Asia-Pacific Acaricides Market has been estimated at USD 81.99 million in 2021 and is projected to reach USD 111.01 million by 2026, at a CAGR of 6.5% during the forecast period from 2022 - 2027.
Acaricides is a type of pesticide that can kill members of arachnids mainly mites and ticks. There are various types of acaricides which includes chlorinated hydrocarbons, carbamates, organophosphates, arsenical, and synthetic pyrethroids.
Acaricides are also used to regulate tick and mite borne diseases. These are extensively used in the agricultural and animal husbandry sector to save crops and cattle from infections. They are also used in animal products to secure pets such as dogs and cats from ticks and mites.
Drivers and Restraints of Asia-Pacific Acaricides Market:
The market in Asia-Pacific is growing at a tremendous rate due to the rise in use of crop protection drugs to regulate the spread of tick and mite-borne diseases. The major growth drivers of this market are, Advancements in crop protection market and the increase in demand for crop and animal based food products. Factors restraining the growth of this market are high price of raw materials and the stringent regulations imposed by some governments.
Asia-Pacific Acaricides Market - By Type:
Asia-Pacific Acaricides Market - By Application:
Asia-Pacific Acaricides Market - By Mode of Action:
Based on geography, this market is further segmented in to
Japan hold the major share in this market and china holds the highest share in the market accounting for 44% of the total share regionally.
Major Key Players:
The major key players operating in this market are BASF SE, Bayer AG, FMC Corporation, DuPont, Nissan Chemical Industries. Ltd., Syngenta, Merck & Co., Inc., The Dow Chemical Company, Chemtura Corporation, Arysta Life Science Limited.
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