COVID-19 Impact On Miticides Market Share, Business Growth, Development, Forecast To 2024

 Market Scenario

The Global Miticides Market is expected to register a CAGR of 6.07% from 2019 to 2024 and reach USD 2.58 billion by the end of 2024. Mites are small organisms, belonging to the class of Arachnida. They are plant parasites, feeding on the leaves of the plants. They also affect the fruit of the trees by changing the flavor and skin of the fruit. A large number of mites infestation may lead to the death of the crop. Miticides are chemicals, used to manage and control the mites, attacking crops. 

Market Segmentation

The Global Miticides Market has been segmented by form, source, mode of application, crop type, and region.

Based on form, the global miticides market has been divided into powder and liquid. The liquid form segment accounted for the larger market share of the global miticides market in 2017. Liquid miticides offer advantages such as no dust formation during spraying, efficient handling, small particle size, and low packaging volume, resulting in the growth of the segment during the forecast period.

Competitive Analysis

Some of the key players in the global miticides market are Syngenta (Switzerland), Bayer AG (Germany), Adama Agricultural Solutions Ltd (Israel), FMC Corporation (US), Gowan Company (US), BASF SE (Germany), DowDuPont (US), Certis USA LLC (US), Nissan Chemical Corporation (Japan), Philagro South Africa (Pty) Ltd (South Africa), Arysta LifeScience Corporation (Japan), Dhanuka Agritech Ltd (India), Phoenix Environmental Design Inc. (US), Crop Quest, Inc. (US), and United Phosphorus, Inc. (US).

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Regional Analysis

The global miticides market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.  Asia-Pacific held the largest market share in 2017, followed by Europe and North America. The Latin American market is expected to witness significant growth, while the market in the Middle East & Africa is likely to grow at a moderate rate during the forecast period.

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