Asia Pacific Miticides Market Forecast to 2028 -Regional Analysis - by Source (Bio-Based and Synthetic), Form (Dry and Liquid), and Crop Type (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, and Others)

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The Asia Pacific miticides market is expected to grow from US$ 543.10 million in 2022 to US$ 753.24 million by 2028. It is estimated to grow at a CAGR of 5.6% from 2022 to 2028.

Bio-Based Miticides Drive Asia Pacific 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. Malaysia reported the use of 101 metric tons of botanical and biological insecticides in agricultural practices in 2019. Plant-derived or botanical pesticides, including miticides, are typically more easily degradable and may have a lower environmental impact than chemically manufactured medications. The growing demand for such natural products to treat crops has led companies in the Asia Pacific miticides market to introduce bio-based products. 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 Asia Pacific miticides market in the coming years.

Asia Pacific Miticides Market Overview

The Asia Pacific miticides market is prominent due to growing awareness about crop protection chemicals among farmers, government subsidies, and rising food demand due to the increasing population. During the forecast period, surging demand for excellent agricultural products and organic produce's increasing need for high productivity and yield are expected to boost the use of miticides in Asia Pacific countries, especially China, Japan, and India. Increasing agriculture sector, these Asian countries determine a high product consumption rate. According to the Asian Development Bank, rising incomes and urbanization are transforming food consumption. Policies introduced by many international, multilateral, and bilateral organizations on regulating pesticide distribution and promoting integrated pest management (IPM) have supported the efforts of governments in the region. The development of the Food and Agriculture Organization's (FAO's) International Code of Conduct on the Distribution and Use of Pesticides has greatly helped with the process. Further, the growing fruits & vegetable industry has propelled the demand for miticides in Asia Pacific. Asia Pacific countries such as India, China, and Japan are among the top fruit and vegetable-producing countries. According to the Ministry of Agriculture & Farmers Welfare, in 2021, India was the second-largest horticulture producer behind China, producing about 12% of the global fruit and vegetable production. This increased production of fruits and vegetables in Asia Pacific is expected to boost the demand for miticides in the region in the coming years.

Asia Pacific Miticides Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Miticides Market Segmentation

The Asia Pacific Miticides market is segmented into source, form, crop type, and country.

Based on source, the Asia Pacific miticides market is bifurcated into bio-based and synthetic. In 2022, the synthetic segment registered a larger share in the Asia Pacific miticides market.

Based on form, the Asia Pacific miticides market is segmented into dry and liquid. In 2022, the liquid segment registered a larger share in the Asia Pacific miticides market.

Based on crop type, the Asia Pacific 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 Asia Pacific miticides market.

Based on country, the Asia Pacific miticides market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. In 2022, China segment registered a largest share in the Asia Pacific 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 Asia Pacific miticides market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific miticides market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific miticides market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the miticides market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: BMIRE00028688

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Asia Pacific Miticides Market, by Source
- 1.3.2 Asia Pacific Miticides Market, by Form
- 1.3.3 Asia Pacific Miticides Market, by Crop Type
- 1.3.4 Asia Pacific Miticides Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:

4. Asia Pacific Miticides Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Threat of Substitutes:
- 4.2.3 Bargaining Power of Buyers:
- 4.2.4 Bargaining Power of Suppliers:
- 4.2.5 Competitive Rivalry:
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers:
- 4.3.2 Manufacturers:
- 4.3.3 Distributors or Suppliers:
- 4.3.4 End Use Industry:
4.4 Expert Opinions

5. Asia Pacific Miticides Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Use of Miticides for Crop Protection and Yield Improvement
- 5.1.2 Growing Demand for Fruits and Vegetables
5.2 Market Restraints
- 5.2.1 Regulations Focused on Harmful Effects of Miticides
5.3 Opportunities
- 5.3.1 Ongoing Developments in Crop Protection Practices
5.4 Future Trends
- 5.4.1 Bio-Based Miticides
5.5 Impact Analysis

6. Miticides - Asia Pacific Market Analysis

6.1 Asia Pacific Miticides Market -Volume and Forecast to 2028 (Tons)
6.2 Asia Pacific Miticides Market -Revenue and Forecast to 2028 (US$ Million)

