Molluscicides Market: Global Industry Analysis and Forecast (2024-2030)

Molluscicides Market Overview:

Molluscicides, also known as snail baits, snail pellets, or slug pellets, are mollusk insecticides that are typically used in agriculture or gardening to manage gastropod pests such as slugs and snails that munch on crops or other valuable plants. Agricultural, Fruits & vegetables, Cereals & grains, Oilseeds & pulses, Non-agricultural, Commercial, and Residential are the applications of the Molluscicides. The report on the Molluscicides Market is studied and values are forecasted for segments on the basis of type, form, application and region.

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COVID-19 Impact on the Molluscicides Market:

The breakout of COVID-19 and the efforts used to contain the pandemic are wreaking havoc on the global farm sector. Despite the fact that demand for pest management chemicals such as insecticides and molluscicides has increased, the COVID-19 pandemic has had a substantial impact on supplies. During the pandemic, a sudden and unexpected increase in demand for pest control left manufacturers, suppliers, and retailers scrambling to keep active products on the shelves. Labour shortages and a reduction in the supply of raw materials are the result of movement restrictions and diseases. Delays in active ingredients, which are utilised as raw materials in chemical pest control solutions, have also been caused by the disruption in supply networks.

Molluscicides Market Dynamics:

Agricultural technology advancements have resulted in a shift in farming approaches. As a result of increased export and import of agricultural commodities across varied geographies, particularly in developing countries, new forms of harmful organisms have emerged, necessitating the development of innovative active component solutions to protect crops. Globalization of the agrochemical sector has had a considerable impact on Asian crop protection markets. The demand for various agrochemicals such as herbicides and pesticides are increasing due to the greatest rate of population increase, increasing the requirement for food production, and industrial growth. This increased demand from agrochemicals is major foctor behind the molluscicides market growth. While the demand for food items in Asia Pacific developing countries is increasing, the amount of land accessible for agriculture is decreasing due to increased urbanization, which motivates farmers to use agrochemicals to maintain soil health and increase land productivity.

Farmers utilize a variety of control strategies to combat slugs and snails, which cause major crop damage. Chemical control solutions are considered a final resort if these approaches are not determined to be sufficient. Due to their high toxicity levels and catastrophic consequences on the ecosystem when they enter food systems, strict restrictions and procedures are in place to prohibit the widespread use of dangerous pesticides. The European Union, for example, has banned the use of methiocarb slug pellets due to their risk to grain-eating farm birds like finches and sparrows. Metaldehyde, which is considered an emerging contaminant and is increasingly frequently found in watercourses above the EU statutory drinking water limit of 0.1 g L, is the other primary slug pellet product employed. These strict restrictions from the various governement are restraining molluscicides market growth.

Molluscicides Market Segment Analysis:

The Molluscicides Market is segmented By Application, Type, and Form.

Based on the Type, the market is segmented into Chemical molluscicides, and Biological molluscicides. Chemical molluscicides segment is expected to hold the largest market shares of xx% by 2030. The increased acceptance of agrochemicals and their application in the growing high-value horticulture crops is related to the growth of the chemical molluscicides market. Chemical molluscicides are widely available and inexpensive, and they are shipped to various parts of the world. These variables all play a role in the rising demand for chemical molluscicides all over the world.

Based on the Form, the molluscicides market is segmented into Pellet, and Liquids & gels. Pellet segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. Pellets, as opposed to liquids and gels, have a larger market share due to their ease of handling. Pelletizing is the most popular and successful method of slug and snail management. Pellets' efficiency is determined by their chemical composition, particularly the presence of slug-attracting elements, as well as their longevity in the field.

Molluscicides Market Regional Insights:

Asia Pacific region is expected to dominate the Molluscicides market during the forecast period 2024-2030. Asia Pacific region is expected to hold the largest market shares of xx% by 2030. Asia Pacific, as the world's largest and most populous continent, is one of the most significant markets for molluscicides. For the year 2018, this region has the highest market share of 30% of global molluscicide output, and it is expected to grow at a CAGR of 5.5% over the forecast period. One of the explanations for this tendency could be increased public awareness about crop protection and yield optimization.

The objective of the report is to present a comprehensive analysis of the Molluscicides Market to the stakeholders in the industry. The report provides trends that are most dominant in the Molluscicides Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the Molluscicides Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Molluscicides Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Molluscicides Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Molluscicides Market is aided by legal factors.

Molluscicides Market Scope:

Molluscicides Market Key Players

• BASF SE (Germany)
• Bayer AG (Germany)
• Syngenta Group (Switzerland)
• Lonza Group (Switzerland)
• UPL Limited (India)
• Adama Agricultural Solutions (Israel)
• Marrone Bio Innovations (US)
• De Sangosse (UK)
• Doff Portland (UK)
• Certis Europe (Netherlands)
• PI Industries (India)
• Neudorff GmbH (Germany)
• Liphatech (US)
• Monterey Lawn & Garden (US)
• Agro Advanced International Ltd (China)
• Westland Horticulture (UK)