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Miticides For Fruits and Vegetables Market to Surpass $1.45 Billion by 2029 | Key Trends & Insights
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.How Will the Miticides For Fruits and Vegetables Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been a consistent growth in the market size for miticides for fruits and vegetables. The market is projected to expand from $1.08 billion in 2024 to $1.13 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth during the historic period is likely due to the increased consciousness of the environmental impact, adaptation of integrated pest management (ipm), demand from the market for high-quality produce, advancements in crop protection strategies, and the worldwide extension of agriculture.
What Are the Estimated Growth Rates for the Miticides For Fruits and Vegetables Industry Through 2029?
The market size for miticides used in fruits and vegetables is anticipated to experience significant expansion in the coming years, escalating to $1.45 billion in 2029 with a compound annual growth rate (CAGR) of 6.6%. The growth projected for this period can be credited to the influence of climate change on pest behavior, changes in consumer trends, global agricultural expansion, strict regulatory norms, and increasing resistance of pests. Key market trends expected during this forecast period include the escalating demand for organic produce, the revival of integrated pest management (ipm), the surge in global pest intensity, regulatory shifts and adherence, and a concentrated effort on residue management.
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What Are the Strategic Drivers Boosting Miticides For Fruits and Vegetables Market Performance?
The miticides for fruits and vegetables market is anticipatd to grow due to the rising production of fruits and vegetables. This production refers to the cultivation and harvesting of edible plants, valued for their nutritional and culinary benefits. Miticides aid this process by disrupting the nervous system or metabolism of mites, hindering their feeding and reproduction, and thereby raising the yield of fruits and vegetables. These are employed to ward off infections in all crops, inclusive of thrips, mites, and sucking bites. In line with data from Statistics Canada in February 2023, farm-gate sales of fruits and vegetables witnessed a hike of 13.1% in 2022, elevating to $3 billion from the previous year. Transactions for fruit and vegetable farms rose by 15.3% and 11.2% respectively, a trend observed in all primary commodities. The overall fruit and vegetable production in the country in 2022 also escalated by 6.1%, amounting to 3.5 billion kg. Thus, the surging production of fruits and vegetables is stimulating the expansion of the miticides for fruits and vegetables market.
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What Are the Segments in the 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
What Are the Key Adoption Trends in the Miticides For Fruits and Vegetables Market?
The surge in technological innovation is a notable trend gathering momentum in the miticides for fruits and vegetables sector. Major players in the market for miticides for fruits and vegetables are incorporating novel technologies to maintain their industry dominance. For example, in March 2023, BASF SE, a chemical manufacturing firm based in Germany, unveiled the Danisaraba miticide, a ground-breaking new miticide to aid horticultural farmers grappling with spider mite issues. This particular miticide has been specially developed for horticultural usage and is highly effective against a broad array of spider mite species. It's a reliable, long-lasting miticide that offers great control and shields fruits and vegetables from two spot miticides. The miticide is also useful for decorative plants, citrus plantations, fruiting vegetables, strawberries, and grapevines.
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Which Companies Lead the Competitive Landscape of the Miticides For Fruits and Vegetables Industry?
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
Where Are the Key Miticides For Fruits and Vegetables Market Opportunities by Region?
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
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