Id: CBI_2217 | Pages: 247 | Format : PDF | Published : | Author : Consegic Business Intelligence | Category : Agriculture & Animal Feed
Acaricides Market size is growing with a CAGR of 5.1% during the forecast period (2025-2032), and the market is projected to be valued at USD 533.74 Million by 2032 from USD 360.27 Million in 2024.
Acaricide is a chemical or biological agent that is mainly developed to control and eradicate ticks and mites. The chemical offers enhanced properties that consists of systematic action where these agents are absorbed by the plants and eventually kills mites that are feeding on it, contact toxicity, and ovicidal activity. The advantages offered by these agents include protection of crops from the loss of yield, improving livestock health, and preventing the spread of tick-borne diseases. The type of the agents mainly consists of synthetic and biobased. The mode of application for these agents are spraying, injections, and others. These agents find their applications in agriculture, wood preservation, veterinary medicine, and others.
Organisms such as ticks majorly cause irritation and blood loss in animals. They serve as a vector for serious conditions such as Lyme disease, babesiosis, theileriosis, and anaplasmosis, and others. Acaricides are majorly used for protection of livestock from the infestation of ticks, mainly by direct application of the agent. These agents effectively control tick infestation which helps to maintain the health of the animal and improve productivity. Additionally, various manufacturers and researchers are developing novel acaricides with enhanced formulations that effectively eradicate ticks.
For instance,
Thus, as per the market analysis, the development of enhanced formulations for the treatment of tick infestation in livestock is driving the acaricides market growth.
The rise in the expansion of agricultural land has led to the rise of crop production and various agricultural practices. This rise poses higher risk of infestation of pests which generally includes mites and ticks that cause substantial damage to crop. The rise in the total cropped area has led to the incorporation of acaricides to protect the crops from tick and mites and ensure higher yield.
For instance,
Thus, the rise in agricultural practices and cropped areas leads to market growth.
Stringent regulatory standards imposed by government bodies worldwide pose significant constraints in the Acaricides market. These regulations, designed to protect the environment and public health, increase production costs and slow down product development. They aim at ensuring the safe and responsible use of these agents, which eventually minimizes the risk to human health and the environment. Compliance with these regulations increases the cost of product development and testing. Moreover, evolving federal regulations speed up annual compliance and operating costs throughout agricultural industry supply chains. This deters the innovation and limit the availability of effective and affordable products. Thus, based on the market analysis, the impact of these stringent regulations on the acaricides market expansion is multifaceted.
Traditional acaricides requires regular reapplications which is necessary because of their short residual activity. This causes inconvenience and leads to the rise in the risk of contamination in the environment. Advancements and innovations in the delivery and formulation of these agents have led to the development of product that offers enhanced residual activity. These long-residual agents provide effective and long protection against ticks and mites. They reduce the frequency of application which minimizes the negative impact on the environment.
For instance,
Thus, innovations in the formulations are creating lucrative acaricides market opportunities.
Based on type, the market is categorized into synthetic and biobased.
Trends in the Type:
The synthetic segment accounted for the largest acaricides market share in 2024.
The synthetic segment is further classified into organophosphates, pyrethroids, neonicotinoids, organochlorines, and others.
The biobased segment is expected to grow at the fastest CAGR over the forecast period.
The biobased segment is categorized into microbial, botanical, and others.
Based on the mode of application, the market is categorized into spraying, injection, others
Trends in Mode of Application:
The spraying segment accounted for the largest market share in the year 2024.
The injection segment is expected to grow at the fastest CAGR over the forecast period.
Based on applications, the market is categorized into agriculture, wood preservation, veterinary medicine, and others
Trends in the Application:
The agriculture segment accounted for the largest market share of 56.77% in the year 2024.
The veterinary medicine segment is expected to grow at the fastest CAGR over the forecast period.
