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Miticides Market Trends

ID: MRFR//4892-HCR | 100 Pages | Author: Tejas Chaudhary| July 2024

Miticides Market Overview

Miticides Market Size was valued at USD 1.58 Billion in 2023. The Miticides market industry is projected to grow from USD 1.66 Billion in 2024 to USD 2.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.66% during the forecast period (2023 - 2032). Growing pest control awareness, expanding greenhouse and indoor farming, rising incidence of mite-related diseases, technological advancements in miticide formulations, regulatory support for integrated pest management, and expanding use of organic farming practises are just a few of the factors driving up agricultural productivity, are the key market drivers enhancing the market growth.

Miticides Market1.jpg

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Miticides Market Trends

  • Increasing demand for agricultural productivity is driving the market growth

The market for miticides is mostly driven by rising agricultural productivity demands. The need for food is rising in tandem with the expansion of the world's population. Farmers are under pressure to maximise agricultural output and guarantee larger crop yields in order to meet this demand. Mites can seriously harm plants, which makes them a serious danger to crop productivity. These minuscule arthropods consume plant tissues, which stunts growth, lowers yields, and sometimes even kills plants. Various crops, including fruits, vegetables, grains, and ornamental plants, are susceptible to mite infestations.

Farmers are well aware of the potential financial losses caused by mite damage. To reduce mite numbers and avoid crop losses, they require efficient equipment. The need for miticides, which are made expressly to target and get rid of mites, is driven by this requirement. Miticides are essential to integrated pest management (IPM) programmes, which seek to use less pesticides while still managing pests successfully. IPM focuses on utilising a range of pest management techniques, such as cultural practises, biological control agents, and, where necessary, chemical interventions. Miticides play a significant role in IPM's chemical treatments.

Miticides assist in preserving the health and productivity of crops by successfully suppressing mites. They give farmers the ability to safeguard their crops from mite-related harm, resulting in increased yields and better-quality produce. Increased agricultural production is necessary to meet the growing demand for food on a worldwide scale as well as to improve farmer livelihoods and guarantee food security. Their efficiency in boosting agricultural output has been further increased by the development of novel and sophisticated miticides. Efforts have been made by manufacturers and researchers to create miticides with enhanced efficacy, selectivity, and safety profiles. These developments have made a variety of miticide products that are suitable for various crop kinds and mite species readily available.

Additionally, modern farming methods are not the only ones in demand for increased agricultural productivity. Growing indoor and greenhouse agriculture has become more popular in recent years. Plant development and year-round output are supported by these controlled environment agriculture (CEA) systems. However, they also help to foster the right conditions for mite infestations. When crops are grown in enclosed spaces, such as a greenhouse or indoor farm, mite infestations can quickly spread and inflict major harm. If properly managed, mites can survive in the regulated environment and reproduce swiftly, which can result in exponential population expansion. In these conditions, miticides become crucial tools for controlling mite infestations, assuring the effectiveness and profitability of CEA systems. Furthermore, the usage of miticides is necessary due to the rising incidence of diseases linked to mites in agricultural systems. A variety of plant pathogens, including viruses and bacteria, which can cause devastating illnesses in crops, can be spread by mites. In order to minimise both direct damage and the spread of diseases that could further harm agricultural productivity, mite population control becomes essential. Thus, driving the Miticides market revenue.

Miticides Market Segment Insights

Miticides Source Insights

The Miticides market segmentation, based on Source includes Chemical, Biological. With 69.35% of market sales coming from the chemical category, this segment led the market. This is because it works so well and may quickly eliminate small creatures and ticks. Synthetic chemical miticides are increasingly being used to safeguard factories and crops.

Miticides Form Insights

The Miticides market segmentation, based on Form includes Dry, Liquid. With 75.35% of market revenue coming from the liquid category, this segment dominated the market. The demand for liquid miticides is rising as farmers become more conscious of the need to safeguard their crops from mites.

Figure 1: Miticides Market, by form, 2022 & 2032 (USD Billion)

Miticides Market, by form, 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Miticides Crop Type Insights

The Miticides market segmentation, based on Crop Type, includes Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Others. The category of Fruits & Vegetables brought in the most money. This is a result of customers' improved health awareness and purchasing power, which has led to greater consumption of a wide range of goods, especially vegetables and fruits.

