North America Aquatic Herbicides Market, By 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), Market Trends and forecast to 2029.
Market Analysis and Insights
North America aquatic herbicides market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.2% in the forecast period of 2022 to 2029 and is expected to reach USD 480.72 million by 2029. The major factor driving the growth of the aquatic herbicides market is the advantages of using aquatic herbicides over other treatment methods, rising adoption of integrated weed management, and growth in fisheries and aquaculture farming.
Aquatic weeds reduce the effectiveness of water bodies for fish production. Aquatic weeds also cause a disturbance in irrigation channels and damage pumps and turbines in super thermal power stations. Aquatic herbicides are chemicals that are used in water to forestall aquatic weed growth as well as lake weeds, ponds, and pool weeds. Control of aquatic weeds with herbicides is usually easier, faster, and frequently cheaper than any other traditional/conventional methods. Most of the aquatic herbicides available in the market are low in mammalian toxicity and are economical. Herbicides used primarily to control algae may be called algaecides, even though they also kill other aquatic plants. For most aquatic weed problems, properly-used herbicides control vegetation without harming the fish. Aquatic herbicides are effective and commonly used means of controlling aquatic vegetation. The increasing adoption of weed control systems and solutions is expected to surge the demand for the aquatic herbicides market.
Aquatic herbicides are classified based on type into glyphosate, 2,4-D, imazapyr, diquat, Triclopyr, and others (fluoridone, flumioxazin, and copper & chelated copper). To reduce the intensity of the negative effects of weeds on the productivity of desired agricultural or forestry crops, fields may be sprayed with a herbicide that is toxic to the weeds, but not to the crop species. The commonly used herbicide 2, 4-D, for example, is toxic to many broad-leaved (that is, dicotyledonous) weeds, but not to wheat, maize or corn, barley, or rice, all of which are members of the grass family (Poaceae), and therefore monocotyledonous. Consequently, the pest plants are selectively eliminated, while maintaining the growth of the desired plant species
North America aquatic herbicides market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
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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 Year
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By 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, Mexico)
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Market Players Covered
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BASF SE, Nufarm, UPL, Helena Agri-Enterprises, LLC, BioSafe Systems, Bayer AG, FMC Corporation, Sanco Industries Inc., ALLIGARE America's VM Specialist, SePRO Corporation
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Market Definition
Herbicides used primarily to control algae may be called algaecides, even though they also kill other aquatic plants. For most aquatic weed problems, properly-used herbicides control vegetation without harming the fish. Aquatic herbicides are effective and commonly used means of controlling aquatic vegetation. The increasing adoption of weed control systems and solutions is expected to surge the demand for the aquatic herbicides market.
North America Aquatic Herbicides Market Dynamics
Drivers
- Advantages of using aquatic herbicides over other treatment methods
Many ponds and water bodies have severe waterweed infestations. Hand-pulling of the weeds or dredging the pond are possible methods of control. However, many times the infestation is so severe that these methods are impractical or uneconomical. With this, the application of aquatic herbicides requires only a short exposure time (approx. 6-24 hours), they are broad-spectrum, show very fast action (Usually less than 7 days), and are inexpensive. Therefore, here use of aquatic herbicides offers various advantages in controlling these infestations. Therefore, there is an increasing demand for aquatic herbicides in the North America market owing to certain factors and advantages they offer.
- Rising adoption of integrated weed management
Integrated weed management (IWM) approaches are gaining popularity as they have various benefits such as herbicides must be balanced against the risks imposed upon society, the environment, and the long-term sustainability of agricultural economies. IWM approaches incorporate multiple factors of prevention, avoidance, monitoring, and suppression of weeds. The practice of an integrated weed management system is essential if farming is to remain sustainable into the future. Moreover, herbicide resistance is causing poor weed control, yield losses, and reduced profits on many farms, therefore, farmers are reticent to implement integrated weed management (IWM) in their farming systems by application of different types of herbicides to control the growth of weeds and make them less resistant to only one type of herbicide. This has shown that IWM and the various techniques used as part of an IWM strategy are successful, which in turn will boost the demand for aquatic herbicides in the North America aquatic herbicides market.
- Growth in fisheries and aquaculture farming
In addition, the growth of aquatic weeds may have harmful effects on the aquatic population of fishes such as excessive population and dense growth of aquatic weeds such as over 25% of the surface area can cause depletion in the nighttime oxygen in the pond. This is because green plants produce oxygen in sunlight through the process of photosynthesis, but they consume oxygen at night due to translocation. Excessive population and dense growth of water weeds can provide too much cover in the water which may lead to the stunted small-sized fish population. Decaying water weeds can deplete the oxygen supply in the water to a very high extent that may suffocate fish to death. Some water weeds possess unpleasant taste that is capable of polluting the water certain species of algae give water bad tastes and odors that are offensive to the fish in the water. Moreover, densely populated water weeds increase the water turbidity and cause stress for fish as they spend more energy on locomotion. Therefore, the growing and fast-expanding fisheries and aquaculture farming business will boost the demand for aquatic herbicides, which in turn will help in the growth of the North America aquatic herbicides market.
