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.
In today’s fast-moving agricultural technology landscape, innovating and developing pesticides is essential for promoting healthy crop growth and increasing agricultural productivity. The acaricides market is steadily moving forward. Moreover, sustainable agriculture is becoming more important, resulting in a rising demand for eco-friendly options. Farmers are increasingly looking for natural and organic solutions to control pests while reducing their impact on the environment.
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.
A significant propellent is the growing demand for improved agricultural efficiency. Farmers are constantly challenged to increase their yields and reduce losses from pests. It serves as effective tools for managing these pests, leading to healthier crops and better productivity. As farming techniques evolve, the development of advanced formulations and application methods has made insect or plague management more efficient. This boost in effectiveness not only allows farmers to produce more but also cuts down on pest control expenses, solidifying acaricides as essential in modern agriculture.
The market growth is also fuelled by the new developments in the crop protection field. Ongoing research is yielding innovative active ingredients and formulations that are proving to be more effective against pests that have developed resistance.
The main restraints of the industry are regulatory restrictions, alternative acaricide sources, and the rising cost of raw materials. Acaricides are expensive because they are costly and time-consuming to develop, and ticks rapidly acquire immunity to them. According to a study published in the Pubmed under the National Library of Medicine, farms that utilise advanced technology tend to spend less on tick control, with only 13.41 per cent of their sanitary expenses going toward it, compared to 23.97 per cent for semi-technified ranches or farmhouses and 32.49 per cent for non-technified ones. Likewise, those with better technology and larger herds have lower annual acaricides treatment costs.
Biological acaricides present key opportunities for the expansion of this market. They have huge potential, particularly animal-based acaricides and microbiological acaricides, as there is limited research in the field. As per a study, there are countless plant species in the world, i.e. over 2,400, that can be employed to help control harmful organisms. Reportedly, about 1,000 of these can effectively manage pests, and around 100 are specifically useful for tackling mites. Besides this, the market will greatly from the discovery of new agents for control. For instance, the findings of investigation suggest that plant essential oil could play a valuable role in research focused on developing new pest control agents from medicinal plants.
The development of practical and affordable solutions is one of the primary challenges decelerating the growth rate of the acaricides market. The development teams of the market players are required to create a solution that is not only effective but also realistic and cost-effective for farmers. This is crucial because producers generally operate under tighter budgets and require products that do not significantly increase their costs. Thus, balancing efficacy with affordability is essential for market growth, acceptance and widespread use.
Selectivity for natural enemies also hinders market growth. It's quite challenging to formulate a product that can specifically target pests while protecting beneficial organisms. This exclusiveness is essential for maintaining a healthy ecological balance in agriculture.
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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. |
The organophosphorus segment is the leading category of the acaricides market. This type of acaricides is frequently seen as a top choice in the market because of its effectiveness and versatility. The segment’s market share increased owing to its targeting of the nervous systems of pests, which makes them particularly effective against various mites and ticks. Their quick action and shorter environmental persistence compared to other chemical types also make them popular among farmers.
On the other hand, the natural sources segment is also gaining traction. There is a noticeable uptick in interest surrounding natural acaricides, especially those made from plant extracts and essential oils.
The agriculture segment is the dominant application in the acaricides market. Farmers depend on these products to tackle pests that can harm their crops, such as different types of mites and ticks. Nowadays, many farming practices combine acaricides with biological control methods and cultural techniques as part of integrated pest management strategies. This comprehensive approach not only improves pest control effectiveness but also reduces environmental impact.
Whereas, in animal husbandry, acaricides are vital for managing parasites such as ticks and mites that can impact the health of livestock. Healthy animals are essential for productivity in this field, so using acaricides effectively is very important.
The spray segment holds the maximum share of the acaricides market. It is generally regarded as the go-to method for applying this pesticide. This approach provides wide coverage and is suitable for a variety of crops and situations, making it a highly effective option for managing pests such as ticks and mites.
The dipping vats segment also accounts for a notable share of the market. It is mainly used in animal husbandry, allowing livestock to be immersed in acaricide solutions to tackle external parasites.
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. One of the key markets in the APAC region is China. According to the latest data, China witnessed the launch of fewer than 30 new pesticides, with only 5 achieving annual sales exceeding RMB100 million. Among these, two were created by agricultural research organisations, them as key players in driving pesticides innovation and industrial change in China.
Europe follows after Asia-Pacific with the second highest share. Further, it is expected to have a higher CAGR than North America.
Latin America is emerging as one of the key acaricides market, holding a huge potential in this field. Market players continue to increase the frequency of investment for the development of innovative products.
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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