7. Asia Pacific Miticides Market Analysis - By Source

7.1 Overview
7.2 Asia Pacific Miticides Market, By Source (2021 and 2028)
7.3 Bio-Based
- 7.3.1 Overview
- 7.3.2 Bio-Based: Asia Pacific Miticides Market - Volume and Forecast to 2028 (Tons)
- 7.3.3 Bio-Based: Asia Pacific Miticides Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Synthetic
- 7.4.1 Overview
- 7.4.2 Synthetic: Asia Pacific Miticides Market - Volume and Forecast to 2028 (Tons)
- 7.4.3 Synthetic: Asia Pacific Miticides Market - Revenue and Forecast to 2028 (US$ Million)

8. Asia Pacific Miticides Market Analysis - By Form

8.1 Overview
8.2 Asia Pacific Miticides Market, By Form (2021 and 2028)
8.3 Dry
- 8.3.1 Overview
- 8.3.2 Dry: Asia Pacific Miticides Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Liquid
- 8.4.1 Overview
- 8.4.2 Liquid: Asia Pacific Miticides Market - Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Miticides Market Analysis - By Crop Type

9.1 Overview
9.2 Asia Pacific Miticides Market, By Crop Type (2021 and 2028)
9.3 Fruits and Vegetables
- 9.3.1 Overview
- 9.3.2 Fruits and Vegetables: Asia Pacific Miticides Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Cereals and Grains
- 9.4.1 Overview
- 9.4.2 Cereals and Grains: Asia Pacific Miticides Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Oilseeds and Pulses
- 9.5.1 Overview
- 9.5.2 Oilseeds and Pulses: Asia Pacific Miticides Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: Asia Pacific Miticides Market - Revenue and Forecast to 2028 (US$ Million)

10. Asia Pacific Miticides Market - Country Analysis

10.1 Overview
- 10.1.1 Asia Pacific: Miticides Market, by Key Country
  - 10.1.1.1 Australia: Miticides Market - Volume and Forecast to 2028 (Tons)
  - 10.1.1.2 Australia: Miticides Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.2.1 Australia: Miticides Market, by Source
    - 10.1.1.2.2 Australia: Miticides Market, by Source
    - 10.1.1.2.3 Australia: Miticides Market, by Form
    - 10.1.1.2.4 Australia: Miticides Market, by Crop Type
  - 10.1.1.3 China: Miticides Market - Volume and Forecast to 2028 (Tons)
  - 10.1.1.4 China: Miticides Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.4.1 China: Miticides Market, by Source
    - 10.1.1.4.2 China: Miticides Market, by Source
    - 10.1.1.4.3 China: Miticides Market, by Form
    - 10.1.1.4.4 China: Miticides Market, by Crop Type
  - 10.1.1.5 India: Miticides Market - Volume and Forecast to 2028 (Tons)
  - 10.1.1.6 India: Miticides Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.6.1 India: Miticides Market, by Source
    - 10.1.1.6.2 India: Miticides Market, by Source
    - 10.1.1.6.3 India: Miticides Market, by Form
    - 10.1.1.6.4 India: Miticides Market, by Crop Type
  - 10.1.1.7 Japan: Miticides Market - Volume and Forecast to 2028 (Tons)
  - 10.1.1.8 Japan: Miticides Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.8.1 Japan: Miticides Market, by Source
    - 10.1.1.8.2 Japan: Miticides Market, by Source
    - 10.1.1.8.3 Japan: Miticides Market, by Form
    - 10.1.1.8.4 Japan: Miticides Market, by Crop Type
  - 10.1.1.9 South Korea: Miticides Market - Volume and Forecast to 2028 (Tons)
  - 10.1.1.10 South Korea: Miticides Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.10.1 South Korea: Miticides Market, by Source
    - 10.1.1.10.2 South Korea: Miticides Market, by Source
    - 10.1.1.10.3 South Korea: Miticides Market, by Form
    - 10.1.1.10.4 South Korea: Miticides Market, by Crop Type
  - 10.1.1.11 Rest of Asia Pacific: Miticides Market - Volume and Forecast to 2028 (Tons)
  - 10.1.1.12 Rest of Asia Pacific: Miticides Market -Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.12.1 Rest of Asia Pacific: Miticides Market, by Source
    - 10.1.1.12.2 Rest of Asia Pacific: Miticides Market, by Source
    - 10.1.1.12.3 Rest of Asia Pacific: Miticides Market, by Form
    - 10.1.1.12.4 Rest of Asia Pacific: Miticides Market, by Crop Type

11. Company Profiles

11.1 Nihon Nohyaku Co. Ltd.
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Kemin Industries Inc.
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 BASF SE
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Bayer AG
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 FMC Corp
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Gowan Co
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 Syngenta AG
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
11.8 UPL Ltd
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
11.9 Oro Agri International BV
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
11.10 Certis USA LLC
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Glossary of Terms