Miticides Market to Grow with a CAGR of 5.80% through 2030
The technological advancements in miticides and rising awareness about crop health are expected to drive the Global Miticides Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “Miticides
Market – Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030”, the Global Miticides Market stood at USD 2.31 billion
in 2024 and is anticipated to grow with a CAGR of 5.80% in the forecast period,
2026-2030.
The Global Miticides Market is experiencing a notable surge in demand, driven significantly by the expansive growth of horticulture worldwide. This market driver is intricately tied to several key factors that underscore the importance of miticides in ensuring the health and productivity of high-value horticultural crops. The global consumer shift towards healthier diets has led to an increased cultivation of fruits and vegetables. Horticulture, encompassing orchards and vegetable farms, plays a pivotal role in meeting this demand. As horticultural crops are particularly susceptible to mite infestations, the need for effective miticides becomes imperative to protect the quality and quantity of these high-value crops.
Horticultural crops, such as apples, grapes, strawberries, and tomatoes, are highly susceptible to mite infestations. Mites can cause damage to leave, fruits, and flowers, leading to reduced yields and compromised quality. Mitigating these specific pest challenges is crucial for horticulturists, making miticides an essential tool in their pest management strategies. The global expansion of horticulture is not merely a shift in agricultural practices but a significant contributor to the agricultural gross domestic product (GDP). The economic significance of horticulture amplifies the impact of mite-induced crop losses. Miticides, by safeguarding horticultural yields, contribute to the overall economic resilience of this sector.
The diversification of horticultural practices has witnessed the emergence of specialty crops, including exotic fruits and ornamental plants. These crops, often cultivated for niche markets, command higher prices but are equally vulnerable to mite infestations. Miticides play a crucial role in protecting the unique characteristics and market value of these specialty horticultural products. The global nature of horticultural markets has led to interconnected supply chains, with products being traded across borders. Mite infestations can jeopardize international trade by causing quarantine issues and quality concerns. Miticides, as a preventive measure, are essential for ensuring compliance with international phytosanitary standards and maintaining the integrity of global horticultural supply chains.
Sustainable formulations are gaining traction in the Global Miticides Market, reflecting the industry's commitment to green chemistry. Miticide manufacturers are increasingly focusing on developing formulations with reduced environmental impact, lower toxicity to non-target organisms, and shorter persistence in the environment. This trend aligns with consumer preferences for sustainably produced food and contributes to the overall environmental stewardship of the agricultural sector.
The market is witnessing a rise in certifications and eco-labels associated with miticide products. Growers and consumers are showing a growing preference for miticides that adhere to recognized sustainability standards. Certifications such as organic or eco-friendly labels serve as indicators of environmentally responsible miticide formulations, influencing purchasing decisions and promoting sustainable practices in agriculture.
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The Global Miticides Market is segmented into crop type, formulation, mode of application, form, regional distribution, and company.
Based on its formulation, the liquid segment shows the fastest growth over the forecast period, Liquid miticides are generally easier
to apply than dry miticides, as they can be sprayed directly onto crops using
conventional spray equipment. This makes them more convenient and efficient to
use, especially for large-scale agricultural operations. Liquid miticides can
provide better coverage and penetration of plant surfaces compared to dry
miticides. This is because liquid miticides can more easily reach crevices and
hidden areas where pests may be hiding. Liquid miticides are less prone to
drift than dry miticides, which means that they are less likely to be carried
away by wind or water and contaminate non-target areas.
Based on region, The Europe market is poised to be the fastest-growing
market, offering lucrative growth opportunities for Miticides players during
the forecast period. Factors such as Europe is known for having stringent
regulatory standards regarding the use of pesticides and chemicals in
agriculture. This includes miticides. While stringent regulations can pose
challenges, they also create a conducive environment for the development and
adoption of environmentally friendly and sustainable miticides. As the global
focus on sustainable agriculture increases, European regulations may drive the
demand for innovative and eco-friendly miticide solutions. European countries
have been increasingly emphasizing sustainable and organic farming practices.
Miticides that align with these principles, such as biological or bio-based
formulations, may experience higher demand.
Major
companies operating in Global Miticides Market are:
- Illumina, Inc.
- Eurofins Scientific
- LGC Limited
- SGS S.A.
- Thermo Fisher Scientific Inc.
- Intertek Group plc
- DuPont
- ADAMA India Private Limited
- Arysta LifeScience Corporation
- FMC Corporation
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“The technological
advancements in miticides and rising awareness about crop health are key
drivers of the Miticides market. In recent years, The development of miticides
with increased specificity and reduced environmental impact contributes to
their adoption. Selective formulations that target mites while minimizing harm
to beneficial organisms align with the global trend towards sustainable and
integrated pest management practices. Moreover, the growing consumer emphasis
on preventative agricultural products has enhanced production and marketing
efforts. To meet the demands of the market, manufacturers are increasingly
incorporating cutting-edge technologies with high production efficiency. Rising
consumer acceptance and continuous product innovation will further ensure the
growth of the Miticides market in the coming years.,” said Mr. Karan Chechi,
Research Director at TechSci Research, a research-based management consulting
firm.
“Miticides Market – Global Industry Size, Share, Trends, Opportunity, & Forecast Segmented By Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Others), By Formulation (Liquid, Dry), By Mode of Application (Foliar Spray, Soil Treatment, Others), By Source (Biological, Chemical), By Region, Competition, 2020-2030F”, has evaluated
the future growth potential of Global Miticides Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Miticides Market.
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