Aquatic Herbicides Market Overview, Revenue, Demand, Segment and Forecast by 2030
Market Scenario
Market
Research Future (MRFR) studied the Global Aquatic Herbicides Market for 2022 to
2030. As per MRFR findings, the aquatic herbicide market can thrive at 9.4%
CAGR and earn USD 1305.9 million by 2030. The large scale pisiculture practise
across different regions is creating the need for aquatic herbicides to
maintain quality of water. This can underpin the expansion of the aquatic
herbicides market in the coming period. The rise in the adoption of integrated
weed management systems can favor the aquatic
herbicide market overview to gain momentum. In addition,
environmental concerns, along with the rise in the application of herbicides
can boost the expansion of the aquatic herbicides market.
Segment Assessment
The
segment assessment of the aquatic herbicide market is done by mode of action,
form, type, mode of application, application, and chemical formulation.
The
form based segment of the aquatic herbicide market are granules and liquid. The
liquid herbicides segment is anticipated to expand faster over other segments
in the review period owing to the ease of obtainability and high effectiveness.
The
mode of action based segment of the aquatic herbicide market are non-selective
and selective. The selective herbicides segment can hold the largest market of
the overall share in the study period.
The
mode of application based segment of the aquatic herbicide market are
sub-surface injection and foliar sprays. The increase in the demand and ease of
application of foliar spays can win profits for the aquatic herbicides market.
The
chemical formulation based segments of the aquatic herbicide market are diquat,
glyphosate, 2, 4-d, imazapyr, and triclopyr among others. Others are
flumioxazin, fluridone, copper, and chelated copper. The glyphosate herbicides
segment can expand at the highest growth rate as it is the widely used
herbicide for its quick action with high efficiency.
The
type based segments of the aquatic herbicide market are systematic herbicides
and contact herbicides. The extensive use of contact herbicides due to their
effective action can cause the aquatic herbicide market to rise at rapid pace
in the near future.
The
application based segments of the aquatic herbicides market are recreational
water, fisheries, and agricultural water among others. The agricultural water
is liked to be the leading segment in study period as the agricultural sector
is observed to expand rapidly.
Regional Analysis
Trends
of the aquatic
herbicide market report is studied across key regions;
North America, APAC, Latin America, and MEA. In North America, the aquatic
herbicide market can expand exponentially due to the impact of the agriculture
system in the region. In addition, the large scale pisiculture practise in the
region can promote the adoption of aquatic herbicides. This can promote the
growth of the regional market. The growing popularity of integrated weed
management systems can support the expansion of North America market. In Asia
Pacific, the aquatic herbicide market can secure the second-largest share of
the overall market. APAC aquatic herbicide market can rise at the highest
expansion rate across the review period. In Europe, the aquatic herbicide
market rise can be attributed to the rapid adoption of integrated weed
management systems. The rise in environmental concerns and application of
herbicides to boost agricultural activities at affordable labor cost can
promote the regional aquatic herbicides market.
Competitive Analysis
Platform
Speciality Products Corporation (US), Albaugh LLC (US), Land O’ Lakes, Inc.
(US), BASF SE (Germany), Syngenta (Switzerland), Lonza (Switzerland), Nufarm
Limited (Australia), DowDuPont (US), Monsanto Company (US), UPL (India), SePRO
Corporation (US), Valent BioSciences LLC (US), and Sanco Industries, Inc. (US)
are some reputed companies in the aquatic herbicide market as listed by MRFR.
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