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Molluscicides Market by Type, Application, Form And Region - Global Trends & Forecast to 2023

Molluscicides Market: Forecast until 2023

  • October 2018
  • 148 pages
  • ID: 3841061
In this report:
The market here stood at ##,##.## tons in 2017 and is expected to grow at the highest CAGR of ##.##% during the forecast period to reach ##,##.## tons by 2023.
The market here stood at ##.## tons in 2017 and is expected to grow at the highest CAGR of ##.##% during the forecast period to reach ##,##.## tons by 2023.

Summary

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The molluscicides market is estimated to rise at a compound annual growth rate of 4.40 percent.

The molluscicides market is projected at $587.80M in 2018 and is projected to extend $727.80M by 2023. It is expected to increase at a compound annual growth rate (CAGR) of 4.40 percent from 2018 to 2023. The sector is primarily driven the increased commercial production of horticulture crops including fruits, vegetables, herbs, and nuts in recent years. The industry demand for such crops of refined and varied characteristics has been growing worldwide, thereby rising the industry for molluscicides products.

Molluscicide resistance is the natural ability of mollusks to survive exposure to strong active chemicals due to genetic modification and exhibit low susceptibility levels. Attaining this is the main challenge faced by the molluscicides sector.

The agricultural segment is expected to rise at the higher rate during the estimate period.

On the basis of application type, the agricultural segment is expected to grow at the higher Compound annual growth rate.Snails impact most horticulture crops; this necessitates the adoption of agrochemicals for slug and snail control.

Furthermore, since the investment in production is usually higher in horticulture as distinguished to field crops, the rise in the horticulture market becomes a driver for the sector for molluscicides.

The biological molluscicides segment is forecasted to be the faster-growing segment during the outlook period.

Established on category, the biological molluscicides segment is envisaged to be the quickest-growing segment during the estimate period. The growing awareness about biological crop protection products has not only resulted in increased use of snail and slug control products but has also led to awareness about the potential for more profitable opportunities with minimum loss.

The pellets segment is planned to be the faster-growing segment during the outlook period.

Established on form, the pellets segment is intended to be the quickest-growing segment during the estimate period. Pellet formulations are usually recommended for small as well important cures, as dusting powders are ready for use; are more easily applied compared to other methods; are easily supplied; and are available in proper small packs, which are reasonably priced and easy to use.

APAC is expected to register the maximum growth rate during the outlook period.

Asia-Pac is forecasted to be the quickest developing market between 2018 and 2023.The usage of molluscicides is growing gradually in developing economies due to continued increase in the main Asia Pacific economies and the growing awareness about the use and benefits of molluscicides.

The dominant form of agriculture in this zone is wet-rice cultivation.These crops need a big amount of molluscicides.

Therefore, as food production is forecasted to growth in this area, so is the consumption of molluscicides.

Break-up of Primaries:

• By Company category: Tier 3 - 45.0 percent, Tier 1 - 35.0 percent, and Tier 2 - 20.0 percent

• By Description: C-suite executives - 35.0 percent, Director-level - 25.0 percent, Others - 40.0 percent

• By Area: Asia Pacific (APAC) - 40.0 percent, Europe (EU) - 25.0 percent, North America continent - 20.0 percent, and rest of the world - 15.0 percent

• PI Sectors

• Syngenta

• Neudorff GmbH

Segment Research

The document breaks down the molluscicides market based on type, application, form, and area. In terms of insights, this market research has emphasized different levels of analysis-competitive landscape; end-use review; and company descriptions, which together comprise and examine the basic overviews on the emerging & high-growth segments of the molluscicides market, high-growth areas, territories, government actions, drivers, market restraints, alternatives, and opportunities.

Why acquiring this study can help you:

• To get a comprehensive overview of the molluscicides market

• To benefit wide-ranging information about the top actors in this market, their products review, and the best strategies approved by them

• To benefit business insights about the main countries/localities in which the molluscicides market is prospering

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