Global Miticides Market is valued at USD 1.0 billion in 2016 is anticipated to grow USD 1.70 billion with the compounded annual growth of 6.0% over the forecast period 2017-2025.
New York 6 July 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Miticides industry is poised to raise USD 1.70 billion by 2025. Miticides are crop protection chemicals that specifically target plant mites. They constitute an important group of crop protection chemicals used to protect plants from harmful mites and insects such as spiders and ticks. Miticides often vary on the basis of the mites they target and the promptness of their killing rate and are effective against eggs and larval stages as well as adult mites.
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Global Miticides Market Size study, 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 by Regional Forecasts 2017-2025
The industry seems to be fairly competitive. Some of the leading market players include market BASF, Bayer AG, Syngenta, Gowan company LLC., DowduPont, ADAMA, FMC Corporation and so on. Other market players discussed in the report include Nufarm limited, Certis, OHP Inc. Valent Biosciences. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Increasing awareness about miticides and continuous technological advancements are factors contributing to the growth of this market.
- Increasing pollution and concerns about the environment are the main reasons for enforcing these restrictions, which is a restraint for the miticides market.
- Developing regions such as Asia Pacific offer opportunities for the miticides market.
Bizwit Research & Consulting LLP has considered the following segments for the study:
By Crop type:
- Fruits & vegetables
- Cereals & Grains
- Oilseeds & Pulses
By Mode of application:
- Foliar spray
- Soil treatment
- North America
- Asia Pacific
- Latin America
- Rest of the World