Acaricides Market

Acaricides Market Size & Growth (2022 - 2027):

Acaricides Market had a market value of USD 258.84 Million in 2021 and is forecasted to exhibit a CAGR of 5.4% and reach USD 336.69 Million by 2026.

Acaricides are pesticides that kills 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.

Drivers and Restraints:

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

ACARICIDES MARKET REPORT COVERAGE:

Market Segmentation:

Acaricides Market – By Type:

• Organochlorine

• Organophosphorus
• Natural Sources
• Others

Acaricides Market – By Application:

• Agriculture
• Animal Husbandry
• Industrial
• Others

Acaricides Market – By Mode of Action:

• Spray
• Dipping Vat
• Hand Dressing
• Others

Acaricides Market – By Region:

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

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 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.