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Global Aquatic Herbicides Market Size By Product Type, By Application, By Mode of Action, By Geographic Scope And Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Aquatic Herbicides Market Size By Product Type, By Application, By Mode of Action, By Geographic Scope And Forecast

Aquatic Herbicides Market Size And Forecast

Aquatic Herbicides Market size was valued at USD 1.4 Billion in 2023 and is projected to reach USD 1.86 Billion by 2030, growing at a CAGR of 1.6% during the forecast period 2024-2030.

Global Aquatic Herbicides Market Drivers

The market drivers for the Aquatic Herbicides Market can be influenced by various factors. These may include

  • Growing Aquatic Weed Infestation One of the main factors driving the need for aquatic herbicides is the rise in the number of aquatic weed species in water bodies including lakes, ponds, and rivers. Remedial efforts against these invasive species are necessary because they can have detrimental effects on biodiversity, water quality, and recreational activities.
  • Growing Agribusiness In agricultural water bodies like rice fields and irrigation canals, aquatic herbicides are heavily used to control weeds. In order to maintain ideal crop output and water resource management, the need for aquatic herbicides has expanded along with the growth of agricultural operations worldwide.
  • Urbanisation and Industrialization These two processes frequently cause natural ecosystems to be disturbed, which gives rise to an increase in aquatic weeds. Aquatic herbicides are being used more often by municipalities and businesses to manage and stop the development of these invasive plants in water bodies close to urban and industrial regions.
  • Government laws and Environmental Concerns The adoption of safe and authorised aquatic herbicides is influenced by strict laws pertaining to environmental protection and water quality. The conservation of aquatic ecosystems depends on the use of herbicides that adhere to regulations, since governments place a greater emphasis on sustainable water management techniques.
  • The latest developments in herbicide formulations are the result of continuous research and development, resulting in the introduction of more environmentally friendly, targeted, and effective formulations. The constant development of novel aquatic herbicides with enhanced efficacy and less ecological impact drives the industry.
  • Growing Knowledge Among End Users The market is being driven by an increasing knowledge among farmers, landowners, and managers of water resources regarding the significance of aquatic weed control for the health of ecosystems and the sustainability of water resources. The use of aquatic herbicides for weed control has grown as a result of outreach and education campaigns.
  • Impact of Climate Change Certain aquatic weed species may proliferate as a result of modifications to climate patterns. The need for aquatic herbicides to lessen the effects of shifting climatic conditions on aquatic ecosystems is projected to rise as climate change causes changes in water temperatures and nitrogen levels.
  • Growth of the Aquaculture Sector To achieve maximum productivity, the aquaculture sector—which includes prawns and fish farming—needs to preserve water quality. The market for aquatic herbicides is expanding because these pesticides are essential in eradicating undesirable plants that could interfere with aquaculture operations.

Global Aquatic Herbicides Market Restraints

Several factors can act as restraints or challenges for the Aquatic Herbicides Market. These may include

