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Molluscicides Market Size CAGR 5.8% From 2019 To 2024: Increasing Massive Growth of Agricultural Sector, Size, Share, Demand and Research Report
Molluscicides Market
The Global Molluscicides Market is expected to register a CAGR of 5.8% from 2019 to 2024 and reach USD 2.23 Billion by the end of 2024. The molluscicides market have witnessed a substantial growth over the last couple of years both in developed and developing economies. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on 'Global Molluscicides Market Research Report- Forecast to 2023' that the market will demonstrate an exceptional CAGR % while achieving good growth rapidly in the forecast period.
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Molluscicides are chemical constituents or biocides which is developed precisely for abolishing mollusks. Mollusks can cause enormous agricultural losses and becoming a main agricultural threat. Molluscicides helps to minimize agricultural losses by killing mollusks. Growing population and increasing demand for food has created high agricultural productivity in turn escalates the growth of the molluscicides market during the forecast period of 2017-2023. In addition, limited availability of cultivable land is further driving the sales of molluscicides at a global level.
Rising acceptance of modern farming is also propelling the growth of molluscicides market soon. Introduction of bio molluscicides is gaining its momentum in the developed economies of North America & Europe region. However, stringent regulations of governments on the use of molluscicides can pose a major challenge in the global molluscicides market during the forecast period.
Molluscicides Market - Competitive Analysis
Key manufacturers are involved to augment its brand name by arranging various promotional activities. The manufacturers have joined in various social media events & promotions to enhance the sales of the products. Key players are demonstrating their new offerings in various exhibitions to stimulate the customer base. Manufacturers of molluscicides have emphasized in the research & development activities to introduce new product and to extend the present product portfolio. Manufacturers are introducing new & innovative products to strengthen the sales and to increase the overall profitability. In addition, key players of molluscicides are penetrating the untapped market in order to increase the overall revenue. Apart from that, key manufacturers are opening manufacturing plant in the attractive location to cater the increasing demand of molluscicides. North America & Europe market of molluscicides market is consolidated due to the presence of key players. However, Asia pacific region is highly fragmented owing to the presence of local players.
The key players profiled in molluscicides market report are Lonza Group AG (Switzerland), Bayer Cropscience AG (Germany), BASF SE (Germany), ADAMA Agricultural Solutions (Israel), Marrone Bio Innovations (US), American Vanguard Corporation (US), De Sangosse Ltd (UK), W. Neudorff GmbH KG (Germany), Doff Portland Ltd (UK), Certis Europe (Netherlands), Syngenta AG (Switzerland), PI Industries Ltd. (India), Amvac Chemical Corporation (US), and Chiltern Farm Chemicals Ltd. (UK), and Westland Horticulture Ltd (UK)
Molluscicides Market - Segments
Global molluscicides market has been divided into type, application and Region
Based on Type: Metaldehyde, iron phosphate, niclosamide
Based on Application: Grains & Cereals, oil seeds, fruits & vegetables, ornamentals, and others
Based on Region: North America, Europe, Asia Pacific, and Rest of the World
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Molluscicides Market - Regional Analysis
The global molluscicides market is segmented by regionally which comprises of North America, Europe, Asia Pacific and Rest of the World. Among all the region, North America region is expected to account for the major market proportion in the year of 2017 and it is expected to retain its dominance throughout the forecast period of 2017-2023. The growth of the molluscicides market is expected to be driven by various factors. Snails & slugs are found massively in North America region which damages the crop. Among the North American countries, the U.S. is expected to account for the significant market share in the North America Molluscicides market during the forecast period.
Europe is also expected to account for the 30% market proportion in the global molluscicides market. Among the European country, Germany is holding major market share in the Europe molluscicides market in the year of 2018. However, Asia Pacific region is expected to witness highest growth in the global molluscicides market during the forecast period of 2017-2023. The growth of the molluscicides market is anticipated to be driven by the increasing growth of agricultural in the developing countries. Also, governments of Asia Pacific countries are promoting molluscicides products in order to create awareness of the products among the farmers which in turn accelerates the sales of molluscicides in the Asia Pacific region.
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