(EMAILWIRE.COM, August 23, 2019 ) The Molluscicides Market is estimated to be USD 587.8 million in 2018 and is projected to reach USD 727.8 million by 2023, at a CAGR of 4.4% during the forecast period. 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.

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“The agricultural segment is projected to grow at the higher rate during the forecast period.”

On the basis of application, the agricultural segment is projected to grow at the higher CAGR. Snails impact most horticulture crops; this necessitates the adoption of agrochemicals for slug and snail control. Moreover, since the investment in production is usually higher in horticulture as compared to field crops, the growth in the horticulture industry becomes a driver for the market for molluscicides.

“The biological molluscicides segment is projected to be the faster-growing segment during the forecast period.”

Based on type, the biological molluscicides segment is projected to be the fastest-growing segment during the forecast period. The increasing awareness about biological crop protection products has not only resulted in increased use of snail and slug control products but has also led to awareness about the potential for more profitable opportunities with minimum loss.

“The pellets segment is projected to be the faster-growing segment during the forecast period.”

Based on form, the pellets segment is projected to be the fastest-growing segment during the forecast period. Pellet formulations are usually recommended for small as well large cures, as dusting powders are ready for use; are more easily applied compared to other methods; are easily supplied; and are available in proper small packs, which are reasonably priced and easy to use.

“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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On the basis of application, the agricultural segment is projected to grow at the highest CAGR from 2018 to 2023. The agriculture industry is rapidly growing as a result of high demand for cereals & grains and fruits & vegetables globally. Owing to this, the demand for crop protection chemicals is increasing rapidly.

Based on type, the market for biological molluscicides is projected to grow at the highest CAGR from 2018 to 2023. The introduction of eco-friendly molluscicides, i.e., biological molluscicides products, is a recent trend witnessed in the crop protection market due to the adverse effects of chemical molluscicides on the environment.

On the basis of form, the pellets segment is projected to grow at the higher CAGR during the study period. Pellet molluscicides are cheaper and easier to apply to crops as compared to liquids and gels. The pellet form of molluscicides is also preferred by end consumers, as it is less likely to pollute the environment than the liquid ones; for liquid tends to spread more easily in water bodies than the powder form.

Companies are adopting new technologies such as wet extrusion to develop newer chemical and biological molluscicide products that are more stable, that can withstand rain, and are less harmful to the environment. For instance, BASF launched Nemaslug, a biological molluscicide. This biological molluscicide is a host-specific product, i.e., it only kills snails and other mollusks without harming other animals, insects, or larvae.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as Lonza Group (Switzerland), Bayer CropScience (Germany), American Vanguard Corporation (US), BASF (Germany), Adama Agricultural Solutions (Israel), Marrone Bio Innovations (US), De Sangosse (UK), Doff Portland (UK), Certis Europe (Netherlands), PI Industries (India), Syngenta (Switzerland), and Neudorff GmbH (Germany).

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