The Latin America molluscicides market size is expected to reach USD 78.08 million in 2024 and reach SUD 93.68 million by 2029, growing at a CAGR of 3.71% from 2024 to 2029.
The molluscicides market is predicted to showcase huge potential in the forecasting period. The market has continued to gain momentum as a result of the farmers becoming aware of the danger of molluscs and resorting to molluscicides to get rid of them. The demand for molluscicides is predicted to rise in the upcoming years.
Molluscicides are one of the most important products for the purpose of getting rid of pests and avoid crop damage. These are generally found in the forms of snail baits or snail pellets in order tom get rid of molluscs like snail, slugs etc. They work as pesticides against molluscs to control gastropod pests, which are responsible of damaging crop by feeding on them.
Among wide range of factors that have an impact on the growth of the market of Molluscicides, the ones which drive the growth are demand for better quality horticulture crops, rising awareness regarding control of molluscs and rain-fast characteristics. The factors that hinder the market growth are, geography limitations, regulatory restrictions on Molluscicides, inadequate resources and threat faced by environment due to excessive use.
The chemical segment accounts for the largest share in the market under source, while under type, metaldehydes are the most common type of Molluscicides.
On the basis of geography, the Latin America market is analysed under various regions namely Brazil, Argentina, Mexico and rest of Latin America.
Among various big companies in the Molluscicides market, the major ones are Lonza Group AG, Doff Portland Ltd., Adama Agricultural Solutions Ltd., Bayer Cropscience AG, BASF SE, De Sangosse SAS, Marrone Bio Innovations, Inc., Neudorff GmbH Kg, American Vanguard Corporation, Certis Europe B.V.
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