Acaricides Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2024-2030

Acaricides Market Overview

Acaricides Market is forecast to reach $438.8 million by 2030, after growing at a CAGR of 4.4% during 2024-2030. Acaricides or miticides are pesticides that help to maintain the health of the animals and crops and protect them from diseases across agriculture and animal husbandry. Globally, some of the key drivers of the rising demand for Acaricides are the need to feed an ever-growing population, declining arable land, and increasing demand for sustainable agricultural practices. Also, often the term ixodicides are referred to as Acaricides that are used against ticks. Furthermore, with the increasing agriculture productivity in various regions, the global Acaricides industry is anticipated to create new growth opportunities in the forecast period.

An emerging trend in the global Acaricides market is the increasing demand for bio-based and environmentally friendly Acaricides. With sustainability becoming a central focus in agriculture, there is a notable shift towards eco-friendly pest control solutions. Bio-based Acaricides, derived from natural sources, are gaining prominence due to their lower environmental impact and reduced harm to non-target organisms. This trend is in alignment with the rising agriculture productivity in various regions, indicating a broader industry shift towards sustainable and responsible pest management practices. The adoption of bio-based Acaricides not only addresses environmental concerns but also strategically positions the Acaricides industry to capitalize on the growing demand for sustainable agricultural solutions, thus creating new growth opportunities in the forecast period.

Acaricides Market Impact of Covid-19

The COVID-19 pandemic and the subsequent halt in manufacturing activities had impacted the supply availability of various pesticides in the year 2020. Furthermore, disruptions in trade had gravely affected the availability of Acaricides in import-dependent countries. Consequently, this led to a decline in the Acaricides market growth.

Report Coverage

The report: “Acaricides Market Report – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Acaricides Market.

By Type: Organophosphorus Compounds, Carbamate, Arsenicals, Natural Sources, and Others

By End Use: Agriculture, Animal Husbandry, Industrial, Domestic (Households), and Others

By Geography: North America (U.S, Canada, and Mexico), Europe (U.K., Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)

Key Takeaways

• The growing need to improve crop productivity and the growing crop protection industry will drive demand growth for the market for agricultural Acaricides over the forecast period.

• The increasing demand for dairy products and new developments in the crop sector are also key drivers of the market for Acaricides.

• Mites are important pests in agriculture, not only because of the damage they cause to crops themselves but also because of their role as vectors of viral diseases. Acaricides are crop protection chemicals that are used to control mites. 

Acaricides Market Segment Analysis - By Type

Organophosphorus Compounds held the largest share in the Acaricides market in 2023. Organophosphorus compounds are organic compounds that contain phosphorus. They are primarily used in pest control as an alternative to chlorinated hydrocarbons that persist in the environment. Some of the organophosphorus compounds are highly effective insecticides. These chemicals account for a large proportion of all insecticides used in different countries, including those used in food crops. Organophosphate insecticides (such as diazinon) are one type of pesticide that works by damaging an enzyme called acetylcholinesterase in the body of the pest. This enzyme is critical for the control of nerve signals in the body, thus, damage to the enzyme kills the pests. Thus, due to such properties, the growing demand for Organophosphorus will raise the market demand for Acaricides in the forecast period.

Acaricides Market Segment Analysis - By End-Use

The agriculture sector held the largest share in the Acaricides market in 2023 and is projected to grow at a CAGR of 4.1% during the forecast period 2024-2030. Agricultural Acaricides or miticides are pesticides that are used for killing mites and ticks in agriculture. Acaricides are used in crop protection practices against phytophagous mites, pests that cause economic damage to agricultural crops and ornamental plants. Also, Acaricides is used by cattle farmers to avoid tick infestation and animal injury. Theileriosis, heartwater, anaplasmosis, and babesiosis are major illnesses transmitted by ticks. Ticks need to be killed in order to stop the transmission of diseases before they feed on vulnerable animals and transmit diseases to other organisms. The most common and effective method of killing ticks is the use of chemical Acaricides. Therefore, with the growing agriculture sector, the demand for the Acaricides market is expected to grow in the forecast period.

