The primary factor anticipated to propel the growth of the global North America Molluscicides market revenue during the forecast period is rising production of high-value horticulture crops, which are frequently attacked by mollusks.
North America Molluscicides Market Size – USD 697.93 Million in 2021, Growth – at a CAGR of 7.9%, Trends – Increased expansion of production of high-value horticulture crops, which are frequently attacked by mollusks.
The global North America Molluscicides Market size was USD 697.93 Million in 2021 and is expected to register a revenue CAGR of 7.9% over the forecast period, according to the latest report by Reports and Data.
Insecticides called North America Molluscicides are used to get rid of snails and slugs. The mollusk species is one of the most serious hazards because it has been associated with significant agricultural losses. Crop damage from snails and slugs varies greatly by season and year. Snails and slugs are significant pests of ornamental and vegetable plants, as well as cereal crops like barley, wheat, oats, and oilseed rape. The global North America Molluscicides market is being driven by advances in agriculture and demand for horticultural crops. Growing populations in the Asia Pacific region are driving the adoption of cutting-edge technologies in emerging nations like China and India, which is driving up demand for North America Molluscicides. Government programmes for agricultural development and agricultural subsidies are also fueling the expansion of the global North America Molluscicides market.
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Top Companies: BASF SE, Bayer AG, Syngenta Group, Lonza Group AG, UPL Limited, Adama Agricultural Solutions, Marrone Bio Innovations, De Sangosse SAS, Doff Portland Ltd, and Nufarm.
Further Key Finding from the Report Suggestion:
- The market for North America Molluscicides has been divided into chemical and biological North America Molluscicides based on type. In terms of revenue, the chemical North America Molluscicides segment dominated the global North America Molluscicides market in 2020. Increased use of agrochemicals and their application in the growth of high-value horticultural crops is being driven by the expanding market for chemical North America Molluscicides. Methiocarb, metaldehyde, ferrous phosphate, among other chemical North America Molluscicides (metal salts and ferric sodium EDTA).
- Based on regional analysis, the market for North America Molluscicides in the Asia Pacific region is anticipated to expand at the North America Molluscicides market's fastest CAGR during the forecast period. The ongoing growth of significant APAC economies and rising public awareness of the use of North America Molluscicides are both contributing to an increase in molluscicide use in developing nations. In the APAC region, wet-rice cultivation is a widely practised agricultural method.
- In order to improve its manufacturing capabilities in the Asia Pacific region, BASF SE opened a new plant protection facility in Singapore in January 2020. This would assist in meeting the region's growing demand from local farmers for high-quality agricultural products.
North America Molluscicides Market Growth:
The global North America Molluscicides market is expected to grow due to the increasing demand for food and the need to protect crops from mollusk pests. Other factors driving the growth of the market include the growing use of North America Molluscicides in non-agricultural applications, such as control of mollusk pests in water bodies, and the development of new and innovative North America Molluscicides with improved efficacy and reduced environmental impact. However, the growth of the market may be hindered by factors such as stringent regulations on the use of North America Molluscicides, and the increasing awareness about the negative impacts of North America Molluscicides on the environment and non-target species.
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The global North America Molluscicides market is segmented into:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Chemical North America Molluscicides
- Biological North America Molluscicides
Form Outlook (Revenue, USD Billion; 2019-2030)
- Pellets
- Liquid Gel
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- Agricultural
- Non-Agricultural
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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