The Global Molluscicides Market was worth USD 573 million in 2016 and estimated to be growing at a CAGR of 4.2%, to reach USD 700 million by 2021.
Hyderabad, India -- (SBWIRE) -- 02/15/2018 -- According to a new market research report "Molluscicides Market by Source (Chemical and Biological), by Type (Metaldehyde, Methiocarb, Ferrous Phosphate and Others), by Method of Application (Pellets, Sprays, Powders), by Applications (Field Crops, Horticultural Crops, Turf & Ornaments, Industrial and Others)", published by MarketDataForecast™, the market is expected to be USD 573 million in 2016 and estimated to be growing at a CAGR of 4.2%, to reach USD 700 million by 2021. The market keeps on picking up the force with the rising mindfulness in regards to the utilization of Molluscicides to control mollusc populace. The market has seen enthusiasm from different organizations as of late and is normally the same in up and coming years.
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Field Crops are estimated to account for the largest market share in 2017
By Application, the Global Molluscicides Market is classified into Field Crops, Horticultural Crops, Turf & Ornaments, Industrial and Others. The Fields segment is expected to lead the Global Molluscicides Market in 2017. Factors driving the growth of this segment include the increase in the awareness, ease of use, cost-effectiveness and increase in the demand.
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Molluscicides Markey: Key drivers and restraints
Molluscicides assume a critical part in horticulture segment with the end goal of product security. They go about as pesticides against molluscs to control gastropod bugs, for example, slugs or snails which are in charge of harming crops by bolstering on them. They are normally utilized as a part of the type of goads or pellets to draw in bugs and dispose of them.
The rising appropriation of agrochemicals crosswise over developing nations has been one of the key variables driving the market for Molluscicides. Another central point in charge of market development is the increment in item deals because of rain-quick attributes, interest for higher esteem agriculture yields and developing mindfulness about mollusc control. Notwithstanding, there are a few factors that frustrate the development of the market. These incorporate, land confinement in use, administrative limitations, the absence of satisfactory assets and ecological danger because of the over utilization.
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The Asia Pacific is estimated to command the largest share of the market
Based on region, the Molluscicides Market is segmented into North America, Europe, Asia, Latin America and the Middle East and Africa. Developing economies with a tropical atmosphere in the Asia-Pacific region is probably going to lead the pack in the selection of molluscicides. Be that as it may, South America will likewise indicate quick development in the fragment.
Key players in the Molluscicides Market include Bayer Cropscience AG, BASF SE, Adama Agricultural Solutions Ltd, De Sangosse SAS, Neudorff GmbH Kg, Certis Europe B.V, Lonza Group AG, Marrone Bio Innovations Inc, American Vanguard Corporation, Doff Portland Ltd.
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Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
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