Molluscicides Market Worth 695.8 Million USD by 2021

May 13, 2016, 10:00 ET from MarketsandMarkets

PUNE, India, May 13, 2016 /PRNewswire/ --

The report "Molluscicides Market by Source (Chemical Molluscicides, Biological Molluscicides), Type (Metaldehyde, Methiocarb, Ferrous Phosphate), Method of Application (Sprays, Powders, Pellets), Application, and by Region - Global Forecast to 2021", The market is projected to reach a value of USD 695.8 Million by 2021, at a CAGR of 4.1% from 2015 to 2020.

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Browse 103 market data Tables and 66 Figures spread through 200 Pages and in-depth TOC on "Molluscicides Market"

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The market is driven by factors such as increasing cultivation of horticulture crops, sudden influx of snails in new regions, and newly developed rain-fast characteristics of molluscicide products.

The powder method of application segment is projected to be the fastest-growing market during the period 2016-2021 

The powder formulations of molluscicides are gaining popularity among agricultural producers due to the ease of application of this method. Powders can be used in various levels of active ingredient concentrations and also in the form of combinations of two or more active ingredients. This particular method also prevents unwarranted harm to non-target species.

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Rapeseed, corn, rice, wheat, lettuce, and strawberry are the major crops in the Molluscicides Market 

Field crops accounted for the largest share in application of molluscicides in 2015. Under this category rapeseed, corn, rice, and wheat are the crops that are projected to account for the major shares in 2021. Horticultural crops accounted for the second largest share in 2015. The strawberry crop under this category is expected to grow at the highest CAGR primarily due to the growing demand from various food industries that require higher yields of cultivation.

North America and EU regions dominated the Molluscicides Market in 2015 

The North American region was the largest market for molluscicides in 2015. Countries such as U.S., Canada, and Mexico are major producers of corn, rapeseed, and horticultural crops. The countries in the EU such as France, Italy, U.K., Spain, and Germany produce fruit and vegetable crops and possess a large domestic market for turfs & ornamentals. Even though EU molluscicde regulations are stringent, the production of molluscicides is high due to snail and slug infestation that causes significant economic losses.  Slug infestation is high on lettuce, tomato, and strawberry fields in the U.S. Countries such as Brazil and Argentina are also active for molluscicides usage. Asia-Pacific countries are at the growth stage in this market. China is the major country, followed by Japan, Australia, and New Zealand.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such Lonza Group AG (Switzerland), Bayer CropScience AG (Germany), BASF SE (Germany), Adama Agricultural Solutions Ltd (Israel), Marrone Bio Innovations Inc. (U.S.), American Vanguard Corporation (U.S.), De Sangosse (France), W. Neudorff GmbH KG (Germany), Doff Portland Ltd (U.K.), and Certis Europe B.V (the Netherlands).

In terms of insights, this research report has focused on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global Molluscicides Market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.

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