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Acaricides Market Size (2024 - 2029)

The South America Acaricides Market is anticipated to grow steadily, driven by the need to address food demands from a growing population, reduced arable land, and concerns over adverse climatic conditions. The prevalence of tick-borne diseases affecting livestock, which primarily feed on cereals, underscores the reliance on chemical acaricides as an effective solution. Increased consumption of grains and meat further propels the market, alongside a broader recognition of the benefits offered by acaricides.

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Market Size of Acaricides Industry

Acaricides Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.40 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

South America Acaricides Market Analysis

The South America Acaricides Market is projected to witness a CAGR of 4.4% over the forecast period (2020 - 2025). The need to meet the food requirement of the ever-growing population, decreasing arable land, and rising concern over the adverse climatic factor are some of the major drivers for the increasing demand of acaricides. Various diseases are transmitted by ticks that severely affect the livestock as livestock feeds majorly constitute cereals in the region. Thus, the use of chemical acaricides is the most common and effective method adopted in killing ticks. The rising population is triggering high demand for agricultural output and meat consumption. Growth in grains and meat consumption is further expected to boost the acaricides market over the forecast period There is are a broader acceptance and recognition of the increasing benefits of acaricides. Key participants in the studied market are Corteva Agriscience, BASF SE, UPL, Bayer Ag, Syngenta, UPL Limited., FMC Corporation and Nufarm.

South America Acaricides Industry Segmentation

Mites are important pests in agriculture, not only because of the damage that they cause to crops by themselves but also because of their role as a vector of viral diseases. Acaricides are crop protection chemicals used to control mites. The market for acaricides has been segmented by type into organophosphates, carbamates, organochlorines, and pyrethrins. Major crop types have been covered as part of the scope. The report also contains a country-wise analysis of the acaricide market.

Chemical Type
Organophosphates
Carbamates
Organochlorines
Pyrethrins
Pyrethroids
Other Chemical Types
Application
Spray
Dipping
Hand Dressing
Other Applications
Geography
Brazil
Argentina
Rest of South America
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Acaricides Market Size Summary

The South America acaricides market is experiencing growth driven by the need to enhance agricultural productivity amid decreasing arable land and rising population pressures. Acaricides are increasingly recognized for their role in protecting crops from mite infestations, which are crucial for maintaining crop yields and meeting the food demands of the region. The livestock sector, heavily reliant on cereals, also benefits from acaricides as they help control tick-borne diseases. The market is characterized by the presence of major players such as Corteva Agriscience, BASF SE, UPL, Bayer Ag, Syngenta, FMC Corporation, and Nufarm, who are actively involved in product innovation and expanding their portfolios to cater to the growing demand.

Brazil stands out as a significant consumer of crop protection chemicals, including acaricides, due to its large-scale agricultural production. The country's approval of various crop protection chemicals has helped reduce production costs, thereby encouraging the use of acaricides to ensure stable crop yields. The market is fairly consolidated, with a few key players holding a majority share, while also witnessing the emergence of local players aiming to capture market share. The introduction of new products, such as BASF's Nealta® miticide for apple trees in Argentina, highlights the ongoing innovation and expansion efforts within the market, further driving the adoption of acaricides in the region.

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Acaricides Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Chemical Type

      1. 2.1.1 Organophosphates

      2. 2.1.2 Carbamates

      3. 2.1.3 Organochlorines

      4. 2.1.4 Pyrethrins

      5. 2.1.5 Pyrethroids

      6. 2.1.6 Other Chemical Types

    2. 2.2 Application

      1. 2.2.1 Spray

      2. 2.2.2 Dipping

      3. 2.2.3 Hand Dressing

      4. 2.2.4 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Brazil

      2. 2.3.2 Argentina

      3. 2.3.3 Rest of South America

Acaricides Market Size FAQs

The Acaricides Market is projected to register a CAGR of 4.40% during the forecast period (2024-2029)

Corteva Agriscience, Syngenta , Bayer AG, UPL and Nufarm are the major companies operating in the Acaricides Market.

South America Acaricides Market Report Snapshots

South America Acaricides Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)