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Miticides Market 2022- 2028 by Industry Size, Share and Growth

The miticides market size is expected to grow from US$ 997.00 million in 2022 to US$ 1,352.13 million by 2028; it is estimated to grow at a CAGR of 5.2% from 2022 to 2028.

Miticide also known as acaricide is a chemical substance used to control mites or ticks (especially species that damage ornamental or food plants), which are not susceptible to commonly used insecticides. Azobenzene, dicofol, ovex, and tetradifon are commonly used miticides. Pesticides play a crucial role in controlling insects and weeds in the agriculture industry. According to the article “Agricultural Development, Pesticide Application, and Its Impact on the Environment,” without pesticides, there would be a 78% loss in fruit production, a 54% loss in vegetable production, and a 32% loss in cereal production. This implies the crucial role of pesticides in reducing diseases and increasing crop yields. According to the United Nations, the global population is expected to rise by ~2 billion people over the next 30 years; it would surge from 8 billion in 2022 to 9.7 billion by 2050. It has also led to a surge in the agricultural sector due to increasing food demand. Miticides help keep crops healthy and disease free by killing ticks and mites. Mites are invertebrate organisms that usually feed on plants and animals. They attack several crops, such as canola, pulses, and legumes, causing distorted leaves and cracked stems. Miticides kill mites and prevent plants from various contagious diseases, and their function significantly aids in the growth of the miticides market.

Some of the major players operating in the global miticides market include Nihon Nohyaku Co Ltd, Kemin Industries Inc, BASF SE, Bayer AG, FMC Corp, Gowan Co, Syngenta AG, UPL Ltd, Oro Agri International BV, and Certis USA LLC.

Backlink to be use: https://www.theinsightpartners.com/reports/miticides-market


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