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.
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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.
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.
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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