Aquatic Herbicides Market was at USD 470.9 Million and is determined to develop to USD 696.4 Million, garnering a CAGR of 6.8% throughout the foreseen period (2021-2026).
Aquatic herbicides are used to control the growth of unwanted vegetation in the water. These herbicides are approved for use in water. Aquatic herbicides help control weed growth in bodies of water. Approximately 300 herbicides are registered with the US Environmental Protection Agency (EPA), of which only 13 of the active ingredients are approved by the US EPA for use in and around aquatic habitat. Aquatic herbicides enter plants through leaves and roots and target the physiological processes of plants necessary for their growth. They can inhibit the enzymes, involved in the synthesis of amino acids, which is responsible for plant growth.
Interrupting photosynthesis or restricting plant pigment synthesis are other ways herbicides limit weed growth. This, in turn, slows down their growth and ends up killing these plants. Endotal, diquat, carfentrazone-ethyl, flumioxazine, 2, 4-D, triclopyr, glyphosate, imazapyr, imazamox, fluridone, penoxsulam, and bispyribac-sodium are some of the active ingredients in herbicides, which have been approved for use as herbicides aquatic. Selective herbicides are used to restrict the growth of specific plant species, without causing damage to plants and crops of other species. Selective herbicides target and limit weed growth, without harming other plants and crops. In contrast, non-selective herbicides limit the growth of all plants and crops in the areas where they are used. Selective herbicides are more expensive than non-selective herbicides.
COVID-19 is disrupting certain activities in agriculture and supply chains. There are disruptions in supply chains due to transportation issues and other issues. The prices of wheat, vegetables and other crops have fallen, but consumers tend to pay more. Media reports show that closing hotels, restaurants, candy stores and tea rooms during the shutdown is already reducing milk sales. The economic impact will likely be much more severe for two reasons. First, before COVID-19, the economy was already slowing down, exacerbating existing problems of unemployment, low income, rural distress, malnutrition, and widespread inequality. Second, the large informal sector is particularly vulnerable.
Recent Developments:
Aquatic herbicides are chemicals used in water to inhibit the growth of aquatic weeds, including pond algae, lake algae, and pond algae. Several advantages of aquatic herbicides over mechanical and manual processing methods are the main factor likely to drive the growth of the aquatic herbicide market during the forecast period. The increasing adoption of weed control is another factor that is expected to drive the growth of the aquatic herbicide market during the foreseen period. Companies operating in the target market can focus on developing safe herbicides for aquatic animals and humans, thus creating a lucrative opportunity for new and existing players operating in the market over the outlook period. However, taste issues, water use restriction, and toxicity are key factors that can hamper the growth of the aquatic herbicide market in the coming years. Additionally, strict government regulations for the approval of aquatic herbicides are another factor likely to hamper market growth during the conjecture period.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2021 – 2026 |
|
Base Year |
2020 |
|
Forecast Period |
2021 - 2026 |
|
CAGR |
6.8% |
|
Segments Covered |
By Type, By Mode of Application, By Mode of Action |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
UPL, Monsanto, Land O’lakes, SePRO Corporation, Nufarm, Syngenta, BASF, and Lonza. |
Aquatic Herbicides Market – By Types:
glyphosate
Aquatic Herbicides Market – By Mode of Application:
Aquatic Herbicides Market – By Mode of Action:
According to the application, the world market has been classified into agricultural waters, fisheries, and recreational waters.
Regional Analysis:
The Aquatic Herbicides market has been divided by geography into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The North American region dominated the market and is expected to grow at a moderate CAGR from 2021 to 2026. The presence of major aquatic herbicide manufacturers operating globally, and the increasing adoption of integrated weed management are driving the demand for aquatic herbicides in the region. Thus, aquatic herbicides are widely used in agricultural waters, canals, irrigation waters, recreational waters, and fisheries. They remove unwanted plants that could cause damage, fire hazards, or obstacles to work equipment. They also reduce the labor costs required to eliminate these weeds. This increased use of aquatic herbicides in agricultural and recreational waters is driving the growth of the aquatic herbicide market in North America.
In the Asia-Pacific region, Australia and New Zealand accounted for the largest portion of the market. The main herbicides used in this region for underwater weed control are glyphosate, 2, 4-D, and diquat. Glyphosate is the most effective herbicide used in New Zealand to control emerging weeds. Diquat is the oldest herbicide, used for more than 40 years in New Zealand to control submerged weeds because it does not harm native species that are not pests. Applicators' concerns about fish mortality, desirable damage to plants and the effect of herbicide application and the lengthy approval process due to the strict regulatory approval process are limiting the market growth.
Leading Company:
Monsanto had the largest share of the Aquatic Herbicides Market in terms of sales and revenue in 2020.
Key Players:
Some of the prominent players operating in the Global Aquatic Herbicides Market include UPL, Monsanto, Land O’lakes, SePRO Corporation, Nufarm, Syngenta, BASF, and Lonza.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Aquatic Herbicides Market, By Type
6.1.1 Glyphosate
6.1.2 2-4-D
6.1.3 Imazapyr
6.1.4 Market Size Estimations & Forecasts (2021-2026)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Aquatic Herbicides Market, By Application
6.2.1 Agricultural Waters
6.2.2 Fisheries
6.2.3 Recreational Waters
6.2.4 Market Size Estimations & Forecasts (2021-2026)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Aquatic Herbicides Market, By Mode of Action
6.3.1 Non-Selective
6.3.2 Selective
6.3.3 Market Size Estimations & Forecasts (2021-2026)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Aquatic Herbicides Market, By Mode of Application
6.4.1 Submerged
6.4.2 Foliar
6.4.3 Market Size Estimations & Forecasts (2021-2026)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021- 2026)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Type
7.2.3 By Application
7.2.4 By Mode of Action
7.2.5 By Mode of Application
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.3.4 By Mode of Action
7.3.5 By Mode of Application
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.4.4 By Mode of Action
7.4.5 By Mode of Application
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Type
7.5.3 By Application
7.5.4 By Mode of Action
7.5.5 By Mode of Application
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Type
7.6.3 By Application
7.6.4 By Mode of Action
7.6.5 By Mode of Application
8. Key Player Analysis
8.1 Monsanto
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 UPL
8.3 Land O’lakes
8.4 SePRO Corporation
8.5 Nufarm
8.6 Syngenta
8.7 BASF SE
8.8 Lonza
9. Market Outlook & Investment Opportunities
10. Appendix
List of Tables
List of Figures
