MarketResearch.biz delivers in-depth insights on the global miticides market in its upcoming report titled, “Global Miticides Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global miticides market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global miticides market report has been segmented on the crop type, formulation, mode of application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analysed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Miticides is a chemical pesticide that are used to kill plant mites or ticks, as these species damages ornamental or food plants. Miticides is also known as acaricide.
Increasing use of advanced gardening and farming technique is major factor expected drive growth of the global miticides market. Declining number of arable land, growing demand for food products owing to the growing population across the globe is other factor expected to drive the growth of the market over the forecast period. Companies are focusing on development of new and innovative miticides so as to gain competitive gain which is thus expected to propel growth of global miticides market over the forecast period. Rapidly growing demand for fruits and vegetables, as it offers various health benefits is other major factor expected to augment growth of market.
However, stringent government regulations regarding the approval process is expected to hamper growth of global market over the forecast period.
Based on formulation, the global miticides market is segmented based on dry and liquid. The liquid formulation segment is expected to register rapid growth rate over the forecast period. Liquid form are easy to handle, transport, and store and provide high efficiency due to smaller particle size which is major factor expected to drive growth of the segment over the forecast period.
Market in Asia Pacific is expected to register highest revenue share as compared to that of other region such as North America, Europe, Latin America, and Middle East & Africa. Use of modern farming and gardening technique is Asia Pacific region is major factor expected to drive growth of the market in the region over the forecast period. Growing demand for miticides in countries such as China and India is expected to support growth of the market in the region over the forecast period. In addition, ban on use of several chemical pesticides and stringent government regulation for approval of miticides in developed countries is expected to have impact on the growth of the target market.
Global miticides market segmentation, by crop type:
- Oilseeds & Pulses
- Fruits & Vegetables
- Cereals & Grains
- Other Crop Types
Global miticides market segmentation, by formulation:
Global miticides market segmentation, by mode of application:
- Foliar Spray
- Soil Treatment
Global miticides market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BASF Corporation
- Bayer AG
- Nihon Nohyaku Co., Ltd.
- Gowan Company, LLC
- I. du Pont de Nemours and Company
- Arysta Lifescience
- FMC Corporation
- Nufarm Limited
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