Molluscicides Market earned USD 795 million in 2020 and projected to grow at a CAGR of 5.8% during the forecast period till 2028| Growth & Forecast Analysis

The Molluscicides Market was estimated around USD 795 million in 2020 and is predicted to grow at a CAGR of 5.8% CAGR over the forecast period (2021-2028).

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The factors driving growth of the Molluscicides Market includes rising awareness about controlling snail and slug infestations, growing demand for fertilizers and chemicals, introduction of environment-friendly molluscicide products, expansion of the agrochemical industry and improvements in the living standards. According to the report published by Bloomberg, the Global Fertilizers Market is estimated to reach USD 251.57 billion by the end of 2030, growing at a CAGR of 3.55% over the forecast period (2022-2030), which will accelerate the Molluscicides Market Growth in the approaching years. Moreover, growing adoption of advanced technologies by manufacturers, rising cultivation of high-value horticultural crops, increase in the launch of new products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, strategic mergers, and collaborations between companies, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the Molluscicides Market is hindered due to strict regulations regarding the use of molluscicides.

The major players operating in the market are Lonza, UPL, ADAMA Ltd., DE SANGOSSE BIOSOLUTIONS, Doff Portland Ltd, Certis Europe BV, BASF SE, Bayer AG, Syngenta Group and Marrone Bio Innovations, among others.

Based on Type, the Chemical molluscicides segment is predicted to grow at a significant CAGR during the forecast period

Chemical based molluscicides are easily available, cost effective and increasingly used for cultivating high-value horticultural crops, are propelling segment's growth.

Based on Form, the Pellet segment is projected to expand at a remarkable CAGR over the forecast period

Pellet molluscicides are used to control slugs and snails, easy to handle and are durable, are some of the features pushing segment's growth.

Based on Region, the North American region is anticipated to capture the largest market share during the forecast period

Presence of huge number of agricultural farms across United States, growing demand for fertilizers, rapid growth in the agrochemical industry, molluscicides are increasingly used to supply active ingredients and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.

Key Developments

In 2020, BASF SE opened its new crop protection facility in Singapore to raise its production capacity in the Asia-Pacific region. This will serve to the increasing demand from the farmers in the region for quality products for cultivation.
In 2019, ADAMA Ltd. acquired the French-Swiss crop protection company, SFP. This would allow the company to produce some of the active ingredients of SFP.

Market Segmentation

Segmentation by Type

Chemical molluscicides
Biological molluscicides

Segmentation by Form

Pellet
Liquids & gels

Segmentation by Application

Agricultural
Fruits & vegetables
Cereals & grains
Oilseeds & pulses
Non-agricultural
Commercial
Residential

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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