Global Miticides Market
Overview of Global Miticides Market:
According to Stratistics MRC, the Global Miticides Market is accounted for $2.6 billion in 2023 and is expected to reach $4.4 billion by 2030 growing at a CAGR of 7.7% during the forecast period. Miticides are chemical substances specifically designed to control and eliminate mites, which are tiny arachnids that can infest plants and animals. These pesticides target mites by disrupting their life cycle or affecting their physiological functions. Miticides are commonly used in agriculture, horticulture, and veterinary applications to protect crops, ornamental plants, and animals from the detrimental effects of mite infestations.
This report analyzes the Miticides Market from 2022 to 2030. It uses a combination of detailed sales and revenue data with insights from industry experts. The report goes beyond just market size and growth rate. It also dives into different market segments, such as region, type, application, etc. This provides a comprehensive picture of how the market breaks down across various categories.
As COVID-19 has reshaped the world economy, our team has been keeping a careful eye on its effects on the market. Beyond the pandemic, we take into account other important variables such as the general state of the economy, local conflicts, and news and regulations unique to the industry. This guarantees a comprehensive perspective on the market.
Download Sample: https://www.strategymrc.com/report/miticides-market
Market Dynamics:
Driver:
Advancements in farming practices and technology
Advancements in farming practices and technology act as key drivers in the miticide market. Modern agricultural techniques, such as precision farming and integrated pest management, enhance the efficiency of miticide application. Innovations like automated spraying systems, remote sensing, and data analytics contribute to targeted and sustainable pest control. These advancements increase productivity, reduce environmental impact, and optimize resource utilization, making the market for miticides pivotal in supporting contemporary agricultural practices for improved crop yields and quality.
Restraint:
Development of resistance in mite populations
The development of resistance in mite populations poses a significant restraint on the miticide market. Over time, continuous exposure to miticides can lead to the adaptation and evolution of mites, making them resistant to certain chemical treatments. This resistance diminishes the effectiveness of miticides, challenging pest management efforts.
Opportunity:
Expansion of horticulture and specialty crop cultivation
As global demand for specialty crops grows, including fruits, vegetables, and ornamental plants, the need for effective mite control solutions increases. Miticides play a crucial role in protecting these high-value crops from mite infestations, offering a lucrative market opportunity. Manufacturers can capitalize on this trend by developing specialized miticides tailored for the unique needs of horticultural and specialty crop cultivation, fostering market growth.
Threat:
Availability of substitutes and alternatives
Concerns for environmental sustainability rise, and organic and biological alternatives gain prominence over chemical miticides. Integrated pest management (IPM) practices also encourage non-chemical methods for pest control. The adoption of such substitutes poses a challenge to traditional miticides, prompting the industry to explore eco-friendly and safer alternatives.
Covid-19 Impact:
The COVID-19 pandemic initially impacted the miticides market as disruptions in the supply chain, labor shortages, and lockdowns affected production and distribution. The uncertainty led to a temporary decline in demand for agricultural inputs. However, as agriculture is essential, the market showed resilience, with governments recognizing the importance of maintaining food production. The pandemic highlighted the need for robust supply chains and accelerated digital adoption for remote monitoring and management in the agricultural sector.
The chemical miticides segment is expected to be the largest during the forecast period
The chemical miticides segment is anticipated to dominate the miticides market during the forecast period. This dominance is attributed to the effectiveness and rapid action of chemical formulations in controlling mite infestations. Agricultural practitioners often rely on chemical miticides for their immediate impact on pest populations. Despite growing interest in organic and biological alternatives, the chemical segment's widespread use and proven efficacy contribute to its sustained prominence in the market, meeting the urgent needs of pest control in agriculture.
The horticulture segment is expected to have the highest CAGR during the forecast period
The horticulture segment is poised to exhibit the highest CAGR in the miticides market during the forecast period. This growth is driven by the increased adoption of miticides in horticultural practices to protect fruits, vegetables, and ornamental plants. Growing awareness of the significance of pest control in horticulture, coupled with the rising demand for high-quality produce, fuels the expansion of miticide usage, contributing to the segment's anticipated accelerated growth in the coming years.
