|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD
758.68 Million
|
|
CAGR
(2023-2028)
|
8.54%
|
|
Fastest
Growing Segment
|
Pellets
|
|
Largest
Market
|
Asia
Pacific
|
Market Overview
Global
Molluscicides Market has valued at USD 758.68 Million in 2022 and is anticipated to
project impressive growth in the forecast period with a CAGR of 8.54% through 2028. Molluscicides are chemical agents
specifically formulated for the control and eradication of mollusks, such as
snails and slugs. They encompass substances like metaldehyde, iron phosphate,
methiocarb, sodium chloride, copper sulfate, and copper hydroxides. By
targeting the nervous and digestive systems of mollusks, they induce paralysis
and eventual mortality. Molluscicides find wide-ranging applications in the
agricultural sector, including farming, gardening, horticulture, agricultural
research, and pest control. These agents effectively reduce mollusk populations
and mitigate their adverse effects on crops, gardens, and structures.
The
market growth is being propelled by the implementation of supportive government
policies aimed at educating farmers and promoting the adoption of pest control
solutions, including molluscicides. These initiatives are crucial in addressing
agricultural challenges, enhancing food security, and boosting productivity.
Moreover, the aquaculture industry extensively employs molluscicides to ensure
the healthy development of farmed species and control mollusk populations in
lakes, ponds, and other aquaculture facilities, thereby contributing to market
expansion. Furthermore, the adoption of molluscicides in integrated pest
management (IPM) practices, which offer a holistic and sustainable approach to
pest control, is driving market growth. Other factors such as the increasing
incidence of plant diseases, growing demand for natural and
environmentally-friendly molluscicides, and rising concerns regarding food
safety and quality are expected to further propel market growth.
Key Market Drivers
Increasing Incidences of Plant
Diseases
The
rising incidences of plant diseases across the globe are expected to
significantly fuel the demand for molluscicides. Mollusks, such as snails and
slugs, can serve as carriers of various plant pathogens, which in turn can lead
to the widespread occurrence of plant diseases. These diseases have the
potential to devastate crops and pose a significant threat to global food
security. The impact of these plant diseases goes beyond just reducing the
yield and quality of crops. They also result in increased costs associated with
crop management, creating an economic burden for farmers. In this context,
molluscicides, with their specific action against mollusks, are seen as a
potent tool in the fight against plant diseases. By effectively controlling the
mollusk population, molluscicides can help mitigate the risk of disease
transmission to crops.
This
becomes especially crucial in the face of changing climatic conditions, which
often favor the proliferation of mollusks and subsequently increase the
potential for disease spread. The need for effective control measures is
further underscored by the anticipated growth of the global molluscicides
market. Moreover, awareness campaigns initiated by government bodies and
agricultural institutions worldwide play a vital role in emphasizing the
importance of pest control for disease prevention and improved crop yield.
These campaigns are expected to contribute to the increasing demand for
molluscicides in the years to come, as they highlight the significance of
implementing proactive measures to safeguard crops and enhance agricultural
productivity.
Increasing Demand for
Horticulture Across the Globe
The
global horticulture sector is experiencing a significant surge in demand,
driven by the growing population, shifting dietary patterns, and escalating
urbanization. This burgeoning demand for horticultural products is anticipated
to boost the use of molluscicides as farmers and horticulturists grapple with
the challenge of mollusk infestations in their crops. Mollusks, including
snails and slugs, are notorious pests in horticulture, causing substantial
damage to a wide variety of vegetables, fruits, and ornamental plants. The
application of molluscicides presents an effective strategy to protect these
high-value crops, ensuring their quality and yield. In addition, the rise of
urban gardening and landscaping is expected to further bolster the molluscicide
market as these urban spaces often provide suitable habitats for mollusks.
Hence, molluscicides are used not only to maintain the aesthetic value of these
landscapes but also to prevent potential mollusk invasions that can pose a
serious threat to biodiversity. Furthermore, the increasing emphasis on
sustainable farming practices and the use of environmentally friendly pest
control solutions, such as bio-molluscicides, is set to propel the molluscicide
market. These factors, coupled with supportive government policies and the
growing awareness about the benefits of molluscicides, are predicted to enhance
the global molluscicide market in response to the escalating demand for
horticulture.
Significant
Growth in The Agriculture Industry
The
agriculture industry has been witnessing remarkable growth in recent years,
primarily driven by the increasing demand for food worldwide. In response to
this trend, the use of molluscicide sides has become widespread in the
cultivation of various crops including fruits, vegetables, cereals, grains, and
field crops. These molluscicide sides serve multiple purposes, such as
safeguarding foliage and seeds from damage, reducing infestation, boosting
production yield, preventing contaminations, and ensuring a successful harvest.
Moreover,
molluscicides also play a crucial role in preventing the spread of plant
diseases and promoting healthier growth. By adopting precision agriculture
technology, farmers can precisely apply molluscicides based on site-specific
pest monitoring and mapping. This innovative approach not only improves
efficiency but also saves costs, optimizes resources, and prevents
overutilization of molluscicide. As a result, the market for molluscicide sides
is experiencing significant growth due to the numerous benefits it offers to
the agriculture sector.
