Market Synopsis:
Aquatic herbicides are formulations used to prevent the growth of aquatic weeds and pond algae. These environmentally friendly herbicides are used to control the growth of non-native invasive species in lake, rivers, and reservoirs which can cause significant economic losses.
Aquatic herbicides are available in liquid or granular form and can be applied as foliar sprays or directly added to water. The choice of selective or non-selective aquatic herbicide depends on the plant species, dosage, time of application, and contact duration. The global aquatic herbicide market has been segmented, based on chemical formulation, into glyphosate, 2, 4-D, imazapyr, diquat, triclopyr, and others including flurifone, flumioxagin, and copper and chelated copper. The two types of aquatic herbicides are contact and systematic herbicides. Contact herbicides affect only the plant tissue where applied while systematic herbicides translocate across the plant from the leaves to roots, down to a cellular level.
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Aquatic weeds have become a major problem as they restrict the flow of water in flood control and irrigation canals, increase sedimentation rates in reservoirs, reduce biodiversity, threaten endangered species of plants and animals, degrade water quality, create mosquito breeding habitats, and cause major losses to property values. Aquatic herbicides help address these issues as they inhibit the growth of weeds. Additionally, herbicides do not affect people, animals, aquatic animals, or the environment and are, thus, safe to use. Their eco-friendly nature and advantages compared to other treatment processes such as manual and mechanical methods are expected to drive the growth of the global aquatic herbicides market during the forecast period. Furthermore, the increasing demand for water due to limited reserves of freshwater, the growing population, and use in power generation and agriculture has led to a surge in the demand for aquatic herbicides.
However, a lack of awareness of the benefits and ecologically sustainable nature of aquatic herbicides and public acceptance may restrain market growth during the review period.
Market Segmentation:
The global aquatic herbicides market has been segmented based on form, mode of action, mode of application, chemical formulation, type, application, and region.
Based on form, the global aquatic herbicides market has been segmented into liquid and granules.
By mode of action, the global aquatic herbicide market has been segmented into selective and non-selective herbicides.
The global aquatic herbicide market has been divided into foliar sprays and sub-surface injection based on mode of application.
On the basis of chemical formulation, the global aquatic herbicide market is segmented into glyphosate, 2, 4-D, imazapyr, diquat, triclopyr, and others including fluridone, flumioxazin, and coper & chelated copper.
Based on type, the global aquatic herbicide market has been segmented into contact herbicides and systematic herbicides.
The global aquatic herbicide market has also been segmented based on application into agricultural water, fisheries, recreational water, and others.
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Regional Analysis:
The global aquatic herbicide market has been analyzed with regard to five regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
North America dominated the global market for aquatic herbicides in 2017. The rising adoption of integrated weed management systems and environmental concerns have led to an increase in the demand for aquatic herbicides in the region. Also, herbicides are extensively used for agricultural purposes to eliminate the labor cost of weeding. The presence of leading manufacturers such as DowDuPont and Monsanto Company in the region is also projected to contribute to market growth during the forecast period.
Asia-Pacific is expected to be the fastest-growing market for aquatic herbicides. Australia and New Zealand together accounted for the majority share of the market in 2017, followed by India. Increasing awareness of aquatic weed management is one of the major factors driving the growth of the market in Asia-Pacific.
Europe is the largest exporter of food and agricultural products in the world due to the presence of an established agricultural sector. The demand for aquatic herbicides in the region is driven by its use in fisheries, farming, and forestry.
The growing agricultural sector in Brazil and Mexico has led to the rising demand for water, which is expected to result in the moderate growth of the aquatic herbicides in Latin America during the forecast period.
The market in the Middle East & Africa is expected to grow at a steady rate due to the rising need to conserve ecosystems and water bodies in the region.
Key Players:
Some of the key players in the global aquatic herbicide market are DowDuPont (US), BASF SE (Germany), Monsanto Company (US), Syngenta (Switzerland), Nufarm Limited (Australia), Lonza (Switzerland), Land O’ Lakes, Inc. (US), UPL (India), Platform Speciality Products Corporation (US), SePRO Corporation (US), Albaugh, LLC (US), Valent BioSciences LLC (US), and Sanco Industries, Inc. (US).
Intended Audience:
- Manufacturers and suppliers of aquatic herbicides
- Traders and distributors
- Nationalized laboratories
- Research and development organizations
- Potential investors
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