A recent report published by Infinium Global Research on
molluscicides market provides in-depth analysis of segments and sub-segments in
the global as well as regional molluscicides market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional molluscicides market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
global molluscicides market. According to the report, the global molluscicides
market is projected to grow at a CAGR of 4.2% over the forecast period of
Molluscicide are pesticides used in agriculture or gardening, in
order to control gastropod pests specifically slugs and snails which damage
crops or other valued plants. Furthermore, there are a number of chemicals
employed as molluscicide which includes metaldehyde, methiocarb,
acetylcholinesterase inhibitors and, many others. There are two forms of
chemical molluscicides available in the market such as oxidizing and
non-oxidizing. Among them, non-oxidizing molluscicides dominate the market
owing to its cost-efficient feature.
Slugs and snails are most damaging pests in professional
agriculture worldwide which cause a reduction in yields. The growing losses of
agriculture field owing to the presence of slugs and snails across the globe
drive the growth of molluscicide market. Furthermore, the growing awareness
regarding mollusks control among farmers and high adoption agrochemical are some
factors fueling the growth of the market. Additionally, rapid growth in
population is increasing the demand for high agricultural productivity is
expected to contribute towards the growth of the global molluscicides market.
Besides this, molluscicides play a major role in the commercial industry.
However, governing limitations on the use of molluscicide products could hamper
the growth of the market. Furthermore, the introduction of eco-friendly
molluscicide products offer growth opportunities for the global molluscicides
market in coming years.
On the basis of region, North America dominates the global
molluscicides market throughout the forecast period. Countries such as the U.S.
and Canada is projected to witness significant share in this market. The
presence of key players such as AMVAC Chemical Corporation (US) and Marrone Bio
Innovations Inc. (US) contributes to the growth of the market in the North
America Region. AMVAC Chemical Corp. acquired OHP, Inc., which is a leading
provider of technology-based pesticide solutions. The Asia-Pacific region is
expected to register the highest growth rate over the forecast period. India,
China, Bangladesh, and Australia are observed to be the major contributors in
the Asia-Pacific region.
The report on global molluscicides market covers segments such as
types, method of application, and application. On the basis of types, the
sub-markets include metaldehyde, methiocarb, and ferrous phosphate. On the
basis of method of application, the sub-markets include pellets, sprays, and
powders. On the basis of application, the sub-markets include field crops,
horticulture crops, turf and ornamentals, and other applications.
The report provides profiles of the companies in the market such
as Doff Portland Ltd, W. Neudorff GmbH KG, De Sangosse SAS, Adama Agricultural
Solutions Ltd., Marrone Bio Innovations, American Vanguard Corporation, Adama
Agricultural Solutions, BASF SE, Bayer CropScience, and Lonza Group AG.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of molluscicides
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.