Global Agricultural Acaricides Market - Segmented by Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)
Agricultural acaricides are the pesticides in the agriculture industry which are used to kill pests and mites. The agricultural industry in Asia-pacific is evolving rapidly, and China and India are the major consumers of acaricides. As of 2016, Asia-pacific has been dominating the market with a share of 37%, followed by North America and Europe. Over the past few decades, there has been a constant increase in the number of synthetic acaricides being demanded in the market. In Europe, out of total plant production products, Insecticides and acaricides have a share of 5%.
Increased Incidence of Pests Drives the Market
The significant driving component which builds the base for the utilization of acaricides is the progress taking place in agriculture production and the related activities. About 13.8% of the losses in agriculture are due to the damage caused by insects and mites, and therefore an increased demand for acaricides is expected in the foreseeable future. In order to increase production in Japan, acaricides are combined with different chemical structures to improve pest management. Similarly, in several Integrated Pest Management Programs in North America, acaricides are used especially for apples, pears, and peaches.
Bans on Agricultural Acaricides in Emerging Countries Restraining the Market
China is the world's largest pesticide producer and also one of the biggest customers for the same. However, numerous farmers are lacking information with regard to the judicious use of pesticides and other chemicals including acaricides and this causes extreme abuse of such chemicals. Subsequently, China's farmlands and products are facing extreme harm, which the administration tries to stop by getting strict on pesticides controls and application. Endosulfan, an acaricide insecticide, which is known for its acute toxicity, was prohibited by the Stockholm Convention during 2012 for overall utilization, which was allowed to be used up to five more years of use under specific restrictions. India also banned the production, distribution, and use of endosulfan in 2016.
Major Players: ARYSTA LIFE SCIENCE, BAYER AG (GERMANY), DOW AGROSCIENCES, AND NISSAN CHEMICAL INDUSTRIES LTD. (JAPAN), among others
Reasons to Purchase this Report
To have an understanding of the fastest growing regions in the agricultural acaricides market and their growth trends during the forecast period
The report outlines drives, restraints, and trends that are currently effecting the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The report covers in-detail insights about the competitors overview, company share analysis
Identify the latest developments, market shares, and strategies employed by the major market players.
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