DUBLIN--(BUSINESS WIRE)--The "Miticides Market by Crop Type (Fruits & Vegetables, Cereals & Grains, and Oilseeds & Pulses), Mode of Application (Foliar Spray and Soil Treatment), Source (Biological and Chemical), Form (Dry and Liquid), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The market for miticides is estimated at USD 1.17 billion in 2018 and is projected to reach USD 1.55 billion by 2023, at a CAGR of 5.7%.
The factors responsible for the increased use of miticides are that they have a quick mode of action, are easy to use, and reduce labor costs. The market is further driven by factors such as technology and development of innovative miticides that are cost-effective as well as used on a broad crop portfolio to decrease crop losses. Whereas, high residue levels of miticides on excessive use, stringent government regulations, and easy availability of substitutes and alternatives are restraints for the miticides market.
On the basis of source, the chemical segment is projected to exhibit a higher CAGR from 2018 to 2023. The chemical segment led the market for miticides. The use of synthetic chemical miticides for plant and crop protection is constantly growing. Many specific miticides have been introduced, which are less toxic to predaceous mites than phytophagous mites are and help in controlling the population of phytophagous mites.
Asia Pacific is projected to be the fastest-growing market for miticides during the forecast period. The region is emerging and estimated to be the largest market for miticides, with investments from several multinational manufacturers, especially in countries such as China, New Zealand, and Japan. The increasing adoption of modern agricultural practices and requirement of high-quality fruit & vegetable produce for exports are expected to drive the growth of the miticides market in the region.
Leading players profiled in this report:
- BASF (Germany)
- Bayer (Germany)
- Syngenta (Switzerland)
- Nihon Nohyaku (Japan)
- Gowan (US)
- DowDuPont (US)
- ADAMA (Israel)
- Platform Solutions (Arysta LifeScience) (US)
- FMC Corporation (US)
- Nufarm (Australia)
- Valent Biosciences (US)
- Certis (US)
- OHP, Inc. (US)
- Nissan Chemicals (Japan)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Miticides Market, By Crop Type
7 Miticides Market, By Mode of Application
8 Miticides Market, By Formulation
9 Miticides Market, By Source
10 Miticides Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/xr6vnb/miticides_market?w=4