Global Acaricides Market Report and Forecast 2024-2032

Global Acaricides Market Outlook

The global acaricides market is expected to grow in the forecast period of 2024-2032 at a CAGR of 5%.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The Asia Pacific Region to Emerge as a Major Market of Acaricides

The rise of the population across the world has been significant to major developments and innovations and has increased the demand for food and high yield of crops in smaller areas. It has also led to a surge in the agricultural sector due to increasing food demand. Crop protection, enhancement and increased productivity are the key focus of the agricultural industry. As a result, there has been an increase in the use of fertilisers and pesticides. Acaricides are significant as they kill the ticks and mites and keep the animals and crops healthy and disease free. Mites are one of the most significant invertebrate organisms that usually feed on plants and animals. They attack several crops such as canola, pulses, and legumes, among others and can cause distorted leaves and cracked stems. Acaricides not only kill mites but also prevents the plants from various communicable diseases; their function has significantly aided the market growth.

The Asia Pacific region is one of the flourishing markets for acaricides. This is due to the expansion of agriculture and animal husbandry and the wide application in domestic spaces. Countries such as China, Indonesia, Japan, India, and South Korea are rapidly increasing the use of acaricides, further offering high growth opportunities to the market. Moreover, variant mutilated species found in these regions are further boosting the market. The rise of the crop protection industry is rising significantly in North America due to advances in farming practices and technology; this is also boosting the market growth for acaricides.

Acaricides: Market Segmentation

Acaricides are pesticides and includes antibiotic acaricides, carbamate acaricides, and formamidine acaricides, among others. They kill ticks and mites and provide economic control of pests. They are used to control the spread of arthropod pests, which results in huge damages to the industry.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The major chemical types of acaricides are:

• Organophosphates
• Carbamates
• Organochlorines
• Pyrethrins
• Pyrethroids
• Others

The market can be broadly categorised on the basis of its mode of action into:

• Spray
• Dipping
• Hand Dressing
• Others

Based on the applications, the market can be segmented into:

• Agriculture
• Animal Husbandry
• Industrial
• Others

The EMR report looks into the regional markets of North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Increasing Demand for Organic Food to Bolster the Market Growth

The growth of the organic food industry due to the increasing health consciousness and awareness about rapid climate change is accelerating the market growth. Moreover, various companies are focusing on research and development (R&D) as well as launching new innovative products for the industry growth. The rising demand for dairy products is also raising the market growth. The surging demand for sustainable developments further aids the industry growth. The United Nations also recommends sustainable agriculture and increasing productivity to combat major issues such as global poverty. The development of a resilient agriculture sector is also driving the growth of the industry.

The rapid urbanisation has not only reduced the availability of arable land but also increased the market for several organic food products. As the population in several countries such as India and China grow almost exponentially, the crop protection market witnesses an upsurge in order to meet the demand for food across the globe. The Food and Agricultural Organisation (FAO) also reiterated that the effective control of diseases and the prevention of their spread were essential in improving agriculture and in increasing production. Additionally, major technological and scientific advances in the pesticides market are also contributing to the market growth for acaricides.

Key Industry Players in the Global Acaricides Market

The report presents a detailed analysis of the following key players in the global acaricides market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Syngenta Crop Protection AG
• Bayer AG
• UPL Europe Limited
• Corteva Agriscience 
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report