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
May 23 2016
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The molluscicides market is projected to grow at a CAGR of 4.1% from 2016 to 2021, to reach a projected value of USD 695.8 Million by 2021. The growth is driven by the adoption of agrochemicals by developing countries and increase in awareness about the usage of molluscicides to control mollusc population. The market is further driven by factors such as technology and product development of innovative molluscicides that can be cost effective as well as used on a broad crop portfolio.
Depending upon the source, the molluscicides market is led by chemicals, followed by biologicals. Chemicals are extensively used in the manufacturing of molluscicides which are economically and widely available in the market. Harmful chemicals are used to kill molluscs such as snails and slugs that destroy crops by feeding on a variety of plants including flowers, fruits, and leaves. High usage of harmful chemicals has shown drastic impact on non-target species and ecosystem by increasing environmental footprint. The growth is driven by growing customer attention toward increasing the crop value of fruits, vegetables, ornamentals, & other field and horticultural crops.
Among the types of molluscicides, such as metaldehyde, methiocarb, ferrous phosphate, and others, metaldehyde accounted for the largest market share followed by methiocarb in 2015. Metaldehyde is widely used in the molluscicide products since it is easily available and reasonable at cost.
North America accounted for the largest market share for molluscicides, the U.S. being the fastest growing in the region from 2016 to 2021. Chemical molluscicides are among the widely used in North America due to increased usage of metaldehyde and methiocarb for the production of molluscicides in this region.
The geographical limitation on molluscicide usage is one of the restraints for the molluscicides market. Also the regulatory restrictions imposed on the use of the molluscicide products are further hindering the growth of the molluscicides market. Lonza Group AG, one of the prominent players in the molluscicides market, focuses on pharma & biotech and specialty ingredients. The company’s core competencies are advanced manufacturing and quality-control systems, regulatory expertise, market knowledge, and R&D capabilities. Recently, the company has signed a strategic distribution agreement with Nulandis Ltd. (South Africa) to launch Axcela slug & snail pellet in South Africa. It has also acquired Zelam (New Zealand), a research-focused chemical company, which develops and manufactures products for crop protection.
Scope of the Report
On the basis of Source, the molluscicides market is segmented as follows:
- Chemical molluscicides
- Biological molluscicides
On the basis of Type, the molluscicides market is segmented as follows:
- Ferrous phosphate
- Others (biologicals and metal salts)
On the basis of Application, the molluscicides market is segmented as follows:
- Field crops
- Horticultural crops
- Turf & ornamentals
- Others (usage by government authorities and decorative gardens)
On the basis of Method of Application, the molluscicides market is segmented as follows:
On the basis of Region, the molluscicides market is segmented as follows:
- North America
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