Molluscicides are pesticides which kill mollusks, an animal
phylum of thousands of invertebrate creatures. Mollusks include octopi and
squid, as well as snails and slugs, which are usually targeted by
molluscicides. Slugs and snails are well-known by farmers and gardeners as some
of the most destructive and annoying pests. They can destroy the leaves and
fruit of a large variety of plants. Furthermore, direct drilling and high
organic build in crop management has led to increase in population of slugs and
snails, thus hindering crop productivity. Further, the golden apple snail (GAS)
is among the growing species of snails that attack rice crops in Asian
countries. For this reasons, the demand for molluscicides is growing
significantly across all regions.

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MOLLUSCICIDES MARKET OUTLOOK

The major factors such as growing usage of agrochemicals in
developing countries, infestation of golden apple snail in the rice fields of
Asia and demand for horticulture crops are driving the global hemp oil market.
Whereas, geographical limitation on molluscicides usage, regulatory
restrictions on the use of molluscicide products and traditional pest control
methods used by farmers are some factors hampering the global molluscicides
market growth.

MOLLUSCICIDES MARKET SEGMENTAL OVERVIEW

The molluscicides
market is classified into product type, application and geography.

MOLLUSCICIDES MARKET BY PRODUCT TYPE

Based on product type, the molluscicides market is segmented
into chemical and biological molluscicides. Further, chemical molluscicides is
bifurcated into niclosamide, metaldehyde, ferric phosphate and methiocarb. The
ferric phosphate is a compound that combines phosphorous and oxygen with iron.
It can kill slugs and snails when eaten. Besides, the toxicity of iron
compounds like this depends on the amount of available iron. Furthermore,
methiocarb is a carbamate molluscicide used alone or in combination with
metaldehyde. It has anticholinesterase, nicotinic and muscarinic activities.
The compound is usually in pellet form and dyed blue or yellow so that affected
animals can be detected by the blue/yellow staining of their mouths.

MOLLUSCICIDES MARKET BY APPLICATION

Various application were studied in the report such as
agricultural and non-agricultural. The agriculture is further divided into
fruits & vegetables, cereals & grains and oilseeds & pulses.
Likewise non-agricultural is bifurcated into commercial and residential. There
is an increase in the usage of molluscicides in the agricultural because of the
application of molluscicides to crops such as corn, rice, and wheat. Furthermore,
molluscicides can be effective for controlling targeted mollusks. Currently,
only copper sulfate and copper chelate formulations have been utilized as a
viable molluscicide treatment in open water systems with proper permitting.
Niclosamide may be used for controlling snail (mollusks) populations in
aquaculture ponds.

MOLLUSCICIDES MARKET BY GEOGRAPHY

The molluscicides market report is studied across the key
countries of North America, Europe, Asia Pacific and Rest of the World. The
North America region dominated the molluscicides market, owing to the presence
of large number of crop fields in United States and declining crop productivity
due to rising number of slugs and snails has resulted to preference towards
application of molluscicides to crops among the farmers in the United States.
Whereas, Asia Pacific is anticipated to witness the fastest growth rate during
the forecast period due to the increasing demand for agrochemicals.

MOLLUSCICIDES MARKET KEY PLAYERS

Various key companies are involved in the global hemp oil
market such as Amvac Chemical Corporation, DeSangosse Ltd., Incotech, Sharda
Europe, The Scotts Company Ltd., Unichem Limited, Westland Horticulture Ltd.,
Adama Agricultural Solutions, American Vanguard Corporation, BASF SE, Bayer
CropScience Limited, Certis Europe, Chiltern Farm Chemicals Ltd., De Sangosse,
Doff Portland Ltd., Farmco Agritrading Ltd., Lonza Group, Marrone Bio
Innovations, Neudorff GmbH, PI Industries, Sipcam Lt.d, Syngenta and W.
Neudorff GmbH. Market players are involved in new product launches and mergers
& acquisitions to exploit maximum revenue potential in global market.

MOLLUSCICIDES MARKET DEVELOPMENTS

July 4, 2017, ADAMA Agricultural Solutions Ltd., acquired
Hubei Sanonda Co., Ltd in a reverse merger transaction. Hubei Sanonda Co., Ltd.
manufactures and sells pesticides, veterinary drugs, intermediates, and
chemical products in China and internationally.

September 2017, American Vanguard Corporation announced that
its wholly owned subsidiary AMVAC Netherlands BV, has completed the acquisition
of Grupo Agricenter, a leader in agricultural solutions in Central America and
the Caribbean. Terms of the deal were not disclosed.

September 25, 2017, American Vanguard Corporation announced
that its wholly owned subsidiary AMVAC Chemical Corporation acquired OHP,
Inc.  OHP is a leading provider of
technology based pesticide solutions specifically packaged and labeled for
greenhouse and nursery production applications. Products are marketed utilizing
a network of leading distribution partners throughout the United States and
Puerto Rico.

October 2017, Bayer signed an agreement to sell selected
Crop Science businesses to BASF for EUR 5.9 billion. The assets to be sold
generated net sales of approximately EUR 1.3 billion in 2016. The assets to be
sold include Bayer’s global glufosinate-ammonium business and the related
LibertyLink™ technology for herbicide tolerance, essentially all of the
company’s field crop seeds businesses, as well as respective research and
development capabilities.

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