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Biological Molluscicides Market Growth Report 2024-2033: Analysis and Outlook
Biological Molluscicides Market
Biological Molluscicides Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $9.06 billion In 2028 At A CAGR Of 8.5%.
The biological molluscicides market size has grown strongly in recent years. It will grow from $6.05 billion in 2023 to $6.54 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to agricultural productivity enhancement, rise in organic farming practices, resurgence of interest in natural products, public concerns about food safety, increased resistance to chemicals.
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.
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Biological Molluscicides Market Major 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 Driver - 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.
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Prominent Trend - 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.
Biological Molluscicides Market Players
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.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the biological molluscicides market in 2023. The regions covered in the biological molluscicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Biological Molluscicides Market Report Structure
3. Biological Molluscicides Market Trends And Strategies
4. Biological Molluscicides Market - Macro Economic Scenario
5. Biological Molluscicides Market Size And Growth
…..
27. Biological Molluscicides Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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