Market Synopsis:
Mites are small
arthropods that attack crops. The majority of mites are beneficial to the
environment such as predatory mites which include Phystoseiulus, Amplyeius, and
Agistemus. However, mites such as the two-spotted spider mite, banks grass
mite, and red mites pose a threat to crops.
Two-spotted mites
attack cotton, soybean canola, lucerne, peanut, mung bean, navy bean, and azuki
bean. Heavy infestations will result in leaf desiccation, leaf drop, and yield
loss. Miticides play an important role in killing and controlling the growth of
mites on plants.
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Increasing awareness
about the advantages of miticides in maximizing overall yield by decreasing
losses is primarily driving the growth of the global miticides market. This
growth is also influenced by research and development of miticides such as
usage in a broad range of crops, targeted knockdown of all life stages of mites
with no toxicity to beneficial insects (predatory mites and pollinators),
compatibility with integrated pest management (IPM) programs, long residual
control, nature-based miticides, and cost-effectiveness. Quick action and easy
handling are also boosting the growth of the product market.
To meet the growing
demand for miticides, companies are incorporating these products into their
portfolios. For instance, on 22 February 2017, OHP Inc. introduced a miticide
under the brand name Notavo Ovicide for ornamental crops to provide long-term
control of eggs and immature stages of two-spotted spider mites and other
mites. On 17 February 2017, Gowan USA introduced a miticide/insecticide under
the brand Nexter that helps knockdown and control broad mites, rust mites, pear
psylla, aphids, whiteflies, spider mites, and leafhopper nymphs.
The US Food Quality
and Protection Act restricts the use of chemical miticides above the
recommended amount due to their harmful effects on pollinators, birds, and
beneficial mites. Excessive use can lead to high levels of residue, which
is expected to hamper the growth of the product market to some extent during
the forecast period. However, the correct dosage of chemical miticides and the
development of eco-friendly miticides can provide growth opportunities to
market players during the forecast period.
Global Key Players
·
Syngenta
·
Bayer AG
·
Adama
Agricultural Solutions Ltd
·
FMC
Corporation
·
Gowan
Company
·
BASF SE
·
DowDuPont
·
Certis USA
LLC
·
Nissan
Chemical Corporation
·
Philagro
South Africa (Pty) Ltd
·
Arysta
LifeScience Corporation
·
Dhanuka
Agritech Ltd
·
Phoenix
Environmental Design Inc.
·
Crop
Quest, Inc.
·
United
Phosphorus, Inc.
Market Segmentation
The global miticides
market has been segmented by form, source, mode of application, crop type, and
region.
Based on form, the
global miticides market has been divided into powder and liquid.
By source, the global
miticides market has been segregated into biological and chemical.
Based on mode of
application, the global miticides market has been segmented into foliar spray
and soil treatment.
On the basis of crop
type, the global miticides market has been categorized as horticultural crops,
field crops, and turf and ornamentals.
Regional Analysis
The global miticides
market has been analyzed with respect to five regions, namely, Asia-Pacific,
North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific accounted
for the largest market share in 2017 and is expected to maintain its dominance
during the forecast period. The regional market has been growing at a rapid
rate over the past decade due to the rising food demand owing to increasing
population, lucrative government schemes related to agriculture, and increasing
research of agricultural products.
Europe and North
America are also major markets for miticides due to the presence of an
established agricultural industry, high agricultural expenditure, and an
emphasis on technologically advanced farming techniques and products.
The Latin American
market is expected to witness a rising demand for miticides due to the growing
agriculture industry particularly in countries such as Brazil and Argentina
during the forecast period.
The market in the
Middle East & Africa is expected to exhibit moderate growth during the
forecast period.
Intended Audience
- Miticide manufacturers
- Traders and distributors of miticides
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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