Extensive Research & Development (R&D)
Activities
Molluscicides
have witnessed significant advancements in recent years, driven by the goal of
enhancing their efficacy, minimizing environmental pollution, and improving
ease of use. These innovations have led to the development of bio-based
molluscicides, utilizing plant extracts, essential oils, microbial agents, and
biopesticides derived from bacteria or fungi. These bio-based solutions
specifically target mollusks, promoting market growth. Additionally, the
introduction of nanotechnology-based molluscicide formulations has
revolutionized the industry. These formulations allow for the targeted release
of active ingredients, maximizing efficacy while minimizing environmental
exposure. This technological breakthrough has become a key driver for market
growth.
Furthermore,
the development of bio-rational molluscicides has provided a more sustainable
approach. These innovative solutions are designed to target specific biological
mechanisms of mollusks, resulting in lower impact on non-targeted organisms and
ecosystems. This focus on ecological balance has further fueled the positive
growth of the market. Overall, the continuous advancements in molluscicides,
including bio-based solutions, nanotechnology-based formulations, and
bio-rational approaches, are poised to shape the future of the industry by
improving effectiveness, reducing environmental impact, and ensuring long-term
sustainability.
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Key Market Challenges
Regulatory Restrictions on The
Use of Molluscicide Products
Snails
and slugs are notorious for causing significant agricultural damage. As a
result, farmers employ a range of control measures to combat these pesky creatures.
While chemical control solutions are available, they are considered a last
resort if other procedures prove to be insufficient. This is due to the high
toxicity and disastrous consequences that hazardous pesticides can have on the
ecosystem when they infiltrate food systems. For instance, the European Union
(EU) has imposed restrictions on the usage of methiocarb slug pellets due to
the risks they pose to grain-eating agricultural birds such as sparrows and
finches. These restrictions are in place to protect the delicate balance of the
ecosystem and ensure the well-being of these avian species.
Another
principal slug pellet product utilized is metaldehyde, which is considered an
emerging contaminant. It is increasingly being detected in watercourses, often
surpassing the EU statutory drinking water limit of 0.1 μg L⁻¹ for pesticides. This raises concerns
about the potential impact on water quality and the need for stricter
regulations to prevent contamination. As farmers strive to find effective and
environmentally friendly solutions to combat snails and slugs, the careful
consideration of control measures becomes crucial. Balancing the need for pest
management with the preservation of the ecosystem is paramount in ensuring
sustainable agriculture practices.
Limited Applicability of
Molluscicides
The
limited applicability of molluscicides, stemming from their specific target
organisms, is projected to decrease their global demand. Molluscicides are
designed primarily for the eradication or control of mollusks, such as snails
and slugs, limiting their efficacy against other pests. Consequently, farmers
and pest control companies may opt for more comprehensive pest control
solutions that can address a wider range of threats to crops and gardens.
Additionally, the use of molluscicides in aquaculture, while effective for
mollusk population control, doesn't extend to managing other aquatic pests or
diseases that can impact farmed species. This limited scope of application may
also lead to decreased uptake in this sector. Furthermore, the increasing prominence
of environmentally friendly and sustainable alternatives is expected to further
diminish molluscicide demand. Many of these alternatives, such as biological
control methods, offer broader applicability and align better with present-day
environmental and sustainability goals. Therefore, while molluscicides will
still hold importance in specific areas, their limited applicability is
anticipated to curb global market growth.
Key Market Trends
Widespread
Product Application in The Aquaculture Industry
The
rising demand for molluscicides in the aquaculture industry is poised to
significantly fuel the global molluscicide market. This surge in demand is
largely attributable to the extensive application of these agents in promoting
the healthy development of farmed species and controlling the mollusk
population in aquaculture facilities such as lakes and ponds. Mollusks often
pose a great threat to these facilities, as they cause substantial damage to
aquatic organisms and infrastructure. The use of molluscicides helps to
effectively mitigate these risks, ensuring the welfare of the farmed species
and optimizing the productivity of the facilities. Moreover, the growing global
emphasis on sustainable aquaculture, coupled with the increasing demand for
high-quality seafood products, is further propelling the use of molluscicides
in the industry. These trends are bolstered by the continuous advancements in
molluscicide formulations, ensuring effective control with minimal impact on
non-target species and the environment. All these factors are collectively
fostering the integration of molluscicides in the aquaculture sector, thereby
boosting the global demand for these products.
Growing Demand for Natural &
Environmental-Friendly Molluscicides
The
increasing demand for natural and environmentally-friendly molluscicides is
expected to significantly propel the global demand for molluscicides. Conscious
consumers are gradually shifting their preferences towards products that do not
cause ecological harm, a trend that has not bypassed the realm of pest control.
Accordingly, there is a growing interest in molluscicides that are derived from
natural sources and do not harm non-target organisms or the environment.
