The global molluscicides market revenue is expected to expand at a lucrative CAGR over the forecast period. Molluscicides referred as snail baits and snail pellets, are pesticides used in agriculture or gardening, in order to prevent from molluscs such as snail and slugs, which damage crops or other plants.
Increasing adoption and demand for molluscicides owing to rain-fast characteristics and high value horticulture crops are major factors expected to drive growth of the target market over the forecast period.
The global molluscicides market report has been segmented on the basis of product type, form, application, and region. On the basis of product type, the target market has been segmented into chemical molluscicides and biological molluscicides. The chemical molluscicides segment holds major share in terms of revenue in the target market. Rising demand for chemical molluscicides for agricultural and horticultural crops is expected to drive revenue growth of the segment over the forecast period.
On the basis of form, the target market has been segmented into pellets and liquid & gel. The pellets segment is accounted for highest revenue share in the target market over the forecast period, owing to their ease of handling.
On the basis of application, the target market has been segmented into agricultural and non-agricultural. The agricultural segment registered a significant growth rate in terms of revenue in the target market over the forecast period, due to wide applications of molluscicides to the agricultural crops such as corn, rice, and wheat.
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On the basis of region, the global molluscicides market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America contributed major share in terms of revenue in the global molluscicides market and is expected to maintain its dominance over the forecast period. This can be attributed to the consumer awareness and requirement of superior-quality crop products in countries in the region. The molluscicides market in the Asia Pacific is expected to grow at a significant rate over the forecast period.
Key players operating in the global molluscicides market include Lonza Group Ltd., Bayer AG, BASF SE, Adama Agricultural Solutions Ltd., Marrone Bio Innovations, AMVAC Chemical Corporation, De Sangosse Ltd, W. Neudorff GmbH KG, Doff Portland Ltd., and Certis Europe B.V.