The Asia-Pacific molluscicides market size is expected to reach USD 130 million in 2024 and is anticipated to reach USD 160 million by 2029, growing at a CAGR of 4.25% during the forecast period from 2024 to 2029.
The molluscicides market is showcasing significant potential in the mentioned forecast period. The market continues to build up momentum with the growing awareness among farmers about the use of molluscicides for controlling the population of molluscs. The market has caught attention of various companies across the industry.
Molluscicides are one of the most important products for tackling mollusks and thus protecting against plant damage. They act as pesticides against snails, slugs and other such organisms that feed on the plants and harm them. They are generally found in the form of snail baits or snail pellets.
There are many factors driving the market growth and some other factors that hamper the market from showing its true potential. The major drivers of the market include the rising adoption of agrochemicals among developing countries, demand for valuable horticulture crops, rain-fast characteristics fuelling product sales, and awareness about controlling mollusks. The restraints of the Molluscicides market include stringent regulatory services, environmental damage due to chemicals and lack of proper resources.
wherein the chemical segment dominates the market share.
The market is led by the Metaldehyde segment based on segmentation by type.
On the basis of geography, the Asia-Pacific market is analyzed under various regions, namely China, India, Australia, Japan, and South Korea.
The major companies dominating the market share include Bayer Cropscience AG, Lonza Group AG, BASF SE, Marrone Bio Innovations, Inc., Adama Agricultural Solutions Ltd., American Vanguard Corporation, Neudorff GmbH Kg, De Sangosse SAS, Certis Europe B.V, Doff Portland Ltd.
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