Aquatic Herbicides Market Research Report Information Information by Type (Glyphosate, 2-4-D, Imazapyr, and Others), Mode of Application (Foliar and Submerged), Mode of Action (Selective and Non-Selective), Application (Agricultural Waters, Fisheries, and Recreational Waters), and Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast till 2030
ID: MRFR/AGR/4999-HCR | 140 Pages | Author: Sakshi Gupta | June 2023
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Aquatic Herbicides Market Overview
Aquatic Herbicides Market is expected to register a CAGR of 9.4% from 2022 to 2030 and reach USD 1305.9 million by the end of 2030. Aquatic herbicides are weed killers used to prevent, control, and eradicate weeds in aquatic conditions. The US Environmental Protection Agency (USEPA) has registered 300 herbicides, and only 13 active ingredients are approved for use in and near aquatic habitats. Aquatic herbicides can be selective and non-selective, based on their mode of action. Selective herbicides target only certain specified selective herbicides and are non-harmful to other living entities in the same aquatic ecosystem. Non-selective herbicides attacks on every plant which comes in contact with them. The increasing number of manmade water reservoir due to limited water supply from freshwater reservoirs, rising trend of farm ponds to store & supply water, and increasing fishery and other aqua-cultural activities are the major factors driving the growth of global aquatic herbicide market. Moreover, aquatic herbicides are gaining popularity for weed management in dams and waterways, which is expected to boost the growth of global aquatic herbicide market. However, longer response time and negative public perception can hinder the growth of global aquatic herbicide market.
Aquatic Herbicides Market Segmentation
The aquatic herbicides industry has been segmented based on type, mode of application, mode of action, application, and region. The global market has been classified, based on types, like glyphosate, 2-4-D, imazapyr, and others. The global market has been bifurcated, on the basis of mode of application, into foliar and submerged. On the basis of mode of action, the global market has been divided into selective and non-selective. Based on application, the global market has been categorized as agricultural waters, fisheries, and recreational waters. The aquatic herbicides market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American aquatic herbicides industry has further been segmented into the US, Canada, and Mexico. The European aquatic herbicides industry has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The aquatic herbicides industry in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The aquatic herbicides industry, in the rest of the world, has been segmented into South America, the Middle East, and Africa. Key Players
Aquacide Company (US), Alligare (US), SOLitude Lake Management (US), Lonza Group Ltd (Switzerland), Land O’Lakes Inc (US), UPL INDIA LTD (India), SePRO Corporation (Indiana), The Dow Chemical Company (US), BASF SE (Germany), Monsanto Company (US), Syngenta AG (Switzerland), Nufarm Ltd (Australia), Albaugh LLC (US), Sanco Industries, Inc (US), Valent BioSciences LLC (US) are some of the key players in the global aquatic herbicides industry.
Regional Market Summary Global Aquatic herbicides Market Share (%), by Region, 2018
Source: Secondary Sources and MRFR Analysis The market in North America is expected to dominate the global aquatic herbicides during the forecast period due to rising adoption of integrated weed management systems. Moreover, increasing awareness about environmental concerns and extensive use of herbicides in agricultural activities to reduce labor cost associated with weed management are the factors anticipated to fuel the growth of aquatic herbicides industry in this region. Asia-Pacific is projected to grow at the highest CAGR due to the rising demand for glyphosate from Australia and New Zealand to control the pre-emergence of weeds. Additionally, the expansion of agricultural activities in countries like India and China is expected to boost the market in this region. The market in the rest of the world is expected to gain a significant share as there is an increasing need to conserve water bodies in many countries of the Middle East and Africa.
Source: Secondary Sources and MRFR Analysis The market in North America is expected to dominate the global aquatic herbicides during the forecast period due to rising adoption of integrated weed management systems. Moreover, increasing awareness about environmental concerns and extensive use of herbicides in agricultural activities to reduce labor cost associated with weed management are the factors anticipated to fuel the growth of aquatic herbicides industry in this region. Asia-Pacific is projected to grow at the highest CAGR due to the rising demand for glyphosate from Australia and New Zealand to control the pre-emergence of weeds. Additionally, the expansion of agricultural activities in countries like India and China is expected to boost the market in this region. The market in the rest of the world is expected to gain a significant share as there is an increasing need to conserve water bodies in many countries of the Middle East and Africa.Global Aquatic herbicides Market, by Type
- Glyphosate
- 2-4-D
- Imazapyr
- Others
Global Aquatic herbicides Market, by Mode of Application
- Foliar
- Submerged
Global Aquatic herbicides Market, by Mode of Action
- Selective
- Non-Selective
By Application
- Agricultural Waters
- Fisheries
- Recreational Waters
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia and New Zealand
- Rest of Asia-Pacific
- Rest of the World (RoW)
- South America
- Middle East
- Africa
Intended Audience
- Manufacturers and suppliers of aquatic herbicides
- Traders and distributors
- Nationalized laboratories
- Research and development organizations
- Potential investors
Frequently Asked Questions (FAQ) :
Aquatic herbicides market is projected to grow at approximately 9.4%CAGR during the assessment period (2022-2030).
Aquatic herbicides market is estimated to reach a valuation of approx. USD 1305.9 Million by the end of 2030.
Foliar spraysis the largest application segment in the global aquatic herbicides market.
North Americaholds the largest share in the global aquatic herbicides market, followed by Europeand the Asia Pacific, respectively.
Aquacide Company (US), Lonza Group Ltd (Switzerland), Nufarm Ltd (Australia), Alligare (US), Syngenta AG (Switzerland), UPL INDIA LTD (India),SOLitude Lake Management (US), BASF SE (Germany), SePRO Corporation (Indiana), Land O’Lakes Inc. (US), Monsanto Company (US), The Dow Chemical Company (US), Albaugh LLC (US), Valent BioSciences LLC (US), and Sanco Industries, Inc. (US), are some of the top players operating in the global aquatic herbicides market.
Key Questions Answered
- ✅ Global Market Outlook
- ✅ In-depth analysis of global and regional trends
- ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
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- ✅ To identify opportunities in the market.
- ✅ Analyze the key challenges in the market.
- ✅ Analyze the regional penetration of players, products, and services in the market.
- ✅ Comparison of major players’ financial performance.
- ✅ Evaluate strategies adopted by major players.
- ✅ Recommendations
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