PUBLISHER: The Business Research Company | PRODUCT CODE: 1414427
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414427
“Miticides For Fruits and Vegetables Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on miticides for fruits and vegetables market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for miticides for fruits and vegetables? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The miticides for fruits and vegetables market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Miticides designed for fruits and vegetables are specialized chemical compounds formulated to effectively manage and eradicate mites, small arthropods that pose threats to the quality and yield of crops. These miticides are instrumental in enhancing agricultural productivity by disrupting mites' nervous systems or metabolism, hindering their ability to feed and multiply.
The primary categories of miticides for fruits and vegetables encompass diverse agricultural segments such as cereals, grains, oilseeds, and pulses. Fruits and vegetables denote consumable plant products frequently used in human diets. These miticides are available in varied forms-both dry and liquid-with diverse sources, including biological and chemical compositions. Application methods range from foliar sprays to soil treatments, offering multiple avenues for effective usage.
The miticides for fruits and vegetables market research report is one of a series of new reports from The Business Research Company that provides miticides for fruits and vegetables market statistics, including miticides for fruits and vegetables industry global market size, regional shares, competitors with a miticides for fruits and vegetables market share, detailed miticides for fruits and vegetables market segments, market trends and opportunities, and any further data you may need to thrive in the miticides for fruits and vegetables industry. This miticides for fruits and vegetables market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The miticides for fruits and vegetables market size has grown strongly in recent years. It will grow from $1.01 billion in 2023 to $1.08 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The expansion observed during the historical period can be credited to several factors. These include the increased recognition of environmental consequences, the widespread adoption of Integrated Pest Management (IPM), a rising market desire for high-quality produce, advancements in techniques for crop protection, and the global proliferation of agricultural practices.
The miticides for fruits and vegetables market size is expected to see strong growth in the next few years. It will grow to $1.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. In the upcoming forecast period, growth can be ascribed to several factors. These include the influence of climate change on pest behavior, evolving consumer preferences, the continued expansion of agriculture on a global scale, increasingly strict regulatory standards, and the escalating resistance among pests.
The upward trajectory in fruit and vegetable production is poised to accelerate the growth of the miticides for fruits and vegetables market. This production entails the cultivation and harvest of edible plants consumed for their nutritional value. Miticides used in this sphere disrupt mites' nervous systems or metabolism, curbing their ability to feed and reproduce, thereby preventing infections in crops. Notably, Statistics Canada reported in February 2023 a 13.1% rise in farm-gate sales of fruits and vegetables to $3 billion in 2022 from the previous year. Moreover, the nation's overall production of these goods surged by 6.1% to 3.5 billion kg in 2022, underscoring the direct correlation between increased production and the demand for miticides.
The expansion of commercial agriculture stands as a driving force behind the miticides for fruits and vegetables market. Commercial agriculture involves mass-scale crop and livestock production, often employing modern machinery. Miticides play a pivotal role in safeguarding crops from pests and diseases, leading to amplified yields and superior crop quality. For instance, the USDA Economic Research Service's data in 2021 revealed that the agriculture and related industries contributed 5.4% to the US gross domestic product, emphasizing the economic significance of this sector. This growth in demand for food staples aligns directly with the amplifying need for miticides within commercial agriculture, indicating their pivotal role in fostering market growth.
Technological advancements mark a pivotal trend shaping the miticides for fruits and vegetables market. Key industry players are embracing innovative technologies to fortify their market position. For instance, BASF SE's March 2023 introduction of Danisaraba miticide showcases a pioneering solution tailored for horticultural farmers combatting spider mite issues. This potent miticide, specifically crafted for horticultural needs, demonstrates efficacy against a diverse range of spider mite species while ensuring lasting effectiveness and high control levels. Its application spans ornamental plants, citrus orchards, fruiting vegetables, strawberries, and grapevines, underscoring the market's push for advanced technological solutions.
Major industry players are embracing novel formulations such as bio-based miticides to drive revenues in the market. Biopesticides derived from natural sources such as bacteria, plants, animals, and specific minerals serve as pest management solutions in plants. For instance, Croda International plc's October 2023 launch of Atlox BS-50, a biopesticide delivery system for spore-forming microbes, simplifies formulation processes and reduces development time. This ready-to-use powder emphasizes biopesticide integration, exemplifying Croda's commitment to bio-based solutions and underscoring the strategic importance of such innovations in the market's growth trajectory.
In March 2022, McLaughlin Gormley King Co. Inc. (MKG), a prominent manufacturer of insecticides and miticides based in the US, completed the acquisition of the DeBug brands from Agro Logistic Systems Inc. The financial details of this acquisition were not disclosed. This strategic move significantly expands and diversifies MKG's range of insect and miticide control products, enhancing their portfolio with essential offerings from the DeBug brand. Agro Logistic Systems Inc., a US-based company, specializes in producing a spectrum of solutions, including miticides designed for insect control.
Major companies operating in the miticides for fruits and vegetables market report are Badische Anilin- und Sodafabrik, Farbenfabriken Bayer AG, Gowan India Private Limited, Nihon Nohyaku Co Ltd., Syngenta AG, Certis USA LLC, Corteva Inc., ADAMA Ltd., Food Machinery and Chemical Corporation, Valent Biosciences, DuPont Ltd., Dow Jones Industrial Average, Mantis Plant Protection, Nissan Chemical Corporation, Kemin Industries Inc., Olympic Horticultural Products, United Phosphorus Limited, Terminix International Company, Isagro S.p.A., Nufarm Ltd., Koppert Biological Systems, Arysta LifeScience Corporation, Cheminova A/S, Chemtura Corporation, Sumitomo Chemical Co. Ltd., United Phosphorus Ltd., Marrone Bio Innovations, Seipasa Ltd., Bioworks Inc., Stockton Group
Asia-Pacific was the largest region in the miticides for fruits and vegetable market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global miticides for fruits and vegetables market report during the forecast period. The regions covered in the miticides for fruits and vegetables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the miticides for fruits and vegetables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The miticides for the fruits and vegetable market consists of sales of organophosphates, pyrethroids, avermectins, and carbamates. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.