Global Acaricides Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Type (Organochlorine, Organophosphorus, Natural Sources, And Others), Application (Agriculture, Animal Husbandry, Industrial, And Others), Mode Of Action (Spray, Dipping Vat, Hand Dressing And Others), And Region (North America, Europe, APAC, Latin America, Middle East And Africa) – Industry Analysis From 2024 To 2029.

Updated On: January, 2024
ID: 1921
Pages: 171

Global Acaricides Market Size (2024 to 2029)

The global acaricides market size is expected to reach USD 394.24 billion by 2029 from USD 303.08 billion in 2024, growing at a compound annual growth rate (CAGR) of 4.01 % during the forecast period from 2024 to 2029.

Acaricides are pesticides that kill members from the Arachnid subclass Acari, which includes ticks and bugs. Acaricides are utilized both in Medicine and Agriculture, although the desired power contrasts between the two fields. There are various types of acaricides based on the amount of various chemicals such as zinc, tin, phosphorus, and chlorine. Acaricides are also produced from natural raw materials such as spoiled corn, clove, and neem. These naturally created acaricides tend to be less poisonous in nature. Chemically derived acaricides include organophosphorus and organochlorine.

Market Drivers and Restraints

The Major Driving factors in this market are the rise in efficiency, developments in the crop protection industry, and the rise in demand for meat and dairy products. The main restraints of the industry are regulatory restrictions, alternative acaricide sources, and the rising cost of raw materials.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

4.01%

Segments Covered

By Type, Application, Mode of Action, And Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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.

  

REGIONAL ANALYSIS

Asia Pacific dominates the Acaricides market, followed by Europe and North America. Asia Pacific is expected to retain its market share during the next few years owing to the growth of agriculture and animal husbandry sectors. Europe follows after Asia-Pacific with second highest share. Further, it is expected to have higher CAGR than North America.

KEY MARKET PLAYERS

The major key players operating in this market are BASF SE, Bayer AG, FMC Corporation, DuPont, and Nissan Chemical Industries. Ltd., Syngenta, Merck & Co., Inc., The Dow Chemical Company, Chemtura Corporation, Arysta Life Science Limited.

DETAILED SEGMENTATION OF THE GLOBAL ACARICIDES MARKET INCLUDED IN THIS REPORT

This research report on the global acaricides market has been segmented and sub-segmented based on type, application, mode of action, and region. 

By Type

  • Organochlorine
  • Organophosphorus
  • Natural Sources
  • Others

By Application

  • Agriculture
  • Animal Husbandry
  • Industrial
  • Others

By Mode of Action

  • Spray
  • Dipping Vat
  • Hand Dressing
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

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Frequently Asked Questions

1. What factors are driving the growth of the acaricides market?

The growth of the acaricides market is primarily driven by factors such as increasing demand for food safety and quality, rising prevalence of pest infestations in agriculture, and the need for effective pest management solutions.

2. What are some challenges faced by the acaricides market?

Some of the challenges faced by the acaricides market include regulatory restrictions on the use of certain chemical ingredients, environmental concerns related to pesticide use, and the development of resistance in target pests.

3. What are the key trends shaping the acaricides market?

Key trends in the acaricides market include the development of eco-friendly and organic acaricides, advancements in formulation technology for improved efficacy and safety, and the adoption of integrated pest management practices.

4. What are the growth prospects for the acaricides market in the coming years?

The acaricides market is expected to witness steady growth in the coming years, driven by increasing demand for pest control solutions in agriculture, growing awareness about the importance of pest management, and the development of new and innovative acaricides formulations.

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