Acaricides Market Analysis

Acaricides Market Overview

Acaricides Market Size was valued at USD 0.4 Billion in 2023. The Acaricides market industry is projected to grow from USD 0.42 Billion in 2024 to USD 0.63 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.20% during the forecast period (2024 - 2032). Due to rising health consciousness and understanding of the rapid pace of climate change, and the expansion of the organic food sector, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Acaricides Market Trends

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  Increasing demand for organic food is driving the market growth

  
  

The sector for organic foods is expanding as a result of rising health consciousness and understanding of the speedy effects of climate change. Additionally, a number of businesses are concentrating on research and development (R&D) as well as the introduction of fresh, cutting-edge items for the industry's expansion. The market is expanding as a result of the increased demand for dairy products. The industry's expansion is further aided by the soaring demand for sustainable developments. To fight key concerns like poverty, the UN also suggests sustainable agriculture and raising production. The rise of industry is also being fueled by the emergence of a strong agricultural sector. Along with decreasing the amount of arable land available, rising urbanisation has also increased demand for a number of organic food products. The crop protection industry is expanding as a result of the nearly exponential population growth in numerous nations, including China and India, in order to fulfil the increased need for food. The Food and Agricultural Organisation (FAO) emphasised once more how crucial it was to effectively control diseases and stop their spread in order to advance agriculture and boost output. Significant scientific and technological developments in the pesticides industry are also a factor in the expansion of the acaricides market.

The need to feed a constantly expanding population, dwindling arable land, and increased demand for sustainable agricultural practises are some of the key factors driving the increase in demand for acaricides or miticides. In order to meet the demand from the expanding population over the next several years, Mode of Application will probably double, which will lead to an increase in the use of acaricides. Technology will undoubtedly play a significant part in the creation of acaricide products, as is envisaged. Farmers are being encouraged to use efficient crop protection strategies by rising urbanisation and decreased access to fertile land. Pesticides can have disastrous effects that greatly diminish or even completely destroy subsequent crops. As a result, farmers all over the world frequently use acaricide as a control measure to get rid of undesirable effects. The United Nations Food and Agriculture Organisation estimates that if farmers don't apply crop protection strategies, they will lose roughly 40% of their harvest right away to pests and plant diseases. As a result, it is predicted that acaricide demand will increase during the projection period. Thus, driving the Acaricides market revenue.

Acaricides Market Segment Insights

Acaricides Product Insights

The Acaricides market segmentation, based on Product, includes Organophosphorus Compounds, Carbamates, Plant Derivatives, and Others. Organophosphorus Compounds segment dominated the market in 2022. Organic compounds with phosphorus are known as organophosphorus compounds. As an alternative to chlorinated hydrocarbons that linger in the environment, they are largely utilised 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.

Acaricides Application Type Insights

The Acaricides market segmentation, based on Application Type, includes Agriculture, Animal Husbandry, Industrial, and Others. Agriculture segment dominated the Acaricides market in 2022. Acaricides and miticides for agriculture are insecticides used to eradicate mites and ticks. Acaricides are used in crop protection techniques to combat phytophagous mites, which are pests that harm agricultural crops and ornamental plants economically. Additionally, cattle farmers employ acaricides to prevent tick infestation and animal harm. Major diseases that are spread by ticks include theileriosis, heartwater, anaplasmosis, and babesiosis.

Acaricides Mode of Application Insights

The Acaricides market segmentation, based on Mode of Application, includes Hand dressing, Spraying, Dipping, and Others. Spraying segment dominated the market in 2022. As part of the spray application process, liquid acaricides are sprayed into plants, crops, or other locations where mites and ticks are present. Spraying can be done with handheld devices, tractors attached with sprayers, or aerially for larger areas. This method, which is often used in both agricultural and non-agricultural contexts, allows for broad coverage.

