MarketOutlook
The global Aquatic Herbicides Market size cantouch USD 721.1 million by 2024 while exhibiting a CAGR of 6.4% during the
forecast period. The rising trend of aquaculture is expected to drive the
market growth exponentially. Government approval granted to citizens to foster
fishes can bode well for the market. According to the U.S. Environmental
Protection Agency (EPA), only 13 out of 300 herbicides have been granted
approval for commercialization.
Large number of man-made reservoirs,construction of farm ponds for storage and distribution of water, and rise of
fishery are notable factors driving the global Aquatic Herbicides Market growth.
Moreover, methods developed by scientists in altering the aquatic environment
to prevent the growth of weeds can augur favorably for the market.
But long response times of these fertilizersand negative public perception can pose challenges to the market growth.
SegmentationAnalysis
The global Aquatic HerbicidesMarket is segmented based on type, mode of application, mode of action, and
application.
The global market for aquatic herbicide, by typeis segmented into Imazapyr, 2-4-D, glyphosate, and others. Glyphosate aquatic herbicide cancommand the market’s leading position till 2024 owing to its high effectiveness
and easy application.
The market, by mode ofapplication, is segmented into foliar and submerged. Foliar sprays are presumed
to gain the lead in the market due to its high demand and ease in application.
By mode of action, it isdivided into selective and non-selective. Non-selective herbicides attack
indiscriminately on all plants in the aquatic environment, while the selective
herbicides segment can be selective in its targets and protect other living
entities. Among the two, selective herbicides are projected to dominate the
global Aquatic Herbicides application Industry till 2024.
Based on application, themarket is segmented into recreational waters, agricultural waters, and
fisheries. Agricultural waters will be the biggest application owing to
government approval and subsidies given to farmers to faster cultivation of
aquatic ecosystems.
CompetitiveOutlook
LonzaGroup Ltd, Sanco Industries, Inc, Nufarm Ltd, Land O’Lakes Inc, The Dow
Chemical Company, UPL INDIA LTD, Valent BioSciences LLC, Aquacide Company,
Albaugh LLC, Monsanto Company, Syngenta AG, BASF SE, SOLitude Lake Management,
SePRO Corporation, Alligare, and others are reputed companies currently
operating in the global Aquatic Herbicides application Industry.
RegionalAnalysis
North America, Europe, Asia Pacific (APAC),and Rest-of-the-World (RoW) are major regions in the global Aquatic Herbicides
Market.
North America is expected to dominate theglobal market till 2024 owing to the adoption of integrated weed management
systems. Rising awareness about rising environmental concerns and use of
herbicides in farming can create a market demand for herbicides. Lower cost of
weed management is an added bonus which can bolster the market demand till the
end of the forecast period.
The APAC region is projected to display anexemplary growth rate during the forecast period owing to the massive demand
for glyphosate from Australia and New Zealand. In addition, the rise in farming
activities in China and India can provide a notable boost in demand of aquatic
herbicides.
The RoW can command a significant market shareowing to countries in the Middle East pledging to conserve water bodies
existing in the aquatic ecosystem.
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