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Miticides Market Scenario
The Miticides Market is expected to register a CAGR of 6.07% from 2019 to 2024 and reach USD 2.58 billion by the end of 2024. Mites are small organisms, belonging to the class of Arachnida. They are plant parasites, feeding on the leaves of the plants. They also affect the fruit of the trees by changing the flavor and skin of the fruit. A large number of mites infestation may lead to the death of the crop. Miticides are chemicals, used to manage and control the mites, attacking crops. The application of miticides on crops helps to decrease the loss in productivity, generally caused by mites, which is driving the growth of miticides industry. The increasing awareness and adoption of advanced farming practices and modern techniques are anticipated to drive the growth of the miticides industry. Additionally, the innovations in miticides leading to cost-efficiency and use on broad crop spectrum are predicted to fuel the growth of miticides market. However, stringent rules and regulations regarding the use of miticides may hamper the growth of this market. Rising integrated pest management practices avail the excellent opportunity for miticides industry. Segmentation
The miticides market has been segmented based on source, form, crop type, mode of application, and region. Based on the source, the market has been categorized as chemical and biological. The market has been classified, based on form, as liquid and dry. The global market has been bifurcated, on the basis of crop type, into fruits & vegetables, cereals & grains, oilseeds & pulses, and others. Based on the mode of application, the global market has been divided into foliar spray, soil treatment, and others. The global market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American miticides market has further been segmented into the US, Canada, and Mexico. The European market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The market, in the rest of the world, has been segmented into South America, the Middle East, and Africa. Key Players
BASF SE (Germany), Bayer Cropscience AG (Germany), The DOW Chemical Company (US), Nihon Nohyaku Co., Ltd. (Japan), Syngenta AG (Switzerland), FMC Corporation (US), ADAMA Agricultural Solutions Ltd. (Israel), Gowan Company, LLC (US), Valent USA (US), UPL Corporation Ltd. (India), CERTIS EUROPE (Netherlands), OHP, Inc. (US), Nissan Chemicals Industry (Japan), Nufram Limited (Australia), and Mantis Plant Protection LLC (US) are some of the key players in the global market. Regional Market Summary Global Miticides Market Share (%), by Region, 2018 Source: Secondary Sources and MRFR Analysis
The market in North America is expected to dominate the global miticides industry during the forecast period due to increased adoption of modern farming practices and techniques. Moreover, the expansion of the agricultural industry and increasing food demand is predicted to boost the growth of global miticides industry. Asia-Pacific, region is projected to grow at the highest CAGR in global miticides market, due to the increase in population leading to increased food demand. Additionally, the increasing awareness about several benefits of miticides, among farmers in developing countries like India and China, is projected to support the growth of miticides industry in this region. The market in the rest of the world is expected to grow at impressive growth rate as the demand for miticides is increasing in various countries like Argentina and Brazil, due to increase in adoption of sustainable farming practices.
Global Miticides Market, by Source
Global Miticides Market, by Form
Global Miticides Market, by Crop Type
Global Miticides Market, by Mode of Application
- Fruits & Vegetables
- Cereals & Grains
- Oilseeds & Pulses
- Foliar Spray
- Soil Treatment
- Rest of Europe
- Australia and New Zealand
- Rest of Asia-Pacific
- Rest of the World (RoW)
- South America
- Middle East
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- Miticides manufacturers
- Traders and distributors of miticides
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
Frequently Asked Questions (FAQ) :
miticides market is touted to touch USD 2.58 billion by 2024.
miticides market is expected to register 6.07% CAGR from 2019 to 2024.
miticides market is driven by the application of miticides to increase the yield rate in farming.
Innovations in miticides and adoption of integrated pest management can be lucrative for the global miticides market.
FMC Corporation, Nufram Limited, UPL Corporation Ltd., ADAMA Agricultural Solutions Ltd., Nissan Chemicals Industry, Gowan Company, LLC, The DOW Chemical Company, Syngenta AG, BASF SE, Valent USA, OHP, Inc., Bayer Cropscience AG, CERTIS EUROPE, Nihon Nohyaku Co., Ltd., and Mantis Plant Protection LLC are major players of the global miticides market.