PUBLISHER: Grand View Research | PRODUCT CODE: 1530129
PUBLISHER: Grand View Research | PRODUCT CODE: 1530129
Acaricides Market Size & Trends
The global acaricides market size was estimated at USD 314.62 million in 2023 and growing at a CAGR of 5.0% from 2024 to 2030. Owing to the increasing product demand in agricultural and horticultural practices globally. The continuous increase in the global population is another major driver of rising food consumption worldwide. According to the United Nations, the global population is expected to be 7.6 billion in 2023 and is anticipated to reach 8.6 billion and over 9.8 billion, respectively, by 2030 and 2050. The continuously increasing global population is anticipated to surge the demand for food, fueling product consumption to increase agricultural yields.
The Pest Management Regulatory Agency (PMRA), a Canadian organization, has been spreading awareness and is planning to take initiatives to introduce sustainable pest management products to reduce the risk caused by insecticide products to humans and the environment. This is further expected to increase the consumption of natural forms of the product in the country.
In 2022, the European Commission adopted a proposal for fresh regulation on the sustainable approach to the consumption of plant protection products. The regulation encourages the sustainable use of pesticides through integrated pest management or by introducing alternatives to insecticide products.
Global Acaricides Market Report Segmentation
This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global acaricides market report based on product, application, mode of action, and region:
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
India
Japan
South Korea
Brazil
Argentina
Saudi Arabia
South Africa