Market Research Report
Global Acaricides Market - Growth, Trends and Forecasts (2017 - 2022)
|Published by||Mordor Intelligence LLP||Product code||389143|
|Published||Content info||168 Pages
Delivery time: 2-3 business days
|Global Acaricides Market - Growth, Trends and Forecasts (2017 - 2022)|
|Published: June 8, 2017||Content info: 168 Pages||
Pesticides that are applied for killing ticks and mites are termed as acaricides. Acaricides are one of the major pesticide types that are applied in the field to increase productivity by keeping animals and crops healthy and disease-free. Including agriculture, these products have varied applications, within which, the desired selective toxicity level differs. The global acaricides market is estimated to grow at a CAGR of 5.4% during the 2015-2020 forecast period.
Acaricides are known for controlling arthropod pests. These pests can cause huge loss to the agriculture and animal husbandry industry. The increasing occurrence of these pests has led to the growth of the acaricides industry worldwide. Factors that act as driving force for the industry are- increasing need of agricultural productivity, the globally growing crop protection market, and the growing demand for crop and animal based products. The high raw material cost and stringent regulations on chemical pesticides application in the fields are seen as the major hindrances for market growth here.
The market is further explained on the basis of product type, application category and geographical reach etc. Number of acaricide products is available with different level of concentrations of chemicals like chlorine, zinc, phosphorus, tin etc. Organophosphorous and pyrethroids are competing for the major share among the product type, due to wide applications and target specific mode of action. Natural toxic substances like, clove, neem etc. are also used. These natural source acaricides are gaining popularity these days.
Region wise, Asia-Pacific is the largest consumer of acaricides worldwide, followed by the European countries. These two regional markets constitute around 54% of the global share. China, followed by India, is estimated to be the largest market in Asia-Pacific. The market is growing at a steady pace throughout all the regions due to the continuous and increasing incidence of tick and mite-borne diseases.
Intensive focus on research and development activities in order to provide new and innovative products in the market is the major strategy, followed by companies worldwide for the growth of this segment. Major companies active in global place are Bayer AG, BASF, Syngenta, Arysta Lifesciences etc.