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Miticides Market Share

Report ID: GMI7833
Published Date: Dec 2023
Report Format: PDF

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Miticides Market Share

BASF SE and Bayer AG are prominent players with a significant share owing to their extensive research capabilities and diverse product portfolios. Syngenta AG and Sumitomo Chemical Co., Ltd. also contribute significantly with their global reach and innovative formulations. The market is further diversified with the presence of Nufarm Limited, DowDuPont, Jiangsu Yangnong Chemical Co., Ltd., Gowan Company, LLC, and Kumiai Chemical Industry Co., Ltd., offering a range of miticide solutions. The remaining percentage represents various other companies in the market, highlighting the competitive landscape and the importance of strategic positioning and innovation for sustained market presence.

Miticides Market Companies

Some of the major players operating in the miticides industry are:

BASF SE
Bayer AG
Syngenta AG
Sumitomo Chemical Co., Ltd.
DowDuPont
Nufarm Limited
Jiangsu Yangnong Chemical Co., Ltd.
Gowan Company, LLC
Kumiai Chemical Industry Co., Ltd.

These players focus on strategic partnerships, new Crop Type launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative crop types and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for miticides was USD 1.49 billion in 2023 and is estimated to record USD 2,238 million by the end of 2032 due to the increasing prevalence of mite infestations posing significant threats to crop yields.

Miticides market from the fruits and vegetables crop type segment reached USD 635.9 million in 2023 owing to their susceptibility to mite infestations.

Chemical miticides recorded around 79% revenue share in 2023 due to their rapid and broad-spectrum efficacy in controlling mite infestations.

North America market size for miticides was USD 519.7 million in 2023 and is anticipated to expand at significant pace from 2024-2032 due to the presence of extensive and diverse agriculture coupled with a high level of technological adoption in the farming sector in the region.