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Miticides Market by Crop Type, Mode of Application, Source, Form And Region - Global Forecast to 2023

Miticides Market: Global Forecast until 2023

  • June 2018
  • 136 pages
  • ID: 5439556
In this report:
In the Asia Pacific region, the natural miticides market is expected to grow at a CAGR of ##.##% from 2018 to 2023.
In the Asia Pacific region, the chemical miticides market is expected to grow at a CAGR of ##.##% from 2018 to 2023.
According to the FAO, in 2014, Asia was the leading producer of vegetables with a ##% volume output and an annual growth of ##%, compared to the global output.

Summary

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The miticides market is estimated to rise at a compound annual growth rate of 5.70 percent.

The sector for miticides is projected at ~$1.2B in 2018 and is projected to extend ~$1.5B by 2023, at a compound annual growth rate (CAGR) of 5.70 percent. The factors responsible for the increased use of miticides are that they have a fast mode of action, are easy to use, and reduce labor costs. The industry is further driven by Elements 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. Because, high residue levels of miticides on excessive use, stringent government regulations, and easy availability of substitutes and alternatives are industry restraints for the miticides market.

The industry demand for chemical miticides is exhibiting steady increase.

On the basis of source, the chemical segment is estimated to exhibit a better compound annual growth rate from 2018 to 2023.The chemical segment led the sector for miticides.

The use of synthetic chemical miticides for plant and crop protection is constantly increasing. 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.

Important rise is expected in the Asia Pacific miticides market.

Asia-Pac is forecasted to be the quickest developing market for miticides during the outlook period.The area is emerging and expected to be the biggest market for miticides, with market investments from different multinational manufacturers, especially in countries including China, New Zealand (NZ), and Japan (JP).

The growing adoption of modern agricultural practices and requirement of high-quality fruit & vegetable produce for exports are forecast to steer the increase of the miticides market in the territory.

Break-up of Primaries:

• By Company category: Tier 1 - 45 %, Tier 2 - 35.0 percent, and Tier 3 - 22.0 percent

• By Description: C-suite - 33.0 percent, D-level - 45.0 percent, and Others* - 22.0 percent

• By Area: North America continent - 11.0 percent, Europe (EU) - 11.0 percent, Asia Pacific (APAC) - 45.0 percent, and rest of the world - 33.0 percent

*Others contain sales managers, marketing managers, and product managers.

• OHP, Incorporated

• Nissan Chemicals

Segment Research

The market research classifies the miticides market based on crop type, mode of application, source, form, and area. In terms of insights, this business report has emphasized different levels of analyses-competitive landscape, end-use review, and organization profiles-which together comprise and discuss views on the emerging & high-growth segments of the overall miticides, high-growth areas, territories, government actions, drivers, market restraints, alternatives, and opportunities.

Why acquiring this study can help you:

• To get a comprehensive overview of the miticides

• To benefit wide-ranging information about the top actors in this market, their products review, and top strategies approved by them

• To benefit business insights about the main countries/localities in which the miticides market is prospering

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