Step 1: Understanding molecularity.
Molecularity of a reaction is defined as the total number of reacting species (molecules, atoms, or ions) taking part in the elementary step of the reaction.
Step 2: Reaction given.
\[
A + 2B \longrightarrow \text{Product}
\]
This means 1 molecule of A and 2 molecules of B participate in the reaction.
Step 3: Calculate molecularity.
Total number of species involved = $1 + 2 = 3$.
Step 4: Conclusion.
Hence, the molecularity of this reaction is 3.
Final Answer:
\[
\boxed{3}
\]