Global Miticides Market Size to Exceed USD 5.89 Billion by 2033: Market Study Report

Global Miticides Market Size to Exceed USD 5.89 Billion by 2033            

According to a research report published by Spherical Insights & Consulting, The Global Miticides Market is Expected to Grow from USD 3.76 Billion in 2023 to USD 5.89 Billion by 2033, at a CAGR of 4.59% during the forecast period 2023-2033. 

Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Miticides Market Size, Share, and COVID-19 Impact Analysis, By Application (Agriculture, Horticulture, Forestry, Greenhouses), By Formulation (Liquid, Granular, Wettable Powder), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

The industry that sells chemicals used to deal with mites and other agricultural pests is commonly referred to as the miticide market. Miticides are pesticides used to prevent spiders, ticks, and mites from attacking plants. The increasing desire for pest control in horticulture and agriculture has fueled the miticides market's rapid growth. Farmers are now becoming more knowledgeable about pest management solutions due to increased crop diseases brought on by mites. In addition, a more marketable focus on green miticides has resulted from the growing demand for organic food products, which has led to market expansion. New miticide formulations are being proposed and participated in owing to legislative frameworks that support ecologically conscious farming. Furthermore, the market over miticides has been influenced largely by growing recognition of ethical farming practices and the need to reduce environmental impact. Farmers and agricultural producers are under pressure to make the shift to more sustainable methods as the tastes of customers for organic and sustainably manufactured goods grow. However, one of the primary drivers accelerating the miticide market industry's expansion is the growing crop damage that is brought on by mite infestations.

The agriculture segment accounted for the greatest share in 2023 and is expected to grow at a CAGR of 5.5% during the projected period. 

Based on application, the global miticides market is categorized into gelatin and agriculture, horticulture, forestry, and greenhouses. Among these, the agriculture segment accounted for the greatest share in 2023 and is expected to grow at a CAGR of 5.5% during the projected period. This is due to an increasing need for pest control products to increase crop yields, it provides a significant proportion of the market.

The liquid segment held the greatest share in 2023 and is estimated to grow at a CAGR of 5.1% during the forecast period.

Based on the formulation, the global miticides market is categorized into liquid, granular, and wettable powder. Among these, the liquid segment held the greatest share in 2023 and is estimated to grow at a CAGR of 5.1% during the forecast period. This is due to their being a popular possibility among users considering their versatility and ease of application in pest control.

North America is estimated to hold the largest share of the global miticides market over the predicted timeframe.

North America is estimated to hold the largest share of the global miticides market over the predicted timeframe. This is predominantly because of its extensive agricultural operations, expert farming methods, and significant export of agricultural produce like oilseeds and fruits. High crop protection standards and proficient methods of cultivation benefit this area.

Europe is estimated to grow at the fastest CAGR growth of the global miticides market during the forecast period. This is mainly due to elements such as the region's promotion of sustainable farming techniques, growing urbanization, and an increased demand for floriculture.

Company Profiling

Major vendors in the global miticides market are Summit Agro, ADAMA Agricultural Solutions, Syngenta, Marrone Bio Innovations, Dow AgroSciences, FMC Corporation, Nufarm, Koppert, PBI-Gordon, Bionema, American Vanguard Corporation, Certis USA, PBI-Gordon, UPL Limited, BASF, and Bayer and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development     

• In November 2020, in Basel / Switzerland, Syngenta is satisfied to announce Spiropidion, a cutting-edge new insect control technology that will aid farmers in successfully and environmentally friendly safeguarding their crops from harmful sucking pests. Aphids, whiteflies, and scales are examples of sucking pests that destroy advantageous fruits and vegetables like tomatoes, oranges, and melons, as well as significant arable crops like soybeans and cotton. Spiropidion allows farmers a new tool for Integrated Pest Management (IPM) programs because it is safe for pollinators and naturally existing beneficial insects.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the miticides market based on the below-mentioned segments: 

Global Miticides Market, By Application

• Agriculture  
• Horticulture  
• Forestry  
• Greenhouses

Global Miticides Market, By Formulation

• Liquid  
• Granular  
• Wettable Powder  

Global Miticides Market, By Regional

• North America 
  • US
  • Canada
  • Mexico
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America 
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa 
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa