The global acaricide market is forecasted to be appraised at USD 422.2 million by 2033, up from USD 271.8 million in 2023. The demand for acaricides is anticipated to advance at a CAGR of 4.5% during the forecast period.
In agriculture and animal husbandry, acaricides and miticides are practical pesticides for preventing disease and protecting livestock and crops. A growing population, shrinking farmland, and a push for environmentally responsible agriculture all contribute to the worldwide increase in the adoption of acaricides.
Ixodicides, which are used to kill ticks, are sometimes referred to as acaricides. New growth opportunities for the global acaricide industry are expected to emerge in the coming years due to rising agricultural output in several regions.
| Attribute | Details |
|---|---|
| Acaricide Market Size (2023) | USD 271.8 million |
| Acaricide Market Size (2033) | USD 422.2 million |
| Acaricide Market CAGR | 4.5% |
Acaricides are becoming increasingly popular because of the efficiency and convenience with which they eliminate mites and ticks, thereby protecting livestock and agricultural crops. The rising demand and consumption scenario is expected to propel global demand for acaricides. Acaricide market expansion is aided by several factors, but others, such as strict regulations could hamper it.
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Three acaricide market trends projected to significantly impact the future global market have been identified in this backdrop.
Many well-established companies have stepped up their research and development efforts on acaricides for use in farming, animal husbandry, and the home. As per the acaricide market study, because of the dangers they pose to humans, non-target organisms, and the environment, many nations have outlawed the adoption of specific acaricides.
To lessen the toxicity and make the acaricides biodegradable, suppliers highlight organic ingredients' presence. These acaricides are harmless to humans and other animals. Many companies have released their wares to the public; some examples are abamectin, fenazaquin, spiromesifen, reapproximate, and hexythiazox. Due to the toxicity of the current acaricides, a need to find alternatives is being established.
Acaricides are used in agriculture, animal husbandry, and household applications. However, their toxic effects on animals, humans, and the environment led to their prohibition. Some plant oils act as pest repellents and affect the host, which includes animal skin, plants, and others.
Natural insect repellents derived from plants present a less hazardous option. Since organic products used in acaricides are biodegradable and environmentally safe, the use of bioactive acaricides is expected to increase.
Wild animals suffer from ticks and mites. Acaricides are used by many wildlife organizations to prevent the spread of diseases that ticks and mites can cause to wild animals in wildlife sanctuaries.
The primary wildlife preservation authorities typically manage ticks and mites through biological means. For example, some rhinos and warthogs use mud wallows and rubbing posts to eliminate ticks and mites. Wild animals are a food source for ticks and mites. Demodectic mange and tularaemia are just two of the skin diseases it can bring on. In addition, scabies is more common in wild animals than in domestic ones. This is increasing the acaricide market share.
Farmers worldwide are adopting modern agricultural techniques to boost per-hectare output, raising pesticide demand. Intensive farming involves increasing and mechanizing agriculture to maximize yields by using acaricides and miticides. These measures assist in meeting rising food demand and avert food shortages. Monoculture drives the acaricide market. Monoculture depletes the soil's nutrients and makes it dependent on pesticides like acaricide by growing one crop over a large region.
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When a pesticide such as an acaricide is put to the surface, it travels by air, soil, or water. This can reduce pest control, pollute surface and groundwater, and harm non-target creatures, including humans. Acaricide may induce acute and chronic harmful health effects months or years after exposure.
Acute effects include stinging eyes, blindness, blisters, nausea, rashes, disorientation, diarrhea, and death. Detrimental effects such as these on humans and the environment are likely to hinder the acaricide market expansion.
Organophosphorus acaricides were most popular in 2021. Organophosphorus compounds contain phosphorus. As a pest control alternative to chlorinated hydrocarbons, they're widely used. Organophosphates are effective pesticides. These compounds are employed in many pesticides, including those sprayed on food crops.