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
In 2024, Aisa Pacific accounted for the highest market share at 40.12% and was valued at USD 144.54 Million and is expected to reach USD 198.27 Million in 2032. In Asia Pacific, China accounted for the highest market share of 37.11% during the base year of 2024. Asia Pacific dominates the global acaricides market, primarily due to the rapidly accelerating agricultural practices in countries such as China, India, and South Korea. The increasing livestock populations leads to a rise in concerns related to the spread of diseases that are caused because of the infestation of ticks.
The regions consist of a landscape that is favorable for agricultural practices and climatic conditions that makes the crops susceptible to various mite and tick infestations. Manufacturers are developing novel solutions that effectively eradicate infestation of pests.
For instance,
Thus, based on the acaricides market analysis, this in turn, is driving the demand for effective acaricide solutions in this region.
North America is experiencing the fastest growth with a CAGR of 6.9% over the forecast period. The use of acaricides in the North America region is characterized by the focus on sustainable solutions and innovation. The market in this region is influenced by the rise in the prevalence of tick-borne disease in animals. Additionally, the rise in the demand for organic and sustainable agricultural practices is influencing the use of acaricides in this region. The Key player present in the North America region mainly includes numerous multinational companies and smaller regional players that focus on the research and development of novel solutions that offer effective solutions against ticks and mites.
Europe presents a significant contribution to the Acaricides market analysis. The European agricultural market is mature, creating constant requirements for agricultural solutions. Additionally, factors that include stringent environmental regulations increase focus on agricultural efficiency. European consumers are environmentally conscious, which is driving requirements for sustainable products. Agricultural manufacturers are responding by incorporating sustainable practices into their production processes, including the use of eco-friendly solutions. European manufacturers and suppliers are at the forefront of technological advancements in preparation of insecticides which further drive the marker trajectory across the region. The regulatory landscape creates potential for the development of sustainable and innovative solutions that adhere to the stringent requirements presented by the government present in this region.
The Middle East and Africa (MEA) region is witnessing notable Acaricides market demand characterized by significant potential. The MEA regions are experiencing rapid industrialization and urbanization, driving significant rises in the agricultural sector. The region is experiencing major development which is driven by awareness about the zoonotic diseases and expanding agricultural activities. Additionally, innovation in spray technology in this region enhances efficacy and reduces the environmental impact of acaricide solutions. In Africa, the focus on the preservation of wood is widely used to protect timber wood from decay and infestation of pests. Thus, as per the market analysis, the aforementioned factors are influencing the acaricides market in the coming years.
Latin America is an emerging region in the Acaricides market share, with significant potential for innovation. The Latin American agriculture sector is experiencing a significant trajectory, driven by increasing disposable incomes, government initiatives, and rising requirements for sustainable solutions. This trend has led to a corresponding increase in the need for these agents that are naturally sourced. Additionally, rapid urbanization and infrastructure development are driving the need for efficient acaricide solutions. The rise in livestock management leads to the requirement of veterinary medicine. This analysis presents a substantial potential for manufacturers and suppliers to capitalize on this burgeoning market and contribute to the region's market demand.
The Acaricides market is highly competitive with major players providing precise products to the national and international markets. Key players are adopting several strategies in research and development (R&D) and product innovation to hold a strong position in the global Acaricides market. Key players in the Acaricides industry include-
Product Launch:
Report Attributes | Report Details |
Study Timeline | 2019-2032 |
Market Size in 2032 | USD 533.74 million |
CAGR (2025-2032) | 5.1% |
By Type |
|
By Mode of Application |
|
By Application |
|
By Region |
|
Key Players |
|
North America | U.S. Canada Mexico |
Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
Middle East and Africa | GCC Turkey South Africa Rest of MEA |
LATAM | Brazil Argentina Chile Rest of LATAM |
Report Coverage |
|
In 2024, the Acaricides market is USD 360.27 Million.
North America is the fastest-growing region in the Acaricides market.
Type, Mode of application, and Application segmentation details are covered in the Acaricides market.
BASF SE (Germany), Bayer AG (Germany), and CERTIS BELCHIM (United States) are some of the major players in the market.