The global molluscicide market is projected to experience steady growth over the forecast period from 2023 to 2033, with sales expected to expand at a compound annual growth rate (CAGR) of 6.9%. This growth is anticipated to drive the market size to reach an estimated value of USD 247.4 million by 2033. Factors contributing to this expansion include increasing demand for effective pest control solutions in agriculture, rising awareness of crop protection, and growing adoption of molluscicides to prevent damage from mollusks such as snails and slugs. As the agricultural industry continues to embrace sustainable practices and demand for food production increases globally, the molluscicide market is poised for significant growth in the coming decade.
Growing focus on protecting crops from snail and slug infestation is a prominent factor expected to drive the global molluscicide industry.
Mollusks such as slugs and snails are harmful pests for fruits, crops, vegetables, ornamental plants, and ecosystems. They are known for their destructive nature on cultivated plants. As a result, need for controlling these pests is becoming more and more important day by day.
Molluscicides are substances or chemicals used to control or kill mollusks, especially those that pose threats to crops. These pesticides are being used across verticals such as agriculture, gardening, aquaculture, etc.
Rising food insecurity along with reduction in arable land is expected to positively influence molluscicide sales during the assessment period.
Mollusks are a great threat to agriculture, causing severe yield losses in a variety of crops globally. To address this and improve crop yield, farmers are increasingly utilizing biological and chemical molluscicides, thereby fostering market growth.
Another prominent factor boosting the target market is the growing popularity of biological molluscicides.
Due to limited number of chemical molluscicides on the market and awareness about their negative impact, end users are rapidly shifting their preference towards eco-friendly molluscicides.
The growth of the global molluscicide market is driven by several key factors:
- Increasing Agricultural Demand: As the global population grows, there is a heightened demand for food production, leading to greater adoption of pest control measures, including molluscicides, to protect crops from mollusks like snails and slugs, which can cause significant damage to various crops.
- Crop Protection Awareness: With the rising awareness of crop health and the importance of pest control in maintaining high agricultural yields, farmers are increasingly turning to molluscicides as effective solutions for preventing crop damage caused by mollusks.
- Rising Incidence of Mollusk-related Crop Damage: Mollusks are known to damage a wide range of crops, including vegetables, fruits, and cereals. This has prompted the need for effective molluscicides to mitigate economic losses in farming.
- Sustainable Agricultural Practices: The increasing focus on sustainable and integrated pest management (IPM) methods is leading to a shift towards more eco-friendly molluscicide products. This includes the development of biocides and organic molluscicides, which are appealing to environmentally conscious consumers and farmers.
- Technological Advancements in Pest Control: Innovations in molluscicide formulations, such as the development of more effective and less toxic solutions, are contributing to market growth. These advancements offer safer and more efficient alternatives for controlling mollusk populations without harming the environment or non-target species.
“Rising concerns about food insecurity and growing need for improving food protection are creating a conducive environment for the development of the molluscicide industry. To increase their sales and walk with the changing trends, key companies are focusing on developing natural and eco-friendly molluscicides.” – says a lead Future Market Insights (FMI) analyst
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Competitive Landscape
Bayer, Lonza, Certis USA L.L.C., Philagro, Zagro, Adama Agricultural Solutions, Agchem Manufacturing Corporation, AMGUARD Environmental Technologies, Neudorff, and Marrone Bio Innovations among others are few of the leading molluscicide manufacturers listed in the report.
These key players are concentrating on introducing new safe and eco-friendly molluscicides to help farmers in managing and controlling the population of mollusks. They are also inclined towards employing tactics such as acquisitions, facilities expansions, mergers, agreements, partnerships, and collaborations to solidify their market positions.
Recent developments:
- In June 2020, a novel ferric phosphate-based molluscicide called Gusto IRON was launched by ADAMA for controlling slug population in the United Kingdom.
- In December 2022,AgriNova New Zealand Ltd. was acquired by ADAMA Ltd. The acquisition will help the company to expand its offerings and solidify its position.
More Insights Available:
Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the global molluscicide industry presenting historical data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study reveals market projections based on source (biological and chemical), form (pellet and liquid/gel), application (agricultural and non-agricultural), and region (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and Middle East and Africa).
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