Global Miticides Market, By Source (Biological, Chemical), By Formulation (Liquid, Dry), By Mode of Application (Foliar spray, Soil treatment, Others), By Crop type (Fruits & vegetables, Cereals & grains, Oilseed & pulses, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
Market Analysis: Global Miticides Market
The Global Miticides Market is expected to grow from an initial estimated value of USD 1.20 billion in 2018 to an estimated value of USD 1.81 billion by 2026, registering a CAGR of 5.3% in the forecast period of 2019-2026. This trend of growth is due to the rising demand of protection for crops from various insects that are rapidly affecting the yield of crops.
Market Definition: Global Miticides Market
Mites are one of the most dangerous insects that target and destroy crops. They are very difficult to control and rapidly multiply during high temperatures, and due to their tiny structure, they are very hard to detect and are mostly identified when irreversible damage has already been done to the crops. Miticide is a type of chemical component that controls and terminates the mites. The main characteristic of miticide is to keep the mites off of the crops.
- Increasing awareness and constant innovations in the miticides market will act as a driver for the market
- Increased demand for high yield from crops have raised the demand for their protection, thus increasing the demand for miticides to protect from mites and other insects
- Stringent regulations regarding the chemicals used is one of the main restraint of the market
- Health threatening characteristics of miticides for humans, and animals is also one of the major restraint of market
Segmentation: Global Miticides Market
- By Source
- By Formulation
- By Mode of Application
- Foliar spray
- Soil treatment
- Seed treatment
- Post-harvest treatment
- By Crop type
- Fruits & vegetables
- Cereals & grains
- Oilseed & pulses
- Turf & ornamentals
- Cash crops
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Competitive Analysis: Global Miticides Market
The global miticides market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Miticides market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Miticides Market
Few of the major competitors currently working in the miticides market are Syngenta, Gowan Company, BASF SE, Bayer AG, Arysta LifeScience Corporation, FMC Corporation, UPL, Mantis Plant Protection LLC, and DowDuPont.
Research Methodology: Global Miticides Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved