Title: Miticides Market - Forecast(2021 - 2026)
1Miticides MarketMarket size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
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- Miticides Market size is forecast to reach 3
billion by 2025, after growing at a CAGR of
6 during 2020-2025. Miticides are chemical
substances used to control mites and ticks. - Rising concerns over plants and crop protection
from the pests and mites are driving the growth
of miticides market size during the forecast
period. Furthermore, a growing population coupled
with increasing food consumption has boosted the
demand for miticides. - Additionally, a decrease in agricultural
landmass due to rapid urbanization has impelled
the farmers to use miticides in order to achieve
better crop productivity.
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- Key Takeaways
- Government restrictions on the use of harmful
pest and mite control chemicals is impacting the
growth of miticides market. - For instance, the European Union (EU) has banned
the sales of chlorpyrifos which is an
organophosphate insecticide, acaricide, and
miticides after January 31, 2020. - Brazil is among the most productive in the global
agricultural sector, with annual revenues of US
84.6 billion in 2018 and according to the US
Department of Agriculture, agricultural revenue
in the country grows at a much higher rate than
the rest of the world. The flourishing
agricultural sector also augments the demand of
miticides in Brazil.
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By Distribution Channel- Segment Analysis The
chemical miticides segment held the largest share
of more than 65 in the miticides market in 2019.
Chemical miticides are preferred over biological
due to its effectiveness and ability to destroy
mites and ticks faster. Chemicals affect mites
essential biological processes or systems such as
metabolic energy production, nervous system, or
growth. Disruption or change in metabolic,
developmental, or other physiological functioning
within the mites, eventually lead to the death of
mites and ticks.
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- Industry Outlook
- Bayer AG,
- BASF SE,
- Syngenta AG,
- FMC Corporation,
- United Phosphorus Limited,
- DuPont de Nemours, Inc.,
- Nufarm Ltd.,
- Dow AgroSciences LLC,
- Gowan Company,
- Terminix International Company
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Miticides Market - Forecast(2021 - 2026) Learn
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