Market Size of Acaricides Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.40 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Acaricides Market Analysis
The South America Acaricides Market is projected to witness a CAGR of 4.4% over the forecast period (2020 - 2025). The need to meet the food requirement of the ever-growing population, decreasing arable land, and rising concern over the adverse climatic factor are some of the major drivers for the increasing demand of acaricides. Various diseases are transmitted by ticks that severely affect the livestock as livestock feeds majorly constitute cereals in the region. Thus, the use of chemical acaricides is the most common and effective method adopted in killing ticks. The rising population is triggering high demand for agricultural output and meat consumption. Growth in grains and meat consumption is further expected to boost the acaricides market over the forecast period There is are a broader acceptance and recognition of the increasing benefits of acaricides. Key participants in the studied market are Corteva Agriscience, BASF SE, UPL, Bayer Ag, Syngenta, UPL Limited., FMC Corporation and Nufarm.
