Latin America 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), and by Region
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According to the report Latin America Acaricides market, published by Market Data Forecast, the Market was worth USD 35.03 million in 2016 and is expected to reach 45.99 million USD by 2021 with a CAGR of 5.6 %. Acaricides are pesticides that are used to kill ticks and mites and help cattle gain resistance against various infectious illnesses.
Acaricides work by meddling with the development nerves, breath and muscles, of mikes and ticks.
Cattle farmers should use acaricides to eliminate tick infection and injury to cattle.
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Losses due to tick infections are considerable and ticks cause paralysis and weakens health of animal. Some acaricides may be dangerous to fishes and other wildlife and has to be used carefully to avoid damage to ecosystem.
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Some of the factors like the rise in efficiency, advancements in crop protection industry, and rise in demand for meat and dairy products are driving the market. The main restraints of the industry are the regulatory restrictions, alternative acaricide sources and rising cost.
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The Latin America Acaricides Market is segmented based on Type, Application and Mode of Action. Based on Type, market is segmented into Organochlorine, Organophosphorus, Natural Sources, and Others.
Based on Application, market is segmented into Agriculture, Animal Husbandry, Industrial, and Others. Based on Mode of Action, market is further segmented into Spray, Dipping Vat, Hand Dressing and Others.
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Based on geography, this market is further segmented in to Brazil, Argentina, Mexico and rest of Latin America. Latin America is a growing market and has major share in Global market.
Brazil holds the highest share in this region.
The major key players operating in this market are BASF SE, Bayer AG, FMC Corporation, DuPont, Nissan Chemical Industries. Ltd., Syngenta, Merck & Co., Inc., The Dow Chemical Company, Chemtura Corporation, Arysta Life Science Limited.
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