Dublin, Nov. 14, 2023 (GLOBE NEWSWIRE) -- The Rise of Bio-Based Miticides in Asia Pacific: A new report "Asia Pacific Miticides Market Forecast to 2028 -Regional Analysis" has been added to ResearchAndMarkets.com's offering, providing an in-depth analysis of the Asia Pacific miticides market. The study highlights a significant shift towards bio-based products, driven by increasing environmental concerns and government initiatives.
- Market Growth: From US$ 543.10 million in 2022, the market is projected to reach US$ 753.24 million by 2028.
- Annual Growth Rate: Estimated at a CAGR of 5.6% from 2022 to 2028.
Key Market Drivers: The report pinpoints several factors propelling the market growth:
- Rising demand for organic agricultural produce.
- Government efforts to promote bio-based farming practices.
- Growing awareness among farmers about crop protection chemicals.
- Increased food demand due to population growth in the region.
Market Overview and Trends: The Asia Pacific miticides market is witnessing a paradigm shift:
- Bio-Based Miticides: With the adverse effects of synthetic pesticides becoming evident, there is a growing preference for bio-based alternatives.
- Regional Dominance: Countries like China, Japan, and India are leading the market due to their significant agricultural sectors.
- Fruits & Vegetables Segment: This segment holds the largest market share, influenced by the top production status of countries like India and China.
Market Segmentation Insights: The report offers a detailed segmentation of the Asia Pacific miticides market:
- By Source: Bio-based and synthetic, with synthetic miticides having a larger share in 2022.
- By Form: Dry and liquid forms, with liquid forms dominating the market in 2022.
- By Crop Type: Fruits and vegetables, cereals and grains, oilseeds and pulses, among others.
- By Country: Covering Australia, China, India, Japan, South Korea, and the rest of Asia Pacific.
Leading Market Players: The report identifies key players in the market, including:
- 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
Conclusion: The Asia Pacific miticides market is on a growth trajectory, with bio-based products emerging as a significant trend. The report provides invaluable insights for stakeholders and investors interested in the agricultural sector of this region.
For more information about this report visit https://www.researchandmarkets.com/r/ms0tzm
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