Figure 1: Acaricides Market, by Mode of Application, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Acaricides Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Acaricides Market dominated this market in 2022 (45.80%). 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. Due to 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. Further, the U.S. Acaricides market held the largest market share, and the Canada Acaricides market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  Acaricides Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Acaricides market is expected to register significant growth from 2024 to 2032. The acaricides market is developed and regulated throughout Europe. The region has rigorous regulatory frameworks for pesticide registration and use as a result of its significant emphasis on consumer and environmental safety. A growing emphasis on sustainable agriculture has led to widespread promotion and adoption of integrated pest management techniques. A need for acaricides with an organic certification is growing as organic farming methods gain popularity. Further, the German Acaricides market held the largest market share, and the U.K Acaricides market was the fastest growing market in the European region

The Asia Pacific Acaricides market accounted for the healthy market share in 2022. The sector is driven by the need to control acarid pests in a range of products, including cotton, fruits, vegetables, cereals, and cotton. In this sector, integrated pest management techniques and sustainable agriculture are also given priority. Moreover, China’s Acaricides market held the largest market share, and the Indian Acaricides market was the fastest growing market in the Asia-Pacific region.

Acaricides Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Acaricides market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Acaricides Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Acaricides Industry to benefit clients and increase the market sector. In recent years, the Acaricides Industry has offered some of the most significant advantages to medicine. Major players in the Acaricides market, including BASF SE, Arysta LifeScience, Bayer AG, DuPont, FMC Corporation, Chemtura Corporation, Merck & Co., Inc., Nissan Chemical Industries, Ltd., Syngenta AG, Indofil Industries Limited, NIHON NOHYAKU CO., LTD., Tata Chemicals Limited, ACARICIDE INDIA PRIVATE LIMITED, PI Industries, and NIPPON SODA CO., LTD., are attempting to increase market demand by investing in research and development operations.

BASF SE (BASF) is a company that produces chemicals. It manufactures, markets, and sells chemicals, polymers, crop protection products, and performance items. The company's product line includes solvents, adhesives, surfactants, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. The company works with a wide range of industries, including those related to building, woodworking, agriculture, electronics and electrical, paints and coatings, transportation, home care, nutrition, and chemicals. In partnership with international customers, partners, and researchers, BASF carries out R&D. The company's operations are supported by a network of production facilities. It can be found all over the world, including in North America, Europe, Asia, South America, Africa, and the Middle East. The BASF corporate headquarters are in Ludwigshafen, Germany. The innovative acaricide Nealta, developed by BASF in 2020, is based on the brand-new active ingredient cyflumetofen, which is derived from the separate group of insecticides known as Group 25.

Agrochemical products made by Oro Agri are designed to increase yields and maintain crop fertility. Development of agricultural surfactants, bio-pesticides, plant nutrition products, liquid foliar fertilisers, and soil conditioners for domestic, commercial, and industrial use are among the company's activities. At HortiContact in Gorinchem, Netherlands, Oro Agri introduced Oroganic, a brand-new insecticide/carcinogen. It is a phytosanitary preparation having insecticidal, acaricidal, and fungicidal qualities made from 6% orange oil. It effectively and sustainably combats illnesses and pests like powdery mildew, mildew, or thrips. Vegetables, top fruits, and vines were among the numerous sorts of crops on which the product was permitted for usage.

Key Companies in the Acaricides market include.

• BASF SE


• Arysta LifeScience


• Bayer AG


• DuPont


• FMC Corporation


• Chemtura Corporation


• Merck & Co., Inc.


• Nissan Chemical Industries, Ltd.


• Syngenta AG


• Indofil Industries Limited


• NIHON NOHYAKU CO., LTD.


• Tata Chemicals Limited


• ACARICIDE INDIA PRIVATE LIMITED


• PI Industries


• NIPPON SODA CO., LTD.

Acaricides Industry Developments

January 2019: Polithiol and Vondozeb for fruit plants were introduced by UPL Spain. Vondozeb is a potent fungicide, while Polithiol is a potent acaricide and insecticide with anti-cryptogamic properties.

Acaricides Market Segmentation

Acaricides Product Outlook

• Organophosphorus Compounds


• Carbamates


• Plant Derivatives


• Others

Acaricides Application Type Outlook

• Agriculture


• Animal Husbandry


• Industrial


• Others

Acaricides Mode of Application Outlook

• Hand Dressing


• Spraying


• Dipping


• Others

Acaricides Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  

• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  

• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  

• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America