https://www.worldwidemarketreports.com/market-insights/global-molluscicides-market
Molluscicides are pesticides that are used to prevent the menace caused by molluscs. Slugs and snails can cause a lot of harm in horticulture gardens as they are known to eat leaves. The rising number of turfs and horticulture gardens is expected to boost market demand for these products.
Molluscicides Market worth $811.1 million by 2023:
The global Molluscicidesmarket was valued at USD 569.9million in 2016 and is projected to reach USD 811.1millionby 2025, growing at a CAGR of 4.0% from 2017 to 2025.
The report “Molluscicides Market by Type (Chemical (Metaldehyde, Methiocarb, Ferric Phosphate) and Biological Molluscicides), Application (Agricultural and Non-Agricultural), Form (Pellets, and Liquid & Gel), and Region – Global Trends & Forecast to 2023″, The high commercial losses incurred due to snail attacks on horticulture crops have increased the usage of molluscicides for these crops. Further, the golden apple snail (GAS) is among the growing species of snails that attack rice crops in Asian countries such as China and Japan. For this reason, the demand for biological molluscicides is increasing significantly across all regions.
The agricultural segment is estimated to account for the larger share of the molluscicides market, by application, in 2018
On the basis of application, the agricultural segment is estimated to hold the larger share of the molluscicides market in 2018. The agricultural application of molluscicides includes cereals & grains; fruits & vegetables; and oilseeds & pulses, while the non-agricultural application includes residential and commercial uses. The applicability of molluscicides is mainly limited to low-lying crops that are susceptible to attacks by snails and slugs that travel through water bodies.
The chemical molluscicides segment is estimated to hold the larger share in 2018, by type
On the basis of type, the chemical molluscicides segment dominated the global molluscicides market in 2018. Metaldehyde and methiocarb are the main active ingredients used in chemical molluscicides. For many decades, chemical molluscicides have been widely used in the market. However, the US EPA restricts the use of metaldehyde as a pesticide due to its negative impact on the environment and on the health of animals and humans.
North America is estimated to dominate the molluscicides market in 2018
North America is estimated to be the largest market for molluscicides in 2018. The high production of corn, oilseeds, and horticulture crops in the region is the major driver for the molluscicides market. Bulk production of these crops creates the need for molluscicides to control insects, pests, and weeds for better and efficient production. The key players in the US market include AMVAC Chemical Corporation (US) and Marrone Bio Innovations Inc. (US). To gain market share, these companies are adopting strategies such as innovative product developments, partnerships, mergers & acquisitions, and expansions of existing facilities.
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