Dublin, May 27, 2021 (GLOBE NEWSWIRE) -- The "Molluscicides Market by Type (Chemical [Metaldehyde, Methiocarb, Ferric Phosphate] And Biological Molluscicides), Application (Agricultural and Non-Agricultural), Form (Pellets, and Liquid & Gel), and Region - Global Trends & Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The molluscicides market is estimated at USD 711 million in 2021 and is projected to reach USD 909 million by 2026. It is projected to grow at a CAGR of 8.5% from 2021 to 2026.
The market is primarily driven the increased commercial production of horticulture crops such as fruits, vegetables, herbs, and nuts in recent years. The demand for such crops of refined and varied characteristics has been increasing worldwide, thereby increasing the market for molluscicides products.
Molluscicide resistance is the natural ability of mollusks to survive exposure to strong active chemicals due to genetic modification and exhibit low susceptibility levels. Attaining this is the major challenge faced by the molluscicides industry.
The agricultural segment is projected to grow at the higher rate during the forecast period.
On the basis of application, the agricultural segment is projected to grow at the higher CAGR. Snails impact most horticulture crops; this necessitates the adoption of agrochemicals for slug and snail control. Moreover, since the investment in production is usually higher in horticulture as compared to field crops, the growth in the horticulture industry becomes a driver for the market for molluscicides.
The biological molluscicides segment is projected to be the faster-growing segment during the forecast period.
Based on type, the biological molluscicides segment is projected to be the fastest-growing segment during the forecast period. The increasing awareness about biological crop protection products has not only resulted in increased use of snail and slug control products but has also led to awareness about the potential for more profitable opportunities with minimum loss.
The pellets segment is projected to be the faster-growing segment during the forecast period.
Based on form, the pellets segment is projected to be the fastest-growing segment during the forecast period. Pellet formulations are usually recommended for small as well large cures, as dusting powders are ready for use; are more easily applied compared to other methods; are easily supplied; and are available in proper small packs, which are reasonably priced and easy to use.
Asia Pacific is projected to register the highest growth rate during the forecast period.
Asia Pacific is projected to be the fastest-growing market between 2021 and 2026. The usage of molluscicides is increasing gradually in developing economies due to continued growth in the major Asia Pacific economies and the increasing awareness about the use and benefits of molluscicides. The dominant form of agriculture in this region is wet-rice cultivation. These crops require a large amount of molluscicides. Thus, as food production is projected to increase in this region, so is the consumption of molluscicides.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Opportunities in the Molluscicides Market
4.2 Molluscicides Market, by Key Country
4.3 Molluscicides Market, by Type & Region
4.4 Molluscicides Market, by Form
4.5 North America: Molluscicides Market, by Key Crop Application & Country, 2021
4.6 COVID-19 Impact on the Molluscicdes Market
5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Increasing Population Density
5.2.2 Effects of Rapid Urbanization on Pest Population
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Rain-Fast Characteristic - An Important Attribute for the Increasing Demand for Molluscicides
5.3.1.2 Increase in Adoption of Agrochemicals in Developing Countries
5.3.1.3 Infestation of Golden Apple Snail in the Rice Fields of Asia
5.3.1.4 Demand for High-Value and Industrial Crops
5.3.2 Restraints
5.3.2.1 Limited Applicability
5.3.2.2 Geographical Limitation on Molluscicides Usage
5.3.2.3 Regulatory Restrictions on the Use of Molluscicide Products
5.3.2.4 Lack of Competence and Adequate Resources
5.3.2.5 Traditional Pest Control Methods Used by Farmers
5.3.3 Opportunities
5.3.3.1 Emerging Markets for Molluscicides in Asia-Pacific
5.3.3.2 Introduction of "Green Eco-Friendly" Molluscicide Products and the Growing Awareness for Mollusk Control
5.3.4 Challenges
5.3.4.1 Growth in Pest Resistance Against Chemical Compounds
5.3.4.2 Excessive Use of Harmful Chemicals Causing a Threat to the Environment
5.3.4.2.1 Metaldehyde Poisoning Risks and Extreme Usage of Other Harmful Chemicals
5.3.4.2.2 Bioaccumulation
5.3.4.2.3 Toxicity for Non-Target Organisms
5.3.4.2.4 Molluscicide-Tolerant Organisms
5.4 Impact of COVID-19 on Market Dynamics
5.4.1 COVID-19 to Drive the Demand for Pest Control as An "Essential Service"
5.4.2 COVID-19 Impact on the Molluscicides Supply Chain
6 Industry Trends
7 Molluscicides Market, by Application
8 Molluscicides Market, by Type
9 Molluscicides Market, by Form
10 Molluscicides Market, by Brand
11 Molluscicides Market, by Region
12 Competitive Landscape
13 Company Profiles
13.1 Key Players
13.1.1 Lonza Group
13.1.2 Bayer Ag
13.1.3 Basf Se
13.1.4 Adama Agricultural Solutions
13.1.5 Marrone Bio Innovations
13.1.6 American Vanguard Corporation
13.1.7 De Sangosse
13.1.8 Neudorff Gmbh
13.1.9 Doff Portland
13.1.10 Certis Europe
13.1.11 Syngenta Group
13.1.12 Pi Industries
13.1.13 Upl Limited
13.1.14 Liphatech
13.1.15 Grazers
13.2 Other Players
13.2.1 Farmco Agritrading Ltd
13.2.2 Monterey Lawn & Garden
13.2.3 Agro Advanced International Ltd
13.2.4 Westland Horticulture Ltd.
13.2.5 Animal Control Technologies Ltd.
13.2.6 Qingdao Agro-Unitek Cropscience Co. Ltd
13.2.7 Impex Europa S.L.
13.2.8 Industrialchimica
13.2.9 Garden Safe
13.2.10 Nufarm
14 Adjacent & Related Markets
15 Appendix
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