South America Molluscicides Market is projected to grow at a CAGR of 3.5% during the forecast period (2020-2025). The increase in demand for quality food produce and given the increasing occurrence of snail and slug infestations, mainly in cereal crops like rice, maize, and wheat is driving the market. Lack of awareness among the farmers in some parts of the regions about the benifits of using Mollucicides is restraining the market growth.
Key Market Trends
Growing Demand For Food Safety and Quality
The food safety issues and the need for sustainable agriculture are driving the molluscicides segment of the market studied. South America occupies the prominent position as an exporter of sugar, rice, coffee, orange juice, soybean, and soybean oil. Hence, crop protection chemicals such as Molluscicides plays an important role in the regional agricultural sector for the purpose of crop protection. They act as pesticides against molluscs to control slugs or snails which are resonposible for damaging crops by feeding on them. With the rise in demand for various crop protection chemicals in the region to achieve sustainability and meet the growind demand for food, the market for molluscicides is anticipated to grow during the forecast period.
Brazil Dominates the Market
Brazil is one of the major market for molluscicides in the region. The increasing in awareness among the among farmers towards crop protection chemicals is driving the growth of the market studied. Furthermore, most of the leading agrochemical companies marked their presence in the country. The presence of snails and slugs is high, as they can be found in almost every cropping system. Moist conditions, plant residues, and organic manures on soil surface favor the reproduction of mollusks. The damage caused by these species varies from crop to crop. Slugs and snails cause extensive damage in wheat seedlings, corns, soybeans and broad leaf crops.
Lonza Cologne GmbH, Bequisa, rizobacter s.a and Huagro are some of the major players who are operating in this market. These players are adopting product innovation as their most adopted strategy to cater the needs of farmers in this region.
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