Global Molluscicide Market - Growth,Trends,and Forecast (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||907044|
|出版日期||內容資訊||英文 132 Pages
|全球軟體動物驅除劑市場:成長，趨勢，及預測(2019年∼2024年) Global Molluscicide Market - Growth,Trends,and Forecast (2020 - 2025)|
|出版日期: 2020年04月01日||內容資訊: 英文 132 Pages||
Though molluscicide constitutes a fraction of the global pesticide market, it is growing at an exponential rate, given the increasing occurrence of snail and slug infestations, mainly in cereal crops like rice, maize, and wheat. The global molluscicides market was valued at USD 782.79 million in 2018 and it is expected to witness a CAGR of 4.7% during the forecast period.
Molluscicides are the pesticides used for controlling mollusks (snails and slugs). The mollusc species have been noted to cause huge agricultural losses and has become one of the major threats. Damage caused by snails and slugs to crops varies considerably with the season and year. Snails and slugs are serious pests, especially of cereals such as wheat, barley, oats and oilseed rape, and also of ornamental and vegetable plants. They feed both above and below the surface of the ground, on seeds, seedlings, and plants, damaging shoots, roots, leaves, and flowers, therefore reducing plant stand and crop yield.
Asia-Pacific, being the largest, as well as a most populous continent, is one of the key markets for molluscicides market. This region has registered the largest market share of 30% of global molluscicides production for the year 2018 and it is expected to register the CAGR of 5.5% in the forecasted period. Awareness among people regarding crop protection and optimizing yield can be one of the reasons for this trend.
Increasing Food Demand and Deminishing Arable Land
The global population is increasing exponentially, and every day, nearly 200,000 people are contributing to the global food demand and is projected to reach 9.2 billion by 2050. Supplying food to this growing population has become a global threat. Thus, crop protection is a key strategy adopted by farmers, to meet the global food demand. Usage of pesticides on crops is a proven technology, in order to increase the global food production Huge demand for molluscicides has been seen from developing nations. People are now adopting every measure to increase crop productivity. According to the UN Population Division, the largest population increase is projected to occur in Asia (particularly in India, China, and Southeast Asia), accounting for 60% or more of the global population, by 2050. Large quantities of crop protection chemical are expected to be required in this region, in order to increase food production for the growing population
The molluscicides market is highly fragmented. There are many global and regional players in the market. The top five companies Lonza, Certis, Bayer CropScience Ltd, Phillagro.These companies have the highest market share in molluscicides. Lonza has entered into a 50/50 joint venture with Danish bioscience company Chr. Hansen to invest about 90 million euros (S$136.6 million) over three years to develop live biotherapeutic products (LBP). Certis USA has introduced a new product AgriPhage, a fire blight to fight resistance for apple and pear grower.