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Miticides Market Trends

Report ID: GMI7833
Published Date: Dec 2023
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, 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.