The Global Acaricide Market is forecast to be worth US$ 399.8 million by 2032, up from US$ 262.4 million in 2022 and the forecast period achieves a CAGR of 4.3%. In agriculture and livestock, acaricides and acaricides are practical pesticides to prevent disease and protect livestock and crops.
A growing population, shrinking arable land, and a drive towards environmentally responsible agriculture are all contributing to the increase in the use of miticides worldwide. Acaricides are pesticides that kill ticks and mites and help animals gain immunity against various infectious diseases. Acaricides work by interfering with the nerves, muscles, respiration, and growth of mites and ticks.
Cattle farmers need to use acaricides to prevent tick infestation and injury to animals. Losses due to tick infestations can be considerable and ticks cause paralysis and physical damage to cattle. Some acaricides might be toxic to fish and other wildlife and have to be applied cautiously to prevent damage to the ecosystem.
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A large variety of diseases are transmitted by ticks that severely affect livestock. Major diseases transmitted by ticks include theileriosis, heartwater, anaplasmosis, and babesiosis. In order to stop the transmission of diseases, ticks need to be killed before they feed on vulnerable animals and transmit diseases to other organisms.
Use of chemical acaricides is the most common and effective method of killing ticks. Emerging economies such as Asia pacific, Latin America, and Eastern Europe represent major markets for acaricides due to high cattle farming in these regions.
The rising population is triggering high demand for agricultural output and meat consumption globally. Growth in crop and meat consumption is further expected to boost the global acaricides market over the forecast period of 2016-2026.
Drivers and Restraints
Emerging markets such as Brazil, India, and China, with rapidly growing populations and faster economic growth, have steadily increased their meat as well as crop/ grain consumption. The increase in consumption of meat is expected to be a major driver for acaricides market growth globally.
The rising demand for dairy products and new developments in the crop industry is also among the key driving factors for the acaricides market.
However, certain species of ticks and mites have developed resistance to acaricides, which poses certain limitations to acaricides market growth. High raw material costs and various stringent government regulations are also expected to hamper the growth of the acaricides market over the forecast period.
Regional Outlook
Regionally, the acaricides market is segmented into seven key regions namely- North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East & Africa, and Japan. Emerging economies of Asia Pacific, Latin America, and Eastern Europe are expected to represent the fastest growth in the global acaricides market.
China and India are major consumers of acaricides due to intensive cattle farming. The use of acaricides to control ticks growth has improved the viability of cattle farming in these countries. In contrast, demand for acaricides in North America, Western Europe, Japan, and South Korea will be moderate due to market maturity and already high use rates.
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Market Players
Some of the key players included in this study of the global acaricides market are Bayer AG, Syngenta, Monsanto, DuPont, BASF SE, The Dow Chemical Company, Makhteshim, Nufarm, Sumitomo Chemicals, and Arysta Lifescience.
Acaricide Market Segmentation
The Acaricides market is segmented on the basis of type, application, mode of application and region.
On the basis of type, the acaricides market is segmented into the following segments:
- Natural
- Arsenicals
- Chlorinated hydrocarbons
- Organo-phosphorous compounds
- Others
On the basis of application, the acaricides market is segmented into the following segments:
- Animal husbandry
- Agriculture
- Others
On the basis of the mode of application, the acaricides market is segmented into the following segments:
- Dipping vat
- Spray
- Spray race or Spray dip machine
- Hand dressing
- Others
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The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies..
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