Global Molluscicides Market: Synopsis
The report published by Market Research Future (MRFR) states that the global the global Molluscicides Market is expected to register a CAGR of 8.67% from 2022 to 2030 and reach USD 889 million by the end of 2030. Mollusks are pests which feed on crops. Most common mollusks are snails and slugs. Snail and slugs feed on leaves, stems, and roots of plants.
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Molluscicides are particularly developed for controlling and destroying the mollusks that feed on crops, leading to deterioration of crop quality and yield. Rapid rise in population is leading to an increased need for good quality food in the global market. Increasing demand for effective agrochemicals for controlling mollusk infestation on the crops and rise in utilization of molluscicides to improve the crop quality and productivity are majorly fueling the growth of the global molluscicides market. However, side effects of some molluscicides as they damage crops along with mollusks are restraining the growth of the global molluscicides market during the assessment period.
Global Molluscicides Market: Segmental Analysis
The global molluscicides market is segmented on the basis of type and application. Based on type, the global molluscicides market has been segmented into metaldehyde, iron phosphate, nicodamid, and others. Among these, the metaldehyde segment commands the dominant share on the global molluscicides market and is anticipated to expand substantially in the global molluscicides market during the assessment period. Easy availability and affordable cost of the product are majorly driving the expansion of this segment. However, the iron phosphate segment is anticipated to project moderate growth during the forecast period.
Based on application, the global molluscicides market has been segmented into grains and cereals, oil seeds, fruits and vegetables, ornamentals, and others. Among these, the fruits and vegetable segment commands the maximum share of the global molluscicides market followed by ornamentals. Increasing demand for fruits and vegetables among the consumers is anticipated to contribute to the expansion of this segment over the review period.
Global Molluscicides Market: Regional Analysis
Geographically, the global molluscicides market has been segmented into four major regions such as North America, Asia Pacific, and the rest of the world. The North America region commands the dominant share of the global molluscicides market owing to the increasing availability of agrochemicals that are highly effective in controlling mollusk infestation and increased incorporation of advanced technology for improving the quality of products and their production process in this region. The Asia Pacific region is projecting noteworthy growth in the global molluscicides market owing to the high demand for crop-friendly molluscicides because of increased concerns regarding the infestation of golden apple snails in the rice fields of Asian countries. Increased research for the development of environment-friendly agrochemicals is propelling the growth of the molluscicides market in the Europe region.
Global Molluscicides Market: Industry Updates
In December 2018, researchers from Oregon State University had published a study stating that the essential oils from thyme and spearmint can be effectively used as molluscicides without causing any harm to the environment or the crops.
In March 2018, Marrone Bio Innovations, Inc., a provider of bio-based pest management and plant health products for agriculture, water treatment, and other industries, has announced that it has signed a distribution agreement with Solenis, an expert in water treatment and process chemistries. This agreement has been signed to provide Zequanox molluscicide treatment programs for semi-enclosed and enclosed water systems in the U.S. and Canada.
Global Molluscicides Market: Key Players
Some of the prime players profiled by Market Research Future (MRFR) that are operating in the global molluscicides market are Lonza Group AG (Switzerland), BASF SE (Germany), Marrone Bio Innovations, Inc. (the U.S.), Bayer Crop Science (Germany), Adama Agricultural Solutions (Israel), De Sangosse SAS (France), and Amvac Chemical Corporation (the U.S.)
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