Aquatic Herbicides Market Size, Share, Growth Analysis, By Type(Glyphosate-based Herbicides, Imazapyr-based Herbicides, 2, 4-D-based Herbicides), By Mode of Action(Selective Herbicides, and Non-selective Herbicides), By Application Method(Foliar, Submerged), By Region - Industry Forecast 2024-2031

Aquatic Herbicides Market size was valued at USD 10.28 billion in 2022 and is poised to grow from USD 10.91 billion in 2023 to USD 17.52 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).

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. 'Syngenta AG (Switzerland)', 'Bayer AG (Germany)', 'BASF SE (Germany)', 'Corteva Agriscience™ (US)', 'FMC Corporation (US)', 'Lonza Group Ltd. (Switzerland)', 'Sumitomo Chemical Co., Ltd. (Japan)', 'Nihon Bayer Agrochemicals Ltd. (Japan)', 'SePRO Corporation (US)', 'Solvay S.A. (Belgium)', 'ADAMA Agricultural Solutions Ltd. (Israel)', 'Alligare, LLC (US)', 'Helena Chemical Company (US)', 'Dow AgroSciences LLC (US)', 'Nufarm Ltd. (Australia)', 'Valent Biosciences LLC (US)', 'BASF Agricultural Solutions (US)', 'Isagro S.p.A. (Italy)', 'WaterWorks International, Inc. (US)', 'Aquamaster Corporation (US)'

It is notable that growing agricultural activities globally also lead to the way where water bodies connected with irrigation systems experience difficulties caused by invasive aquatic weeds. Aquatic herbicides would be required in agriculture due to a need to guard against crop spoilage, efficiently maintain irrigation infrastructure as well as enhancing yields. Similarly, the increased awareness of environmental conservation, particularly in recreational waters, rivers and natural habitats, among others. Aquatic herbicides represent an effective approach of fighting invasive species while conserving biodiversity within lakes, ponds, and reservoirs.

Rising Emphasis on Sustainable and Eco-friendly Formulations: The increasing focus on green and ecological formulas. Due to a rising concern for the environment, there are demands for herbicides which efficiently target the vegetation in waterways without harming other plants or environments. The use of integrated weed management approaches, which includes biological weed control methods together with herbicides, is increasing in many places. Also, better herbicide sprays have now been developed which only hit weeds specifically avoiding the pollution of water. Another important development includes the use of other technological developments like remote sensing and precision application tools that helps enhance efficiency of controlling weeds on water bodies.

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.