Region with largest share:
Asia Pacific is positioned to dominate the miticide market due to the region's vast agricultural landscape and increasing demand for high-quality crops. Factors such as population growth, rising disposable income, and awareness of pest control practices contribute to the market's growth. Additionally, government initiatives promoting modern agricultural techniques further propel the adoption of miticides. With a strong focus on enhancing crop yields, Asia Pacific emerges as a key player in the global miticide market, showcasing sustained dominance.
Region with highest CAGR:
The Asia Pacific region anticipates rapid growth in the miticides market due to burgeoning agricultural activities, an expanding population, and the need to ensure food security. Increased awareness of crop protection and the adoption of advanced farming practices contribute to the rising demand for miticides. Government initiatives supporting agriculture and the adoption of integrated pest management practices further fuel the market. With a dynamic agricultural landscape, Asia-Pacific emerges as a key growth hub in the global miticide market, showcasing substantial potential.
Key Developments:
In October 2023, BioWorks has launched EpiShield, a miticide and insecticide that is formulated for grower ease of use and delivers strong efficacy. Benefits of the EpiShield liquid formulation include 10-28x lower use rates than other oil insecticides, no REI or PHI restrictions and strong efficacy against key pests.
In March 2022, The Australian Pesticides and Veterinary Medicines Authority (APVMA) has approved the use of BASF’s new Danisaraba miticide in almond orchards and a variety of fruit and fruiting vegetable crops. With Danisaraba, BASF introduces a new class of chemistry to Australian growers, the beta-ketonitriles, with a novel mode of action, classified as Group 25 A. The miticide’s disruption of energy production specifically targets web-spinning mites, commonly known as spider mites, a species that can cause severe crop damage if their population numbers are not controlled.
Leading Industry Players in the Miticides Market Worldwide:
Arysta LifeScience Corporation
BASF SE
Bayer CropScience
Bioworks Inc.
Certis USA L.L.C.
DowDuPont Inc.
FMC Corporation
Gowan Company LLC
Isagro S.p.A.
Jiangsu Fengshan Group Co., Ltd.
Makhteshim Agan Industries (ADAMA)
Marrone Bio Innovations
Nissan Chemical Corporation
Nufarm Limited
OHP, Inc.
Other Industry Players
For enquiries before purchasing, visit: https://www.strategymrc.com/contact-us
Global Miticides Market Segmentation
The Miticides Market segmentation encompasses various dimensions including type, crop type, formulation, distribution channel, application, region, and competitors. By type, the market encompasses various categories, catering to specific requirements and functionalities. By crop type, the market serves different crops, each with tailored solutions for effective pest control. By formulation, the market includes multiple formulations, optimizing application and efficacy for different scenarios. By distribution channel, the market is structured through various channels, ensuring accessibility and availability for users. By application, Miticides products are employed across numerous sectors, showcasing their adaptability and broad utility. Geographically, the market is segmented into major regions such as North America, Europe, Asia Pacific, South America, the Middle East and Africa, each exhibiting different market dynamics and growth opportunities. Competitor analysis reveals the competitive landscape, with major players developing new products, strategic partnerships, mergers and acquisitions, and competing for market share. Additional segmentation factors provide a comprehensive understanding of the Miticides Market's structure and potential.
Geographic Regions Covered:
North America: United States, Canada, and Mexico.
Europe: Germany, United Kingdom, Italy, France, Spain, and Rest of Europe.
Asia Pacific: Japan, China, India, Australia, New Zealand, South Korea, and Rest of Asia Pacific.
South America: Argentina, Brazil, Chile, and Rest of South America.
Middle East & Africa: Saudi Arabia, United Arab Emirates, Qatar, South Africa, and Rest of Middle East & Africa.
