Global molluscicides market set to grow from USD 127.2 million to USD 246.6 million by 2033

From GlobeNewswire.: 2024-06-11 22:00:00

The global molluscicides market is set to grow from USD 127.2 million in 2023 to USD 246.6 million by 2033, with a CAGR of 6.84%. Molluscicides are chemical agents used to kill snails and slugs, reducing their impact on agriculture. Companies are focusing on eco-friendly alternatives, such as the biological molluscicide polyherbal.

The chemical segment is expected to dominate the global molluscicides market, with metaldehyde, methiocarb, and ferric phosphate being key players. Pellets are the preferred form of molluscicide, offering convenience and effectiveness while reducing harm to non-targeted organisms. The agricultural sector is driving market growth, especially in Asia Pacific.

Asia Pacific is anticipated to lead the global molluscicides market, fueled by biodiversity and increased crop demand. North America is the fastest growing region, driven by food security concerns and awareness of molluscicides. Major players in the market include Lonza, Bayer, and Syngenta Crop Protection AG. Significant developments include the introduction of an advanced formula by ADAMA to improve plant health efficiency.



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