Molluscicides Market Outlook
Molluscicides
Market reached a value of USD 0.5 billion in 2022 and is expected to reach USD
1.06 billion by 2032. This translates to a promising compound annual growth
rate (CAGR) of 8.69% over the forecast period (2023-2032).
·
Rising
Threat from Molluscs:
Snails and slugs are voracious pests that can devastate crops, particularly
high-value horticultural crops. As these pests become more prevalent, the
demand for effective control methods like molluscicides increases.
·
Growth
in Agribusiness:
The agricultural sector, especially in developing countries, is experiencing
significant growth. This expansion is accompanied by an increased focus on
protecting crops from pests and diseases. Molluscicides offer a valuable tool
for farmers to safeguard their yields and ensure food security.
Molluscicides
are chemical substances specifically designed to control or eradicate mollusks,
which are a diverse group of invertebrates including snails and slugs. These
creatures can be major agricultural pests, damaging crops and causing economic
losses. Molluscicides are used in various industries, including agriculture,
gardening, horticulture, and aquaculture, to protect plants and crops from
mollusk infestations.
Segment Analysis
The
global Molluscicides Market has been segmented based Type, Form, and Crop Type.
The
Molluscicides market segmentation, based on Type, includes Chemical
Metaldehyde, Methiocarb, Ferric Phosphate, Biological, and Others. Chemical
metaldehyde segment dominated the market in 2022. The market for chemical
molluscicides is expanding as a result of the growing use of agrochemicals in
high-value horticultural crops. Chemical molluscicides are readily available,
reasonably priced, and exported to many parts of the world. These elements
considerably contribute to the widespread high demand for chemical
molluscicides.
The
Molluscicides market segmentation, based on
Form, includes Dry and Liquid. Dry segment dominated the Molluscicides market
in 2022. Due to their convenience in handling, dry form now has a bigger market
share than liquid and gel form. The most popular and reliable method for slug
and snail control is pelleting. The chemical composition of pellets,
particularly the presence of components that attract slugs, and their longevity
under field settings determine how successful they are.
The
Molluscicides market segmentation, based on Crop Type, includes Vegetables
& Fruits, Cereals & Grains, Oilseeds & Pulses, Ornaments and Turf,
and Others. Cereals & grains segment dominated the market in 2022. This is
a result of more products being used to protect crops from harm and boost
output. As a result, the market has seen a rise in product demand due to the
effective application in cereal and grains.
Regional Analysis
The
global Molluscicides Market, based on region, has been divided into North
America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific
Molluscicides market dominated this market in 2022 (45.80%). This is because
the golden apple snail was introduced to Asian rice fields. The market for
molluscicides in this region is also predicted to develop as contemporary
agricultural practises, such as integrated pest management, are being adopted.
Moreover, China’s Molluscicides market held the largest market share, and the
Indian Molluscicides market was the fastest growing market in the Asia-Pacific
region. Further, the major countries studied in the market report are The US,
Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South
Korea, and Brazil.
The
North America Molluscicides Market accounted for the healthy market share in
2022. This is a result of the rising demand for foods including fruits,
vegetables, cereals, and other grains. A sizeable portion of the population
works in agriculture in the area, which also produces some of the main cereal
crops. Further, the U.S. Molluscicides market held the largest market share,
and the Canada Molluscicides market was the fastest growing market in the North
America region.
Europe
Molluscicides market is expected to register significant growth from 2023 to
2032. This is a result of increased horticulture crop production of high value.
The need for molluscicides has also increased due to the favourable environment
for mollusk growth, which is expected to fuel the expansion of the worldwide
molluscicides market in this area. Further, the German Molluscicides market
held the largest market share, and the U.K Molluscicides market was the fastest
growing market in the European region
MRFR recognizes the following
companies as the key players in the global Molluscicides
Market — Lonza Group AG, Bayer Cropscience AG, BASF SE, ADAMA Agricultural
Solutions, Marrone Bio Innovations, American Vanguard Corporation, De Sangosse
Ltd, W. Neudorff GmbH KG, Doff Portland Ltd, Certis Europe, Syngenta AG, PI
Industries Ltd., Amvac Chemical Corporation, Chiltern Farm Chemicals Ltd., and
Westland Horticulture Ltd.
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