Some pesticides kill insects by blocking acetylcholinesterase, such as diazinon. Damage to this enzyme, which regulates nerve signals, kills pests. Therefore, increasing demand for organophosphorus is expected to boost the acaricide market over the forecast period.
Agriculture held the most significant proportion of the acaricide market in 2021 and is expected to rise 4.1% during the forecast period. Agricultural acaricides and miticides kill mites and ticks. Acaricides are used to protect crops and ornamentals from phytophagous mites. Cattle farmers use acaricides to prevent tick infestation and damage.
Ticks transmit theileriosis, heartwater, anaplasmosis, and babesiosis. Therefore, ticks must be destroyed before they feed on vulnerable animals and spread diseases. Chemical acaricides are the best way to kill ticks. With rising demand from the agriculture sector, the acaricides market is likely to increase.
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North America owned 14.0% of the acaricide market. The growing need for pesticides in expanding economies like the United States, Canada, and Mexico drives regional demand for acaricide. In addition, North America's market is rising quickly, notably in agriculture, due to the increased use of crop protection agents to reduce tick- and mite-borne diseases. This sector's growth is driven by the crop protection business and rising demand for crops and animal feed.
North America is a significant acaricide consumer. In addition, agriculture is one of the largest markets for acaricides and one of the fastest growing. Because of these properties, demand for acaricide is expected to rise.
Information Asymmetry may be resolved if the Value Chain is Digitized
The acaricides market is consolidated, with a few major players holding the majority of the market share. Product innovation in the market is accelerating, with a focus on increasing retail availability of various acaricide products.
Envisioning a future of the acaricide market in which digital platforms enable full transparency and traceability across the food value chain, enabling value chain actors to more easily buy and sell to one another, compare prices, and review and rate suppliers has become much more plausible lately.
If an online agribusiness marketplace connects buyers and sellers of farm equipment, insurance, farmland, tools, and vehicles, this environment may result in the development of online trading platforms for agricultural products, which is expected to rely on virtual currency and financial technology firms to facilitate the buying and selling of agricultural inputs.
The new global trends are likely to merge to create a more comprehensive and inclusive environment in the acaricide market.
Recent Developments
Strategic Developments by Key Acaricide Market Participants
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.5% from 2023 to 2033 |
| The base year for estimation | 2023 |
| Historical data | 2018 to 2022 |
| Forecast period | 2023 to 2033 |
| Quantitative units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors and trends, Pricing Analysis |
| Segments Covered | Type, Application, Mode, and Region. |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia, and New Zealand |
| Country scope | United States; Canada; Mexico; Germany; United Kingdom; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; United Arab Emirates; Iran; South Africa |
| Key companies profiled | Bayer AG, Syngenta, Monsanto, DuPont, BASF SE, The Dow Chemical Company, Makhteshim, Nufarm, Sumitomo Chemicals, and Arysta Lifescience. |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The projected CAGR of the acaricide market by 2033 is 4.5%.
The projected market value for 2033 is USD 422.2 million.
The market is estimated to secure a valuation of USD 271.8 million in 2023.
The key consumer of the acaricide market is the agricultural industry.
The North America market is growing remarkably fast in the acaricide market due to the need to control pests in agriculture.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Natural 5.2. Arsenicals 5.3. Chlorinated hydrocarbons 5.4. Organo-phosphorous compounds 5.5. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Animal husbandry 6.2. Agriculture 6.3. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Mode 7.1. Dipping vat 7.2. Spray 7.3. Spray race or Spray dip machine 7.4. Hand dressing 7.5. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Bayer Ag 18.2. Syngenta 18.3. Monsanto 18.4. Dupont 18.5. Basf Se 18.6. The Dow Chemical Company 18.7. Makhteshim 18.8. Nufarm 18.9. Sumitomo Chemicals 18.10. Arysta Lifescience 19. Assumptions & Acronyms Used 20. Research Methodology
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Acaricide Market
