(MENAFN- Techsci Research) 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.
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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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