Latin America's agricultural miticide market is expected to reach USD 127.73 million in 2024 and reach USD 175.78 million by 2029, growing at a CAGR of 6.60% from 2024 to 2029.
Miticides are chemical substance used to kill mites in the field or garden areas. Mites are tiny anthropods which are closely related to spiders and ticks. They are very difficult to control. Mites population increases with increase in temperature and decrease in humidity. In addition, mites can infect plants with viruses and diseases.
There are many types of miticides available in the market. Choosing a particular one is a difficult task. So, before using it read the label carefully. Begin with miticide sprays having the least toxic option. There are different types of mites that can affect both outdoor and indoor plants and it is difficult to recognize them. One of the easiest mites to recognize is spider mites because they produce fine webbing and feed from a wide variety of plants. Other mites target specific plants such as the spruce mite or honey locust spider mite.
The major factor driving the Latin American agriculture miticide market is an increase in the practice of gardening and farming. In addition, rising awareness about pest control, weather conditions, new innovative products for better yield, increase in disposable income, government reimbursement policies for agriculture, and technology advancements are also driving the growth of the market. However, a limited number of professionals and a lack of awareness in rural areas are hampering the growth of the market.
This research report on the Latin America agricultural miticide market is segmented and sub-segmented into the following categories:
Latin America Agricultural Miticide Market - By Product Type:
Abamectin is expected to have the largest revenue due to its popularity and wide use around the world.
Latin America Agricultural Miticide Market - By Application:
Farmland has the largest share, but the Orchards and Nurseries are expected to have the fastest growing rate.
Latin America Agricultural Miticide Market – By Country:
Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the agriculture miticide market.
KEY MARKET PLAYERS:
BASF Ornamentals, FMC Corporation, Adama Agricultural Solutions, Dow, Bayer Crop Science, Gowan Company, Syngenta AG, Valent Biosciences, Sumitomo Chemical, OHP, Inc, Rotam Latin America, Certis USA, Osho Chemical Industries, Meerut Agro Chemical Industries. Some of the market players dominating the Latin American agriculture miticide market.
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