Acaricides Market Size, Share, Growth Report, Forecast To 2030

Acaricides Market Size:

The global acaricides market size was worth USD 327.4 million in 2021 and is estimated to grow to USD 436.2 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.9 percent over the forecast period. The report analyzes the acaricides market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the acaricides market.

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Acaricides Market: Overview

Chemicals called acaricides are used to eradicate ticks and mites. Additionally, they help to increase productivity by maintaining the health and disease-free status of the crops and animals. Some acaricides contain carbamates, arsenic, synthetic pyrethroids, chlorinated hydrocarbons, and organophosphates. Several varieties of acaricides exist depending on the proportion of various chemicals, including chlorine, zinc, phosphorous, and tin. Acaricides can also be produced using natural ingredients, including damaged corn, clove, and neem.

These acaricides that are created naturally tend to be less harmful. Acaricides made from chemicals typically contain organochlorine and organophosphorus. The use of acaricides is expanding due to their effectiveness and simplicity in eliminating mites and ticks, which protects cattle and agricultural products. With their quickly expanding populations and swifter economic development, emerging markets like Brazil, India, and China have progressively expanded their crop/grain and meat consumption. The growth of the global acaricides market is anticipated to be significantly influenced by the rise in meat consumption. Acaricides Market is hampered by the high cost of raw materials and stringent government regulations.

COVID-19 Impact:

Lockdowns were implemented all across the world as a result of the COVID-19 outbreak, disrupting the supply chain. The outbreak brought about global shutdowns due to the rise in infections, labor scarcity, and facility closures. These elements contributed to the poor output of agrochemicals, such as acaricides. As a result, the pandemic indirectly affected the availability of acaricides globally.

Key Insights

• As per the analysis shared by our research analyst, the global acaricides market value is expected to grow at a CAGR of 4.9% over the forecast period.
• In terms of revenue, the global acaricides market size was valued at around USD 327.4 million in 2021 and is projected to reach USD 436.2 million by 2028.
• Productivity growth, advancements in the crop protection sector, and rising global demand for agricultural and animal products all serve as market-stimulating factors.
• By type, the organophosphorus category dominated the market in 2021.
• By application, the agriculture category dominated the market in 2021.
• North America dominated the global acaricides market in 2021.

Global Acaricides Market: Report Scope:

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Acaricides Market: Growth Drivers

Increasing crop productivity will drive the growth of the market

The need to feed a constantly expanding population, dwindling arable land, and increased demand for sustainable agricultural techniques are some key factors driving the increase in demand for acaricides or miticides. Crop production is expected to quadruple over the following few years to satisfy demand from the expanding population, which would lead to an increase in the use of acaricides. Technology will undoubtedly play a significant part in creating acaricide products, as is envisaged. Farmers are encouraged to use efficient crop protection strategies by rising urbanization and decreased access to fertile land. Pesticides can have disastrous effects that greatly diminish or even destroy subsequent crops. As a result, farmers all over the world frequently use acaricide as a control measure to get rid of undesirable effects. Since crop yield is rising, it is also important to protect the crops against pests and plant diseases. As a result, it is predicted that acaricide demand will increase during the projection period.

Acaricides Market: Restraints

Different acaricide effects would impact market growth

Unfortunately, when a pesticide, like an acaricide, is sprayed to the surface, it moves through the air, soil, or water outside of its designated region of usage. This may result in less effective pest management, surface & groundwater pollution, and harm to organisms other than the intended target, such as people. Acaricide can have both acute or short-term negative health consequences and chronic, or long-term, negative health impacts, which can happen months or years after exposure. Acute health impacts include stinging eyes, blindness, blisters, nausea, rashes, disorientation, diarrhea, and even death. Therefore, additional barriers to the growth of the global acaricide market will be created by the different negative effects of acaricides on humans and the environment.

Acaricides Market: Segmentation

The global acaricides market has been segmented into type, application, mode of application, and region.

Based on type, the worldwide acaricides market is segmented into organochlorine, organophosphorus, natural, and others. In 2021, organophosphorus compounds held the biggest market share for acaricides. Organic compounds with phosphorus are known as organophosphorus compounds. As an alternative to chlorinated hydrocarbons that linger in the environment, they are largely utilized 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.

Based on application, the global acaricides market is segmented into agriculture, animal husbandry, industrial, and others. The agriculture industry dominated the market for acaricides in 2021. Acaricides and miticides for agriculture are insecticides used to eradicate mites and ticks. Acaricides are used in crop protection techniques to combat phytophagous mites and pests that economically harm crops and ornamental plants.

Based on mode of application, the worldwide acaricides market is segmented into spray, dipping vat, hand dressing, and others. In 2021, the spray segment dominated the market. Agriculture is expanding, which is driving up demand for equipment with specialized uses. Spray pumps are the tools that satiate all these requirements because there are numerous industrial applications where pesticides, fungicides, nutrients, and insecticides are employed for safety. The spray pump's characteristic trait is its great efficiency and pressure stability.

Recent Developments

• In February 2020, Oroganic, a new insecticide/acaricide from Oro Agri, was introduced at HortiContact in Gorinchem, the Netherlands. It is a phytosanitary preparation with insecticidal, acaricidal, and fungicidal qualities made from orange oil that is 6 percent. It effectively and sustainably combats illnesses and pests like powdery mildew, mildew, or thrips. Vegetables, top fruits, and vines were among the numerous crops on which the product was permitted.

Acaricides Market: Regional Landscape

North America dominated the acaricides market in 2021

North America held the greatest proportion with a share of 37% for the global acaricides market in 2021. 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. With 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. The main growth drivers of this industry are the expansion of the crop protection sector and the rise in demand for crops & animal feed. In terms of volume, the North American region is one of the biggest acaricide consumers. Agriculture is one of the main uses for acaricides in the country, making it one of the markets with the quickest growth. As a result of these properties, it is projected that demand will rise during the forecast period.

Acaricides Market: Competitive Landscape

Some of the main competitors dominating the global acaricides market include- Arysta Lifescience, BASF SE, Bayer AG, Chemtura Corporation, Dupont, FMC Corporation, Merck & Co., Inc., Nissan Chemical Industries, Ltd., Syngenta AG, and the Dow Chemical Company.

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Global Acaricides Market is segmented as follows:

By Type

• Organochlorine
• Organophosphorus
• Natural
• Others

By Application

• Agriculture
• Animal Husbandry
• Industrial
• Others

By Mode Of Application

• Spray
• Dipping vat
• Hand dressing
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa