What Has Been the Growth Trajectory for the Miticides For Fruits and Vegetables Market in Recent Years?
The miticides for fruits and vegetables market has seen considerable growth due to a variety of factors.
•The miticides market for fruits and vegetables has experienced a significant expansion in recent years. The market, which currently stands at $1.08 billion in 2024, is projected to reach $1.14 billion by 2025, exhibiting a compound annual growth rate (CAGR) of 6.2%.
This notable growth during the historic period is linked to heightened awareness of environmental impact, adoption of integrated pest management (IPM) strategies, an increasing demand in the market for high-quality produce, developments in crop protection methodologies, along with the worldwide growth of agriculture.
How Does the Forecast Look for the Miticides For Fruits and Vegetables Market?
The miticides for fruits and vegetables market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for miticides used on fruits and vegetables is projected to experience robust expansion in the forthcoming years. It is predicted that the market will increase to "$1.49 billion by year 2029, with a Compound Annual Growth Rate (CAGR) of 6.9%.
The growth during the predicted period can be linked to factors such as the effects of climate change on pest behavior, changes in consumer behavior, worldwide agriculture growth, stricter regulatory requirements, and increasing pest resistance. Key trends anticipated during this period encompass heightened consumer demand for organic goods, the revival of Integrated Pest Management (IPM), escalating global pest issues, modifications in regulations and adherence, and a concentrated approach toward residue management.
What Are The Leading Drivers Of Growth In The Miticides For Fruits and Vegetables Market?
The miticides for fruits and vegetables market is anticipated to expand due to the escalating production of fruits and vegetables. The said production refers to the cultivation and harvesting of edible plants prized for their nutritional and gastronomical properties. The value of miticides lies in their function in fruit and vegetable production, disrupting mite metabolism or nervous systems and inhibiting feeding and growth. Miticides are also utilized to deter infections in all kinds of crops, including those threatened by thrips, mites, and similar pests. As reported by Statistics Canada in February 2023, an upward trend was noted in the farm-gate sales of fruits and vegetables in 2022, seeing a 13.1% increase to $3 billion from the previous year. Sales from the fruit and vegetable farms specifically saw a boost of 15.3% and 11.2% respectively. The year 2022 also saw the country witnessing a rise in overall fruit and vegetable production by 6.1%, amounting to 3.5 billion kg. Hence, it's concluded that the uptick in fruit and vegetable production is catalyzing the miticides market for both commodities.
How Are The Segments Defined Within The Global Miticides For Fruits and Vegetables Market?
The miticides for fruits and vegetables market covered in this report is segmented –
1) By Crop Type: Fruits And Vegetables, Cereals And Grains, Oilseeds And Pulses
2) By Form: Dry, Liquid
3) By Source: Biological, Chemical
4) By Mode of Application: Foliar Spray, Soil Treatment
Subsegments:
1) By Fruits And Vegetables: Apples, Grapes, Tomatoes, Potatoes, Citrus Fruits, Berries, Other Fruits And Vegetables
2) By Cereals And Grains: Wheat, Rice, Corn, Barley, Oats, Other Cereals And Grains
3) By Oilseeds And Pulses: Soybeans, Sunflower, Canola, Peas, Lentils, Other Oilseeds and Pulses
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How Are New Trends Expected To Influence The Growth Of The Miticides For Fruits and Vegetables Market?
In the miticides for fruits and vegetables marketplace, the trend of technological innovation is fast becoming prominent. Firms leading in this sphere are leveraging new technologies to maintain their market stance. Case in point, in March 2023, BASF SE, a chemical manufacturing corporation based in Germany, introduced an inventive new miticide named Danisaraba. It's purposed to aid horticultural farmers facing issues with spider mites. This miticide is tailor-made for horticultural scenarios and proves efficient against an array of spider mite species. It's a miticide characterized by long-lasting effectiveness, superior control and shields fruits and vegetables from two spot miticides. Moreover, it's beneficial for ornamental plants, citrus groves, fruit-bearing vegetables, strawberries, and grapevines.
Who Are the Key Players in the Miticides For Fruits and Vegetables Market?
Major companies operating in the miticides for fruits and vegetables market include:
• 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
• Isagro S.p.A.
• Nufarm Ltd.
• Koppert Biological Systems
• Arysta LifeScience Corporation
• Cheminova A/S
• Chemtura Corporation
• Sumitomo Chemical Co. Ltd.
• Marrone Bio Innovations
• Seipasa Ltd.
• Bioworks Inc.
• Stockton Group
What Is The Most Dominant Region In The Miticides For Fruits and Vegetables Market?
Asia-Pacific was the largest region in the miticides for fruits and vegetable market in 2024.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
