04.04.2018 Views

Acaricides crop cultivators

Acaricides uses chemical compounds used to control arachnid attack on crops which include ticks and mites and known as crop cultivators, Acaricides Market revenue is continuously growing as seen by forecast 2023

Acaricides uses chemical compounds used to control arachnid attack on crops which include ticks and mites and known as crop cultivators, Acaricides Market revenue is continuously growing as seen by forecast 2023

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Global <strong>Acaricides</strong> Market Research Report- Forecast Till 2023<br />

2 Market Overview<br />

Regional Analysis<br />

The Global <strong>Acaricides</strong> Market is segmented into North America, Europe, Asia Pacific,<br />

and rest of the world (RoW). The Asia Pacific region is expected to retain its dominance<br />

over the forecast period of 2017-2023. The growth of the Asia Pacific region is attributed<br />

to various factors. India, China, and Japan are witnessed to be the major contributors in this<br />

region. Higher arable land coupled with the tropical climate in Asia Pacific countries is<br />

considered to be one of the significant factors for the rising growth of acaricides market in<br />

the Asia Pacific region.<br />

Europe & North America region is estimated to witness a moderate growth due to the market<br />

saturation in this particular region. However, the Middle East & African region is estimated<br />

to be slothful during the forecast period due to the lack of awareness among the farmers.<br />

Additionally, approval for the use of acaricides on agricultural <strong>crop</strong>s by the regulatory<br />

authorities associated with <strong>crop</strong> protection and high yield is projected to uplift the growth<br />

of the acaricides market.<br />

Market Scenario:<br />

Factors such as increased <strong>crop</strong> production along with food security and <strong>crop</strong>-damage caused<br />

by arachnids have surged the demand for acaricides at the global level. The acaricides<br />

market is expected to be driven by various factors such as climate change which has<br />

increased the insect lifecycle and is also considered to be one of the significant factors for<br />

the rising growth of the acaricides market both in developed and developing economies.<br />

Moreover, increasing demand for horticulture in developed countries of Europe and North<br />

America is boosting the demand for acaricides.<br />

Furthermore, rising demand for natural acaricides for <strong>crop</strong>-protection from arachnids is<br />

projected to drive the growth of acaricides market over the review period. However, several<br />

environmental and health hazards caused due to acaricides is restraining the growth of the<br />

market. Additionally, the enhancement of the product coupled with technological<br />

advancements is considered to be one of the significant reasons for the increasing growth<br />

of the acaricides market during the forecast period 2017-2023.<br />

P a g e | 3<br />

Copyright © 2017 Market Research Future.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!