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The global molluscicides market has been estimated at USD 902.99 million in 2016. The market is expected to register a CAGR of 19.63% during the forecast period, 2018 to 2023. North America accounted for the largest market, accounting for around 37% of the global market share, while AsiaPacific was estimated to register the fastest CAGR through the forecast period, 20182023.
Emergence of Golden Apple Snail as a Serious Rice Pest
The golden apple snail is a fresh water snail which is one of the major rice pest in Asia S.E Asia. As application of synthetic molluscicides has a toxic effect on nontarget organisms, hence giving rise to the need for botanical molluscicides as an alternative. As per the 2017 reports of Government of New South Wales that this snail is also a serious threat to Australia's rice industry. Under the Biosecurity Act 2015, golden apple snail is classified as prohibited matter. The Rice Biosecurity Zone has been established for the long term management of various pests and diseases, including golden apple snail.
North America to Dominate the Market Growth
North America has the highest share in the market, accounting for around 37% of the global market share in 2017. USA dominates the North American market, with a share of around 78% by value of the total molluscicides market in North America. Molluscicides form a small but significant segment of the US pesticides market. The mollusk chemical control products available in the market are limited in number, compared to herbicides, fungicides and insecticides. The metaldehydebased products are dominating the market and can be applied to many crops; but due to their sensitivity towards rains, they become non economical for the farmers.
Key Developments in the Market
Oct 2017: In October 13th 2017, Bayer has signed an agreement to sell selected Crop Science businesses to BASF for EUR 5.9 billion.
Sept 2017: On the 25th of September 2017, AMVAC Chemical Corporation acquired OHP, Inc. which is a leading provider of technology based pesticide solutions.
Sept 2017: On12 th of September 2017, AMVAC Netherlands BV acquired Grupo Agricenter, a wellestablished distributor of multiple crop protection products in seven Central American and Caribbean countries.
Jul 2017: In July 4 th 2017, Adama Agricultural Solutions acquires Hubei Sanonda Co., Ltd.
Major Key Players LONZA, CERTIS, BAYER CROPSCIENCE, AMVAC CHEMICAL CORPORATION, DOFF PORTLAND LTD, ADAMA AGRICULTURUAL SOLUTIONS
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