Market Size of North America Acaricides Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Acaricides Market Analysis
The North America Acaricides Market is estimated to register a CAGR of 3.0% during the forecast period 2020-2025. North America is a niche and growing market for acaricides applications. It has been estimated that the yield losses due to attacks by mites could be as high as 13.8% in many crops. Mites survive in dry weather and with an increase in the global temperatures, mites have found their way as an important pest. The Acaricides Market is projected to grow at a fast pace on account of the increasing incidences of prolonged dry spells.
North America Acaricides Industry Segmentation
The North America Acaricides Market is segmented by Type into Organophosphates, Carbamates, Organochlorines, Pyrethrin, Pyrethroids, & Others, and by Application into Spray, Dipping Vat, Hand Dressing, and Others. The report covers countries such as the United States, Canada, Mexico, and Rest of North America.
| Application | |
| Organophosphates | |
| Carbamates | |
| Organochlorines | |
| Pyrethrins | |
| Pyrethroids | |
| Other Chemical Types |
| Type | |
| Spray | |
| Dipping | |
| Hand Dressing | |
| Other Applications |
| Geography | |
| United States | |
| Mexico | |
| Canada | |
| Rest Of North America |
North America Acaricides Market Size Summary
The North America Acaricides Market is experiencing a niche yet significant growth trajectory, driven by the increasing prevalence of mites as agricultural pests due to rising global temperatures and prolonged dry spells. This market expansion is further fueled by the need to enhance agricultural productivity to meet the demands of a growing population, amidst decreasing arable land and the push for sustainable farming practices. The adoption of efficient crop-protection techniques is becoming essential as urbanization reduces the availability of arable land. Technological advancements are expected to play a crucial role in the development of acaricide products, contributing to the market's rapid growth.
Despite the growing demand, the use of acaricides is moderated by environmental concerns, leading to a shift towards organic or bio-based alternatives. Products like "ESTEN 80," developed from vegetable oil and sucrose, are gaining popularity due to their biodegradable and safety benefits, aligning with the region's support for organic farming. The North American market for bio-based pesticides, including acaricides, represents a significant portion of global demand. The market is characterized by fragmentation, with major players like BASF SE, UPL, and Bayer Ag holding substantial shares, while numerous local players strive to capture market segments. The focus on product innovation and increased retail availability is driving the market's dynamic growth.
North America Acaricides Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Organophosphates
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2.1.2 Carbamates
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2.1.3 Organochlorines
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2.1.4 Pyrethrins
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2.1.5 Pyrethroids
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2.1.6 Other Chemical Types
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2.2 Type
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2.2.1 Spray
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2.2.2 Dipping
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2.2.3 Hand Dressing
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2.2.4 Other Applications
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2.3 Geography
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2.3.1 United States
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2.3.2 Mexico
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2.3.3 Canada
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2.3.4 Rest Of North America
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North America Acaricides Market Size FAQs
What is the current North America Acaricides Market size?
The North America Acaricides Market is projected to register a CAGR of 3% during the forecast period (2024-2029)
Who are the key players in North America Acaricides Market?
Bayer CropScience, Corteva Agriscience, BASF SE, FMC Corp. and Nissan Chemical Industries are the major companies operating in the North America Acaricides Market.
