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Molluscicides Market Growth,Trends,and Forecast to 2026

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The global  molluscicides market  is estimated at USD 711 million in 2021 and is projected to grow at a CAGR of 8.5%, to reach USD 909 million by 2026. Factors such as the growing demand for horticultural crops have significantly fueled the market for molluscicides due to the increasing consumer awareness about controlling snail and slug infestations in the fields.

Continuous advancements in the technology used in agriculture have led to a shift in farming practices. With the increased export and import of agricultural commodities across different geographies, especially in developing regions, new types of harmful organisms have emerged, leading to an increase in the demand for novel active ingredient products to safeguard crops. Globalization of the agrochemical industry has a huge impact on the Asian crop protection markets. With the highest rate of population growth, increasing the need for food production, and economic growth, the demand for various agrochemicals such as herbicides and pesticides are increasing. While the demand for food products is increasing in the developing countries of Asia Pacific,

Major manufacturing players have begun producing environment-friendly molluscicide products by utilizing natural and non-harmful by-products. There are no efficient biological controls to combat invasive mollusks. The application of synthetic molluscicides has a toxic effect on non-target organisms; it affects crop establishment and causes problems of algal blooms and pesticide residue. This gives rise to the need for botanical molluscicides as an alternative. However, there is currently no effective, safe, and economically viable molluscicidal formulation. Platcom Ventures Sdn Bhd (Malaysia) developed a polyherbal molluscicide, which is an effective formulation to combat invasive mollusks, especially golden apple snails. In contrast to synthetic molluscicides that have a toxic effect on non-target organisms,

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The global market, on the basis of application, is segmented into the agricultural and non-agricultural segments. Agricultural application accounted for the largest share in 2020, followed by non-agricultural applications. The overall increase in the usage of molluscicides in the agricultural application is largely because of the application of molluscicides to crops such as corn, rice, and wheat.

On the basis of form, the pellets segment accounted for the largest share in 2020. Owing to their ease of handling, pellets have gained the largest market share as compared to the liquid gel form. Pelleting is the most common and effective technique used to control slugs and snails. The effectiveness of pellets depends upon their chemical content, especially, the presence of constituents that attract slugs and their durability under field conditions.

The Asia Pacific is projected to be the fastest-growing market during the forecast period. Emerging economies such as China and India play an important role in supplying active ingredients (chemicals such as metaldehyde) as raw materials to the North American and European markets.

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