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Global Miticides Market Booming at a CAGR of 5.3% to Estimated USD 1.81 billion Growth by 2026 with top Key players like BASF SE, UPL, Mantis Plant Protection LLC.

Global Miticides Market

Global Miticides Market is expected to grow from an initial estimated value of USD 1.20 billion,an estimated value of USD 1.81 billion by 2026, registering a CAGR of 5.3% in the forecast period of 2019-2026. A miticide is a chemical pesticide that specifically targets plant mites. Mites are tiny insects that are closely related to spiders and ticks. There are several types of mites, and once established in a plant host they can damage the health of the plant. Additionally, mites can transmit viruses and diseases to your plants. Mites can be treated with both broad-spectrum and narrow-spectrum miticides.

Mites are one of the most dangerous insects that target and destroy crops. They are very difficult to control and rapidly multiply during high temperatures, and due to their tiny structure, they are very hard to detect and are mostly identified when irreversible damage has already been done to the crops.

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Market Competitors: Global Miticides Market

  • Bayer AG
  • Arysta LifeScience Corporation
  • FMC Corporation
  • UPL
  • Mantis Plant Protection LLC Syngenta
  • Gowan Company
  • BASF SE

Market Segmentation: Global Miticides Market

  • By Mode of Application (Foliar spray, Soil treatment, Others),
  • By Crop type (Fruits & vegetables, Cereals & grains, Oilseed & pulses, Others),
  • By Source (Biological, Chemical),
  • By Formulation (Liquid, Dry),
  • By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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Miticides market report gives clear idea about the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, possible future trends, and market demand and supply scenarios. Outstanding practice models and excellent method of research has been utilized to generate this Miticides report that aids businesses to uncover the greatest opportunities to prosper in the market. And for the same, all the major topics of the market research analysis that includes market definition, market segmentation, competitive analysis, major developments in the market, and top-notch research methodology have been covered in the report.

Market Drivers:

  • Increasing awareness and constant innovations in the miticides market will act as a driver for the market
  • Increased demand for high yield from crops have raised the demand for their protection, thus increasing the demand for miticides to protect from mites and other insects

Market Restraints:

  • Stringent regulations regarding the chemicals used is one of the main restraint of the market
  • Health threatening characteristics of miticides for humans, and animals is also one of the major restraint of market

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