Europe Acaricides Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The European acaricides market is projected to register a CAGR of 5.2% during the forecast period 2020-2025. The European region is one of the major markets for acaricides, and the market here is projected to grow at a higher rate as compared to that in the other countries. Acaricides are a kind of insecticides that form a necessary part of the crop protection chemical industry. These are manufactured and used for controlling various species of arthropod pests, heavily occurring in plant and animal bodies. These products are one of the cornerstones of an efficient control program for phytophagous mites in Europe. 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.

Scope of the report

Mites are important pests in agriculture, not only because of the damage that they cause to crops by themselves but also because of their role as a vector of viral diseases. Acaricides are crop protection chemicals used to control mites. The Europe Acaricides Market is segmented by Type into Organophosphates, Carbamates, Organochlorines, Pyrethrins, Pyrethroids. and Others, by Application into Spray, Dipping Vat, Hand Dressing, and Others in the countries like the United Kingdom, France, Germany, Spain, Italy, Russia, and Rest of Europe.

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Key Market Trends

Need for Increasing Agricultural Productivity

The need to feed an ever-growing population, decreasing arable land, and increasing demand for sustainable agricultural practices, are some of the major drivers for the increasing demand of acaricides. Agricultural production is likely to grow in two-folds, over the next few years, in order to meet the demand from the growing population, which, in turn, increases the usage of acaricides. Certainly, technology is expected to play a major role in the manufacturing of acaricide products. An increase in urbanization and less availability of arable land are motivating farmers to adopt efficient crop-protection techniques. There is are a broader acceptance and recognition of the increasing benefits of acaricides. With the steep decline in the per capita arable land, contrasting to the rising population, the crop yields must increase to meet the increasing food demand in the region. Owing to the above factor, an increase in demand for acaricides products and agricultural production is being witnessed.

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