Key Questions Answered in This Report:
What are the primary drivers of growth in the Miticides Market?
Which regions are projected to experience the highest growth in the Miticides Market?
What is the anticipated Compound Annual Growth Rate (CAGR) for the Miticides Market from 2024 to 2030?
What is the current estimated value of the Global Miticides Market?
Which segment holds the largest market share and what are the main factors driving its growth?
What is the size and growth rate of the Miticides Market in specific regions or market segments?
Who are the leading players in the Miticides Market?
What challenges do companies face when entering the Miticides Market?
What risks and opportunities are associated with expanding the Miticides Market?
Purchase this report: https://www.strategymrc.com/report/miticides-market
Table of Contents (TOC) for the Global Miticides Market Research Report (2024-2030)
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Miticides Market, By Type
5.1 Introduction
5.2 Chemical Miticides
5.2.1 Organophosphates
5.2.2 Pyrethroids
5.2.3 Other Chemical Miticides
5.2.3.1 Organochlorines
5.2.3.2 Fumigants
5.3 Biological Miticides
5.3.1 Microbials
5.3.2 Bacterial Pesticides
5.3.3 Fungal Pesticides
5.3.4 Viral Pesticides
5.3.5 Macro-organisms
5.3.5.1 Parasitoids
5.3.5.2 Predatory Mites
6 Global Miticides Market, By Crop Type
6.1 Introduction
6.3 Fruits
6.3.1 Berries
6.3.2 Pome Fruits
6.3.3 Citrus Fruits
6.3.4 Other Fruits
6.4 Vegetables
6.4.1 Root & Tuber Vegetables
6.4.2 Leafy Vegetables
6.4.3 Cruciferous Vegetables
6.4.4 Other Vegetables
6.5 Cereals & Grains
6.5.1 Corn
6.5.2 Wheat
6.6 Oilseeds & Pulses
6.6.1 Cotton
6.6.2 Soybean
6.7 Other Crop Types
6.7.1 Nuts
6.7.2 Legumes
6.7.3 Turf & Ornamentals
6.7.4 Cash Crops
7 Global Miticides Market, By Formulation
7.1 Introduction
7.2 Liquid
7.3 Dry
8 Global Miticides Market, By Distribution Channel
8.1 Introduction
8.2 Direct Sales
8.3 Distributor Sales
8.4 Online Sales
9 Global Miticides Market, By Application
9.1 Agriculture
9.2 Horticulture
9.3 Landscaping
9.4 Forestry
9.5 Nurseries
9.6 Other Applications
Continued…
List of Tables
1 Global Miticides Market Outlook, By Region (2021-2030) ($MN)
2 Global Miticides Market Outlook, By Type (2021-2030) ($MN)
3 Global Miticides Market Outlook, By Chemical Miticides (2021-2030) ($MN)
4 Global Miticides Market Outlook, By Organophosphates (2021-2030) ($MN)
5 Global Miticides Market Outlook, By Pyrethroids (2021-2030) ($MN)
6 Global Miticides Market Outlook, By Other Chemical Miticides (2021-2030) ($MN)
7 Global Miticides Market Outlook, By Organochlorines (2021-2030) ($MN)
8 Global Miticides Market Outlook, By Fumigants (2021-2030) ($MN)
9 Global Miticides Market Outlook, By Biological Miticides (2021-2030) ($MN)
10 Global Miticides Market Outlook, By Microbials (2021-2030) ($MN)
11 Global Miticides Market Outlook, By Bacterial Pesticides (2021-2030) ($MN)
12 Global Miticides Market Outlook, By Fungal Pesticides (2021-2030) ($MN)
13 Global Miticides Market Outlook, By Viral Pesticides (2021-2030) ($MN)
14 Global Miticides Market Outlook, By Macro-organisms (2021-2030) ($MN)
15 Global Miticides Market Outlook, By Parasitoids (2021-2030) ($MN)
16 Global Miticides Market Outlook, By Predatory Mites (2021-2030) ($MN)
17 Global Miticides Market Outlook, By Crop Type (2021-2030) ($MN)
