Acaricides Market - Global Insights, Growth, Size, Comparative Analysis, Trends, Technology Status, Demands, Segmentation and Forecast to 2023.
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Additionally, rising demand for agricultural products such as fruits, vegetables, cereals, and pulses is projected to drive the growth of the global Acaricides market over the forecast period.
Acaricides are a class of pesticides, which are used in the agricultural sector to restrict the attack of arachnid on the agricultural produce. Apart from the agriculture, Acaricides are increasingly used in the animal husbandry. Growing demand for food grains coupled with the shrinking farmland is expected to drive the demand for Potato protein. Most commonly used Acaricides include organ chlorine, organ phosphorus, natural Potato protein, and others.
Acaricides help in improving agricultural productivity by restricting the growth of arachnids such as ticks and mites. Additionally, increased demand for Acaricides for adequate disease control support and increased crop productivity has uplifted the global Acaricides market. Moreover, high acceptance of modern farming techniques among the crop cultivators is adding fuel to the growth of Acaricides market. Additionally, rising demand for agricultural products such as fruits, vegetables, cereals, and pulses is projected to drive the growth of the global Acaricides market over the forecast period.
Key manufacturers are emphasizing on the new product development in order to enhance the customer base. Apart from that, the key players are promoting their products through advertisements in television and social media, which, in turn, escalates the Acaricides demand. The global Acaricides market is expected to grow at a CAGR of 5.4% during the forecast period 2017-2023.
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Some of the key players profiled in the global Acaricides market: E. I. du Pont de Nemours and Company (U.S.), Chemtura USA Corp. (U.S.), FMC Corporation (U.S.), Arysta Life Science Corporation (Japan), Bayer Aktiengesellschaft (Germany), BASF SE (Germany), Nissan Chemical Industries, Ltd. (Japan), Syngenta AG (Switzerland), The Dow Chemical Company (U.S.), and Merck & Co., Inc. (U.S.)
The Asia Pacific region is dominating the global Acaricides market
Acaricides have a massive opportunity in the pesticide industry
Raw material suppliers
Retailers and wholesaler
Traders, importers, and exporters
On the basis of the type, it is segmented into organ chlorine, organ phosphorus, natural, and others. Among all, the organ phosphorus Acaricides segment is dominating the market followed by organ chlorine. Organ phosphorus Acaricides are rich in phosphorous content and are also highly effective against arachnids.
On the basis of the application, it is segmented into agriculture, animal husbandry, and others. Among all, the agriculture segment is dominating the market. Growing demand for fruits, vegetables, cereals, and other agricultural products among the rising population is expected to surge the growth of this segment over the review period.
The global Acaricides market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The Asia Pacific region is leading the global Acaricidesmarket followed by Europe. India and China are the major contributors to the growth of Acaricidesmarket in this region. Furthermore, high demand for agricultural products from the farmers is considered to be the key driving factor in the Asia Pacific market. Additionally, regulatory approval for the use of Acaricideson agricultural products for crop protection is projected to raise the growth of the Acaricidesmarket.
However, the European region is expected to witness a significant growth during the forecast period. European countries like Germany, France, and the U.K, is projected to boost the growth of the Acaricidesmarket during the review period. However, stringent environmental regulations in the developed economies of North America and Europe region are expected to restrain the market growth in these regions.
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|Date:||Aug 19, 2019|
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