Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 327.4 million | USD 436.2 million | 4.9% | 2021 |
FrequentlyAsked Questions
One of the main factors driving the global acaricides market is the expanding demand for acaricides from the crop protection industry. The global acaricides market is expanding due to rising demand for meat and dairy products, changing dietary preferences, and the increasing need to preserve crops.
According to the report, 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, along a compound annual growth rate (CAGR) of roughly 4.9 percent over the forecast period.
North America held the greatest proportion with a market share of 37% for acaricides 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.
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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