At 4.4% CAGR, the North America Miticides Market is projected to be worth US$ 175.14 million by 2028, says Business Market Insights

According to Business Market Insights research, the North America miticides market was valued at US$ 135.02 million in 2022 and is expected to reach US$ 175.14 million by 2028, registering a CAGR of 4.4% from 2022 to 2028. Increasing use of miticides for crop protection and yield improvement and growing demand for fruits and vegetables are the critical factors attributed to the North America miticides market expansion.               

Pesticides, which are used to control insects and weeds, are indispensable in agricultural practices. It has also led to a surge in the agricultural sector due to increasing food demand. With a rise in the population and a subsequent rise in the demand for food, agriculturists across the world are focusing on modifying farming practices to obtain high crop yields from smaller cultivation areas. Thus, crop protection and yield enhancement are the key focus areas of the agricultural sector, which signifies the continuous need for fertilizers and pesticides in farming. Miticides help keep crops healthy and disease free by killing ticks and mites. Mites are invertebrate organisms that usually feed on plants and animals. They attack several crops such as canola, pulses, and legumes, causing distorted leaves and cracked stems. Miticides kill mites and prevent plants from various contagious diseases, and their function significantly aids in the growth of the North America miticides market.  

On the contrary, volatility in prices of raw materials hurdles the growth of North America miticides market.

Based on source, the North America miticides market is bifurcated into bio-based and synthetic. The synthetic segment held 53.9% share of North America miticides market in 2022, amassing US$ 72.74 million. It is projected to garner US$ 92.83 million by 2028 to expand at 4.1% CAGR during 2022–2028.

Based on form, the North America miticides market is segmented into dry and liquid. The liquid segment held 57.3% share of North America miticides market in 2022, amassing US$ 135.02 million. It is projected to garner US$ 175.14 million by 2028 to expand at 4.4% CAGR during 2022–2028.

Based on crop type, the North America miticides market is segmented into fruits and vegetables, cereals and grains, oilseeds and pulses, and others. The fruits and vegetables segment held 63.1% share of North America miticides market in 2022, amassing US$ 85.18 million. It is projected to garner US$ 110.71 million by 2028 to expand at 4.5% CAGR during 2022–2028.  

Based on country, the North America miticides market is segmented into the US, Canada, Mexico. Our regional analysis states that the US captured 80.8% share of North America miticides market in 2022. It was assessed at US$ 109.10 million in 2022 and is likely to hit US$ 142.28 million by 2028, exhibiting a CAGR of 4.5% during the forecast period.  

Key players profiles in the North America miticides market report BASF SE; Bayer AG; Certis USA LLC; FMC Corp, Gowan Co, Kemin Industries Inc.; Nihon Nohyaku Co. Ltd.; Oro Agri International BV, Syngenta AG; and UPL Ltd, among others.

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