Molluscicides Market to Grow with a CAGR of 8.54% through 2028

Significant growth in the agriculture industry and widespread product application in the aquaculture industry is expected to drive the Global Molluscicides Market growth in the forecast period, 2024-2028.

 

According to TechSci Research report, “Molluscicides Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Molluscicides Market stood at USD 758.68 Million in 2022 and is anticipated to grow with a CAGR of 8.54% in the forecast period, 2024-2028. The global molluscicides market is primarily driven by several key factors. The rise in agricultural activities around the world and the increasing need to protect crops from mollusks are driving the demand for molluscicides. The advancement in technology and the introduction of environmentally friendly products are attracting more consumers, thereby facilitating market growth. The growing prevalence of mollusk-borne diseases in agricultural produce has necessitated the use of molluscicides, thus propelling the market. Supportive government policies and initiatives to boost agricultural production and maintain food security are also fueling the growth of the global molluscicides market. 

The global molluscicides market is anticipated to witness significant growth in the forthcoming years. This growth is primarily driven by the escalating demand for high-quality food products and the ongoing need for effective pest control solutions in the agriculture and aquaculture industries. As the world population continues to surge, there is an increased emphasis on producing more food sustainably and efficiently. Consequently, there has been a notable shift towards adopting preventive farming practices and integrated pest management (IPM) systems, which are expected to further propel the market.

Moreover, the burgeoning organic farming sector's inclination towards environmentally-friendly molluscicides is anticipated to contribute to the market's expansion. With consumers becoming increasingly conscious of the environmental impact associated with conventional pest control methods, there is a growing preference for eco-friendly alternatives. This presents a significant opportunity for the molluscicides market to cater to the rising demand for organic and sustainable farming practices. In addition to market demand, government initiatives aimed at boosting agricultural productivity and ensuring food security play a pivotal role in promoting the widespread use of molluscicides. Governments worldwide are recognizing the significance of supporting the agriculture sector and are implementing various policies and programs to enhance productivity. This creates a favorable environment for the adoption of molluscicides as a means to safeguard crops and improve yields.

However, stringent environmental regulations and concerns regarding the potential toxic effects of certain molluscicides are factors that can potentially hinder market growth. With the increasing awareness of environmental issues, regulators are imposing stricter guidelines to protect ecosystems and human health. This necessitates the development and use of safer and more sustainable molluscicides that can address these concerns while still effectively controlling pests.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Molluscicides Market.”

 

The global molluscicides market is poised for substantial growth due to the escalating demand for high-quality food products, the adoption of preventive farming practices and IPM systems, and the inclination towards environmentally-friendly alternatives. Government initiatives and regulations also play a significant role in shaping the market's future. However, it is crucial to address environmental concerns and ensure product safety to ensure sustained market growth in the long run. The Global Molluscicides Market is segmented into type, form, application, regional distribution, and company.

Based on form, the pellet form of molluscicides is currently dominating the global market due to its numerous advantages. These tiny but powerful pellets have gained immense popularity among farmers and gardeners for their ease of use, accurate dosage control, and remarkable ability to effectively cover a large surface area. When applied, these pellets can be conveniently spread over the soil, ensuring an even distribution and maximizing their impact. What's more, their remarkable persistence, resulting from their exceptional resistance to decomposition, allows for long-lasting protection against mollusks, providing a reliable and durable solution for controlling mollusk populations and safeguarding precious crops and beautiful gardens. With their outstanding features and proven effectiveness, it's no wonder that the pellet form of molluscicides has become the go-to choice for farmers and garden enthusiasts worldwide. Based on region, the Asia Pacific region is anticipated to exhibit the highest growth rate.

Emerging economies like China and India play a pivotal role in supplying active ingredients, such as metaldehyde, as raw materials to the North American and European markets. Molluscicides, though still a niche segment of the global pesticide market, are of considerable importance. Certain species of mollusks, particularly specific snails and slugs can pose significant threats as pests. Upon introduction into new environments, they have the potential to disrupt local ecosystems. To address this concern, key global molluscicide manufacturers are implementing strategic geographic expansion plans. These strategies involve establishing new business centers in wet tropical regions of Asia, South America, and South Africa, offering new active substances and formulated products. In Asian countries like India and Malaysia, molluscicides containing active ingredients such as niclosamide, endosulfan, camellia seed cake residue, and copper sulfate are commonly employed to control golden snails.

 

Major companies operating in Global Molluscicides Market are:

• Bayer CropScience LLC
• BASF SE
• Lonza Group AG
• American Vanguard Corporation
• Adama Agricultural Solutions Ltd
• Syngenta Group
• UPL Limited
• Marrone Bio Innovations Inc.
• PI Industries Ltd.
• De Sangosse SAS

 

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“The future of the global molluscicides market appears promising, driven by strategic factors that are set to propel its growth. With the increasing global population and the consequent surge in demand for food crops, the need for molluscicides to protect these crops from mollusk damage will significantly rise. Additionally, the advent of bio-based and organic molluscicides is expected to create new growth opportunities, catering to the demand for eco-friendly pest control solutions. The market is also anticipated to benefit from innovations and advancements in technology that allow for the development of more effective and safer molluscicides. The increasing incidence of crop diseases due to pests is further expected to fuel the need for these products. Moreover, supportive government policies and initiatives to educate farmers about the advantages of integrated pest management, including the use of molluscicides, will also contribute to the market expansion.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Molluscicides Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Chemical and Biological), By Form (Pellets, Powder, Liquids and Gels), By Application (Agricultural and Non-Agricultural), By Region and Competition”, has evaluated the future growth potential of Global Molluscicides Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Molluscicides Market.

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