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Demand for High-Value Horticulture Crops Drives the Molluscicides Market

11-05-2019 12:38 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets™

Molluscicides Market

Molluscicides Market

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 global molluscicides market is estimated at USD 587.8 million in 2018 and is projected to grow at a CAGR of 4.4%, to reach USD 727.8 million by 2023. Factors such as the growing demand for horticultural crops have significantly fueled the market for molluscicides due to the increasing consumer awareness about controlling snail and slug infestations in the fields.

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Rain-fast characteristic—an important attribute for the increasing demand for molluscicides

Rain-fastness can be defined as a characteristic that enables a molluscicide product to withstand high levels of rain and still work effectively against snails and slugs. This is a highly desired characteristic in molluscicides as most crops that use molluscicides require standing water or are close to the groundwater level. Wet conditions are suitable for the growth of mollusks and can also dilute or wash away the active ingredient. Rain-fastness enables the ingredient to remain stable and intact on the plant surface. Surfactants and wetting agents are used as additives to improve this attribute.

The high level of rain-fastness among recent molluscicides, such as Bayluscide and Draza Forte manufactured by Bayer Crop Science AG (Germany), acts as a key driver in strengthening product sales. Several studies indicate that growers are more likely to prefer molluscicides at higher costs and from major biotech companies rather than cheaper generic metaldehyde alternatives. This is because the primary characteristic required in this category of pesticides is that of rain-fastness, which is not found in generic products.

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.

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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.

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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