Global Miticides Market 2018-2022

Global Miticides Industry Overview

The agricultural land is gradually decreasing and being converted to develop infrastructures such as houses, roads, and factories. According to a study, the demand for food is estimated to increase drastically in order to feed the 9.1 billion people by 2050. As per the United Nations, the shortage of cultivable land is mostly witnessed in the developing economies such as India and China, which are the two most populous countries in the world that require increased food production. Thus, the declining total factor productivity (TFP) gives rise to the demand for application of agricultural pesticides such as miticides to limit the productivity loss of crops. Miticides selectively act on only mites and ticks that damage food plants and ornamental plants, thus enhancing the productivity of production. Hence, the decrease in the size of arable land is expected to drive the growth of the global miticides market during the forecast period.

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Top companies listed in this report

The miticides market is slightly fragmented since the market has a number of companies that offer various products. The market is currently in its growth phase and filled with opportunities. Increasing adoption of modern farming methods and technologies keeps the vendors in the market competitive. This miticides industry analysis report will aid clients in identifying new growth opportunities and designing new growth strategies.

The report offers a complete analysis of miticides companies including:

• BASF
• Bayer
• DowDuPont
• FMC Corporation
• Syngenta

Miticides market growth based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for companies across regions such as the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in the APAC will constitute the maximum growth of this miticides market throughout the predicted period. The growth in this segment is attributable to the arable land expansion in APAC, particularly China and India.

Key highlights of the global miticides market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the miticides market during the next five years
• Precise estimation of the global miticides market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the miticides industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of miticides companies

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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global miticides market and its stakeholders over the forecast years.

Technavio’s miticides market research analysis considers how the performance of other related markets in the vertical will impact miticides market size till 2022. Some of the markets most likely to influence the growth of the miticides market over the coming years are the biopesticides market and the crop protection chemicals market.

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