Aquatic Herbicides Market Characteristics, Analysis, and Forecasts
Aquatic herbicides are pesticides developed to
eliminate weeds in ponds or other similar aquatic environment. It can kill pond
weeds, lake weeds, and pond algae. It can come in granular or liquid forms. Aquatic
herbicides can ensure the growth of plants and foster the growth of aquatic
flora and fauna. The global aquatic herbicide market report by Market Research
Future (MRFR) asserts the various factors, opportunities, and drawbacks for the
period between 2019 and 2024 (forecast period).
Market
Outlook
The global aquatic herbicide market size can
touch 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 herbicide 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 fertilizers
and negative public perception can pose challenges to the market growth.
Competitive
Outlook
Lonza
Group 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 herbicide market.
Segmentation
Analysis
The global aquatic herbicide
market is segmented based on type, mode of application, mode of action, and
application.
The global market for aquatic
herbicide, by type is segmented into Imazapyr, 2-4-D, glyphosate, and others.
Glyphosate can command the market’s leading position till 2024 owing to its
high effectiveness and easy application.
The market, by mode of
application, 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 is
divided 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 herbicide market till 2024.
Based on application, the
market 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.
Browse Full Report @ https://www.marketresearchfuture.com/reports/aquatic-herbicide-market-6461
Regional
Analysis
North America, Europe, Asia Pacific (APAC),
and Rest-of-the-World (RoW) are major regions in the global aquatic herbicide
market.
North America is expected to dominate the
global 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 an
exemplary 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 share
owing to countries in the Middle East pledging to conserve water bodies
existing in the aquatic ecosystem.
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013,
United States of America
Comments
Post a Comment