Molluscicides Market To Grow With an Impressive CAGR During the Forecast Period
Demands for high yielding crops is
driving the growth in Global Molluscicides Market in the forecast period,
2022-2026.
According
to TechSci Research report, “Global Molluscicides Market By Type (Chemical v/s
Biological) By Form (Pellets, Powder, Liquids & Gels) By Application
(Agricultural v/s Non-Agricultural) By Region, Competition Forecast &
Opportunities, 2026”,
the global molluscicides market may potentially project an impressive growth in
the forecast period, 2022-2026, with an impressive CAGR on the account of rapidly
evolving technologies that aid the higher yielding horticulture crops.
Increased import and export of agricultural commodities across the world is
anticipated to further drive the growth of the global molluscicides market in
the upcoming five years. Rapidly increasing demand for the novel active
ingredient products to safeguard crops along with the increasing globalization
of the agrochemical industry is substantiating the growth of the global
molluscicides market in the next five years. Furthermore, increasing world
population, rising concerns toward providing food for the growing population,
and economical growth of the countries is aiding the growth of the global
molluscicides market in the future five years of forecast until 2026.
Molluscicides or commonly known as snail baits are
the pesticides that are used against mollusks that destroy the agricultural
crop. The category includes types of snail baits, slug pellets, and snail
pellets. These pesticides are actively utilized in agriculture along with
gardening so that the plants and crops can be saved from gastropod pests. The
damage is caused by mollusks is disastrous since the destroy the whole plant.
Chemical agents used in molluscicides include metal salts like aluminum
sulfate, iron (III) phosphate, and ferric sodium EDTA, etc.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on " Global Molluscicides Market".
The global molluscicides market is segmented by
type, form, application, competitional landscape, and regional distribution. Based
on form, the market is further divided among pellets, powder, liquids &
gels. Pellets sub-segment is expected to hold the largest revenue shares of the
market and dominate the market segment in the upcoming five years, on the
account of ease of handling. Moreover, pellets are the most common and
effective technique that are used to control mollusks like slugs, and snails.
The effective ness of the pellets due to their comical content, especially the
presence of constituents that attracts slugs and their durability under the
atmospheric condition is driving the growth of the pellets shares in the
market, thereby substantiating the growth of the global molluscicides market in
the next five years.
Based on type, the market is further differentiated
into chemical and biological. Chemical molluscicides are anticipated to hold
the largest revenue shares of the market and dominate the market segment on the
account of surging demands for saving the horticulture crops using
molluscicides. The chemical molluscicides are highly effective in getting rid
of mollusks although the legal rights and regulations puts a frail restraint
over the growth of the global molluscicides market. Biological molluscicides
are expected to register fastest growing CAGR growth in the next five years on
the account of surging demand for organic and healthier methods of removing
mollusks from the crop plants. Moreover, rapidly evolving technologies is
further aiding the growth of the global molluscicides market in the future five
years of forecast until 2026.
Holding the major shares of the 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, among others. Market
players are actively involved in the research and technological development in
the product developments. The advanced technology has made it possible for the
industry to provide excellent services through molluscicides. Further
advancement would aid the market value and brand establishment in the future
five years. New market players may focus on the research and development to
provide options that satisfies the consumer demand as well as benefits the
market players in building their brand value. Other competitive strategies
include mergers & acquisitions and new product developments.
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“Asia Pacific is the most promising
market in terms of future growth prospects. The market is anticipated to show a
robust growth on the account of rapidly emerging economies like China and India
playing vital role in supplying active ingredient like metaldehyde as a raw
material. Moreover, North America and Europe are expected to show significant
growth in the future on the backbone of rapidly increasing market players in
the regions. New market players anticipating entering the future market, must
invest and involve themselves in extended research and development of herbal
and organic molluscicides such that the legal issues and rules and regulations
regarding use of pesticides on the horticulture crops can be mediated. Brand
establishment will require product development that are efficient and effective
against mollusks,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based Global management consulting firm.
“Global Molluscicides
Market By Type (Chemical v/s Biological) By Form (Pellets, Powder, Liquids
& Gels) By Application (Agricultural v/s Non-Agricultural) By Region,
Competition Forecast & Opportunities, 2026”, has evaluated the future
growth potential of global molluscicides 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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