Acaricides Market size was estimated at USD 310.6 million in 2022, and is poised to grow at a significant CAGR of 6.2% from 2023-2029. Acaricides are the chemical substances that are used to kill the arachnids majorly ticks and mites. Most commonly used arachnids include organophosphates, chlorinated organic compounds, arsenical, synthetic pyrethroids, and carbamates. Increase in the infestation from ticks, mites, and pests are causing health hazards to human which leads to rise in disease burden. These acaricides have ability to control the ticks on livestock and agricultural pests. These can be applied by various methods such as spray, dipping vat, and host of application. Acaricides also used in the animal husbandry to prevent mange, scab, demodicosis, and scabies caused by mites and ticks. Key drivers ae Increase in the agriculture production around the world coupled with rise in infestation from ticks and mites and Rise in R&D activities for the innovation of newer products.Impact of Covid-19 on Acaricides Market In the year 2020, the COVID-19 epidemic and consequent suspension in industrial operations had an influence on pesticide supply availability. Furthermore, trade disruptions have a significant influence on the supply of acaricides in nations that rely on imports. As a result, the expansion of the acaricide market has slowed.
Fastest Growing Market
Drivers are Increase in agriculture production around the world coupled with rise in infestation from ticks and mites, Rise in R&D activities for the innovation of newer products, Rise in livestock industries and increase in the preference for healthy meat and other livestock products. Restraints are Stringent regulatory guidelines for the product approval, Adverse effects associated with the acaricides due to presence of toxic content, High cost of acaricides and availability of alternative products.
2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.