Acaricides Market Demand | Size, Value Share, Segment, COVID-19 Impact, Industry News and Future Prospects by 2024

Acaricides Market Global Information by Type (Organophosphorus, Compounds, Carbamates, Plant Derivatives and others), Mode of Application (Hand-Dressing, Spraying, Dipping and others), Application

Market Overview

Acaricides are used in agriculture and animal protection against ticks and mites. They are protective measures and helps in promoting the health and growth of animals and crops. Their vast usage in agricultural and animal husbandry will benefit the global acaricides market to grow at nearly 05% annual rate. Increasing population is increasing demand for meat and dairy products which is accounting towards healthy growth of this market. Also, the availability of new varieties of acaricides is boosting the market growth. Pest control is also driving the market due to increasing attacks, vast damages and losses in the result. Food safety is a matter of concern, to enhance this the acaricides are helping in increasing agricultural production. Ticks are responsible for transmissions of several diseases like heartwater, babesiosis and others to the animals and killing them. For effective measures against the ticks and controlling spread of deadly diseases, use of chemical acaricides is the best measure available.

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Some forms of chemical acaricides are held responsible for introducing toxins into water bodies and environment, which results in damage to living beings. This reason is one of the major factors slowing the pace of market growth. Also, regulation in some areas and high costs of acaricides are damaging the market’s growth as intended. Many companies are searching and moving to regions with low labour, production and raw materials costs, producing higher revenues and expanding the market share.

Key Players

BASF SE (Germany), Arysta LifeScience (Japan), Bayer AG (Germany), DuPont (US), FMC Corporation (US), Chemtura Corporation (US), Merck & Co., Inc. (US), Nissan Chemical Industries, Ltd. (Japan), Syngenta AG (Switzerland), Indofil Industries Limited (India), NIHON NOHYAKU CO., LTD. (Japan), Tata Chemicals Limited (India), ACARICIDE INDIA PRIVATE LIMITED (India), PI Industries (India) and NIPPON SODA CO., LTD.(Japan)

Recent Industry News

Rigid rules against the toxic nature of chemical acaricides have brought this market into the limelight and as a result, facing less growth in conclusion. There is a need to look for better alternatives with fewer side effects. High costs are also responsible for the slow growth of the market, and now companies are looking for regions with comparatively fewer production costs and higher consumptions.

Market Segment

There are three segments to Global Acaricides Market are Type-based: Natural sources, carbamate, organochlorine, arsenicals and organophosphorus are some types of acaricides.

Application-based: Acaricides are used in agriculture, animal husbandry, pest control and other fields.

Application medium based: Acaricides are applied through hand dressing, dipping, spraying and other mediums, based on the usage.

Regional Analysis

Europe, America, Asia Pacific, Asia Pacific and The Middle East & Africa are the four major regions observed for the global acaricides market.

Europe and The Asia Pacific regions are the fastest growing regions in the current era. There is a large land cover dependent on cattle, increasing population leading to increased meat demands and consumptions. In developing nations, increased awareness about better options available in the market for growth and sustainability of animals and crops is the main driving reason for rising demands. Developing and emerging economies like India, Japan and China are the new favourites among industries due to high consumption and availability of cheaper resources and labour. Agricultural practising due to fertile landscapes and tropical climates have increased the usage to gain better results in terms of production and profits.

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