The Middle East and Africa Molluscicides market is estimated to reach USD 47.77 million by 2021 from a market value of USD 40.11 million in 2016 at a CAGR of 3.56%.
The Molluscicides market is showcasing significant potential over the mentioned forecast period. The market continues to build up momentum with the farmers getting more aware about the outcomes of molluscs feeding on crops and the importance of use of Molluscicides.
The use of Molluscicides has increased significantly over the recent times and is predicted to follow the same trend.
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Molluscicides play a crucial part in helping the farmers keep the crops away from damage due to pests.They are responsible for controlling gastropod pests like slugs and snails from feeding over the crops and thus damaging them.
The main forms in which the Molluscicides are found are snail baits and snail pellets, which attract pests and get rid of them.
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The major factors driving the growth of the Molluscicides market include, growing adoption of agrochemicals around various regions, rise in product sales as a result of rain-fast characteristics, demand for better quality of horticulture crops, and growing awareness about mollusc control. On the other hand the factors restraining the market are regulatory restrictions, limitation on usage due to geography, lack of proper resources and lastly the environmental risk due to excessive chemical use.
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The Middle East & Africa Molluscicides market is segmented based on type, source, method of application and applications. The market is segmented on the basis of type under Metaldehyde, ferrous phosphate, methiocarb and others.
On the basis of source the market is divided into biological and chemical. Based on method of application the segments are powder, sprays and pellets.
Finally, under application the segmentation is done into horticulture crops, field crops, industrial and turf & ornaments. The market is dominated by chemical segment and metaldehyde in their respective segments.
On the basis of geography, the Middle East & Africa market is analysed under various regions namely Middle East and Africa.
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The major companies showing interest in the market lately, include Bayer Cropscience AG, Lonza Group AG, Adama Agricultural Solutions Ltd., BASF SE, Marrone Bio Innovations, Inc., De Sangosse SAS, American Vanguard Corporation, Doff Portland Ltd., Neudorff GmbH Kg, Certis Europe B.V.
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