  • Growing worry about the environmental effects of herbicides on aquatic ecosystems is one of the main factors limiting the growth of the Aquatic Herbicides Market. Certain herbicides can have unforeseen effects that affect non-target species, disturb natural habitats, contaminate water supplies, and cause problems for the environment and public health.
  • Tight Regulatory Framework Government rules can influence consumer demand for authorised herbicides, but they can also limit the market. Tight laws governing the registration, use, and disposal of aquatic herbicides can restrict the availability and use of specific products, making it difficult for producers to launch novel remedies.
  • Resistance in Target Species Common herbicides can cause some aquatic weed species to become resistant over time. This puts a strain on the efficacy of currently available herbicides, necessitating ongoing research and development to produce novel formulations or substitutes for conventional means of controlling weed populations that are resistant.
  • Exorbitant Cost of Research and Development Significant funding must be allocated to research and development in order to create novel, environmentally friendly herbicide formulations. The substantial expenses linked to finding and introducing novel products to the market may serve as a deterrent for producers and buyers alike.
  • Public Perception and Opposition The public may be opposed to the use of aquatic herbicides due to worries about possible health risks and awareness of the use of chemicals in water bodies. Decision-makers may be influenced to restrict or outlaw the use of specific herbicides due to unfavourable public perception and the emergence of environmental activism, which could hinder market expansion.
  • Limited Effectiveness in Certain Conditions Depending on the pH, temperature, and nutrient concentration of the water, aquatic herbicides may or may not be effective. The fact that different herbicides work better or worse in different places or at different seasons can be a limitation.
  • Impact on Non-Target Species One issue with herbicide use is the possible harm they could do to non-target aquatic creatures, such as fish, amphibians, and beneficial plants. Unintentional harm to non-target species can result in ecological imbalances and adverse effects on the general well-being of aquatic ecosystems.
  • Other Weed Control Techniques The availability and marketing of non-chemical alternatives, such as mechanical weed removal, biological control agents, and sustainable management techniques, can impede the market expansion for aquatic herbicides. To lessen their influence on the environment, certain end users might favour these options.

Global Aquatic Herbicides Market Segmentation Analysis

The Global Aquatic Herbicides Market is Segmented on the basis of Product Type, Application, Mode of Action, and Geography.

Aquatic Herbicides Market, By Product Type

  • Glyphosate-based Herbicides Herbicides containing glyphosate as the active ingredient, known for their broad-spectrum weed control.
  • 2,4-D-based Herbicides Products incorporating 2,4-Dichlorophenoxyacetic acid, effective against certain broadleaf aquatic weeds.
  • Imazapyr-based Herbicides Herbicides containing imazapyr, known for their selective control of certain grass and broadleaf aquatic weeds.

Aquatic Herbicides Market, By Application

  • Agricultural Water Bodies Herbicides applied in agricultural settings, including rice paddies, irrigation canals, and other water bodies associated with farming.
  • Aquaculture Herbicides used in aquaculture operations to control unwanted vegetation in fish ponds and shrimp farms.
  • Recreational Water Bodies Herbicides applied in lakes, ponds, and reservoirs used for recreational purposes, such as swimming and boating.

Aquatic Herbicides Market, By Mode of Action

  • Contact Herbicides Herbicides that act upon direct contact with the plant tissue, causing rapid desiccation and death.
  • Systemic Herbicides Herbicides that are absorbed by the plant and translocated within, providing a more comprehensive and prolonged control.
  • Selective Herbicides Products designed to target specific types of weeds while sparing non-target vegetation.

Aquatic Herbicides Market, By Geography

  • North AmericaMarket conditions and demand in the United States, Canada, and Mexico.
  • EuropeAnalysis of the Aquatic Herbicides Market in European countries.
  • Asia-PacificFocusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and AfricaExamining market dynamics in the Middle East and African regions.
  • Latin AmericaCovering market trends and developments in countries across Latin America.

Key Players

The major players in the Aquatic Herbicides Market are

  • BASF SE
  • Bayer AG
  • Corteva Agriscience
  • DowDuPont
  • Syngenta AG
  • Solvay SA
  • Lonza Group Ltd.
  • Nufarm Ltd.
  • ADAMA Agricultural Solutions Ltd.
  • Jiangsu Wellsun Chemical Co., Ltd.
  • Jiangsu Huayang Biochemical Co., Ltd.

Report Scope

Report AttributesDetails
Study Period

2020-2030

Base Year

2023

Forecast Period

2024-2030

Historical Period

2020-2022

Unit

Value (USD Billion)

Key Companies Profiled

BASF SE, Bayer AG, Corteva Agriscience, DowDuPont, Syngenta AG, Solvay SA, Lonza Group Ltd., Nufarm Ltd.

Segments Covered

By Product Type, By Application, By Mode of Action, and By Geography.

Customization scope

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

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