Acaricides Market Outlook
Acaricides are chemical substances specifically designed to target and control mites and ticks, which are arachnid pests that can damage crops, animals, and even humans. The acaricides market is a segment of the broader agrochemicals industry and is influenced by factors such as agricultural practices, pest prevalence, technological advancements, and regulatory policies.The global Acaricides Market is accounted to register a CAGR of 5.20% during the forecast period and is estimated to reach USD 0.63 Billion by 2032.
Segment Analysis
The global Acaricides Market has been segmented based Product, Application Type, and mode of application.
The Acaricides market segmentation, based on Product, includes Organophosphorus Compounds, Carbamates, Plant Derivatives, and Others. Organophosphorus Compounds segment dominated the market in 2022. Organic compounds with phosphorus are known as organophosphorus compounds. As an alternative to chlorinated hydrocarbons that linger in the environment, they are largely utilised in insect management. Some of the chemicals made of organophosphorus are powerful pesticides. These substances make up a sizable fraction of all pesticides applied globally, including those applied to food crops.
The Acaricides market segmentation, based on Application Type, includes Agriculture, Animal Husbandry, Industrial, and Others. Agriculture segment dominated the Acaricides market in 2022. Acaricides and miticides for agriculture are insecticides used to eradicate mites and ticks. Acaricides are used in crop protection techniques to combat phytophagous mites, which are pests that harm agricultural crops and ornamental plants economically. Additionally, cattle farmers employ acaricides to prevent tick infestation and animal harm. Major diseases that are spread by ticks include theileriosis, heartwater, anaplasmosis, and babesiosis.
The Acaricides market segmentation, based on Mode of Application, includes Hand dressing, Spraying, Dipping, and Others. Spraying segment dominated the market in 2022. As part of the spray application process, liquid acaricides are sprayed into plants, crops, or other locations where mites and ticks are present. Spraying can be done with handheld devices, tractors attached with sprayers, or aerially for larger areas. This method, which is often used in both agricultural and non-agricultural contexts, allows for broad coverage.
Regional Analysis
The global Acaricides Market, based on region, has been divided into North America, Europe, Asia-Pacific and Rest of the World. The North America Acaricides Market dominated this market in 2022 (45.80%). The rising demand for pesticides in developing nations like the U.S., Canada, and Mexico is a major factor driving acaricide demand in the region. Due to the increased use of crop protection chemicals to stop the spread of diseases carried by ticks and mites, the market in North America is expanding at an amazing rate, particularly in agriculture. Further, the U.S. Acaricides market held the largest market share, and the Canada acaricides market was the fastest growing market in the North America region. Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe Acaricides market is expected to register significant growth from 2023 to 2032. The acaricides market is developed and regulated throughout Europe. The region has rigorous regulatory frameworks for pesticide registration and use as a result of its significant emphasis on consumer and environmental safety. A growing emphasis on sustainable agriculture has led to widespread promotion and adoption of integrated pest management techniques. A need for acaricides with an organic certification is growing as organic farming methods gain popularity. Further, the German Acaricides market held the largest market share, and the U.K Acaricides market was the fastest growing market in the European region
The Asia Pacific Acaricides market accounted for the healthy market share in 2022. The sector is driven by the need to control acarid pests in a range of products, including cotton, fruits, vegetables, cereals, and cotton. In this sector, integrated pest management techniques and sustainable agriculture are also given priority. Moreover, China’s Acaricides market held the largest market share, and the Indian Acaricides market was the fastest growing market in the Asia-Pacific region.
Key Findings of the Study
The global Acaricides Market is expected to reach USD 0.63 Billion by 2032, at a CAGR of 5.20% during the forecast period.
The Asia Pacific Acaricides market accounted for the healthy market share in 2022. The sector is driven by the need to control acarid pests in a range of products, including cotton, fruits, vegetables, cereals, and cotton. In this sector, integrated pest management techniques and sustainable agriculture are also given priority.
The Acaricides market segmentation, based on Product, includes Organophosphorus Compounds, Carbamates, Plant Derivatives, and Others. Organophosphorus Compounds segment dominated the market in 2022.
BASF SE, Arysta LifeScience, Bayer AG, DuPont, FMC Corporation, Chemtura Corporation, Merck & Co., Inc., Nissan Chemical Industries, Ltd., Syngenta AG, Indofil Industries Limited, NIHON NOHYAKU CO., LTD., Tata Chemicals Limited, ACARICIDE INDIA PRIVATE LIMITED, PI Industries, and NIPPON SODA CO., LTD.
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