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 2019-2025.
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.
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