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Acaricides - Global Market Trajectory & Analytics

  • ID: 4845704
  • Report
  • April 2021
  • Region: Global
  • 289 pages
  • Global Industry Analysts, Inc
Global Acaricides Market to Reach $423.2 Million by 2027

Amid the COVID-19 crisis, the global market for Acaricides estimated at US$299.5 Million in the year 2020, is projected to reach a revised size of US$423.2 Million by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Organochlorine Acaricides, one of the segments analyzed in the report, is projected to record a 5.9% CAGR and reach US$119.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Organophosphorus Acaricides segment is readjusted to a revised 5.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $81.1 Million, While China is Forecast to Grow at 7.8% CAGR

The Acaricides market in the U.S. is estimated at US$81.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$87.8 Million by the year 2027 trailing a CAGR of 7.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Natural Sources Acaricides Segment to Record 4.1% CAGR

In the global Natural Sources Acaricides segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$51.3 Million in the year 2020 will reach a projected size of US$66.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$56.3 Million by the year 2027, while Latin America will expand at a 5.1% CAGR through the analysis period.

Select Competitors (Total 46 Featured):
  • BASF SE
  • Bayer AG
  • DowDuPont, Inc.
  • FMC Corporation
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Acaricides: Vital for Controlling Ticks and Mites
  • Acaricides Market: Growing Need to Control Ticks and Mites in Crops and Livestock Fuels Growth
  • Agriculture and Animal Husbandry: Major Application Markets for Acaricides
  • Asia-Pacific: A Lucrative Market for Acaricides
  • Acaricides Market by Type
  • Competition
  • Exhibit 1: Global Acaricides Market: Percentage Breakdown of Sales by Leading Players for 2018
  • Need to Reduce Production Losses due to Tick-Borne Diseases Drives Growth in the Global Acaricides Market
  • Economic Burden of Tick Attacks on Livestock: Significance of Acaricides
  • Increasing Livestock Production amidst Growing Demand for Meat Products Translates - A Positive Scenario for Acaricides
  • Exhibit 2: Production Growth of Meat by Type of Meat - Percentage Growth Rate (%) of Production for Sheep Meat, Poultry, Pigmeat and Beef & Veal for the Period 2015 through 2025
  • Agricultural Acaricides Market: Increase in Tick and Mite Attacks Fuels Growth
  • Increasing Incidence of Mite Attacks on Crops and Need to Reduce Losses Sustains Market Growth
  • A Glance at Select Crop Mites
  • Ban on Few Acaricides Affects Market
  • Emerging Trends to Positively Influence Acaricides Market
  • Resistance to Acaricides - A Key Concern
  • Product Overview
  • Introduction to Ticks
  • Acaricides: A Definition
  • Recent Industry Activity
  • Chengdu Newsun Crop Science Introduces PLACARY Acaricide
  • Global Lyme Alliance Partners with Manus Bio to Expedite Development of Nontoxic Acaricide
III. MARKET ANALYSIS
  • North America: An Insight into Acaricides Market
  • Asia-Pacific: A High Growth Acaricides Market
  • Acaricides Market in Latin America - An Overview
  • Argentina Imposes Ban on Dichlorvos-based Acaricides
IV. COMPETITION
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown
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