The Asia-Pacific acaricides market is anticipated to register a CAGR of 6.8% during the forecast period. Acaricides are chemical substances that are used to control tick- and mite-borne diseases. These are widely used in agricultural and animal husbandry, industries, and household to protect from mite infestation. Increasing mite infestation in agriculture fields and in urban houses is one of the prime drivers of the market, whereas, government restrictions on acaricides registration and harmful effects of acaricides on human health are the key restraints of the market.
Key Market Trends
Increasing Ticks and Mites Diversity
The Asia Pacific acaricides market is primely driven by increasing mites and ticks diversity. For example, in India, approximately 106 tick species belonging to two families of Ixodidae and argasidae are reported causing a different kind of disease. Amblyomma testudinarium, Dermacentor auratus, Haemaphysalis bispinosa, H. spinigera, and H. intermedia are some of the most common species found in India. The most popular method used to control these mites is the application of acaricides. Cypermethrin, cyperkill, deltamethrin, and flumethrin are some of the frequently used acaricides in India. Spider mites are very common in China. Etranychus truncatus was the most frequently sampled Tetranychus spider mite, followed by T. pueraricola and T.kanzawai. Application of miticides has become compulsory to reduce the mite infestation, and thus, it became one of the key market aspects.
Agriculture and Animal Husbandry Segment Dominates the Market
Agriculture and animal husbandry are one of the major occupations in countries, like India and China, contributing to the major part of the acaricides market revenue. The main reason behind this is the increasing mite infestation in cereals, vegetables, and fruits crops, and ticks infestation in animals. For example, T.ludeni is very common in crops like cowpea and vegetables like eggplant and okra. Erinose mite, Aceria litchii (Keiffer), also known as hairy mite, hairy spider, or dog ear mite, occurs throughout China, Taiwan Province of China, India, Pakistan, and Australia. These countries are using acaricides effectively to tackle the mite infestation and directly aiding the acaricides market. Household usage and industrial usage are the minor segments contributing to the acaricides market.
The Asia-Pacific acaricides market is moderately consolidated with a few major players in the market. Key players in the Asia-Pacific region include Nissan Chemical Industries Ltd, Bayer AG, BASF SE, and FMC Corporation. Other than the major players, there are many small local players active in the region. The market in the region is witnessing rapid growth in terms of product innovation, with a focus on increasing retail availability of various acaricides products.
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