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"Global Aquatic Herbicides Market was Valued at US$ XX Mn in 2019 And it is Expected to Reach More than US$ 976.3 Mn by 2028, Likely to Grow with the CAGR of 6.4 % During the Forecast Period."
Herbicides are the type of pesticides that are used to suppress or kill unwanted plants. Aquatic herbicides are utilized to restrict the growth of weeds and other unwanted vegetation in water bodies in farming.
The Rising Adoption of Weed Control is Anticipated to Drive the Demand For Aquatic Herbicides Market.
The rising demand for aquatic herbicides owing to the growing adoption of weed control and its advantages over other conventional treatment methods such as mechanical and manual methods are expected to boost the demand for aquatic herbicides in various applications.
Aquatic herbicides are utilized when long-lasting weed control becomes obligatory at less negative effects on aquatic life. In addition, an increasing aquaculture farm and the growing inclination of organic farming among aquaculture farmers are positively impacting the aquatic herbicides market globally in the future.
However, the time-consuming process of getting approval for the herbicides usage may restrain the growth in the future to some extent.
Glyphosate Segment Held the Significant Share in Global Aquatic Herbicides Market in 2019
The glyphosate segment dominates the aquatic herbicides market with xx % market share in terms of value and this trend is expected to continue during the forecast period. Glyphosate can be employed to control the growth of weeds, such as marsh dew flower, reed sweet grass, and swamp sedge, and can be tank-mixed with 2,4-D to control of Cuban bulrush.
However, the 2, 4-D segment is projected to be the fastest-growing segment in terms of volume in the aquatic herbicides market over the forecast period. The demand for the 2, 4-D type of aquatic herbicides is increasing across the globe, especially in developing countries such as India, and Brazil. 2, 4-D aquatic herbicides are the most preferred herbicides as it has a simple mode of action and easy application. 2, 4-D functions by simulating the hormone, auxin, which leads to uncontrollable cell proliferation and plant growth. This ultimately leads to plant death. 2, 4-D type of aquatic herbicides is one of the earliest registered aquatic herbicides in the US. It is primarily used for controlling weeds in food crops, non-crops, turf crops, and aquatic bodies. The 2, 4-D segment is hence projected to be the fastest-growing in the aquatic herbicides market over the forecast period
Selective Aquatic Herbicide Segment is Expected to Witness the Highest Growth in the Aquatic Herbicide Market Across the Globe
The Selective herbicides segment is projected to grow at a higher CAGR over the forecast period. Selective herbicides kill specific targeted weeds or plants, while preferred crops relatively unharmed. Its action is very specific to the target plant and there is a low chance of excessive use and indiscriminate, these factors are likely to drive the market for selective aquatic herbicides.
The Asia Pacific Is Anticipated to be the Fastest-Growing Regional Market for Aquatic Herbicides.
The Asia Pacific region is expected to grow with the highest growth rate over the next ten years owing to an increase in overall economic growth, the use of glyphosate to control emergent, floating-leaf weeds, and free-floating. Countries such as Australia and New Zealand hold a major share of more than 60% of the Asia Pacific aquatic herbicides market. India is expected to be one of the fastest-growing markets for aquatic herbicides in the Asia Pacific region, due to varied agricultural climate and relatively inexpensive labor.
While North America held a significant market value share in the global aquatic herbicides market in 2019 and is expected to dominate the global aquatic herbicides market over the forecast period followed by Europe. This can be attributed to the presence of primary aquatic herbicides manufacturers operating on global and regional levels coupled with the rising adoption of integrated weed management by the aquaculture farmers.
The European region is expected to provide significant growth opportunities for the global aquatic herbicides market over the forecast period, owing to the growing adoption of aquatic herbicides in agricultural waters and recreational waters along with the stringent rules formulated by the government and other regulatory bodies. In addition, the climatic and environmental conditions in the two regions are favorable for the growth of herbs and weeds and thus, these regions extensively use require herbicides.
Some of the key players in the global Aquatic herbicides market are Albaugh, BASF SE, Land O'lakes, DOW Chemical, Lonza, Monsanto, Nufarm, Fluridone, Syngenta, Sanco Industries, UPL, Platform Specialty Products, SePRO Corporation, and Valent.
Aquatic Herbicides Market Key Segments:
Aquatic Herbicides Market, By Type
- Others (fluridone, flumioxazin, and copper & chelated copper)
Aquatic Herbicides Market, By Application
- Agricultural waters
- Recreational waters
- Others (retention ponds, development waters, and flood control canals)
Aquatic Herbicides Market, By Method
Aquatic Herbicides Market, By Mode of Action
Aquatic Herbicides Market, By Region
- North America
- Asia Pacific
- Middle east and Africa
- Latin America