The rise in aquaculture farming activities and growing awareness about the advantage of herbicides are expected to drive the demand for the Aquatic Herbicides market in the forecast period, 2023-2027.
According to TechSci Research report, “Aquatic Herbicides Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, The global aquatic herbicides market is anticipated to increase at an impressive rate in the forecast period, 2023-2027. Food is necessary for human and animal survival; even minor disturbances can impact survival. Aquatic herbicides can help desirable plants or fishes to receive essential nutrients and air by destroying the growth of weeds and hogs. Thus, the demand for aquatic herbicides is expected to rise due to an increase in the production of fish and crops to fulfill the need. According to Statista, herbicides hold the highest market position in pesticides, beating insecticides, fungicides, and bactericides. The above-increased trend shows the awareness about herbicides among people in recent years and is expected to increase the market growth of Aquatic herbicides.
Due to rapidly growing population needs, the demand for food and water increases at an unexpected ratio. Additionally, people-built ponds and lakes for decoration, farming, and water harvesting. Ongoing development to enhance aquatic herbicides and favorable government policies can be led to an increase in demand that directly impacts the market for Aquatic Herbicides increases across the industries. Thus, it is expected that the need for Aquatic Herbicides is going to grow in the projected year.
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The global aquatic herbicides market is segmented type, mode of application, mode of action, and application.
Based on type, the market is divided into glyphosate, 2,4-d, imazapyr, triclopyr, and others. Imazapyr aquatic herbicides are expected to hold the largest market share in the forecast period, 2023-2027. Among all categories, it is widely demanded because it is less harmful to animals and crops in water bodies.
Based on the mode of action, the market is divided into selective and non-selective. Selective herbicides are expected to hold the largest market share in the forecast period, 2023-2027. Selective aquatic herbicides can be more specific to target unwanted plants and can’t harm nearby fishes and desirable plants in water bodies. Thus, it is dominating the market.
Based on the mode of application, the market is split into foliar and submerged. As per estimates, the foliar segment will experience the highest market share during the forecast period. Foliar ensures it reaches more weed roots or leaves than the submerged segment. Foliar application takes lesser time than to reach other alternatives.
Major operating companies operating in global aquatic herbicides market are:
- BASF SE
- Dow Chemical Company
- Syngenta AG
- Nufarm Limited
- Lonza Group
- Land O'Lakes, Inc.
- UPL Limited
- Element Solutions Inc (Platform Specialty Products)
- SePRO Corporation
- Albaugh LLC
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“The Asia-pacific region dominates the market and is expected to maintain its dominance in the coming years because the countries in the region have the favorable condition for fisheries and aquaculture. The highest number of populations on the globe live in this region. Hence, this region more consumption of food or water for survival. Ongoing development projects, the highest share of manufacturing units, and increasing demand for goods that require Aquatic Herbicides products directly impact the growth of the market share. According to Statista, the Consumption of herbicides for agriculture and other purposes was almost 1.4 million worldwide in 2020. Thus, all the factors make aquatic herbicides a lucrative market expected to achieve impressive growth.
Besides the people's needs, Government initiatives for encouraging agriculture, ongoing technological development, and efforts by marketers around the world Countries are going to increase Aquatic Herbicides production as well as utilization and export. Thus, a favorable scenario is going to propels the global aquatic herbicides market growth till 2027.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Aquatic Herbicides Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Type (Glyphosate, 2,4-D, Imazapyr, Triclopyr, and Others), By Mode of Application (Foliar, and Submerged), By Mode of Action (Selective, and non-Selective), By Application (Agricultural Waters, Fisheries, Recreational Waters, and Others), By Company and By Region”, has evaluated the future growth potential of global aquatic herbicides market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global aquatic herbicides market.
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