The molluscicides market is estimated at USD 587.8 million in
2018 and is projected to reach USD 727.8 million by 2023, growing at a CAGR of
4.4% during the forecast period. The key players profiled have a strong
presence in the global molluscicides market. These include Lonza Group
(Switzerland), Bayer CropScience (Germany), American Vanguard Corporation (US),
BASF (Germany), and Adama Agricultural Solutions (Israel).
The key market players adopted various growth strategies such as
expansions & investments and mergers & acquisitions to cater to the
increasing demand for molluscicide products and to expand their businesses. The
companies in this market are increasing their investments in R&D to focus
on developing new agrochemicals with an idea of developing molluscicide
products that are less harmful to the environment than the existing chemical
molluscicides. The companies are also focusing on expanding their geographic
presence by increasing their production facilities.
The companies are also investing in new technologies to create
new molluscicide products to be used in various applications such as
molluscicides for residential purposes and for turf and ornamental applications
categorized under non-agricultural application of molluscicides. Companies such
as BASF (Germany) and De Sangosse (France) are expanding their product
portfolios by innovating new products. BASF (Germany), in May 2017, introduced
new biological molluscicides, Nemaslug and Nemasys powder, which contain
nematodes.
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Companies are also expanding their global presence by
establishing new offices and production facilities and by entering into an
agreement with other global players. In September 2018, Lonza Group
(Switzerland) established a new production facility of specialty ingredients,
which include some of its molluscicide product offerings as well, in Greenwood,
SC, US; hereby expanding its production capacity. In March 2016, Lonza Group
(Switzerland) and Nulandis (South Africa) signed a strategic distribution
agreement to launch Axcela slug & snail pellet in South Africa.
Syngenta
expanded its projects in Brazil and Switzerland. The company invested USD 240
million in 2 manufacturing plants related to crop protection products in
October 2016. This helped the company to increase its customer base in other
regions as well as increase its global market share in the crop protection industry.
In April 2016, BASF (Germany) established a new R&D center for biological
crop protection and seed solutions in Germany. This new innovation center
helped the company to develop new molluscicide products. In January 2016, De
Sangosse (France) introduced new a molluscicide product, METAREX INOV, in
Germany, thereby enhancing its molluscicide product portfolio.
Related Reports:
Molluscicides Market by
Type (Chemical (Metaldehyde, Methiocarb, Ferric Phosphate) and Biological
Molluscicides), Application (Agricultural and Non-Agricultural), Form (Pellets,
and Liquid & Gel), and Region - Global Trends & Forecast to 2023
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Mehra
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