Latin America Acaricides Market size was valued at USD 50.40 million in 2021 and is expected to reach USD 75.27 million by 2028, at a CAGR of 5.5% during the forecast period 2022-2028. 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. this report studies Latin America market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, The Latin America Market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Latin America Market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
Fastest Growing Market
DRIVERS : Adoption of newer acaricides and change in farming practices. Expansion of business by market players RESTRAINTS : Lack of awareness about acaricides in underdevelopment countries. Adverse effects associated with the acaricides due to presence of toxic content. Availability of alternative products
2021 is the base year and 2028 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.