Global Molluscicides Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Molluscicides Market Introduction:

“The global Molluscicides Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Molluscicides referred as snail baits and snail pellets, are pesticides used to prevent from molluscs such as snail and slugs. Molluscicides are usually used in agriculture or gardening, in order to control gastropod pests which damage crops or other plants.

Market Dynamics:

Increasing adoption and demand for molluscicides owing to rain-fast characteristic, is a key factor expected to drive growth of the global molluscicides market over the forecast period. In addition, increasing adoption of agrochemicals in developing countries and infestation of golden apple snail in the rice fields in Asia, are expected to further fuel growth of the target market over the forecast period. Moreover, rapid urbanization coupled with growing adoption of high value horticulture crops, is another factor anticipated to propel growth of the target market over the forecast period.

However, stringent regulations on use of hazardous chemicals as a pesticide, is a major factor expected to hamper demand and restrain revenue growth of molluscicides market over the forecast period. In addition, availability of traditional pest control methods, is another factor expected to hinder growth of the target market during the forecast period.

Increasing awareness about controlling molluscs, is expected to create a lucrative opportunity for growth of the target market in the next coming years. Furthermore, introduction of eco-friendly molluscicide products is anticipated to create a lucrative opportunity for players operating in the global molluscicides market over the forecast period.

Segment Insights:

On the basis of product type, the chemical molluscicides segment is expected to account for highest revenue share in the target market. Increasing demand for horticultural crops owing to rising population is expected to drive revenue growth of this segment over the forecast period.

On the basis of form, the pellets segment is expected to hold major share in terms of revenue in the target market over the forecast period, due to their ease of handling.

On the basis of application, the agricultural segment is expected to account for major revenue share in the global molluscicides market over the forecast period, owing to application of molluscicides to crops such as corn, rice, and wheat.

Regional Insights:

North America market is accounted for major revenue share to the global molluscicides market and is expected to maintain its dominance over the forecast period. Consumer awareness and requirement of superior-quality crop products in the region is expected to drive growth of molluscicides market in countries in the region over the forecast period.

Asia Pacific molluscicides market is projected to be fastest growing market in the global market in next coming years. Increasing demand for molluscicides to control damage or disease due to rising presence of golden apple snail in rice fields, is expected to support revenue growth of molluscicides market in countries in the region. The molluscicides market in Europe is expected to grow at a moderate rate followed by North America, over the forecast period.

Market Segmentation and Key Players Operating in The Global Molluscicides Market:

By Product Type:

• Chemical Molluscicides
• Biological Molluscicides

By Form:

• Pellets
• Liquid & Gel

By Application:

• Agricultural
• Non-agricultural

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa