Global Molluscicides Market Outlook

Molluscicides Market, valued at USD 0.5 Billion in 2022, is set to witness substantial growth, reaching USD 1.06 Billion by 2032, with a robust compound annual growth rate (CAGR) of 8.69% during the forecast period (2023-2032). This growth is propelled by the increased utilization of agrochemicals and the expansion of high-value horticultural crop cultivation in emerging nations.

Molluscicides are specialized chemical substances designed to control or eliminate mollusks, a diverse group of invertebrates that includes snails and slugs. These creatures pose a significant threat to agriculture, causing damage to crops and resulting in economic losses. Molluscicides find application across various industries such as agriculture, gardening, horticulture, and aquaculture, providing protection to plants and crops against mollusk infestations.

Segment Analysis

The Molluscicides market is segmented based on Type, Form, and Crop Type.

• Type Segment:

  • Chemical Metaldehyde: Dominated the market in 2022, with the growing use of agrochemicals in high-value horticultural crops fueling demand.
  • Methiocarb, Ferric Phosphate, Biological, and Others: Contribute to the expanding market, catering to specific needs and preferences.

• Form Segment:

• Dry: Dominated the market in 2022 due to ease of handling and the popularity of pelleting for effective slug and snail control.
• Liquid: Offers competition, with considerations for chemical composition and longevity under field conditions influencing success.

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• Crop Type Segment:

  • Vegetables & Fruits, Cereals & Grains, Oilseeds & Pulses, Ornaments and Turf, and Others: Cereals & grains segment led the market in 2022, witnessing increased demand for crop protection.

Regional Analysis

The global Molluscicides Market outlook is geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

• Asia Pacific:

  • Dominated the market in 2022 (45.80%) due to the introduction of the golden apple snail in Asian rice fields.
  • China held the largest market share, while India exhibited the fastest-growing market.
  • Adoption of contemporary agricultural practices, like integrated pest management, is contributing to market growth.

• North America:

  • Accounted for a significant market share in 2022, driven by the rising demand for foods, including fruits, vegetables, cereals, and grains.
  • The U.S. held the largest market share, with Canada experiencing the fastest growth in the region.

• Europe:

  • Expected to register significant growth from 2023 to 2032, driven by increased high-value horticulture crop production.
  • Germany held the largest market share, while the U.K. witnessed the fastest growth in the European region.

Key Findings of the Study:

• The global Molluscicides Market is projected to reach USD 1.06 Billion by 2032, with a CAGR of 8.69%.
• Europe's Molluscicides market is expected to experience substantial growth, fueled by increased high-value horticulture crop production.
• In the Type segment, Chemical Metaldehyde dominated the market in 2022.
• Key players in the Molluscicides Market include Lonza Group AG, Bayer Cropscience AG, BASF SE, ADAMA Agricultural Solutions, Marrone Bio Innovations, and others.

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