Global Molluscicides Market is accounted for $666.70 million in 2020 and is expected to reach $1,103.38 million by 2028 growing at a CAGR of 6.5% during the forecast period. Some of the key factors propelling the market growth include increasing adoption and demand for molluscicides owing to rain-fast characteristic, introduction of green, environmentally friendly molluscicides, increasing adoption of agrochemicals in developing countries, infestation of golden apple snail in the rice fields in Asia, and rapid urbanization coupled with growing adoption of high value horticulture crops.
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On the basis of geography, Asia Pacific region is expected to have considerable market growth during the forecast period, due to the introduction of golden apple snail in rice fields of Asia and rising adoption of modern agricultural practices, including integrated pest management. In Asian countries such as India and Malaysia, molluscicides that contain active ingredients such as niclosamide, endosulfan, camellia seed cake (residue), and copper sulfate are often used to control golden snails. Farmers in the Philippines have avoided using molluscicides because of their high cost and adverse effects on humans and livestock, while slugs cause serious crop damage in Australia and New Zealand. Those chemicals are not registered in Japan because of their negative environmental effects. Global molluscicides producer has thus developed innovative and customized products based on regional requirements, particularly in the Asia Pacific region.
Some of the key players in Molluscicides Market include BASF SE, Syngenta, Lonza Group, Neudorff Gmbh, Liphatech, Inc., AgroAdvanced International Ltd, Bayer Cropscience, Westland Horticulture Ltd, Hisigma Chemicals Co., Ltd., Chiltern Farm Chemicals Ltd, Amvac Chemical Corporation, Certis Europe, PI Industries, ADAMA Agricultural Solutions, Marrone Bio Innovations, and American Vanguard Corporation.
Forms Covered in Molluscicides Market
• Biological Molluscicides
• Chemical Molluscicides
• Oxidizing Molluscicides
• Non-Oxidizing Molluscicides
Sales Channels Covered:
• Distribution Channel
• Direct Channel
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