What is Miticides?
Miticides is a chemical pesticide that is used to kill plant mites or ticks, as these species damages ornamental or food plants. Miticides are also known as acaricide. The increasing use of advanced gardening and farming technique is a major factor expected to drive the growth of the global miticides market. The declining number of arable land, growing demand for food products owing to the growing population across the globe is another factor expected to drive the growth of the market over the forecast period. Companies are focusing on the development of new and innovative miticides so as to gain competitive gain which is thus expected to propel the growth of the global miticides market over the forecast period. Rapidly growing demand for fruits and vegetables, as it offers various health benefits is another major factor expected to augment the growth of the market.
The market study is broken down, by Application (Foliar Spray, Soil Treatment and Others) and major geographies with country level break-up. According to AMA, the Global Miticides market is expected to see growth rate of 5.0%
Research Analyst at AMA estimates that Vendors from United States will contribute to the maximum growth of Global Miticides market throughout the predicted period.
BASF SE (Germany), FMC Corporation (United States), ADAMA Agricultural Solutions Ltd. (Israel), Gowan Company, LLC (United States), Bayer Cropscience AG (Germany), The DOW Chemical Company (United States), Nihon Nohyaku Co., Ltd. (Japan), Syngenta AG (Switzerland), Valent USA (United States) and UPL Corporation Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are CERTIS EUROPE (Netherlands), OHP, Inc. (United States), Nissan Chemicals Industry (Japan), Nufram Limited (Australia) and Mantis Plant Protection LLC (United States).
AdvanceMarketAnalytics has segmented the market of Global Miticides market by Type, Application and Region.
On the basis of geography, the market of Miticides has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Miticides market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Crop Type, the sub-segment i.e. Fruits & Vegetables will boost the Miticides market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Chemical will boost the Miticides market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In the year 2017, FMC Corporation, announced the acquisition of a significant portion of DuPont's Crop Protection business. and In the year 2013, Monsanto completed the acquisition of Climate Corporation. The company focuses on providing farmers with critical information about factors affecting the growth of their crops.
In 2018, United Phosphorus Ltd, expanded its product offering by launching two new insecticides among which one is Miticides in the Indian market on June 6.
- Increasing awareness about decreasing losses, maximizing yield, and increasing the value crops are the key driver of the miticides market.
- Latest Advancements in Farming Practices and Technology
- Growth in Agricultural Productivity
- Rapid Growth in Biopesticides Market and Organic Agriculture
- Increasing Demand in Developing Countries
- Increasing Adoption of Integrated Pest Management (IPM)
- High Residue Levels of Miticides on Excessive Use
- Stringent Government Regulations
- Easy Availability of Substitutes and Alternatives
- Resistance of Mites to Miticides
- Evolution of Biotechnology and Increasing Acceptance of GM Crops
Key Target AudienceMiticides Manufacturers, Raw Material Suppliers, Traders and Distributors of Miticides, Research and Development Institutes, Potential Investors and Nationalized Laboratories
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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