segmented and sub-segmented based on Function, Crop Type, Region, and Key Companies.

Kairomones Market – By Function.

• Mass Trapping

• Detection and Monitoring

• Mating Disruption

• Others

Mass trapping is the largest global market holding segment making it dominant in the function category. This technique involves the use of Kairomones to attract pests into traps, effectively reducing their populations and minimizing crop damage. The allure of Mass Trapping lies in its eco-friendly approach to pest control, aligning with the growing demand for sustainable agricultural practices are some of the factors that will keep the segment dominant during the coming years.

At the same time, Mating Disruptions stand out as the fastest growing segment within the Function category. Mating Disruptions utilize Kairomones to confuse insects' mating behaviors, preventing them from reproducing effectively. This innovative technique offers a promising solution for reducing pest populations without relying on chemical interventions. As industries strive for greener alternatives, Mating Disruptions gain traction as a powerful tool for pest management.

Kairomones Market – By Crop Type

• Field Crops (Food Crops and Cash Crops)

• Horticulture Crops (Fruits and Vegetables)

• Plantation Crops

• Floriculture

• Others

Floriculture emerges as the largest contributor to the segment. This category encompasses the cultivation of ornamental flowers and plants. The application of Kairomones in Floriculture highlights their role in enhancing the growth and health of these decorative plants, contributing to the flourishing aesthetics of gardens and landscapes.

Horticulture Crops exhibit the fastest-growing trend within the Crop Type segment. Horticulture involves the cultivation of fruits, vegetables, and herbs, making it a vital contributor to global food production. The adoption of Kairomones in Horticulture Crops signifies a shift towards natural and sustainable pest management strategies. As consumer preferences lean towards organic and pesticide-free produce, the integration of Kairomones in horticulture showcases a forward-looking approach to farming.

Kairomones Market – By Region

• North America

• Europe

• Middle East and Africa

• South America

• Asia-Pacific

Based on regions, the Kairomones market has been segmented into 5 major regions – North America, Europe, the Middle East, Africa, South America, and Asia-Pacific.

North America will dominate the global Kairomones market due to the rapidly increasing implementation of Integrated Pest Management (IPM) solutions for crop protection in the region. North America’s Kairomones market is anticipated to account for the majority of revenue share over the forecasted period. This is due to the increasing demand for organic food products, growing demand for biopesticides, and technological enhancement and advancements. Additionally, the growing inclination of farmers toward sustainable cultivation in the U.S. and Canada is projected to further bolster the demand in the region.

Europe is predicted to hold the second-largest market share and is witnessed to grow at a CAGR of 9.34% during the outlook period. The growth in the region is due to the large-scale adoption of organic farming. Europe has the second largest area under organic agriculture. This is likely to drive the market growth of Kairomones in the region.

Asia Pacific Kairomones market is anticipated to account for a strong revenue share attributed to the presence of a large population, increasing demand for organic farming, and rising adoption of eco-friendly pest management solutions in various economies such as India and China.

Kairomones Market – By Companies.

1. Shin-Etsu

2. SEDQ Healthy Crops SL

3. Pacific Biocontrol Corp

4. Bedoukian Research

5. Corteva Agriscience

6. Suterra

7. Pherobank

8. Certis

9. Koppert Biological Systems

10. Isagro Group

11. Rusell IPM

Key major manufacturers performing in the global kairomones market are focusing on launching new cutting-edge technology and products in the international market to help them expand their business on a global scale as well as strengthen their portfolio.

Recent Industry Developments:

• In June 2021, Corteva Agriscience and Elemental Enzymes, a life sciences company declared a multi-year global agreement revolving around a unique abiotic stress mitigation technology expanding Corteva Agriscience’s product portfolio of proven biostimulant and biocontrol.