The Middle East and Africa Acaricides market size is expected to reach USD 34.53 million in 2024 and reach USD 41.41 million by 2029, growing at a CAGR of 3.7% from 2024 to 2029.
Acaricides are a type of pesticide that can kill members of arachnids, mainly mites and ticks. There are various types of acaricides, which include chlorinated hydrocarbons, carbamates, organophosphates, arsenical, and synthetic pyrethroids.
Acaricides are also used to regulate tick and mite-borne diseases. These are extensively used in the agricultural and animal husbandry sector to save crops and cattle from infections. They are also used in animal products to secure pets such as dogs and cats from ticks and mites.
The rise in efficiency and advancements in crop protection industry, and rise in demand for meat and dairy products are some of the major drivers driving the market. The main restraints of the industry are the regulatory restrictions, alternative acaricide sources and high cost.
Based on geography, this market is further segmented in to Middle East and Africa. Middle East and Africa is still an under developed market and growing slowly compared to other regions.
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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