Opportunities
- Focus on improvement of herbicides that might be safe for aquatic animals and human
Herbicides are often phytotoxic to non-target aquatic organisms such as algae and macrophytes, and these adverse effects on primary producers can cascade up the food web altering community structure. In many regions, people rely on these valuable resources such as ponds, lakes, and others for drinking water, irrigation, and recreation purposes. Therefore, their proper maintenance, as well as reduced toxicity of herbicides, becomes an important part of the safety of animals and humans.
Organizations and manufacturers working in the market should focus on improving the quality and composition of herbicides, which might be safe for aquatic animals and humans. This will create a beneficial possibility and provide a lucrative opportunity for the market to grow with the existing as well as the introduction of new players in the market.
Restraints/Challenges
- Toxicity factors associated with herbicides
Aquatic herbicides also have sub-lethal effects including reproduction, stress, olfaction, and behavior-related effects. These effects have been observed in fish exposed to herbicides at large concentrations. These herbicides have indirect effects on the fish. These effects are due to herbicide-induced changes in food webs or the physical environment. Indirect effects occur if direct effects occur first and would be mediated by the killing of plants by herbicides. Although this indirect effect occurs when plants are controlled by direct treatment of surface waters, indirect effects appear to be unlikely to result from the use of herbicides in terrestrial systems as runoff concentrations in surface waters are very less than those that could directly affect plants.
- Prolonged approval process due to the stringent regulations
Permission in the form of a permit is legally required before herbicide application depending on the type of water body, ownership, aquatic species present there, proximity and hydrologic connection to other water bodies, amount of herbicides to be used, and many other variables. Therefore, the presence and imposition of various regulations for the enforcement of proper use of herbicides and their approval act as a challenge in increasing the demand for aquatic herbicides, which in turn slows down the growth of the North America aquatic herbicides market.
COVID-19 had a Minimal Impact on North America Aquatic Herbicides Market
COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. However, significant impact was noticed on aquatic herbicides market. The operations and supply chain of aquatic herbicides, with multiple manufacturing facilities were still operating in the region. The service providers continued offering aquatic herbicides following sanitation and safety measures in the post-COVID scenario.
Recent Development
In June, 2021 BASF SE launched its herbicide Habitat Aqua herbicide, which was registered for use by Health Canada, to combat invasive weeds that threaten natural habitats across the Canadian region. This product has been approved for application in and around aquatic sites and provides effective control over tough-to-manage invasive species such as phragmites, cordgrasses, flowering rush, and knotweeds, which were problematic for the native ecosystem and caused significant damage to the surrounding area.
North America Aquatic Herbicides Market Scope
North America aquatic herbicides market is categorized based on type, mode of action, application method, application, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
- Glyphosate
- 2,4-D
- Diquat
- Triclopyr
- Imazapyr
- Others
Based on type, the North America aquatic herbicides market is classified into six segments namely Glyphosate, 2,4-D, Imazapyr, Diquat, Triclopyr, and Others.
Mode of Action
- Selective
- Non-Selective
Based on mode of action, the North America aquatic herbicide market is classified into two segments non-selective and selective.
Application Method
- Foliar
- Submerged
Based on application method, the North America aquatic herbicides market is segmented into foliar and submerged
Application
- Agricultural waters
- Fisheries
- Recreational waters
- Others (Retention Ponds, Development Waters, And Flood Control Canals)
Based on application, the North America aquatic herbicides market is segmented into agricultural waters, fisheries, recreational waters, and others.
Distribution Channel
- Direct
- Indirect
Based on distribution channel, the North America aquatic herbicides market is segmented into direct and indirect.
COVID-19 had a Minimal Impact on North America Aquatic Herbicides Market
COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. However, significant impact was noticed on aquatic herbicides market. The operations and supply chain of aquatic herbicides, with multiple manufacturing facilities were still operating in the region. The service providers continued offering aquatic herbicides following sanitation and safety measures in the post-COVID scenario.
North America Aquatic Herbicides Market Regional Analysis/Insights
North America aquatic herbicides market is further segmented on the basis of type, mode of action, application method, application, and distribution channel.
The countries covered in North America aquatic herbicides market are U.S, Canada and Mexico. U.S dominates North America the aquatic herbicides market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to rising demand of aquafarming in the region.
The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of global brands and their challenges faced due to high competition from local and domestic brands, and impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Aquatic Herbicides Market Share Analysis
North America aquatic herbicides market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the North America aquatic herbicides market.
Some of the prominent participants operating in the North America aquatic herbicides market are BASF SE, Nufarm, UPL, Helena Agri-Enterprises, LLC, BioSafe Systems, Bayer AG, FMC Corporation, Sanco Industries Inc., ALLIGARE America's VM Specialist, SePRO Corporation.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning grids, Market Time Line Analysis, Market Overview and Guide, Company Positioning grids, Company Market Share Analysis, Standards of Measurement, North America Vs Regional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
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