Acaricides Market worth $275.1 Million by 2019, According to a New Study on ASDReports

Wednesday 10 September 2014, Amsterdam

The report, now available on ASDReports, “Acaricides Market by Type (Organochlorine, Organophosphorus, Natural Sources, and Others), by Application (Agriculture, Animal Husbandry, Industrial, and Others), by Mode of Action (Spray, Dipping Vat, Hand Dressing and Others) & Geography - Trends & Forecasts to 2019” defines and segments the market with analysis and projection of the global market values. It also identifies the driving and restraining factors for the market with analyses of the trends, opportunities, and burning issues.

The market size, in terms of value, is projected on the basis of main regions such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). The markets of key countries of each region are studied and projected. Further, the market is segmented and value is projected on the basis of type, geography, application, and mode of action.

Acaricides are chemicals used to control the harmful species of mites and ticks, help the animal to grow faster and healthier, and help them gain immunity against various infectious diseases. Thus, acaricides help in protecting animals and crops from various diseases. They also maintain the health of animals and crops that are finally consumed by humans.

The driving factors of the demand in this market are the increase in productivity, development in crop protection industry, and increasing demand for meat and dairy products. The main restraints of the industry are the rising cost, regulatory restrictions, and alternative acaricide sources. The market is estimated to be worth around $213.5 million in 2014 and is projected to reach $275.1 million by 2019, growing at a CAGR of 5.2% from 2014 to 2019. Leading manufacturers are focusing on new product launches, investments, and expansion of businesses across regions.