The Europe miticides market is expected to grow from US$ 107.86 million in 2022 to US$ 142.82 million by 2028. It is estimated to grow at a CAGR of 4.8% from 2022 to 2028.
Based on source, the Europe miticides market is bifurcated into bio-based and synthetic. In 2022, the synthetic segment registered a larger share in the Europe miticides market.
Based on form, the Europe miticides market is segmented into dry and liquid. In 2022, the liquid segment registered a larger share in the Europe miticides market.
Based on crop type, the Europe miticides market is segmented into fruits and vegetables, cereals and grains, oilseeds and pulses, and others. In 2022, the fruits and vegetables segment registered a largest share in the Europe miticides market.
Based on country, the Europe miticides market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. In 2022, the Rest of Europe segment registered a largest share in the Europe miticides market.
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 are the leading companies operating in the Europe miticides market.
Bio-Based Miticides Drive Europe Miticides Market
For years, pesticides have been in use in an indiscriminate manner, destroying many of the natural adversaries of formerly innocuous species, along with swiftly inducing resistance in many parasites. Over the years, the green revolution has succeeded in part through the heavy use of chemical fertilizers and pesticides subsidized by governments. Many countries launched production support programs to stimulate agricultural production and achieve food self-sufficiency. Government subsidies resulted in the lower prices of fertilizers, resulting in their overuse, which not only burdened national fiscal positions but also caused environmental degradation. Thus, various countries began adopting bio-based alternatives to synthetic miticides to control environmental degradation. In September 2021, European Food Safety Authority (EFSA) proposed using lemon essential oil as a miticide, insecticide, and fungicide in fruit trees (citrus). An additional benefit of botanical oils is their different mode of action. For instance, rosemary oil alone has 20 pure compounds within it. One primary active ingredient targets octopamine, a nerve receptor that only insects have, which is safe for humans. These botanical oils and other bio-based miticides exhibit less toxicity to humans and low persistence in the environment. According to FAO, in Germany, the agricultural use of botanical insecticides increased to 25 tons in 2019 from 15 tons in 2018. For instance, in February 2020, Oro Agri launched its new Oroganic insecticide/acaricide at HortiContact in Gorinchem, the Netherlands. This plant protection product received approval from the Dutch Board for the Authorisation of Plant Protection Products and Biocides (CTGB) in 2019. Thus, the increasing popularity of organic agricultural produce and growing government efforts to develop bio-based farming practices are triggering the demand for bio-based miticides, which is likely to emerge as a significant trend in the Europe miticides market in the coming years.Europe Miticides Market Overview
The agricultural sector in Europe has been facing challenges in increasing productivity to feed the rising population across the region. Various European miticides manufacturers are increasing their dominance in crop protection products. Stringent guidelines by the European Union on environmental safety and support for organic farming propelled the demand for bio-based miticides in European countries, including Germany, Italy, Spain, and France. Miticides are primarily used to protect plants such as pome fruits, grapes, citrus, olives, cabbage, broccoli, cucumber, carrots, cauliflower, onion, eggplant, turf, flowers, and ornamentals from mites. In September 2021, European Food Safety Authority (EFSA) applied to use lemon essential oil as a miticide, insecticide, and fungicide to protect fruit trees (citrus). Furthermore, according to the United States Department of Agriculture, fresh apples, grapes, and pears production is forecasted to increase by 500,000 tons in 2021 to 12.8 million tons during 2022-2023. However, a severe attack of mites can reduce fruit growth and cause preharvest drops in certain varieties. These factors are expected to bolster the demand for miticides in Europe during the forecast period.Europe Miticides Market Revenue and Forecast to 2028 (US$ Million)
Europe Miticides Market Segmentation
The Europe Miticides market is segmented into source, form, crop type, and country.Based on source, the Europe miticides market is bifurcated into bio-based and synthetic. In 2022, the synthetic segment registered a larger share in the Europe miticides market.
Based on form, the Europe miticides market is segmented into dry and liquid. In 2022, the liquid segment registered a larger share in the Europe miticides market.
Based on crop type, the Europe miticides market is segmented into fruits and vegetables, cereals and grains, oilseeds and pulses, and others. In 2022, the fruits and vegetables segment registered a largest share in the Europe miticides market.
Based on country, the Europe miticides market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. In 2022, the Rest of Europe segment registered a largest share in the Europe miticides market.
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 are the leading companies operating in the Europe miticides market.
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Miticides Market Landscape
5. Europe Miticides Market - Key Market Dynamics
6. Miticides - Europe Market Analysis
7. Europe Miticides Market Analysis - By Source
8. Europe Miticides Market Analysis - By Form
9. Europe Miticides Market Analysis - By Crop Type
10. Europe Miticides Market - Country Analysis
11. Company Profiles
12. Appendix
List of Tables
List of Figure
Companies Mentioned
- BASF SE
- Bayer AG
- Certis USA LLC
- FMC Corp
- Gowan Co
- Kemin Industries Inc.
- Nihon Nohyaku Co. Ltd.
- Oro Agri International BV
- Syngenta AG
- UPL Ltd
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 134 |
Published | August 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 107.86 million |
Forecasted Market Value ( USD | $ 142.82 million |
Compound Annual Growth Rate | 4.8% |
Regions Covered | Europe |
No. of Companies Mentioned | 10 |