The global acaricides market was valued at USD 291.4 million in 2023 and is anticipated to reach USD 303.09 million in 2024 from USD 415.11 million by 2032, growing at a compound annual growth rate (CAGR) of 4.01 % during the forecast period from 2024 to 2032.
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.
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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
4.01% |
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Segments Covered |
By Type, Application, Mode of Action, And Region |
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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 |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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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. |
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.
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.
By Type
By Application
By Mode of Action
By Region
Frequently Asked Questions
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.
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.
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.
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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