Molluscicides Market Overview

The Molluscicides Market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rising awareness regarding the use of Molluscicides to control mollusc population. The market has seen interest from various companies recently and is expected the same in upcoming years.

Molluscicides play an important role in agriculture sector for the purpose of crop protection. They act as pesticides against molluscsto control gastropod pests, such as slugs or snails which are responsible for damaging crops by feeding on them. They are usually used in the form of baits or pellets to attract pests and get rid of them.

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The rising adoption of agrochemicals across developing countries has been one of the key factors driving the market for Molluscicides. Other major factors responsible for market growth are increase in product sales due to rain-fast characteristics, demand for higher value horticulture crops and growing awareness about mollusc control. However, there are some factors that hinder the growth of the market. These include geographical limitation in usage, regulatory restrictions, lack of adequate resources and environmental threat due to excessive use.

Molluscicides Market Forecast Report (2019-2024)

Global Molluscicides Market was worth USD 620 million in 2019 and estimated to be growing at a CAGR of 4.2%, to reach USD 760 million by 2024. 

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Molluscicides Market Segmentation

The Global market for Molluscicides is segmented on the basis of source, type, application and mode of application. Based on source, the segmentation is done under chemical and biological. The market segmentation on the basis of type is done under Metaldehyde, Methiocarb, and ferrous phosphate. Based on applications the market is segmented into field crops, horticulture crops, turf & ornaments and industrial. Finally, on the basis of mode of application the segments include pellets, sprays and powders. The market share of Molluscicides market is dominated by chemical segment based on source, while under type, the Metaldehyde segment accounts for the largest market share. On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Molluscicides market was dominated by North America, with the overall market share of over 36% globally. North America was followed by Europe and Asia Pacific. North America region is also predicted to grow at a more rapid pace while compared to other regions in the coming few years.

Major Players: 

The major companies dominating this market for its products and services are

Lonza Group AG,
Bayer CropScience AG,
BASF SE,
Adama Agricultural Solutions Ltd.,
Marrone Bio Innovations, Inc.,
American Vanguard Corporation,
De Sangosse SAS,
Neudorff GmbH Kg,
Doff Portland Ltd.,
Certis Europe B.V.
Key Developments in the Market

October 13, 2017 - Bayer signed an agreement to sell selected Crop Science businesses to BASF for EUR 5.9 billion.
September 12, 2017 - AMVAC Netherlands BV acquired Grupo Agricenter, a well-established distributor of multiple crop protection products in seven Central American and Caribbean countries.
July 4, 2017 - Adama Agricultural Solutions acquired Hubei Sanonda Co., Ltd.
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