Molluscicides Market
The global molluscicides market is anticipated to expand at a rate of 5.8% over the forecast period. The increasing awareness regarding the application of moluscicides to restrain mollusic population and the growing adoption of agrochemicals has strengthened the molluscicides market growth.
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Molluscicides Market Dynamics
Molluscicides have the ability to foster the healing of plants by killing mollusks. The growing application of molluscicdes in agrochemical industry in emerging nations, such as India and China is one of the major factors supplementing the growth of the global molluscicides market. They have the ability to heal plants by killing mollusks. Additionally, the demand for horticulture crop has driven the market growth. Moreover, the introduction of environment friendly molluscicide products and the increasing awareness regarding mollusks control will proffer huge opportunities to the molluscicides market size.
The evolution of the COVID-19 pandemic and stringent lockdown measures taken to curb the pandemic will have a crippling effect on the agriculture sector globally. Although the demand for pest control products like insecticides and molluscicides has propelled, the supply has been largely impacted by the COVID-19 outbreak. However, the molluscicides market forecast projects that the rigorous norms for the use of molluscicides are major restraining the market growth.
Type Drivers
The Chemical molluscicides segment is anticipated to expand at a remarkable rate over the forecast period. The surging adoption of agrochemicals and their implementation in the cultivation of high-value horticultural crops has raised the market growth. In addition, the easy accessibility and cost-efficiency of molluscicides has increased their exports to various regions all around the globe. Thus, all these factors will propel the market growth
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