Miticide in the Plant Market Trends and Forecast
The future of the miticide in the global plant market looks promising with opportunities in the orchard, nursery, greenhouse, and gardening markets. Miticide in the global plant market is expected to grow with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are growing awareness and adoption of integrated pest management and increasing prevalence of pests and diseases affecting crop yields globally.
• Lucintel forecasts that abamectin miticide is expected to witness the highest growth over the forecast period.
• Within this market, orchard is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Miticide in the Plant Market
• United States: In the United States, companies like Bayer CropScience and Syngenta are actively involved in developing and promoting new miticide solutions. Bayer CropScience has announced advancements in their miticide portfolio, focusing on enhancing efficacy and safety for the agricultural and horticultural applications. Syngenta has also introduced new miticide formulations aimed at addressing specific pest challenges in crops, such as fruits, vegetables, and ornamentals. Government support in the form of research grants and regulatory frameworks further supports innovation and adoption of miticides in agriculture.
• India: IndiaÄX%$%Xs market for miticides is growing with initiatives from companies like UPL Limited and PI Industries. UPL Limited has expanded its product offerings with miticides tailored for Indian crop varieties, aiming to improve crop yield and quality. PI Industries has focused on developing integrated pest management solutions, including miticides, to address pest resistance issues and ensure sustainable agriculture practices. Government initiatives promoting organic farming and sustainable agriculture practices drive the demand for effective miticides in India.
• China: In China, companies such as Sinochem International Corporation and Jiangsu Yangnong Chemical Group Co., Ltd. dominate the miticide market. These companies have introduced innovative miticide products and formulations to combat pests in major crops like cotton, fruits, and vegetables. Government policies supporting modernization of agriculture and pest control management contribute to the growth of the miticide market in China. Research and development investments focus on improving the efficacy and environmental safety of miticides, aligning with ChinaÄX%$%Xs agricultural sustainability goals.
• Germany: GermanyÄX%$%Xs market for miticides sees contributions from companies like BASF SE and Bayer AG. BASF SE has launched new miticide solutions with novel modes of action, addressing pest resistance challenges in European agriculture. Bayer AG continues to innovate with miticides designed to meet stringent European Union regulations while ensuring crop protection efficiency. Government regulations promoting sustainable agriculture and environmental protection drive the adoption of advanced miticide technologies in Germany.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Miticide in the Plant Market by Segment
The study includes a forecast for the miticide in the global plant market by type, application, and region.
Miticide in the Plant Market by Type [Value from 2018 to 2030]:
• Abamectin Miticide
• Carbamate Miticide
• Organophosphate Miticide
• Others
Miticide in the Plant Market by Application [Value from 2018 to 2030]:
• Orchard
• Nursery
• Greenhouse
• Gardening
• Others
Miticide in the Plant Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Miticide Companies in the Plant Market
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies miticide companies in the plant market cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the miticide companies in the plant market are profiled in this report include-
• BASF
• Gowan Company
• FMC Corporation
• Amvac Corporation
• Bayer
• Sumitomo Chemical
• Syngenta
• Nufarm
• Certis Biologicals
• Griffin Greenhouse Supplies
Recent Development in the Miticide in the Plant Market
• Bayer CropScience: Bayer CropScience has launched Velum® Prime, a novel miticide-nematicide that provides broad-spectrum control against pests, such as spider mites and nematodes. This initiative aims to address increasing pest resistance challenges in major crops while ensuring environmental sustainability and crop safety.
• Syngenta: Syngenta has introduced Minecto® Pro, a dual-action miticide-insecticide that targets a wide range of mites and other pests in fruits, vegetables, and specialty crops. This product innovation is designed to enhance crop protection efficiency and reduce the need for the multiple pesticide applications, thereby supporting integrated pest management practices.
• BASF SE: BASF SE has developed Acramite® 50WS, a miticide known for its selective action against spider mites in a variety of crops including cotton, vegetables, and ornamentals. The company continues to invest in research and development to improve the formulation and efficacy of Acramite® products, addressing evolving pest management needs in agriculture.
• UPL Limited: UPL Limited has expanded its miticide portfolio with the introduction of Pronutec® 20 SC, a systemic miticide effective against a broad spectrum of mite species in various crops. This initiative aligns with UPLÄX%$%Xs commitment to providing farmers with innovative pest management solutions that enhance crop productivity and sustainability.
Features of Miticide in the Global Plant Market
Market Size Estimates: Miticide in the plant market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Miticide in the plant market size by type, application, and region in terms of value ($B).
Regional Analysis: Miticide in the plant market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for miticide in the plant market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of miticide in the plant market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for miticide in the plant market?
Answer: Miticide in the global plant market is expected to grow with a CAGR of 5.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of miticide in the plant market?
Answer: The major drivers for this market are growing awareness and adoption of integrated pest management and increasing prevalence of pests and diseases affecting crop yields globally.
Q3. What are the major segments for miticide in the plant market?
Answer: The future of miticide in the plant market looks promising with opportunities in the orchard, nursery, greenhouse, and gardening markets.
Q4. Who are the key miticide companies in the plant market?
Answer: Some of the key miticide companies in the plant market are as follows:
• BASF
• Gowan Company
• FMC Corporation
• Amvac Corporation
• Bayer
• Sumitomo Chemical
• Syngenta
• Nufarm
• Certis Biologicals
• Griffin Greenhouse Supplies
Q5. Which miticide in the plant market segment will be the largest in future?
Answer: Lucintel forecasts that abamectin miticide is expected to witness the highest growth over the forecast period.
Q6. In miticide in the plant market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for miticide in the plant market by type (abamectin miticide, carbamate miticide, organophosphate miticide, and others), application (orchard, nursery, greenhouse, gardening, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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