Market Overview
Acaricides are used in agriculture and animal protection against ticks and mites. They are protective measures and helps in promoting the health and growth of animals and crops. Their vast usage in agricultural and animal husbandry will benefit the global acaricides market to grow at nearly 05% annual rate. Increasing population is increasing demand for meat and dairy products which is accounting towards healthy growth of this market. Also, the availability of new varieties of acaricides is boosting the market growth. Pest control is also driving the market due to increasing attacks, vast damages and losses in the result. Food safety is a matter of concern, to enhance this the acaricides are helping in increasing agricultural production. Ticks are responsible for transmissions of several diseases like heartwater, babesiosis and others to the animals and killing them. For effective measures against the ticks and controlling spread of deadly diseases, use of chemical acaricides is the best measure available.
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Key Players
BASF SE (Germany), Arysta LifeScience (Japan), Bayer AG (Germany), DuPont (US), FMC Corporation (US), Chemtura Corporation (US), Merck & Co., Inc. (US), Nissan Chemical Industries, Ltd. (Japan), Syngenta AG (Switzerland), Indofil Industries Limited (India), NIHON NOHYAKU CO., LTD. (Japan), Tata Chemicals Limited (India), ACARICIDE INDIA PRIVATE LIMITED (India), PI Industries (India) and NIPPON SODA CO., LTD.(Japan)
Market Segment
There are three segments to Global Acaricides Market: Type-based: Natural sources, carbamate, organochlorine, arsenicals and organophosphorus are some types of acaricides.
Application-based: Acaricides are used in agriculture, animal husbandry, pest control and other fields.
Regional Analysis
Europe, America, Asia Pacific, Asia Pacific and The Middle East & Africa are the four major regions observed for the global acaricides market.
Europe and The Asia Pacific regions are the fastest growing regions in the current era. There is a large land cover dependent on cattle, increasing population leading to increased meat demands and consumptions. In developing nations, increased awareness about better options available in the market for growth and sustainability of animals and crops is the main driving reason for rising demands. Developing and emerging economies like India, Japan and China are the new favourites among industries due to high consumption and availability of cheaper resources and labour. Agricultural practising due to fertile landscapes and tropical climates have increased the usage to gain better results in terms of production and profits.
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