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The Asia Pacific acaricides market is anticipated to register a CAGR of 6.8% during the forecast period. Acaricides are chemical substances that are used to control tick and mite borne diseases. These are widely used in the agricultural and animal husbandry, industries and household to protect from mite infestation. Increasing mite infestation in agriculture fields and in urban houses is one of the prime drivers of the market whereas, government restrictions on acaricides registration and harmful effects of acaricides on human health are the key restraints of the market.
Key Market Trends
Increasing Ticks and Mites Species Diversity
The Asia Pacific acaricides market is primely driven by increasing mites and tics diversity. For example, In India, approximately 106 tick species belonging to two families of Ixodidae and Argasidae are reported causing a different kind of disease. Amblyomma testudinarium, Dermacentor auratus, Haemaphysalis bispinosa, H. spinigera, H. intermedia are some of the most common species found in India. A most popular method used to control these mites is the application of acaricides. Cypermethrin, cyperkill, deltamethrin and flumethrin are some of the frequently used acaricides in India. Spider mites are very common in China. etranychus truncatus was the most frequently sampled Tetranychus spider mite, followed by T. pueraricola and T.kanzawai. Application of miticides has become compulsory to reduce the mite infestation, thus, it became one of the key market aspects.
Agriculture and Animal Husbandry segment Dominates The Market
Agriculture and animal husbandry is one of the major occupations in countries like India and China contributing to the major part of acaricides market revenue. The main reason behind this is increasing mite infestation in cereals, vegetables, and fruits crops and ticks infestation in animals. For example, T.ludeni is very common in crops like cow pea and vegetables like eggplant and okra. Erinose mite, Aceria litchii (Keiffer), also known as hairy mite, hairy spider, or dog ear mite, occurs throughout China, Taiwan Province of China, India, Pakistan, and Australia. These countries are using acaricides effectively to tackle the mites infestation and directly aiding the acaricides market. Household usage and industrial usage are the minor segments contributing to the acaricides markets.
Competitive Landscape
The market for agricultural acaricides is moderately consolidated with a few major players in the market. Key player in the Asia Pacific region include Nissan Chemical Industries, Ltd. Bayer AG, BASF SE, FMC Corporation etc are someof the player majorplayers. Other than the major players, there are many small local players active in the region. The market here is witnessing rapid growth in terms of product innovation, with a focus on increasing retail availability of various acaricides products.
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1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.1.1 Organochlorine
5.1.2 Organophosphorus
5.1.3 Pyrethroid
5.1.4 Carbamite
5.1.5 Natural Sources
5.1.6 Others
5.2 Application Type
5.2.1 Agriculture
5.2.2 Animal Husbandry
5.2.3 Household application
5.2.4 Industrial
5.2.5 Others
5.3 Geography
5.3.1 China
5.3.2 Japan
5.3.3 India
5.3.4 Australia
5.3.5 Rest of Asia Pacific
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Nissan Chemical Industries, Ltd.
6.3.2 Bayer AG
6.3.3 BASF SE
6.3.4 FMC Corporation
6.3.5 Chemtura Corporation
6.3.6 Syngenta AG
6.3.7 Merck & Co., Inc.
6.3.8 Indofil Industries Limited
6.3.9 Agsin pte Ltd
6.3.10 UPL
6.3.11 Godrej AgrovetLtd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS