The global molluscicide industry is poised for robust growth over the forecast period from 2023 to 2033, with sales expected to increase at a compound annual growth rate (CAGR) of 6.9%. This sustained growth trajectory is projected to elevate the market size from its current levels to an impressive valuation of USD 247.4 million by 2033. Rising agricultural activities, increasing awareness about crop protection, and the growing need to mitigate damage caused by mollusks in key crops such as rice, wheat, and vegetables are key drivers fueling demand. Additionally, advancements in molluscicide formulations and the introduction of eco-friendly and bio-based products are further augmenting market expansion.
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.
Key Market Shaping Factors Driving Molluscicide Demand
The global molluscicide market is witnessing significant growth, driven by several pivotal factors shaping its trajectory. These include the rising focus on improving crop protection, the increasing prevalence of pests, and advancements in eco-friendly agrochemical solutions. Below are the key elements fueling the demand for molluscicides:
1. Growing Focus on Improving Crop Protection
With the global emphasis on ensuring food security, there is an increasing need to safeguard crops from various threats, including mollusk species. Molluscicides have emerged as essential tools for protecting agricultural yields from damage caused by snails and slugs.
2. Rising Demand for Agricultural Products
The expanding global population is driving the demand for agricultural products such as fruits, vegetables, and grains. This has led to higher adoption of molluscicides to prevent crop losses and ensure sustainable food production.
3. Managing Snail and Slug Infestations
Effective management of mollusk infestations has become critical for improving crop yields. Molluscicides are widely used to control these pests, which otherwise pose a significant threat to agricultural productivity.
4. Surging Adoption of Agrochemicals
Developing nations are experiencing a rise in the adoption of agrochemicals, including molluscicides, as part of their efforts to boost agricultural output and modernize farming practices.
5. Development of Eco-Friendly Molluscicide Products
The increasing focus on sustainability has encouraged manufacturers to develop green, eco-friendly molluscicides. These products are gaining popularity for their ability to minimize environmental impact while effectively controlling pests.
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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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