Market Overview:

Acaricides are pesticides which are employed to kill acari like ticks and mites. They are used in agriculture and medicine, where the desired level of toxicity differs as per their applications in both fields. There are several kinds of acaricides, depending on the concentration of different chemicals like chlorine, zinc, phosphorus, and tin. Acaricides are also made from natural raw materials like clove, spoiled corn, and neem.

Acaricides Market had a market value of USD 258.84 Million in 2020 and is forecasted to exhibit a CAGR of 5.4% and reach USD 336.69 Million by 2024.

Market drivers and restraints:

The rising incidences of pest infestation and losses owing to ticks and mites have boosted the call for acaricides. The requirement for the rise in productivity due to food safety and development in the crop protection business has driven the market for acaricides across the world. Furthermore, bioactive acaricides have opened vast opportunities for manufacturers. Nevertheless, stringent regulations and the increasing price of the products are the critical restraining issues for the market.

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Report segmented as:

By type:

• organophosphorus compounds
• carbamates
• plant derivatives
• others

By mode of application:

• hand-dressing
• spraying
• dipping
• others

By application:

• agriculture
• animal husbandry
• industrial
• others

Geographical analysis:

Geographically, the global acaricides market has been segmented with regards to four major regions—North America, Europe, Asia-Pacific, and the rest of the globe. The increasing demand for food production across all these regions is estimated to encourage the demand for acaricides in the coming years.

Important market players:

The major players operating in the global acaricides market include BASF SE (Germany), Arysta LifeScience (Japan), Bayer AG (Germany), DuPont (US), FMC Corporation (US), Chemtura Corporation (US), Merck & Co., Inc. (US), Nissan Chemical Industries, Ltd. (Japan), Syngenta AG (Switzerland), Indofil Industries Limited (India), NIHON NOHYAKU CO., LTD. (Japan), Tata Chemicals Limited (India), ACARICIDE INDIA PRIVATE LIMITED (India), PI Industries (India), NIPPON SODA CO., LTD.(Japan).

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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