Aquaculture and fisheries are significant sources of animal protein in many nations for human consumption. This plays a vital role in fulfilling the nutrition and food requirements of a large population. Therefore, the fast-expanding and growing fisheries and aquaculture farming business will increase the demand for aquatic herbicides, which is anticipated to help grow the aquatic herbicides market globally in upcoming years.
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Data Bridge Market Research analyses a growth rate in the Global Aquatic Herbicides Market is expected to reach USD 1,651.29 million by 2029 from USD 1,094.40 million in 2022, growing with a substantial CAGR of 6.1% in the forecast period of 2022 to 2029. Increasing focus on improving herbicides that might be safe for aquatic animals will likely increase the growth of the global aquatic herbicides market.
The rising adoption of integrated weed management is expected to drive the market's growth rate
The benefits of using herbicides and other integrated weed management (IWM) strategies must be weighed against the risks they represent to society, the environment, and the long-term viability of agricultural economies. IWM strategies include a variety of weed suppression, monitoring, avoidance, and prevention measures. If farming is to continue to be sustainable in the future, an integrated weed management approach must be used. Furthermore, farmers are reluctant to implement integrated weed management (IWM) in their farming systems by applying various types of herbicides to control the growth of weeds and make them less resistant to just one type of herbicide because herbicide resistance is resulting in poor weed control, yield losses, and decreased profits on many farms. This demonstrated that IWM.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014- 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Glyphosate, 2, 4-D, Imazapyr, Diquat, Triclopyr, Others), Mode of Action (Non-Selective, Selective), Application Method (Foliar, Submerged), Application (Agricultural Waters, Fisheries, Recreational Waters, Others (Retention Ponds, Development Waters, And Flood Control Canals)), Distribution Channel (Direct, Indirect),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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BASF SE (Germany), Nufarm (Canada), UPL (India), Helena Agri-Enterprises, LLC 9U.S.), BioSafe Systems (U.S.), Bayer AG (Germany), FMC Corporation (U.S.), Sanco Industries Inc.(U.S.), ALLIGARE America's VM Specialist (U.S.), SePRO Corporation (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The aquatic herbicides market is segmented on the basis of type, mode of action, application method, application, and distribution channel.
- On the basis of type, the global aquatic herbicides market is segmented into glyphosate, 2, 4-D, imazapyr, diquat, triclopyr, others (fluoridone, flumioxazin, and copper & chelated copper).
The glyphosate segment of type segment is anticipated to dominate the aquatic herbicides market
Glyphosate segment is expected to dominate the global aquatic herbicides market with a 30.54% market share because this type of herbicides is the inhibition of the enzyme 5-enolpyruvylshikimate-3-phosphate synthase (EPSPS), which is important in plants for synthesis of amino acids.
- On the basis of mode of action, the global aquatic herbicides is segmented into non-selective, selective.
The selective segment of mode of action segment is anticipated to dominate the wearable conferencing technology market
Selective segment is expected to dominate the global aquatic herbicides market with a 63.61% market share because these herbicides are used when required long-lasting and less undesired side effects weed control at much cheaper costs.
- On the basis of application method, the global aquatic herbicides market is segmented into foliar and submerged. Foliar segment is expected to dominate the global aquatic herbicides market with a 54.34% market share because of increasing adoption of weed control in all the regions in current times.
- On the basis of application, the global aquatic herbicides market is segmented into agricultural waters, fisheries and recreational waters. Agricultural waters segment is expected to dominate the global aquatic herbicides market with a 36.24% market share because aquatic herbicides aids to lessen the density of weeds and encourage the growth of the desirable species.
- On the basis of distribution channel, the global aquatic herbicides market is segmented into direct and indirect. Direct segment is expected to dominate the global aquatic herbicides market with a 59.96% market share because of increasing demand for aquatic herbicides for different applications in recent times
Major Players
Data Bridge Market Research recognizes the following companies as the major aquatic herbicides market players in aquatic herbicides market BASF SE (Germany), Nufarm (Canada), UPL (India), Helena Agri-Enterprises, LLC 9U.S.), BioSafe Systems (U.S.), Bayer AG (Germany), FMC Corporation (U.S.).
Market Development
- In 2022, Nufarm signed an agreement with BP Products North America Inc. to acquire Nuseed Carinata oil that will be sold into growing markets for the manufacture of sustainable biofuels. This oil is a non-food cover crop mainly used to prepare low-carbon biofuel feedstock that is sustainable, scalable, and independently certified.
- In 2021, Invasive weeds threaten natural habitats across Canada, thus IBASF SE introduced the herbicide Habitat Aqua, which was approved for use by Health Canada. This substance has been given the go-ahead for usage in and around aquatic places and offers efficient control over difficult-to-manage invasive species like phragmites, cordgrasses, blooming rush, and knotweeds, which were detrimental to the local environment and seriously harmed the area.
- In 2021, UPL introduced its new revolutionary crop monitoring platform, CropVision. The UPL CropVision system uses highly accurate and the newest satellite data technology, allowing the UPL exclusive distributors, their farmers, and representatives to continuously monitor thousands of hectares from a single online platform.
Regional Analysis
Geographically, the countries covered in the aquatic herbicides market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in aquatic herbicides market during the forecast period 2022 to 2029
North America dominates the aquatic herbicides market because of increasing effectiveness of the herbicides on the weeds in this region. Furthermore, growing herbicides efficiency on both emergent and floating aquatic weeds will further enhance the market growth in this region.
Asia-Pacific is estimated to be the fastest-growing region in aquatic herbicides market the forecast period 2022 to 2029
Asia-Pacific is expected to grow from 2022 to 2029 because of this region's growing shift toward weed management systems. Additionally, rising demand for aquatic herbicides for different applications will further boost this region's market growth.
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