Market Share of Acaricides Industry
The market for agricultural acaricides is fairly consolidated with few major players occupying majority share in the market. Key participants in the studied market are Corteva Agriscience, BASF SE, UPL, Bayer Ag, Syngenta, UPL Limited., FMC Corporation, and Nufarm. Other than the global leaders, there are many small local players active in the region trying to capture a fraction in the growing market. The market here is witnessing rapid growth in terms of product innovation, with a focus on increasing retail availability of various acaricides products. In 2018, BASF has introduced miticide Nealta® (cyflumetofen) for apple trees in Argentina for the control of mites in all life stages. Nealta®, is a contact miticide for the apple, specifically control spider mites and has a knockdown power and residual effect. With this product launch, BASF expands its insecticide portfolio line
South America Acaricides Market Leaders
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Corteva Agriscience
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Syngenta
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Bayer AG
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UPL
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Nufarm
*Disclaimer: Major Players sorted in no particular order
