Miticides Market Analysis

Miticides Market Analysis

To get key market trends

  Download Free Sample

Based on crop type, the market is segmented as fruits and vegetables, cereals and grains, oilseeds, turf and ornamentals. Fruits and Vegetables held a majority market value of USD 635.9 million in 2023. Fruits and vegetables are more popular in the miticides market due to several factors. These crops are often high-value and economically significant, making them a priority for effective pest control measures. Fruits and vegetables are more susceptible to mite infestations, as mites can cause considerable damage to the leaves, fruits, and overall quality of the crops. Given the consumers' preference for blemish-free and visually appealing produce, growers of fruits and vegetables are inclined to invest in reliable miticides to ensure the health and marketability of their crops.
 

Based on Product, the market is segmented as chemical miticides and biological miticides. Chemical miticides held a dominant market share of around 79% in 2023. Chemical miticides are popular in the miticides market primarily due to their rapid and broad-spectrum efficacy in controlling mite infestations. These formulations often provide a quick knockdown effect, swiftly addressing existing mite populations and preventing further damage to crops. Chemical miticides are favored for their convenience and ease of application, making them suitable for large-scale agricultural operations.
 

Based on Form, the market is segmented as dry and liquid. Liquid miticides held a dominant market share of around USD 1.02 billion in 2023 and is expected to grow at a lucrative pace till 2032. Liquid formulations offer greater convenience for growers as they are typically ready-to-use or easily mixable, saving time and effort in the application process. The liquid nature allows for uniform coverage on plant surfaces, ensuring effective mite control. Additionally, liquid miticides often exhibit faster absorption and translocation by plants, providing quicker and more efficient systemic protection. This attribute is crucial in addressing mite infestations promptly, especially in high-value crops such as fruits and vegetables. The user-friendly nature of liquid miticides contributes to their widespread adoption.
 

North America dominated the market with majority market share and a revenue of USD 519.7 million in 2023 and is anticipated to expand at a significant pace from 2024-2032. The region's extensive and diverse agriculture, coupled with a high level of technological adoption in the farming sector, drives the demand for effective pest control solutions like miticides. The prevalence of commercial-scale fruit and vegetable production, especially in the United States and Canada, contributes to the increased need for miticides as these crops are particularly susceptible to mite infestations. Moreover, stringent regulatory frameworks promoting sustainable agricultural practices and the adoption of integrated pest management (IPM) strategies further stimulate the demand for miticides in North America.