Europe Acaricides Market Size, Share, Trend & Revenue | 2031

Segments - Europe Acaricides Market by Types (Organophosphates, Carbamates, Organochlorines, Pyrethrins, Pyrethroids. and Other Types), Applications (Spray, Dipping Vat, Hand Dressing, and Other Applications), and Geography Country (The UKUnited Kingdom, France, Germany, Spain, Italy, Russia, and Rest of Europe) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Riddhesh Dani

Fact-checked by : Harneet Meher

Editor : Shruti Bhat

Report Description

The Europe acaricides market size was USD 250.16 Million in 2022 and is likely to reach USD 377.24 Million by 2031, expanding at a CAGR of 4.67% during 2023–2031. The growth of the market is attributed to the increasing crop production.

Aracides are pesticides that are utilized to terminate the pests in the crops. It provides economic control of pest mites and ticks. The benefits include protecting and keeping healthy crops from diseases and viral infections. Acaricides are produced from natural raw materials such as clove, spoiled corn, and neem, as they tend to be less toxic in nature.

The COVID-19 led to halt in the production of acaricides, which in turn, hampered the growth of the market. However, relaxation in restrictions has resumed the operations of manufacturing facilities. This, in turn, is anticipated to help the market recover by end of 2021.

Europe Acaricides Market Trends, Drivers, Restraints, and Opportunities

Growing requirement of solutions to improve crop productivity is anticipated to drive the growth for the market.
Increasing area under organic farming is estimated to fuel the market growth.
Rising usage of acaricides in home applications is expected to boost the acaricides market.
High cost of acaricides and stringent regulatory restrictions can create challenges for the market growth in the projected timeline.
Inflating demand for acaricides has compelled producers to undertake the expansion and acquisition projects in order to meet the global demand.

Scope of Europe Acaricides Market Report

The report on the Europe acaricides market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Europe Acaricides Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Type (Organophosphates, Carbamates, Organochlorines, Pyrethrins, Pyrethroids. and Other Types), Applications (Spray, Dipping Vat, Hand Dressing, and Other Applications)
Geographical Scope	The UK, France, Germany, Spain, Italy, Russia, and Rest of Europe
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	BASF SE; United Phosphorus Ltd; Bayer AG; FMC Corporation; and Nissan Chemical Industries Ltd.

Europe Acaricides Market Segment Insights

Carbamates segment is anticipated to grow at significant CAGR

Based on types, the market is divided into organophosphates, carbamates, organochlorines, pyrethrins, pyrethroids. and other types. The carbamates segment is expected to grow at a rapid pace during the forecast period owing to increasing awareness about the benefits of this type of organic compounds. However, the organophosphates segment is anticipated to hold a key share of the market in the coming years owing to low toxicity.

Spray segment is projected to expand at a high CAGR

On the basis of applications, the market is segregated into spray, dipping vat, hand dressing, and other applications. The spray segment is projected to expand at a considerable CAGR during the forecast period owing to ease of spreading the pesticide evenly to the crops. On the other hand, the hand dressing segment is anticipated to account for a major market share during the forecast period due to rising demand for bio-based bottles available for hand dressing.

Spain is anticipated to constitute to hold large market share

In terms of geography, the market is classified as the UK, France, Germany, Spain, Italy, Russia, and Rest of Europe. Spain is expected to constitute a key share of the market during the projected period. The country is a prominent crop producer in Europe. However, the market in Germany is anticipated to expand at a rapid pace during the forecast period owing to increasing integration of advanced manufacturing machines for the production of acaricide products.

Segments

The Europe acaricides market has been segmented on the basis of

Types

Organophosphates
Carbamates
Organochlorines
Pyrethrins
Pyrethroids
Other Types

Applications

Spray
Dipping Vat
Hand Dressing
Other Applications

Geography

The UK
France
Germany
Spain
Italy
Russia
Rest of Europe

Key Players

BASF SE
United Phosphorus Ltd
Bayer AG
FMC Corporation
Nissan Chemical Industries Ltd

Competitive Landscape

Key players competing in the Europe acaricides market are BASF SE; United Phosphorus Ltd; Bayer AG; FMC Corporation; and Nissan Chemical Industries Ltd.

In August 2021, Bayer AG acquired Vividion Therapeutics, a US-based biopharmaceutical company, for an upfront sum of USD 1.5 billion dollars.

In March 2021, FMC Corporation announced purchase of a small stake in Dupont's crop protection business for USD 1.2 billion.

In January 2020, BASF SE completed acquisition of polyamide business from Solvay, a chemical company.

In December 2019, Nissan Chemical Corporation completed the acquisition of the Quinoxyfen product line of fungicides from Corteva, Inc.

Europe Acaricides Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Acaricides Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Acaricides Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Acaricides Market - Supply Chain
  4.5. Global Acaricides Market Forecast
     4.5.1. Acaricides Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Acaricides Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Acaricides Market Absolute $ Opportunity
5. Global Acaricides Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Acaricides Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Acaricides Demand Share Forecast, 2019-2026
6. North America Acaricides Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Acaricides Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Acaricides Demand Share Forecast, 2019-2026
7. Latin America Acaricides Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Acaricides Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Acaricides Demand Share Forecast, 2019-2026
8. Europe Acaricides Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Acaricides Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Acaricides Demand Share Forecast, 2019-2026
9. Asia Pacific Acaricides Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Acaricides Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Acaricides Demand Share Forecast, 2019-2026
10. Middle East & Africa Acaricides Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Acaricides Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Acaricides Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Acaricides Market: Market Share Analysis
  11.2. Acaricides Distributors and Customers
  11.3. Acaricides Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)