Acaricides Market Analysis By Chemical Types (Organophosphates, Carbamates, Organochlorines, Pyrethrins, Pyrethroids, Others), By Mode of Action (Spray, Dipping, Hand Dressing, Others), By Applications (Agriculture, Animal Husbandry, Industrial, Others) & Forecast By 2033
- PUBLISHED ON
- 2023-06-09
- NO OF PAGES
- 256
- CATEGORY
- Chemicals & Materials
The global market for Acaricides estimated at USD 299.5 Million in the year 2022, is projected to reach a revised size of USD 407.9 Million by 2033, growing at a CAGR of 5.1% over the analysis period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 299.5 million |
Market Forecast in 2033 | USD 407.9 million |
CAGR % 2023-2033 | 5.1 % |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Platform Specialty Products; BASF SE; Bayer AG; Chemtura Corporation; FMC Corporation;Merck & Co., Inc; Nissan Chemical Industries, Ltd; Syngenta AG; The Dow Chemical Company; Chemtura Corporation; Indofil Industrie Limited; Sumitomo ChemicalsADAMA Ltd; Nufarm; Others |
Global Acaricides Market: Description
The global acaricides market refers to the market for pesticides or chemical agents specifically designed to control or eliminate mites and ticks, collectively known as acarids. Acarids are small arachnids that can cause significant damage to crops, livestock, and humans. They are known to spread diseases, damage plants, and cause skin irritations and allergic reactions in humans and animals. Acaricides are used in various industries, including agriculture, animal health, and public health. In agriculture, acaricides are used to protect crops from mite and tick infestations, which can reduce yield and quality. They are applied through sprays, dusts, or granules to control acarids and prevent crop damage.
Acaricides play a crucial role in public health by controlling acarids that pose a threat to human health. For example, they are used to combat ticks that carry Lyme disease or mites that cause scabies. Public health interventions involving acaricides aim to reduce the transmission of diseases and prevent infestations in residential areas, recreational areas, and public spaces.
The global acaricides market is influenced by factors such as the prevalence of acarid-related problems, agricultural practices, animal husbandry practices, and public health concerns. The market includes a range of acaricide products offered by various manufacturers and suppliers. These products may contain different active ingredients and formulations to target specific acarid species and provide effective control. Regulatory frameworks and guidelines play a crucial role in the acaricides market to ensure the safe and responsible use of these chemicals. Governments and regulatory bodies establish standards for product registration, labelling, and maximum residue limits to protect human health and the environment.
Global Acaricides Market: Key Trends
• Growing Demand for Integrated Pest Management (IPM):
There is an increasing emphasis on integrated pest management practices, which combine multiple control methods, including acaricides, to manage acarid populations. IPM focuses on reducing chemical inputs, promoting biological control, and implementing cultural and mechanical measures to minimize the reliance on acaricides and mitigate the development of resistance.
• Rising Adoption of Environmentally Friendly Acaricides:
There is a growing demand for environmentally friendly and sustainable acaricide solutions. Consumers and regulatory bodies are increasingly concerned about the potential impacts of chemical pesticides on human health and the environment. This has led to the development and adoption of bio-based and organic acaricides derived from natural substances, such as botanical extracts, microbial agents, and pheromones.
Global Acaricides Market: Segmental Analysis
The major chemical types of acaricides are:
• Organophosphates
• Carbamates
• Organochlorines
• Pyrethrins
• Pyrethroids
• Others
On the basis of its mode of action:
• Spray
• Dipping
• Hand Dressing
• Others
Based on the applications:
• Agriculture
• Animal Husbandry
• Industrial
• Others
Global Acaricides Market: Geographical landscape
North America: North America, comprising the United States and Canada, is a significant market for acaricides. The region has a well-established agricultural sector and is home to leading agricultural companies. The demand for acaricides in North America is driven by the need to protect crops, livestock, and public health from acarid infestations and diseases. Additionally, there is a growing trend towards sustainable and organic farming practices, which has led to an increased demand for environmentally friendly acaricides.
Europe: Europe is another major market for acaricides. Countries like Germany, France, the United Kingdom, and Spain have a strong presence in the agricultural industry and are significant consumers of acaricides. The region has a well-developed regulatory framework governing the use of pesticides, including acaricides, to ensure product safety and environmental protection. The trend towards sustainable agriculture and integrated pest management practices is driving the demand for targeted and environmentally friendly acaricides in Europe.
Asia Pacific: The Asia Pacific region is witnessing significant growth in the acaricides market. Countries such as China, India, Japan, and Australia have large agricultural sectors and a high prevalence of acarid infestations. The rising population, increasing food demand, and growing awareness of crop protection have fueled the demand for acaricides in the region. Additionally, the presence of key agricultural economies and the adoption of modern farming practices contribute to the growth of the market in Asia Pacific.
Middle East & Africa: The Middle East and Africa region also contribute to the global acaricides market. Countries like South Africa, Egypt, Nigeria, and Saudi Arabia have agriculture-based economies and face challenges related to acarid infestations. The demand for acaricides in the region is driven by the need to protect crops, livestock, and public health from acarids. Additionally, there is a growing focus on food security and the adoption of modern agricultural practices, which boosts the market for acaricides.
Global Acaricides Market: Impact of COVID
The pandemic resulted in a shift in consumer demand and priorities. While the demand for acaricides in agriculture remained significant, there were fluctuations in demand due to changes in crop production, reduced market access, and financial constraints faced by farmers. Some farmers had to reduce their planting areas or change cropping patterns, leading to variations in the use of acaricides. Classified agriculture and related activities as essential services to ensure food security. This classification allowed for the continued production and distribution of acaricides to support crop protection. However, governments also implemented regulations and guidelines to ensure the safety of agricultural workers, impacting the use of acaricides and agricultural practices.
The economic impact of the pandemic affected farmers' purchasing power and investment decisions. Some farmers faced financial challenges due to disruptions in markets, reduced export opportunities, and labor shortages. As a result, there may have been adjustments in input usage, including acaricides, as farmers prioritized essential inputs and cost optimization. The limitations on physical interactions and movement prompted the adoption of digital solutions in agriculture, including the use of online platforms for purchasing inputs. Farmers and agricultural suppliers increasingly turned to e-commerce platforms and digital marketplaces to buy and sell acaricides. This shift towards digital channels may have long-term implications for the distribution and marketing of acaricides.
Global Acaricides Market: Key Companies
• Platform Specialty Products
• BASF SE
• Bayer AG
• Chemtura Corporation
• FMC Corporation
• Merck & Co., Inc.
• Nissan Chemical Industries, Ltd.
• Syngenta AG
• The Dow Chemical Company
• Chemtura Corporation
• Indofil Industrie Limited
• Sumitomo Chemicals
• ADAMA Ltd
• Nufarm
• Others
Global Acaricides Market: Regional Scope
North America
• U.S
• Canada
• Mexico
Europe
• U.K
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• Chain
• India
• Japan
• South Korea
• Australia
• Rest of Asia pacific
South America
• Brazil
• Argentina
• Rest of south America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
Why to buy this Report?
• Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of the market they are operating in or considering entering, and make more informed decisions based on data and analysis.
• Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in the market.
• Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
• Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
}})
Select a license type that suits your business needs
US $4250
Only Four Thousand Two Hundred Fifty US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $5250
Only Five Thousand Two Hundred Fifty US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $6250
Only Six Thousand Two Hundred Fifty US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI