Acaricides Market

Increasing demand for organic food is driving the market growth

The sector for organic foods is expanding as a result of rising health consciousness and understanding of the speedy effects of climate change. Additionally, a number of businesses are concentrating on research and development (R&D) as well as the introduction of fresh, cutting-edge items for the industry's expansion. The market is expanding as a result of the increased demand for dairy products. The industry's expansion is further aided by the soaring demand for sustainable developments. To fight key concerns like poverty, the UN also suggests sustainable agriculture and raising production.

The rise of industry is also being fueled by the emergence of a strong agricultural sector. Along with decreasing the amount of arable land available, rising urbanisation has also increased demand for a number of organic food products. The crop protection industry is expanding as a result of the nearly exponential population growth in numerous nations, including China and India, in order to fulfil the increased need for food. The Food and Agricultural Organisation (FAO) emphasised once more how crucial it was to effectively control diseases and stop their spread in order to advance agriculture and boost output.

Significant scientific and technological developments in the pesticides industry are also a factor in the expansion of the acaricides market.

The need to feed a constantly expanding population, dwindling arable land, and increased demand for sustainable agricultural practises are some of the key factors driving the increase in demand for acaricides or miticides. In order to meet the demand from the expanding population over the next several years, Mode of Application will probably double, which will lead to an increase in the use of acaricides. Technology will undoubtedly play a significant part in the creation of acaricide products, as is envisaged. Farmers are being encouraged to use efficient crop protection strategies by rising urbanisation and decreased access to fertile land.

Pesticides can have disastrous effects that greatly diminish or even completely destroy subsequent crops. As a result, farmers all over the world frequently use acaricide as a control measure to get rid of undesirable effects. The United Nations Food and Agriculture Organisation estimates that if farmers don't apply crop protection strategies, they will lose roughly 40% of their harvest right away to pests and plant diseases. As a result, it is predicted that acaricide demand will increase during the projection period. Thus, driving the Acaricides market revenue.

The Global Acaricides Market Industry experiences heightened demand driven by the necessity for food security. As the global population continues to grow, the agricultural sector faces increasing pressure to enhance crop yields. Acaricides play a crucial role in protecting crops from harmful mites and pests, thereby ensuring food production stability. In 2024, the market is valued at 0.42 USD Billion, reflecting the urgent need for effective pest management solutions. This trend is expected to persist, as agricultural practices evolve to meet the challenges posed by climate change and pest resistance, further solidifying the importance of acaricides in global agriculture.

The Global Acaricides Market Industry is significantly influenced by global trade dynamics. As countries engage in agricultural exports, the need for effective pest control measures becomes paramount to maintain product quality and safety. Acaricides are essential in ensuring that exported agricultural products meet international standards, thus facilitating trade. The expansion of global markets and the rise of emerging economies contribute to the demand for acaricides, as these regions seek to enhance their agricultural productivity. This interconnectedness in trade not only boosts the market but also encourages the development of tailored acaricide solutions for diverse agricultural practices.

The rise of organic farming practices presents a unique opportunity for the Global Acaricides Market Industry. As consumers become more health-conscious and environmentally aware, the demand for organic produce continues to surge. Organic farmers often face challenges with pest management, necessitating the use of organic-approved acaricides. This shift towards organic agriculture is expected to drive market growth, as the industry adapts to meet the specific needs of organic farmers. By 2035, the market is projected to reach 0.73 USD Billion, reflecting the increasing reliance on effective pest control solutions that align with organic farming principles.

Regulatory frameworks promoting sustainable agricultural practices are pivotal for the Global Acaricides Market Industry. Governments worldwide are increasingly implementing policies that encourage the use of integrated pest management (IPM) strategies, which often incorporate acaricides as a key component. These regulations aim to reduce chemical residues in food products and promote safer agricultural practices. As a result, the market is likely to benefit from increased adoption of acaricides that comply with stringent safety standards. This regulatory support not only enhances consumer confidence but also fosters innovation in product development, ultimately contributing to the market's growth trajectory.

Innovations in acaricide formulations significantly influence the Global Acaricides Market Industry. The development of more effective and environmentally friendly products is becoming increasingly prevalent. For instance, the introduction of biopesticides and nano-encapsulated formulations enhances efficacy while minimizing environmental impact. These advancements not only improve pest control but also align with sustainable agricultural practices, appealing to eco-conscious consumers. As a result, the market is projected to grow at a CAGR of 5.2% from 2025 to 2035, indicating a shift towards more sustainable pest management solutions that cater to both agricultural productivity and environmental stewardship.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Acaricides Market dominated this market in 2022 (45.80%). The rising demand for pesticides in developing nations like the U.S., Canada, and Mexico is a major factor driving acaricide demand in the region. Due to the increased use of crop protection chemicals to stop the spread of diseases carried by ticks and mites, the market in North America is expanding at an amazing rate, particularly in agriculture. Further, the U.S.

Acaricides market held the largest market share, and the Canada Acaricides market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  Acaricides Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe Acaricides market is expected to register significant growth from 2024 to 2032. The acaricides market is developed and regulated throughout Europe. The region has rigorous regulatory frameworks for pesticide registration and use as a result of its significant emphasis on consumer and environmental safety. A growing emphasis on sustainable agriculture has led to widespread promotion and adoption of integrated pest management techniques. A need for acaricides with an organic certification is growing as organic farming methods gain popularity.

Further, the German Acaricides market held the largest market share, and the U.K Acaricides market was the fastest growing market in the European region

The Asia Pacific Acaricides market accounted for the healthy market share in 2022. The sector is driven by the need to control acarid pests in a range of products, including cotton, fruits, vegetables, cereals, and cotton. In this sector, integrated pest management techniques and sustainable agriculture are also given priority. Moreover, China’s Acaricides market held the largest market share, and the Indian Acaricides market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Acaricides market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Acaricides Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Acaricides Industry to benefit clients and increase the market sector. In recent years, the Acaricides Industry has offered some of the most significant advantages to medicine.

Major players in the Acaricides market, including BASF SE, Arysta LifeScience, Bayer AG, DuPont, FMC Corporation, Chemtura Corporation, Merck & Co., Inc., Nissan Chemical Industries, Ltd., Syngenta AG, Indofil Industries Limited, NIHON NOHYAKU CO., LTD., Tata Chemicals Limited, ACARICIDE INDIA PRIVATE LIMITED, PI Industries, and NIPPON SODA CO., LTD., are attempting to increase market demand by investing in research and development operations.

BASF SE (BASF) is a company that produces chemicals. It manufactures, markets, and sells chemicals, polymers, crop protection products, and performance items. The company's product line includes solvents, adhesives, surfactants, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. The company works with a wide range of industries, including those related to building, woodworking, agriculture, electronics and electrical, paints and coatings, transportation, home care, nutrition, and chemicals. In partnership with international customers, partners, and researchers, BASF carries out R&D. The company's operations are supported by a network of production facilities.

It can be found all over the world, including in North America, Europe, Asia, South America, Africa, and the Middle East. The BASF corporate headquarters are in Ludwigshafen, Germany. The innovative acaricide Nealta, developed by BASF in 2020, is based on the brand-new active ingredient cyflumetofen, which is derived from the separate group of insecticides known as Group 25.

Agrochemical products made by Oro Agri are designed to increase yields and maintain crop fertility. Development of agricultural surfactants, bio-pesticides, plant nutrition products, liquid foliar fertilisers, and soil conditioners for domestic, commercial, and industrial use are among the company's activities. At HortiContact in Gorinchem, Netherlands, Oro Agri introduced Oroganic, a brand-new insecticide/carcinogen. It is a phytosanitary preparation having insecticidal, acaricidal, and fungicidal qualities made from 6% orange oil. It effectively and sustainably combats illnesses and pests like powdery mildew, mildew, or thrips.

Vegetables, top fruits, and vines were among the numerous sorts of crops on which the product was permitted for usage.