The North American molluscicide market is estimated to register a CAGR of 5.2 % for the forecast period of 2020-2025. Snails and slugs are found throughout North America in almost every cropping system. Moist conditions, plant residues, and organic manures on soil surface favor the reproduction of mollusks. The damage caused by these species varies from crop to crop. Slugs and snails cause serious damages to wheat seedlings, corn, soybeans, alfalfa, and broadleaf crops.
Key Market Trends
Increasing Adoption of Agrochemicals
The agriculture segment dominated the molluscicides markets, and it is projected to continue to be the largest segment during the forecast period. The overall increase in the usage of molluscicides in the agricultural application is large because of the application of molluscicides to crops, such as corn, rice, and wheat.
Chemical molluscicides are effective for controlling pests, such as slugs and snails. Manufacturers are widely utilizing chemical molluscicides such as copper sulfate and iron sulfate, owing to the efficacy offered by these products. Copper sulfate is the most effective for controlling grey slug species whereas, iron sulfate is an environment-friendly chemical and is used to control slugs by certified organic growers.
Demand for Horticulture Crops
The demand for better quality horticultural crops is growing. The increasing awareness about the loss in yield caused by the mollusks in the horticultural crops is encouraging the application of molluscicide to reduce the impact. This factor is driving the growth of the molluscicide market. As the horticultural crops are high-value crops, it s is necessary to use molluscicide. This factor is expected to drive the growth of the molluscicide market.
The US molluscicides market is consolidated, unlike the Asian and South American markets. Lonza and Amvac Chemical Corporation are the largest market players accounting for the major share in the market. Lonza US, Amvac Chemical Corporation, W.Neudoff, Bayer USA, and Certis USA are the major companies with a wide base of customers.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support