European Molluscicides is expected to grow at a CAGR of 3.62% and reach USD 150.59 million in 2021 from USD 126.06 million in 2016.
The Molluscicides market is expected to show evident potential in the forecasting period. The market continues to build up momentum with the increasing awareness about the benefits of Molluscicides for mollusc control.
It has seen rapid growth recently and is predicted to show equal momentum in coming years.
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Molluscs are responsible for damaging the crops by feeding on them and thus highly affecting their productivity.
Molluscicides are thus helpful in order to get rid of pests like snails, slugs and others which act as molluscs and are responsible for crop damage. Molluscicides are generally found in the form of snail baits and snail pellets.
The increase in adoption of agrochemicals among various regions of the world has acted as fuel for the growth of the Molluscicides market. Other key factors impacting the market growth are rain fast characteristics driving product sales, demand for high quality horticulture crops and rising awareness regarding molluscs’ control.
On the other side, the factors which hamper the growth of the market are geographical limitations, restrictions on regulations, lack of resources as well as environmental harms of excessive chemical usage.
The Europe Molluscicides market is divided based on type, source, application and mode of application. The segmentation on the basis of type is done into methiocarb, Metaldehyde, ferrous phosphate and others.
On the basis of source, the market is categorized into biological as well as chemical. Under segmentation by application, the categories include field crops, industrial, turf & ornaments and horticulture crops.
Further, the segmentation is also done under mode of application, and the segments are pellets, powder and sprays. The market is dominated by the chemical segment and the Metaldehyde segment based on source and type respectively.
On the basis of geography, the Europe market is analysed under various regions namely U.K, Germany, Spain, Italy and France.
Some of the major competitors in the Molluscicides market are Lonza Group AG, Doff Portland Ltd., Bayer Cropscience AG, Adama Agricultural Solutions Ltd., BASF SE, Marrone Bio Innovations, Inc., De Sangosse SAS, American Vanguard Corporation, Neudorff GmbH Kg, Certis Europe B.V.
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