Global Acaricides Market: Overview
Acaricides are pesticides which kill members of the arachnid that include mites and ticks. Some acaricides include synthetic pyrethroids, chlorinated hydrocarbons, carbamates, arsenical, and organophosphates. They can be used in various applications such as medicine, agriculture, and others. The level of toxicity may differ according to their use in the application. Acaricides are of different types depending on the percentage of chemicals concentration used such as tin, chlorine, phosphorous, and zinc. These are produced by naturally occurring raw materials such as neem, clove, and spoiled corn. These naturally produced acaricides are less toxic compared to chemically derived acaricides. Organochlorine and organophosphorus fall under chemically derived acaricides.
Global Acaricides Market: Segmentation
The global acaricides market is segmented on the basis of application as animal husbandry, home, and agriculture. Of these, the agriculture sector is the dominating application segment that accounted for the largest market chunk. However, animal husbandry is growing significantly in the global acaricides market. Acaricides are also used in home applications to kill mites and ticks. The global market is further bifurcated based on the mode of action as hand dressing, dipping vat, spray, and others.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Acaricides Market: Growth Factors
Increasing use of acaricides to restrict the growth of mites and ticks is anticipated to boost the global acaricides market in the near future. Growing awareness of acaricides in order to prevent crops and animals from diseases is expected to boost the global market growth. Increasing use of acaricides to restrict cattle form tick-borne diseases also results in higher milk production. This is also increasing the demand in the global market. Major driving factors of the global acaricides market are increase in productivity of agriculture industry, demand for livestock, and livestock. Increasing use of acaricides in the medicines and fertilizers is anticipated to increase demand in the near future. However, strict government regulations and high cost may hinder the global acaricides market growth to some extent.
Global Acaricides Market: Regional Analysis
North America holds the largest market share in the global acaricides market. Spain is a major consumer of insecticide and is expected to witness high growth in near future. Poland also consumes the huge amount of acaricides and insecticides every year; this in turn positively impacts the global acaricides market growth. Large agricultural and animal sector in this region will open up new opportunities in future. The increasing population which leads to higher demand for food products in North America is projected to propel the global acaricides market growth worldwide.
Global Acaricides Market: Competitive Players
The major industries operating in the global acaricides market include Merck & Co., Inc., Nissan Chemical Industries. Ltd., Bayer AG, Arysta LifeScience Limited, and BASF SE. Other key players in the global market are Chemtura Corporation, DuPont, The Dow Chemical Company, FMC Corporation, and Syngenta.
Global Acaricides Market: Regional Segment Analysis
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