The North America acaricides market was valued at USD 68.22 million in 2023 and is anticipated to reach USD 71.63 million in 2024 from USD 105.83 million by 2032, growing at a CAGR of 5% from 2024 to 2032.
Acaricides are a type of insecticides that are used to regulate the mite and tick species to help the animals and plants grow disease free and faster, while improving resistance against various infectious diseases. North America is a suitable and growing market for acaricides application.
The use of acaricides to host is an important process. The drug should kill the pest without any harm to the applicator and the host of the application. Different methods are utilized to make this process simpler and effective which includes spray, dipping vat, and others. The usage of acaricides is increasing owing to its capability and ease in eliminating mites/ticks which helps in securing the livestock and agricultural crops.
The major growth drivers of this market are the development in the crop protection market and the rise in demand for crop and animal-based food products. Stringent regulations imposed by the government regulate the growth of the market.
The US and Canada hold more than 70% of the regional share. The US has the highest market demand in this region.
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.
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