Latin America Acaricides Market was worth USD 51.41 million in 2021 and is expected to reach 61.38 million USD by 2026 with a CAGR of 5.6 %. Acaricides are pesticides that are used to kill ticks and mites and help cattle gain resistance against various infectious illnesses. Acaricides work by meddling with the development of nerves, breath and muscles, of mikes and ticks.
Cattle farmers should use acaricides to eliminate tick infection and injury to cattle. Losses due to tick infections are considerable and ticks cause paralysis and weakens health of animal. Some acaricides may be dangerous to fishes and other wildlife and has to be used carefully to avoid damage to ecosystem.
Drivers and Restraints of Latin America Acaricides Market:
Some of the factors like the rise in efficiency, advancements in crop protection industry, and rise in demand for meat and dairy products are driving the market. The main restraints of the industry are the regulatory restrictions, alternative acaricide sources and rising cost.
Latin America Acaricides Market - By Type:
Latin America Acaricides Market - By Application:
Latin America Acaricides Market - By Mode of Action:
Based on geography, this market is further segmented in to
Latin America is a growing market and has major share in Global market. Brazil holds the highest share in this region.
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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