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Biological Molluscicides Global Market Estimated to Surge at a CAGR of 8.5% to Reach $9.06 Billion By 2028 | BASF SE, Bayer AG, Syngenta AG, Bayer CropScience Ltd., Lonza Group AG
Biological Molluscicides Global Market
The biological molluscicides market size is expected to see strong growth in the next few years. It will grow to $9.06 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to continued environmental emphasis, consumer demand for sustainable agriculture, increasing focus on biorational solutions, climate change impact on pest dynamics, market competitiveness. Major trends in the forecast period include advancements in formulations, development of target-specific products, integration into integrated pest management , collaborations and partnerships.
Market Overview -
Biological molluscicides refer to chemicals that are used to eradicate pest Mollusca species. It is used to control slugs and snails in gardens of a range of decorative and vegetable crops.
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Expansion In The Agriculture Sector
The expansion of the agriculture sector is expected to boost the growth of the biological molluscicides market going forward. The agriculture sector refers to businesses that include cultivating crops, breeding animals, and gathering fish and other wildlife from a farm, ranch, or their natural habitats. Biological molluscicides play a crucial role to prevent snails and slugs, and eliminating weeds, insects, and fungal pests, as a result, the expansion of the agriculture sector is expected to boost the biological molluscicides market. For instance, in 2022, according to a report published by the California Department of Food and Agriculture (CDFA), a US-based government organization, the sales value of agriculture in California, between the crop years of 2020 and 2021, increased by 3.6%. Additionally, California's agricultural export value increased to $22.5 billion, which is 7.0 percent more than in 2020. Further, organic sales in California climbed by 16.4% from $12.0 billion in 2020 to $14.0 billion in 2021. Therefore, the expansion of the agriculture sector is driving the growth of the biological molluscicides market.
Competitive Landscape -
Major companies operating in the biological molluscicides market report are BASF SE, Bayer AG, Syngenta AG, Bayer CropScience Ltd, Lonza Group AG, UPL Limited, Adama Ltd., Nufarm Limited, Arxada AG, PI Industries Ltd., Solenis LLC, Amvac Chemical Corporation, De Sangosse Ltd, Westland Horticulture Ltd, Koppert Biological Systems India Private Limited, Zagro, Certis UK, Liphatech Inc., Marrone Bio Innovations Inc., W. Neudoff GmbH KG, Vestaron Corporation, DBA DoMyOwn, Doff Portland Ltd, Bioworks Inc., Ensystex Inc., Pro Farm Group Inc., Phyteurop, Sinochem Crop Protection (phil.) Inc., Veterinary & Agricultural Product Manufacturing Co. Ltd.(VAPCO), Industrialchimica S.r.l.
Technological Innovation To Focusing On Developing New Products
Technological innovation is the key trend gaining popularity in the biological molluscicides market. Major companies operating in the biological molluscicides market are focusing on developing new products to sustain their position in the market. For instance, in November 2020, AgNova Technologies Pty Ltd, an Australia-based business that sources create, and sells specialized crop protection products, launched Metarex Inov, a new formulation of the already popular slug and snail bait Metarex. The unique feature of this product is the integration of Colzactive technology. The product excels in terms of attractiveness, better palatability, and speed of kill while maintaining well-known long-lasting protection, being IPM-friendly, and having superb ballistics. The effectiveness of Metarex Inov has been thoroughly tested under Australian circumstances.
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Key Segments -
The biological molluscicides market covered in this report is segmented -
1) By Type: Metaldehyde, Methiocarb, Ferrous Phosphate, Other Types
2) By Form: Pellet, Liquids, Gels
3) By Application: Field Crops, Horticultural Crops, Turf And Ornamentals, Industrial, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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