Natural molluscicides, like iron phosphates, are perceived as safer
alternatives to synthetic products and are particularly appealing to organic
farmers and gardeners who are committed to sustainable practices. Moreover,
these products are effective against a variety of mollusks, including snails
and slugs, without posing risks to humans, pets or wildlife. This versatility
further increases their desirability. The rise in organic farming globally, in
response to increasing concerns about food safety and quality, is expected to
continue driving the demand for natural and environmentally-friendly
molluscicides. This trend is further buoyed by supportive government policies
promoting sustainable agriculture and integrated pest management strategies.
With the mounting pressure to reduce the environmental footprint of agriculture
and preserve biodiversity, the prospects for the natural and
environmentally-friendly molluscicides market look promising.
Segmental Insights
Type Insights
The global molluscicides market is categorized into chemical
molluscicides and biological molluscicides based on type. In 2022, the chemical
molluscicides segment held the largest revenue share in the market. The
increasing demand for chemical molluscicides has led to a higher utilization of
agrochemicals and their application in the cultivation of high-value
horticultural crops. Prominent chemical molluscicides include methiocarb,
metaldehyde, ferrous phosphate, and others such as metal salts and ferric sodium
EDTA. Chemical molluscicides have been widely employed for several decades to
control snails and slugs. Manufacturers prefer using efficient chemical
molluscicides like copper and iron sulfate. Copper sulfate is particularly
effective in controlling grey slug species, while iron sulfate is an
environmentally friendly option favoured by certified organic growers for slug
management.
On the other hand, the revenue of the biological molluscicides
segment is expected to witness significant growth during the forecast period.
Increased awareness about the effectiveness of biological molluscicides for
crop protection, coupled with a better understanding of the potential for more
profitable opportunities with minimal loss, has resulted in the frequent use of
slug and snail control agents.
Application Insights
Based on the Application, the global
molluscicides market is categorized into agricultural and non-agricultural
segments. The agricultural segment is projected to experience significant
revenue growth throughout the forecast period. Mollusk species pose a severe
threat to crops, leading to substantial agricultural losses. Damage caused by
slugs and snails varies depending on the season and year. These destructive
pests can cause extensive harm to cereal crops such as oats, wheat, oilseeds,
and barley, as well as ornamental plants and vegetables. Mollusks feed on seeds
and plants, both above and below the ground, impairing leaves, shoots, flowers,
and roots, thereby reducing plant health and crop yields. Consequently, the
utilization of molluscicides in agriculture is becoming increasingly widespread
to safeguard crops from mollusk infestation, which is anticipated to drive the
growth of the global molluscicides market during the forecast period.
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Regional Insights
The Asia Pacific market is projected to exhibit
the highest compound annual growth rate (CAGR) in the global molluscicides
market during the forecast period. The use of molluscicides is expanding in developing
countries due to the ongoing expansion of major APAC economies and increasing
awareness of their efficacy. Wet-rice cultivation is a prevalent agricultural
practice in the APAC region.
In the global molluscicides market, the North
America market is anticipated to capture a significant revenue share over the
forecast period. The presence of vast agricultural land in the United States is
driving the region's demand for molluscicides. North America is known to have a
substantial population of snails, which can reproduce multiple times, resulting
in the production of 200 to 500 eggs per month and causing substantial crop
damage within a short span of time. Farmers are inclined to use molluscicides
to combat the detrimental impact of slugs and snails, as their presence leads
to a decline in agricultural yield. The increased planting area of crops and
rising demand for agrochemicals to combat agricultural pests are driving the
market expansion in North America.
Recent Developments
- In June 2020, ADAMA introduced its latest molluscicide, Gusto IRON,
based on ferric phosphate. This innovative product is specifically designed for
effective control of slug populations in the challenging growing conditions of
the United Kingdom.
- In January 2020, BASF SE inaugurated a state-of-the-art plant
protection facility in Singapore, further strengthening its manufacturing
capabilities in the Asia Pacific region. This strategic move aims to meet the
growing demand for high-quality agricultural products from local farmers in the
region.
- In
October 2020, American Vanguard Corporation successfully completed the
acquisition of Agrinos (US), a renowned leader in biological agricultural
inputs. This strategic partnership allows the company to expand and diversify
its product portfolio in North America.
Key Market Players
- 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
|
By
Type
|
By
Form
|
By
Application
|
By
Region
|
|
|
- Pellets
- Powder
- Liquids
- Gels
|
- Agricultural
- Non-Agricultural
|
- North
America
- Europe
- Asia
Pacific
- South
America
- Middle
East & Africa
|
Report Scope:In this report, the
Global Molluscicides Market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
·
Molluscicides Market, By Type:
o
Chemical
o
Biological
·
Molluscicides Market, By Form:
o
Pellets
o
Powder
o
Liquids
o
Gels
·
Molluscicides Market, By Application:
o
Agricultural
o
Non-Agricultural
·
Molluscicides Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
§ Turkey
§ Egypt
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the Global Molluscicides Market.
Available Customizations:
Global
Molluscicides market report with
the given market data, TechSci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
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