The Global Acaricide Market is expected to grow at a compound annual growth rate of 5.47% over the forecast period to reach a market size of US$440.19 million in 2027, up from US$303.113 million in 2020. There is an imperative need for the elimination of rodents, pests, and other harmful organisms from food, agricultural land, industries, and other sectors. There has been significant development and innovation of different types of pesticides, in the past few decades. Acaricides are one class of pesticides that are widely used in the agricultural field, industries, and other related sectors. They are the chemicals, that are used in the elimination of mites and termites. There is another type of pesticide called “Ixodicides,” which is sometimes related to acaricides, as they are both used in the killing of ticks. There are different types of pesticides that are available on the market. Some of them are carbamates, organophosphorus, pyrethroids, formamidines, Fipronil, and others. The synthetic type of pyrethroids is one of the most effective and safest pesticides and is extensively used in the elimination of ticks. Fipronil is also registering a substantial demand as it is used against pests and ticks. Several methods are used to eliminate ticks from livestock and other types of animals. The dipping method is widely popular as it is more convenient and easier. People working in the dairy or agricultural field, which also contains livestock animals, usually follow this straightforward and uncomplicated approach of dipping pets and livestock into a pesticide bath. The term is also known as cattle dip when it is used for cattle. But there are limitations to this specific method, as ticks often take refuge and shelter in the ears, inside the toes, or near the tail, and continue to grow and expand their numbers. Then, the spray method is used. Acaricide chemicals can be delivered through motorized or manual sprays, that cover every part of an animal’s body.
The acaricide chemicals are mixed with liquid or talc and are deposited or applied directly onto the animal’s coat or fur. There are other innovative solutions to achieve long-lasting effects. Plastic collars are widely used to protect pets and livestock. The collars are incorporated and dipped in acaricide, which gives effective and long-lasting protection to the animal's skin from ticks and other detrimental organisms. Major companies and institutions have invested a considerable sum of capital into the development of environmentally friendly and non-contaminated solutions for pest and tick control. Dipping and spraying events use chlorinated hydrocarbon and arsenical chemicals, which are often contaminated and lead to various environmental problems. Herbal and other methods are becoming popular, as there have been significant developments happening in their respective fields. Although there are various environmental effects of using contaminated acaricides, the market will continue to prosper at a substantial rate.
Ticks have become a menace and a major problem for livestock and pet owners. Despite the presence of various types of acaricides, ticks continue to pose significant challenges in the animal husbandry industry. There has been a dearth of knowledge and skills regarding the usage of acaricide chemicals. Many farmers and livestock owners use substandard tick control methods, which leads to the development of resistance to acaricide chemicals, by different types of parasites. Ticks are responsible for health and nutrient deficiency in an animal. It also leads to the growth of various tick-borne diseases and problems, damage to skin, abortions, and the death of valuable cattle or herds. The treatment to remove and cure diseases related to ticks is considered excessive, which creates a difficult economic and financial situation for the farmers or other respective owners. Some of the common diseases developed by ticks are babesiosis, anaplasmosis, and East Coast Fever. ECF is a dangerous disease that spreads to both hybrid and indigenous cattle and leads to the development of tick colonies in those animals. Anaplasmosis is spread by blue ticks and leads to dehydration and high fever in animals. According to the Food and Agriculture Organisation, 80% of the global cattle population has tick infestation and there are substantial economic losses from that. The global impact has been around USD 7.3 per year. The cattle tick causes widespread financial and economic losses in the Brazilian cattle industry, which have been around USD 3.24 billion annually.
There have been substantial developments in the acaricide market in the past few years. Some of the developments are:
Covid-19 had a negative impact on the global acaricide market. Amid the global pandemic, the rise in infected cases, social distancing measures, and lockdown led to partial or complete closure of production facilities and reduced staffing. This resulted in the supply and demand chain gap, thereby slowing the market growth.
|Market size value in 2020||US$303.113 million|
|Market size value in 2027||US$440.19 million|
|Growth Rate||CAGR of 5.47% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments covered||Type, Method, Applications, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Bayer AG, Nichino Europe Co. Limited, Seipasa, PI Industries Ltd., ORO AGRI Group, SAL Business Corporation (P) Ltd|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the acaricide market?
A1. The acaricide market is expected to grow at a CAGR of 5.47% over the forecast period.
Q2. What will be the acaricide market size by 2027?
A2. The global acaricide market is expected to reach a total market size of US$440.19 million by 2027.
Q3. What is the size of the global acaricide market?
A3. Acaricide Market was valued at US$303.113 million in 2020.
Q4. Who are the major players in the acaricide market?
A4. Prominent key market players in the acaricide market include Bayer AG, Nichino Europe Co. Limited, Seipasa, PI Industries Ltd., ORO AGRI Group, and SAL Business Corporation (P) Ltd, among others.
Q5. How is the global acaricide market segmented?
A5. The global acaricide market has been segmented by type, method, applications, and geography.
Nichino Europe Co. Limited
PI Industries Ltd.
ORO AGRI Group
SAL Business Corporation (P) Ltd
Syngenta International AG
Nissan Chemical Industries Ltd
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