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Miticides Market Trends

Report ID: GMI7833
Published Date: Dec 2024
Report Format: PDF

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Miticides Market Trends

There is an increasing emphasis on the development of biological miticides, leveraging naturally occurring organisms like predatory mites or beneficial fungi to control mite populations. Integrated pest management (IPM) strategies are driving innovation, leading to the introduction of selective miticides that target pests while preserving beneficial insects. Additionally, there is a trend towards the development of novel chemical miticides with improved efficacy and reduced environmental impact. Water-soluble formulations and precision delivery systems, such as controlled-release technologies, are gaining prominence, enhancing the ease of application and overall effectiveness. The market is witnessing a continued focus on solutions that align with the principles of sustainable agriculture, addressing the evolving needs of growers and regulatory standards.

Authors: Kiran Pulidindi, Keshav Tandle

Frequently Asked Questions (FAQ) :

The global market size for miticides was valued at USD 1.6 billion in 2024 and is projected to reach USD 2.4 billion by 2034, driven by a CAGR of over 4.2% during the forecast period.

The fruits and vegetables segment accounted for over USD 669 million in 2024 and is expected to grow at a CAGR of 3.9% from 2025 to 2034, driven by the high susceptibility of these crops to mite infestations.

The U.S. market was valued at over USD 265 million in 2024 and is projected to grow at a CAGR of 4.5%, driven by its strong agricultural sector and advanced pest management solutions.

Major players in the industry include ADAMA India Private Limited, Andermatt Biocontrol, Arysta LifeScience, BioWorks, DuPont, Eurofins Scientific, FMC Corporation, Hebei Weiyuan Biochemical, UPL, Valent BioSciences, Varsha Bioscience and Technology India Pvt, and Zhejiang Rayfull Chemicals.