As per our analysis report, the global acaricides Market is expected to reach USD 394.24 billion by 2029 from USD 303.08 billion in 2024, growing at a compound annual growth rate (CAGR) of 4.01 % during the forecast timeline. 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.
Global Acaricides Market Drivers and Restraints:
The Major Driving factors in this market are the rise in efficiency, developments in crop protection industry, and rise in demand for meat and dairy products. The main restraints of the industry are the regulatory restrictions, alternative acaricide sources and rising cost of Raw materials.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
4.01% |
Segments Covered |
By Type, Application, Mode of Action, And Region |
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 |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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. |
This research report on the global acaricides market has been segmented and sub-segmented based on type, application, mode of action, and region.
Global Acaricides Market – By Type:
Global Acaricides Market – By Application:
Global Acaricides Market – By Mode of Action:
Global Acaricides Market – By Region:
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.
KEY MARKET PLAYERS:
The major key players operating in this market are 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.
FAQ's
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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