Aquatic Herbicides Market by Type (Glyphosate, 2, 4-D, Imazapyr, and Others), by Method (Foliar and Submerged), and by Application (Agricultural Water, Recreational Water, and Fisheries): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Global aquatic herbicides market expected to generate around USD 830 million by 2025, at a CAGR of around 6.65% between 2019 and 2025. The rising adoption of weed control is the primary factor that is likely to drive the global aquatic herbicides market growth in the future.

12-Feb-2019 | Number of pages: 110 | Report Code: ZMR-3814 | Report Format : | Status : Published

Analysis

Herbicides are a pesticide type that is utilized for weed control purposes in farming, i.e., they are used to suppress or kill the unwanted plants. Aquatic herbicides are used to restrict the growth of weeds and other unwanted vegetation in water bodies. These herbicides are approved by the regulatory bodies and other organizations that solely focus on sustainability. There are mainly two types of aquatic herbicides—elective and non-selective. Selective herbicides target specific weeds and restrict their growth without harming other aquatic vegetation and micro-organisms. On the other hand, non-selective herbicides restrict the growth of all plants including weeds.

The rising adoption of weed control is the primary factor that is likely to drive the global aquatic herbicides market growth in the future. Aquatic herbicides are utilized when long-lasting weed control becomes obligatory at low costs coupled with less negative effects on aquatic life. The benefits of using aquatic herbicides include the introduction of weed eating fishes, insects, and other micro-organisms. This, in turn, is anticipated to further fuel the aquatic herbicides market globally over the estimated timeframe. In addition, the expansion of aquaculture farms is expected to positively impact the aquatic herbicides market globally in the upcoming years. Aquaculture farmers are the end-users of aquatic herbicides. Furthermore, the growing inclination of organic farming among aquaculture farmers is projected to provide significant growth opportunities for the market. However, the time–consuming process of getting approval for the herbicides usage may hinder this market’s growth in the future.

Global Aquatic Herbicides Market

Based on type, the global aquatic herbicides market is segmented into Glyphosate, 2, 4-D, Imazapyr, and others. On the basis of method, this market is categorized into foliar and submerged. On the basis of application, the aquatic herbicides market is classified into agricultural water, recreational water, and fisheries.

By region, North America held an extensive revenue share of the global aquatic herbicides market in 2018 and is expected to dominate the market in the upcoming years. 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 timeframe, owing to the growing adoption of aquatic herbicides in recreational waters and agricultural waters  And the stringent rules formulated by the government and other regulatory bodies 

Some key players operating in the global aquatic herbicides market include Albaugh, BASF SE, Land O'lakes, DOW Chemical, Lonza, Monsanto, Nufarm, Fluridone, Syngenta, and Sanco Industries, among others.


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