Miticides Market Size, Share, Growth Rate Analysis and Global Forecast to 2024

Research Reports

Jan 20, 2021

Market Dynamics

Global Miticides Market is estimated to reach USD 2.58 billion, with a CAGR of 6.07% from 2019 to 2024 (forecast period). The report includes the impact of the COVID-19 pandemic on the global miticides market and provides a succinct estimate of the anticipated demand volatility during the forecast period.

Miticide is a kind of pesticide that targets and controls plant mites. Similar to spiders and ticks, mites are tiny insects that can cause severe damage to plant or crop health when settled in the host plant. Mites can also spread viruses and diseases to crops and plants; thus, miticides must be used to improve agricultural productivity.

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The use of miticides on crops reduces productivity losses, which are generally caused by mites, driving the growth of the global miticide market. Growing awareness and the adoption of advanced farming practices and modern techniques are expected to augment the global market growth for miticides.

Key Players

Some of the key players identified by MRFR in the Global Miticides Market are BASF SE (Germany), Nihon Nohyaku Co., Ltd. (Japan), Bayer Cropscience AG (Germany), Syngenta AG (Switzerland), FMC Corporation (US), The DOW Chemical Company (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).

Market Segmentation

The global market for miticides has been segmented based on source, form, crop type, and mode of application.

Based on the source, the global market for miticides has been categorized as chemical and biological.

Regional Analysis

Global Miticides Market for has been studied in four main regions — North America, Europe, Asia Pacific, and the rest of the world.

The demand in the rest of the world is projected to grow at an unprecedented rate of growth as demand for miticides increases in various countries, such as Argentina and Brazil, due to the rise in the adoption of sustainable farming practices.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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