Miticides Mode of Application Insights

The Miticides market segmentation, based on Mode of Application, includes Foliar Spray, Soil Treatment, Others. The category with the highest revenue was foliar spray. Foliar feeding is a useful method for directly applying miticides to crops that are infested with mites and ticks.

Miticides Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Miticides Market dominated this market in 2022 (45.80%). Large-scale commercial agricultural operations and intensive agriculture are both widely practised in North America. The demand for efficient miticides to manage mite infestations and safeguard crop production is driven by the region's focus on maximising agricultural productivity to meet the expanding food demand. Further, the U.S. Miticides market held the largest market share, and the Canada Miticides Market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.



Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Miticides market accounts for the second-largest market share. Regarding the usage of pesticides, especially miticides, Europe has strict regulations. The European Food Safety Authority (EFSA), which oversees food safety in the EU, has strict requirements for pesticide registration and maximum residue limits (MRLs). The need for licenced and secure miticides on the European market is driven by the requirement to adhere to these rules. Further, the German Miticides market held the largest market share, and the UK Miticides market was the fastest growing market in the European region.

The Asia-Pacific Miticides Market is expected to grow at the fastest CAGR from 2023 to 2032. APAC's agriculture industry is quickly growing as a result of population expansion, urbanisation, and rising food consumption. The need for miticides is increasing as farmers work to boost agricultural output in order to protect crops from mite damage and assure higher harvests. Moreover, China’s Miticides market held the largest market share, and the Indian Miticides market was the fastest growing market in the Asia-Pacific region.

Miticides Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Miticides market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Miticides industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Miticides industry to benefit clients and increase the market sector. In recent years, the Miticides industry has offered some of the most significant advantages to medicine. Major players in the Miticides market, including 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), and others, are attempting to increase market demand by investing in research and development operations.

BASF SE (BASF) is a company that produces chemicals. It manufactures, markets, and sells chemicals, polymers, crop protection products, and performance items. The company's product line includes solvents, adhesives, surfactants, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. The company works with a wide range of industries, including those related to building, woodworking, agriculture, electronics and electrical, paints and coatings, transportation, home care, nutrition, and chemicals. In partnership with international customers, partners, and researchers, BASF carries out R&D. The company's operations are supported by a network of production facilities. It can be found all over the world, including in North America, Europe, Asia, South America, Africa, and the Middle East. The BASF corporate headquarters are in Ludwigshafen, Germany.

Material science is the focus of Dow Inc. (Dow). The Dow Chemical Co (TDCC), the company's only subsidiary, manages all business operations. Plastics, performance materials, coatings, silicones, and industrial intermediates make up the company's product line. For customers in the packaging, infrastructure, mobility, and consumer care areas, the company offers a variety of goods and services. Several industries, including home and personal care, durable goods, adhesives and sealants, coatings, and food and specialty packaging, use Dow's products. It has activities in Africa, the Middle East, Europe, Latin America, and the Asia-Pacific region. The US state of Michigan's Midland serves as the home of Dow.

Key Companies in the Miticides market include

  • BASF SE (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)

  • Mantis Plant Protection LLC (US)

Miticides Industry Developments

February 2023: Forbid 4F, a new miticide/insecticide for use on vegetables, fruits, and ornamentals, was just released, according to Bayer Crop Science. With its special chemical properties that prevent lipid biosynthesis, Forbid 4F is effective against a variety of mites and whiteflies.

March 2023: The miticide division of Gowan Company has been acquired by Certis. With this acquisition, Certis' selection of miticides is increased, and the company has a stronger position in the worldwide miticides industry.

April 2023: In order to create and market new miticides, Nufarm and Valent Biosciences have formed a partnership. It is anticipated that this agreement, which brings together two of the top miticides businesses in the world, would result in the creation of new, more potent miticides.

Miticides Market Segmentation

Miticides Source Outlook

  • Chemical

  • Biological

Miticides Form Outlook

  • Dry

  • Liquid

Miticides Crop Type Outlook

  • Fruits & Vegetables

  • Cereals & Grains

  • Oilseeds & Pulses

  • Others

Miticides Mode of Application Outlook

  • Foliar Spray

  • Soil Treatment

  • Others

Miticides Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

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