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Market Leaders - Molluscicides Market
Key players in the molluscicides market include Lonza Group AG (Switzerland), Bayer CropScience AG (Germany), BASF SE (Germany), Adama Agricultural Solutions Ltd (Israel), Doff Portland Ltd.(U.K.), W. Neudorff GmbH KG (Germany), Certis Europe B.V. (The Netherlands), and Marrone Bio Innovations Inc. (U.S.).
These players have adopted various growth strategies such as acquisitions, new product developments, and expansion of business operations to meet the changing pesticide demands. They are focusing on expanding their operations in emerging markets and strengthening their R&D capabilities by investing in advanced technology so as to offer a diversified product portfolio for different applications, particularly for the field and horticultural crops. The key driving factors of the molluscicides market include increasing usage of agrochemicals in developing countries such as South Africa, Nigeria, Vietnam, South Korea, and others, and increasing demand for high-value horticultural crops.
The core strengths of the key players in this market are their aggressive acquisitions, new product developments and launches, and strategic expansions, to diversify the business geographically, and strategically locate large distribution networks. Market leaders such as Lonza Group AG, Bayer CropScience AG, BASF SE, Adama Agricultural Solutions Ltd, Doff Portland Ltd., W. Neudorff GmbH KG, Certis Europe B.V., and Marrone Bio Innovations Inc. have successfully tapped the potential markets through acquisitions and expansions. The key companies focus on introducing and offering a wide range of molluscicides for field, horticultural, and industrial applications to maintain their position in the market.
In 2016, BASF SE projects its crop protection pipeline to achieve peak sales of USD 3.3 billion for new products launched for all crop protection indications in row and specialty crops between 2015 and 2025. This promising pipeline is the result of continuous investments in research & development. Lonza Group AG (Switzerland) has been the most active in the ingredients market and adopted growth strategies such as acquisitions and agreements. For instance, in 2015, Lonza Group AG acquired Zelam (New Zealand), a research-focused chemical company, which develops and manufactures products for crop protection specializing in insecticides. This acquisition is an important growth strategy to expand Lonza’s agro ingredients segment by providing entry into new strategic markets and products that are complementary to their existing Meta business.
Molluscicides Market by Source (Chemical Molluscicides, Biological Molluscicides), Type (Metaldehyde, Methiocarb, Ferrous Phosphate), Method of Application (Sprays, Powders, Pellets), Application, and by Region - Global Forecast to 2021
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