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Biological Molluscicides Market 2024 Analysis By Size, Share, Growth, Trends Up To 2033
Biological Molluscicides Global Market Report 2024
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According to The Business Research Company's, 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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Market Drivers and Trends:
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.
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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Major Key Players of the Market:
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.
Biological Molluscicides Market 2024 Key Insights:
• 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%.
• Expansion In The Agriculture Sector
• Technological Innovation To Focusing On Developing New Products
• North America was the largest region in the biological molluscicides market in 2023
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