The molluscicides market is estimated at USD 711 million in 2021 and is projected to reach USD 909 million by 2026, growing at a CAGR of 8.5% during the forecast period. The increasing adoption of agrochemicals in developing countries and rising infestation of golden snail apple is driving the market.
The key players profiled have a strong presence in the global molluscicides market. These include Lonza Group (Switzerland), Bayer AG (Germany), American Vanguard Corporation (US), BASF SE (Germany), and Adama Agricultural Solutions (Israel). The key market players adopted various growth strategies such as expansions & investments and mergers & acquisitions to cater to the increasing demand for molluscicide products and to expand their businesses. The companies in this market are increasing their investments in R&D to focus on developing new agrochemicals with an idea of developing molluscicide products that are less harmful to the environment than the existing chemical molluscicides. The companies are also focusing on expanding their geographic presence by increasing their production facilities.
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The companies are also investing in new technologies to create new molluscicide products to be used in various applications such as molluscicides for residential purposes and for turf and ornamental applications categorized under non-agricultural application of molluscicides. Companies such as BASF SE (Germany) and De Sangosse (France) are expanding their product portfolios by innovating new products.
Bayer AG (Germany) is a global company with its core competencies in the life sciences field of health care and agriculture. It operates through three segments—pharmaceuticals, consumer health, and crop science. Bayer CropScience’s division, Environmental Science, offers two categories–Professional pest management and Vector management. The environmental science business offers a broad portfolio of highly effective sprays, baits, and other pest control products that have chemical or biological modes of action. In November 2020, Bayer CropScience partnered with BigHaat, which is a leading agricultural-input-e-commerce platform that will enable the delivery of Bayer’s seeds and crop protection products at the farmer’s doorsteps. Bayer has also partnered with XAG in February 2020 to bring, promote, and commercialize digital farming technology in Southeast Asia & Pakistan (SEAP).
Lonza Group (Switzerland) is primarily engaged in developing, manufacturing, and distributing chemicals, active pharmaceutical ingredients, and biotherapeutics globally. The company operates through two business segments—specialty ingredients and pharma & biotech. The pharma & biotech business offers pharmaceutical ingredients and biopharmaceuticals. The specialty ingredients business includes water treatment, agro ingredients, and consumer care, and coatings & composites divisions. The company offers molluscicides through its specialty ingredient division that is further subdivided into agro ingredient division.
BASF SE (Germany) is a chemical manufacturing company operating in the market segments, namely, chemicals, performance products, functional materials & solutions, agricultural solutions, and oil & gas. Under these broad categories, it offers products such as intermediate chemical products, monomers, petrochemicals, dispersions & pigments, care chemicals, nutrition & health, paper chemicals, performance chemicals, catalysts, construction chemicals, coatings, performance materials, crop protection, and oil & gas. The company provides molluscicide products for crop protection under its agricultural solutions segment.
Molluscicides Market by Type (Chemical [Metaldehyde, Methiocarb, Ferric Phosphate] And Biological Molluscicides), Application (Agricultural and Non-Agricultural), Form (Pellets, and Liquid & Gel), and Region - Global Trends & Forecast to 2026
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