Acaricides - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Acaricides Market is accounted for $289.40 million in 2020 and is expected to reach $504.73 million by 2028 growing at a CAGR of 7.2% during the forecast period. Increasing demand for meat, dairy products, and crops and development in the crop protection industry is driving the market growth. However, the rising cost may hamper the market growth.
Acaricides are pesticides that help to maintain the health of the crops and animals and protect them from diseases across agriculture and animal husbandry.
Based on type, the organophosphorus compounds segment is going to have lucrative growth during the forecast period. They are mainly used in pest control. Some of its compounds are highly effective insecticides. These chemicals account for a large amount of all insecticides used in different countries, including those used in food crops.
By geography, North America is going to have high growth during the forecast period due to the increasing usage of crop protection chemicals to control the spread of tick and mite-borne diseases. The increase in demand for animal feed and crops is the key factor of this sector. The North American region is one of the major consumers of acaricides. It is also one of the fastest-growing markets.
Some of the key players profiled in the Acaricides include Arysta Lifescience, BASF SE, Bayer AG, Chemtura Corporation, Dow Chemical Company, Dupont, FMC Corporation, Indofil Industries Limited, Merck & Co., Inc., Nissan Chemical Industries, Ltd., PI Industries, Syngenta AG, and Tata Chemicals Limited.
Estimated Market Size in 2020:
USD 289.40 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 504.73 million
Tables, Graphs & Figures
Type, Mode of Action, Application, Sales Channel and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Organophosphorus Compounds
• Natural Sources
• Carbamate Miticides
• Plant Derivatives
• Synthetic Pyrethroids
• Chlorinated Hydrocarbons
• Formamidine Miticides
• Antibiotic Miticides
Mode of Actions Covered:
• Dipping Vat
• Hand Dressing
• Spray Race or Spray Dip Machine
• Animal Husbandry
• Household Applications
Sales Channels Covered:
• Direct Sales
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Acaricides Market is majorly driven by increase in productivity of agriculture industry, increasing demand of the natural products, and adoption of modern agriculture techniques.
The agriculture segment is growing at a highest CAGR due to the growing demand for acaricides in crop protection and adoption of acaricide products like acaricide spray.
North America dominated with a significant market share due to the increasing usage of crop protection chemicals and increase in demand for crops and animal feed in the region.
Asia Pacific market is growing at a highest CAGR owing to the expansion of agriculture and animal husbandry sectors.
Key players in Acaricides Market include Arysta Lifescience, BASF SE, Bayer AG, Chemtura Corporation, Dow Chemical Company, Dupont, FMC Corporation, Indofil Industries Limited, Merck & Co., Inc., Nissan Chemical Industries, Ltd., PI Industries, Syngenta AG, and Tata Chemicals Limited.
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