Asia-Pacific Molluscicides Market has been estimated at USD 120.33 million in 2016 and is projected to reach USD 148.17 million by 2021, at a CAGR of 4.25% during the forecast period from 2016 to 2021.
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The Molluscicides market is showcasing significant potential in the mentioned forecast period. The market continues to build up momentum with the growing awareness among farmers about the use of Molluscicides for controlling the population of molluscs.
The market has caught attention of various companies across the industry.
Molluscicides are one of the most important product to tackle molluscs and thus protect plant damaging.
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They act as pesticides against snails, slugs and other such organisms that feed on the plants and harm them. They are generally found in the form of snail baits or snail pellets.
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There are many factors driving the market growth and some other factors that hamper the market from showing its true potential. The major drivers of the market include rising adoption of agrochemicals among developing countries, demand for valuable horticulture crops, rain fast characteristics fuelling product sales, and awareness about controlling molluscs.
The restraints of the Molluscicides market include stringent regulatory services, environmental damage due to chemicals and lack of proper resources.
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The Asia-Pacific market for Molluscicides is categorized on the basis of source, type, mode of application and applications. Under segmentation by source, the market is categorized into biological and chemical, wherein the chemical segment dominates the market share.
The market segmentation based on type is done into metaldehyde, ferrous phosphate, methiocarb and others. Based on applications, the market is segmented into field crops, turf & ornaments, horticulture crops, and industrial.
Finally based on mode of applications, the segmentation is done into sprays, pellets and powder. The market is led by Metaldehyde segment based on segmentation by type.
On the basis of geography, the Asia-Pacific market is analysed under various regions namely China, India, Australia, Japan and South Korea.
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The major companies dominating the market share include Bayer Cropscience AG, Lonza Group AG, BASF SE, Marrone Bio Innovations, Inc., Adama Agricultural Solutions Ltd., American Vanguard Corporation, Neudorff GmbH Kg, De Sangosse SAS, Certis Europe B.V, Doff Portland Ltd.
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