Tick and mite borne diseases are one of the most serious threats to the African agricultural and animal husbandry sector. In the Africa region alone, there are about 650 tick species, which cause considerable economic losses in the eastern, central and southern Africa. This increasing occurrence of diseases led to a growing market of acaricides in Africa; the market is slated to grow at a CAGR of 4.2% during 2017-2022.
Increasing need of agricultural productivity, growing crop protection market globally and the growing demand for crop and animal based products are some of the major drivers for the industry. Raw material cost is posing significant threat for the industry’s growth in the region.
Acaricides are known for controlling arthropod pests. These pests can cause huge losses to the agricultural and animal husbandry industry. Ticks are arachnids, which are responsible for losses in animals caused by toxin injections, attachment to animal hides and by other methods of disease transmission. Tick and mite borne diseases cost the industry in millions with a mortality of 1.1million cattle every year in Africa. So animal husbandry segment is the major consumer of acaricide products in the region. South Africa and Egypt would be the two important and growing markets for acaricides application in the forecasting period.
Many global players are trying to capture the unexplored market of Africa in the next five years. Major companies operating here are Syngenta, BASF, Bayer, FMC Corporation etc. While product development would be the key strategy in the long term, acquisition and collaboration with the regional players are the short-term strategies carried out by companies in the region.
Scope of the Study:
1.1 Research Methodology
1.2 Definition of the Market
2. KEY FINDINGS OF THE STUDY
3. MARKET DYNAMICS
3.1.1 Need for Increasing Agricultural Productivity
3.1.2 Increasing Demand for Crop based and Animal based Products
3.1.3 Equal Priority for food safety and environmental protection
3.2.1 Regulatory Constraints Pertaining Application
3.2.2 High Cost of Products
3.2.3 Availability of Substitutes to Acaricides
3.3.1 Growing Demand for Bio-active Acaricide Market
3.3.2 Popularity of IPM Practices
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4. MARKET SEGMENTATION
4.1 By Product Type
4.1.5 Natural Sources
4.2 By Application Type
4.2.2 Animal Husbandry
4.2.3 Household application
4.3 By Geography
184.108.40.206 South Africa
5. Competitive Landscape
5.1 Major Startegies Adopted by Key Players
5.2 Most active companies in the past five years
5.3 Market Share Analysis
6. Company Profiles
6.1 Dow Chemical Company
6.2 Nissan Chemical Industries, Ltd.
6.3 Bayer AG
6.4 BASF SE
6.5 FMC Corporation
6.6 Chemtura Corporation
6.7 Syngenta AG
6.8 Arysta Lifescience
6.9 Merck & Co., Inc.
6.11 Indofil Industries Limited