Miticide Market - Forecast From 2019 To 2024

Description

Miticide is a type of pesticide used for pest control. This chemical particularly targets plant mites like spider or ticks that damage the plants. The miticide market is expected to grow due to rise in population lead to increase in demand for crop production. Rise awareness among the farmers about the ill effects of pest attack which may lead to the heavy losses is further anticipated to drive the market. The opportunities like advancements in agricultural practices and technology is expected to drive the growth of the miticide market during forecast period. However, the presence of substitutes and governments stringent regulations on the usage of chemicals will hinder the growth of miticide market. The market is segmented on the basis of form of a miticide, source, crop type, application, and geography. In the source segment, chemical segment is anticipated to hold the significant market share by due to its wide adoption. Geographically, Asia Pacific is expected to have a substantial share in miticide market during the forecasted period on account of growing population along with increasing demand for crop and cultivation activities in countries like India and China.

DRIVERS

Increase in agricultural productivity.

Awareness about technology and new farming practices

RESTRAINTS

Strict rules and regulations by the government

Availability of substitutes.

INDUSTRY UPDATE

In February 2017, Gowan US launched a new product Nexter SC which is a novel formulation to increase the knockdown of mites.

In March 2017, FMC Corporation acquired a significant portion of DuPont’s Crop Protection Business.

The major players profiled in the Miticide market are FMC Corporation, Gowan Company, LLC, BASF, Nissan Chemical Industry, Syngenta, Nihon Nohyaku Co., Ltd., ADAMA, Bayer AG, Nufarm Ltd. And Dowdupont.

Segmentation

The Miticide market has been analyzed through the following segments:

By Form

Dry

Liquid

By Source

Chemical

Biological

By Crop Type

Cereal and Grain

Fruits and vegetables

Pulses and oilseeds

Others

By Application

Soil Treatment

Foliar Spray

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others