Acaricides Market Segment Analysis - By Geography

North America held the largest share in Acaricides market in 2023. The demand for Acaricides in the region is majorly driven by the growing demand for pesticides in emerging economies, like the U.S., Canada, and Mexico. The market in North America is growing at an impressive rate, especially in agriculture, due to the increasing usage of crop protection chemicals to control the spread of tick and mite-borne diseases. The development of the crop protection industry and the increase in demand for crops and animal feed are the key growth drivers of this sector. North America region is one of the largest consumers of Acaricides, in terms of volume. It is also one of the fastest-growing markets, with agriculture being one of the largest applications in terms of demand for Acaricides nationwide. The demand is therefore anticipated to increase in the forecast period because of these properties.

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Acaricides Market Drivers

Need For Increasing Crop Productivity

Some of the main drivers of rising demand for Acaricides or miticides are the need to feed an ever-growing population, decreasing arable land, and increasing demand for sustainable agricultural practices. Over the next few years, crop production is likely to double in order to meet demand from the growing population, which in turn would increase the use of Acaricides. Certainly, it is expected that technology will play a major role in the production of Acaricides products. Increased urbanization and less access to arable land are motivating farmers to adopt effective techniques for protecting crops. Pesticides can have devastating results that can significantly reduce or even destroy future crops. Thus, farmers around the world are constantly using Acaricides as a control measure to eliminate unwanted impacts. According to the United Nations Food and Agriculture Organization, if farmers avoid adopting methods of crop defence, they will lose about 40 percent of the crop immediately because of pests and plant diseases. Thus, with the increasing crop productivity, it is necessary to protect the crops from such pests and plant diseases as well. Due to which the demand for Acaricides is estimated to rise in the forecast period.

Productive Farming Techniques

Modern agricultural techniques are being adopted by farmers worldwide to improve productivity per hectare, driving pesticide demand. Intensive farming is a method for intensifying and mechanizing agriculture aimed at optimizing yields from the land available by means such as heavy use of Acaricides or miticides. These strategies help to meet the increasing food demand from the rising population and to avoid food shortages. The market for Acaricides is driven by intensive agricultural techniques, such as monoculture. Monoculture is the practice of intensively growing one form of the crop over a wide area, depleting the soil's nutrients and making it highly dependent on pesticides such as Acaricides.

Acaricides Market Challenges 

Various Effects of Acaricides will Affect the Market Growth

Unfortunately, when a pesticide such as an Acaricides is applied to the surface, it travels outside its intended area of use by air, soil, or water. This can contribute to decreased control of pests, surface water and groundwater pollution, and damage to non-target organisms, including humans. Acaricides may also cause adverse health effects, known as acute effects, in the short term, as well as chronic adverse effects that may occur months or years after exposure. Stinging eyes, blindness, blisters, nausea, rashes, dizziness, diarrhea, and death are all examples of acute health effects. The various harmful effects of Acaricides on humans and the environment will therefore further create obstacles for the Acaricides market growth.

Acaricides Market Industry Outlook

Product launches, acquisitions and R&D activities are key strategies adopted by players in the Acaricides market. The key players in the Acaricides market include

1. Bayer AG
2. Syngenta
3. BASF SE
4. Corteva
5. FMC Corporation
6. UPL
7. Nissan Chemical Industries Ltd.
8. Adama Agricultural Solutions Ltd.
9. Nufarm
10. Indofil Industries Limited

Recent Developments

• In August 2023, Syngenta revolutionized the Acaricides market with VERDAVIS® and SPONTA®. These innovations, driven by PLINAZOLIN® Technology, promise efficient shock control for soybeans and corn and heightened control against pests in cotton. This recent breakthrough reshapes the Acaricides market, offering optimized operations and effective pest management.

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