Global Molluscicides Market is valued approximately at USD 655.3 million in 2020 and is anticipated to grow with a healthy growth rate of more than 8.5% over the forecast period 2021-2027. Molluscicides are poisons that destroy slugs, snails, and other mollusks. Molluscicides are most commonly used as snail pellets or snail baits. Farmers are increasingly using molluscicides on their crops as a result of growing crop losses due to the presence of snails and slugs. Crop management changes such as direct drilling and high organic build have resulted in an increase in the population of slugs and snails, reducing crop productivity. Chemical methods based on ferric phosphate, met-aldehyde, and methiocarb are effective at controlling slugs and snails, but they are also harmful to beneficial insects. Furthermore, Molluscicides Market is driven by increasing food demand and growing uses of agrochemical in developing countries. The global population is growing at an unprecedented rate, and nearly 200,000 people are added to the global food market every day, with a predicted population of 9.2 billion by 2050. Food security has become a global concern as the world’s population continues to grow. To meet the global food demand, farmers use crop security as a key strategy. Pesticides on crops are a proven method of increasing global food production. Developing countries have shown a high demand for molluscicides. Furthermore, Growing Demand for high-value and industrial crops is also propelling the market in upcoming years. However, Government Regulatory restrictions, may impede market growth over the forecast period of 2021-2027.
During the forecast period, Asia Pacific is expected to be the fastest-growing region. Emerging economies such as China and India supply active ingredients (chemicals like metaldehyde) as raw materials to the North American and European markets. However, Awareness among people regarding crop protection and optimizing yield can be one of the reasons for this trend.
Major market player included in this report are:
Animal Control Technologies Ltd
Adama Agricultural Solutions
Marrone Bio Innovations
Advanced International Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Liquids & gels
Fruits & vegetables
Cereals & grains
Oilseeds & pulses
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Molluscicides Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers