The Acaricides Market in Europe is being driven by Increasing need for bio-based acaricides
The Acaricides Market in Europe is expected to grow at a CAGR of 4.6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 236.5 million. Acarids, also known as mites and ticks, pose significant economic losses in Europe due to their infestations in livestock, crops, and human populations. These parasites not only cause damage to animals and plants but also act as disease vectors and allergens, posing a direct threat to human health and prosperity. Traditional methods of acarid control, including the indiscriminate use of pesticides, have led to the destruction of natural adversaries and the development of resistance in parasitic species. Consequently, the management of acarid-borne diseases relies heavily on pharmaceuticals. The scarcity of effective drugs in the market often hinders the control of these parasitic diseases, leading to their escalation and increased pervasiveness.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Application (Agriculture, Animal husbandry, Others) Geography (Europe).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Acaricides Market in Europe Research Report
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The European Acaricides Market encompasses the production and use of agrochemicals for pest control in the context of European agricultural research, focusing on sustainable food systems and integrated pest management. This sector intersects with agricultural economics, food production, and climate-smart agriculture, addressing food demand, precision agriculture, and food security. Rural development, agricultural policy, water conservation, and agricultural education also play crucial roles. Challenges in food security, urbanization, and food waste necessitate agricultural innovation, sustainable farming practices, and crop yield enhancement. Farm labor, soil health, and farm management are essential components of agricultural sustainability, with organic farming, biotechnology, and farm subsidies shaping crop protection strategies. Natural pest management employs beneficial insects, bio-pesticides, non-toxic pest control, and organic farming methods, contributing to green pest management and the global food supply.
In the European agricultural sector, the acaricides market plays a significant role in ensuring sustainable agriculture and crop protection on arable lands. This market encompasses the production and distribution of pesticides, including carbamates, as essential components of crop protection strategies. With population growth and urbanisation, the demand for agricultural crops, dairy products, and other foodstuffs continues to escalate, necessitating effective pest management solutions. Technavio's market analysis indicates that the European acaricides market will experience growth due to factors such as increasing product launches, climate change, and the shift towards plant derivatives and eco-friendly alternatives. Vendors in this market are continuously innovating and expanding their offerings to cater to the evolving needs of the agricultural industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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