The molluscicides market is estimated to grow at a CAGR of 4% from 2017 to 2025. The growth is expected to be driven by increasing adoption of agrochemicals by developing countries and awareness about the usage of molluscicides to control mollusc population. The market is also expected to grow owing to factors such as technology and product development of innovative molluscicides which are effective on a variety of crops. The geographical limitation on molluscicide usage and regulatory restrictions imposed on the use of molluscicide are some potential market restraints for the market.
Molluscicides Market: Source Insights
The molluscicide market by the source is segmented into chemical molluscicides and biological molluscicides. The molluscicide market is dominated by chemicals segment, followed by biologicals. Chemicals are extensively used in the manufacturing of molluscicides as they are widely available in the market. Hazardous chemicals are used to kill molluscs such as snails and slugs that destroy crops by feeding on plants, flowers, fruits, and leaves. The market growth is driven by growing customer attention toward increasing the crop value of fruits, vegetables, ornamentals, & other field and horticultural crops.
Molluscicides Market: Type Insights
The molluscicide market by type is segmented into metaldehyde, methiocarb, ferrous phosphate, and others. Metaldehyde accounted for the largest market share followed by methiocarb. Metaldehyde is extensively used in the molluscicide products since it is easily available and reasonable at cost.
Molluscicides Market: Regional Insights
North America is expected to dominate the molluscicides market in the coming years while the U.S is estimated to grow at the fastest rate. Chemical molluscicides are widely used in North America due to increased usage of metaldehyde and methiocarb for the production of molluscicides in this region.
Molluscicides Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Molluscicides over the coming years.
Molluscicides Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Molluscicides Market Share & Competitor Analysis
Major players in the molluscicides market are Lonza, Certis, Bayer Cropscience, AMVAC Chemical Corporation, Doff Portland Ltd, and Adama Agricultural Solutions, among others. In September 2017, AMVAC Netherlands BV acquired Grupo Agricenter, a well-established distributor of multiple crop protection products in seven Central American and Caribbean countries. On July 4, 2017, Adama Agricultural Solutions acquired Hubei Sanonda Co., Ltd.
Avail customized purchase options to meet your exact research needs: