Press release
Miticides market could be worth 996.48 million by 2028,says Premium Market Insights
The miticides market size is expected to grow from US$ 996.48 million in 2022 to US$ 1,352.39 million by 2028; it is estimated to register a CAGR of 5.2% from 2022 to 2028.Miticides Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Source (Bio-Based and Synthetic), Form (Dry and Liquid), and Crop Type (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, and Others)Get PDF Sample Report + All Related Table and Graphs @: https://www.premiummarketinsights.com/sample/TIP00014663?utm_source=OpenPR&utm_medium=10823
Competitive Landscape: Miticides Market:
Miticides are chemical pesticides that are specifically manufactured to kill rodents, mice, and ticks. In recent years, the growing awareness regarding the harmful effects of synthetic chemicals used in miticides has surged the demand for bio-based miticides. For years, pesticides have been destroying many of the natural adversaries of formerly innocuous species, along with swiftly inducing resistance in many parasites. Over the years, the green revolution has succeeded in part through the heavy use of chemical fertilizers and pesticides subsidized by governments. Many countries launched production support programs to stimulate agricultural production and achieve food self-sufficiency. Government subsidies resulted in the lower prices of fertilizers, resulting in their overuse, which burdened national fiscal positions and also caused environmental degradation. Thus, various countries began adopting bio-based alternatives to synthetic miticides to control environmental degradation.
Asia Pacific held the largest share of the miticides market in 2022. The market growth in the region is attributed to the growing fruits & vegetable industry in the region. Asia Pacific countries such as India, China, and Japan are among the top fruit and vegetable-producing countries. According to the Ministry of Agriculture & Farmers Welfare, in 2021, India was the second-largest horticulture producer behind China, producing ~12% of the global fruit and vegetable production. This increased production of fruits and vegetables in Asia Pacific is expected to boost the demand for miticides in the region in the coming years. In addition, increasing government support through policies to promote sustainable agriculture is further driving the market growth in the region.
Nihon Nohyaku Co Ltd
Kemin Industries Inc
BASF SE
Bayer AG
FMC Corp
Gowan Co
Syngenta AG
UPL Ltd
Oro Agri International BV
Certis USA LLC
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Chapter Details of Miticides Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Miticides Market Landscape
Part 04: Miticides Market Sizing
Part 05: Miticides Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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