18 Global Miticides Market Outlook, By Fruits (2021-2030) ($MN)
19 Global Miticides Market Outlook, By Berries (2021-2030) ($MN)
20 Global Miticides Market Outlook, By Pome Fruits (2021-2030) ($MN)
21 Global Miticides Market Outlook, By Citrus Fruits (2021-2030) ($MN)
22 Global Miticides Market Outlook, By Other Fruits (2021-2030) ($MN)
23 Global Miticides Market Outlook, By Vegetables (2021-2030) ($MN)
24 Global Miticides Market Outlook, By Root & Tuber Vegetables (2021-2030) ($MN)
25 Global Miticides Market Outlook, By Leafy Vegetables (2021-2030) ($MN)
26 Global Miticides Market Outlook, By Cruciferous Vegetables (2021-2030) ($MN)
27 Global Miticides Market Outlook, By Other Vegetables (2021-2030) ($MN)
28 Global Miticides Market Outlook, By Cereals & Grains (2021-2030) ($MN)
29 Global Miticides Market Outlook, By Corn (2021-2030) ($MN)
30 Global Miticides Market Outlook, By Wheat (2021-2030) ($MN)
31 Global Miticides Market Outlook, By Oilseeds & Pulses (2021-2030) ($MN)
32 Global Miticides Market Outlook, By Cotton (2021-2030) ($MN)
33 Global Miticides Market Outlook, By Soybean (2021-2030) ($MN)
34 Global Miticides Market Outlook, By Other Crop Types (2021-2030) ($MN)
35 Global Miticides Market Outlook, By Nuts (2021-2030) ($MN)
36 Global Miticides Market Outlook, By Legumes (2021-2030) ($MN)
37 Global Miticides Market Outlook, By Turf & Ornamentals (2021-2030) ($MN)
38 Global Miticides Market Outlook, By Cash Crops (2021-2030) ($MN)
39 Global Miticides Market Outlook, By Formulation (2021-2030) ($MN)
40 Global Miticides Market Outlook, By Liquid (2021-2030) ($MN)
41 Global Miticides Market Outlook, By Dry (2021-2030) ($MN)
42 Global Miticides Market Outlook, By Distribution Channel (2021-2030) ($MN)
43 Global Miticides Market Outlook, By Direct Sales (2021-2030) ($MN)
44 Global Miticides Market Outlook, By Distributor Sales (2021-2030) ($MN)
45 Global Miticides Market Outlook, By Online Sales (2021-2030) ($MN)
46 Global Miticides Market Outlook, By Application (2021-2030) ($MN)
47 Global Miticides Market Outlook, By Horticulture (2021-2030) ($MN)
48 Global Miticides Market Outlook, By Landscaping (2021-2030) ($MN)
49 Global Miticides Market Outlook, By Forestry (2021-2030) ($MN)
50 Global Miticides Market Outlook, By Nurseries (2021-2030) ($MN)
51 Global Miticides Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
About Us:
Stratistics MRC Pvt Ltd is a market research firm serving the fortune 500 companies across the world with market intelligence. We provide market research reports in more than 10 industry verticals such as Agriculture, Healthcare, Electronics & Semiconductors, Energy & Power, Food & Beverages, Chemicals, Telecom & IT, Aerospace, Advanced Materials, and Packaging. We offer syndicate research reports, customized research reports and consulting services. We offer consulting services to gain the benefit of competitive landscaping and investment opportunities. We provide our clients with customized research requirements to meet their specific requirements. Our research services helps foster quick decision making and in overcoming the market challenges.
For more information, contact:
Stratistics MRC Pvt Ltd
Phone:
(US Toll Free) (+1) 844 903 2737
US (+1) 301 202 5929 / 301 202 7681
India (+91) 630 289 4695
Email: [email protected]
Website: https://www.strategymrc.com