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The global acaricides market is expected to grow in the forecast period of 2024-2032 at a CAGR of 5%.
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The rise of the population across the world has been significant to major developments and innovations and has increased the demand for food and high yield of crops in smaller areas. It has also led to a surge in the agricultural sector due to increasing food demand. Crop protection, enhancement and increased productivity are the key focus of the agricultural industry. As a result, there has been an increase in the use of fertilisers and pesticides. Acaricides are significant as they kill the ticks and mites and keep the animals and crops healthy and disease free. Mites are one of the most significant invertebrate organisms that usually feed on plants and animals. They attack several crops such as canola, pulses, and legumes, among others and can cause distorted leaves and cracked stems. Acaricides not only kill mites but also prevents the plants from various communicable diseases; their function has significantly aided the market growth.
The Asia Pacific region is one of the flourishing markets for acaricides. This is due to the expansion of agriculture and animal husbandry and the wide application in domestic spaces. Countries such as China, Indonesia, Japan, India, and South Korea are rapidly increasing the use of acaricides, further offering high growth opportunities to the market. Moreover, variant mutilated species found in these regions are further boosting the market. The rise of the crop protection industry is rising significantly in North America due to advances in farming practices and technology; this is also boosting the market growth for acaricides.
Acaricides are pesticides and includes antibiotic acaricides, carbamate acaricides, and formamidine acaricides, among others. They kill ticks and mites and provide economic control of pests. They are used to control the spread of arthropod pests, which results in huge damages to the industry.
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The major chemical types of acaricides are:
The market can be broadly categorised on the basis of its mode of action into:
Based on the applications, the market can be segmented into:
The EMR report looks into the regional markets of North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The growth of the organic food industry due to the increasing health consciousness and awareness about rapid climate change is accelerating the market growth. Moreover, various companies are focusing on research and development (R&D) as well as launching new innovative products for the industry growth. The rising demand for dairy products is also raising the market growth. The surging demand for sustainable developments further aids the industry growth. The United Nations also recommends sustainable agriculture and increasing productivity to combat major issues such as global poverty. The development of a resilient agriculture sector is also driving the growth of the industry.
The rapid urbanisation has not only reduced the availability of arable land but also increased the market for several organic food products. As the population in several countries such as India and China grow almost exponentially, the crop protection market witnesses an upsurge in order to meet the demand for food across the globe. The Food and Agricultural Organisation (FAO) also reiterated that the effective control of diseases and the prevention of their spread were essential in improving agriculture and in increasing production. Additionally, major technological and scientific advances in the pesticides market are also contributing to the market growth for acaricides.
The report presents a detailed analysis of the following key players in the global acaricides market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Chemical Type |
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Breakup by Mode of Action |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 5% between 2024 and 2032.
The market is driven by the rising population and the increasing demand for high-yielding crops.
The key trends of the market include the evolving technology and the rising demand for organic food products.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various chemical types of acaricides in the market are organophosphates, carbamates, organochlorines, pyrethrins, and pyrethroids, among others.
The significant modes of action of acaricides are spray, dipping, and hand dressing, among others.
The leading applications of acaricides are agriculture, animal husbandry, and industrial, among others.
The key players in the global acaricides market are Syngenta Crop Protection AG, Bayer AG, UPL Europe Limited, and Corteva Agriscience, among others.
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