USD 9.9 billion
Report ID:
SQMIG15A2390 |
Region:
Global |
Published Date: December, 2024
Pages:
184
|Tables:
91
|Figures:
76
Aquatic Herbicides Market size was valued at USD 10.7 Billion in 2023 and is poised to grow from USD 11.64 Billion in 2024 to USD 21.87 Billion by 2032, growing at a CAGR of 8.8% during the forecast period (2025-2032).
In recent years, The global Aquatic Herbicides market has been important for many years in solving problems of invasive aquatic plants which may influence their ecosystems flow and biodiversity. A key driver is the increased awareness and knowledge about the negative impact of such invasive aquatic vegetation in addition to the increasing use of herbicides in controlling aquatic weeds. Finally, government initiatives towards conserving water bodies and sustaining aquatic ecosystems contribute significantly to the growth of the market.
Nevertheless, such problems exist in this market including the issue of using precise procedures so as not to hurt the non-targeted organisms or environmental concerns together with heavy regulations that the government imposes. Such emerging trends include innovations in herbicide formulation, focus on bio-based alternatives, aquatic weed management among others.
Global Market Size
USD 9.9 billion
Largest Segment
Glyphosate-based Herbicides
Fastest Growth
2,4-D-based Herbicides
Growth Rate
8.8% CAGR
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Global Aquatic Herbicides Market is segmented by Type, Mode of Action, Weed Type, Application Area and Region. Based on Type, the market is segmented into Glyphosate-based Herbicides, Imazapyr-based Herbicides, 2-D-based Herbicides, 4-D-based Herbicides, Diquat-based Herbicides. Based on Mode of Action, the market is segmented into Selective Herbicides, Non-Selective Herbicides. Based on Weed Type, the market is segmented into Foliar (Emersed and Free-Floating Weeds), Submersed Weeds. Based on Application Area, the market is segmented into Fisheries, water Bodies (Recreational Waters, Agricultural Waters), Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
The aquatics herbicides market is projected to be dominated by glyphosate-based herbicides. Their versatility in controlling a range of aquatic weeds is what gives them this domination. Its widespread use in agriculture as a multi-purpose herbicide; glyphosate dominates in aquatic weed management because of its versatility and relatively lower environmental impact when used in appropriate doses.
The use of selective broadleaf aquatic weed 2,4-D-based herbicides is expected to increase at a fast pace. The need of selective herbicide like 2,4-D is likely to accelerate as concern on non-target impacts intensifies, mainly in recreational waters and fisheries. This is one factor that influences use of 2,4-D in some water bodies because this chemical weed killer is able to affect broadleaf weeds without harming grasses or other useful species.
Analysis by Application
The aquatic herbicides market will be dominated by the agriculture application segment. Invasive aquatic weeds in agricultural water bodies have a huge influence on both yields and irrigation practices. The agriculture segment has maintained its dominance on account of the use of aquatic herbicides for management of these water weeds.
Recreational waters application segment is expected to emerge fast. The increasing need for conservation of the natural habitats around lakes, ponds, and reservoirs utilized for recreation drives the demand for aquatic herbicides that provide targeted weed control without compromising the ecological balance.
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Aquatic herbicides will possibly remain a dominant product in North America. These activities include the numerous agricultural activities taking place across this region, abundant water bodies available, and high demand for efficient management of weeds on waters for a better ecosystem. Water quality standards, as well as sustainability in agriculture are issues that further add the use of aquatic herbicides to North American markets.
Asia-Pacific is predicted to witness the highest growth rate on account of aquatic herbicides. Development that results from an increase in the production of foods in this region as well as the need to protect water resources which have become endangered due to invading marine lives within freshwater bodies. Countries such as China and India where there is an increase in agricultural development continue to require more aquatic herbicides needed to control weed growth in irrigation reservoirs.
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Drivers
Increasing Agricultural Activities Worldwide
Restraints
High Environmental Concerns Associated with Herbicide Usage
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The competitive environment of the Aquatic Herbicides market portrays a vibrant industry with entrenched players mixed with new entrants as the sector evolves to cater for the increasing demand for weeds’ control in aquatic areas. Some of the key companies have adopted strategic initiatives like product innovation, partnerships and acquisition so as to reinforce their market dominance. This is because well-established players can use their huge investment in research to come up with new formulations that are more effective and friendly to the environment. Others such as regional and local manufactures contribute a lot, providing for niche markets.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global aquatic herbicides market is characterized by a vibrant environment with some remarkable dynamics coupled with a few issues. This market is aided by the growing need for efficient weed management in water bodies, especially in farms and water bodies used for tourism. However, environmental issues and regulatory pressure mean that the industry must move toward more sustainable formulations.
There is a significant increase in use of selective herbicides such as 2,4-D. The reason why this is happening is that they have extensive operations in agriculture particularly in North America and the fastest growing market being Asia Pacific because of expansion of agriculture and environmental awareness. Eco-friendly formulations, integrative weed management and improvements in technology such as precision herbicide application are key trends.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 9.9 billion |
Market size value in 2031 | USD 20.1 billion |
Growth Rate | 8.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Aquatic Herbicides Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aquatic Herbicides Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aquatic Herbicides Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aquatic Herbicides Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15A2390
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