Advantages of Chemical Weed Control Over Other Methods Likely to Drive the Aquatic Herbicides Market

The advantages of using aquatic herbicides over other treatment methods such as manual and mechanical methods are also driving the market for aquatic herbicides.

(EMAILWIRE.COM, February 06, 2020 ) The global aquatic herbicides market is projected to reach USD 696.4 million by 2022, at a CAGR of 6.8% from 2017. The aquatic herbicides market, over the past few years, has been largely driven by the growing adoption of integrated weed control. It is used when long-lasting weed control is required at inexpensive costs and with less undesired side effects. The advantages of using aquatic herbicides over other treatment methods such as manual and mechanical methods are also driving the market growth.

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On the basis of type, the aquatic herbicides market is segmented into glyphosate, 2,4-D, imazapyr, diquat, triclopyr, and others (fluridone, flumioxazin, and copper & chelated copper). Glyphosate and 2,4-D segments are projected to grow at a high rate during the forecast period. This growth of glyphosate is attributed to its formulation as it is less expensive than the mechanical or manual removal of aquatic weeds; it also provides long-term control of weeds as compared to other biological and mechanical methods.

On the basis of application, agricultural waters and recreational waters segments are projected to be the fastest-growing in the aquatic herbicides market over the next five years. The agricultural waters segment is estimated to dominate the market; this growth can be attributed to developing regions such as the Asia Pacific that offer enormous opportunities due to the large agricultural sector in major countries such as India and China and the rising awareness about aquatic herbicides in the market. The agricultural waters and recreational waters segments are expected to register high CAGRs of 7.0% and 6.8%, respectively, during the forecast period.

In 2017, the glyphosate segment accounted for the largest share, by type, in the aquatic herbicides market, in terms of value and volume. Glyphosate is an important aquatic herbicide as the formulation of glyphosate is less expensive than the mechanical or manual removal of aquatic weeds; it also provides long-term control of weeds as compared to other biological and mechanical methods.

The North American region dominated the market for aquatic herbicides, owing to the rising adoption of integrated weed management in the region. Further, due to the increase in environmental concerns and emergence of residual issues, new herbicides with improved functionality and lower residue levels are developed with different modes of action, which drives the market for aquatic herbicides in this region.

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The leading players in the aquatic herbicides market are Dow Chemical (US), BASF (Germany), Monsanto (US), Syngenta (Switzerland), and Nufarm (Australia). Other significant players include Lonza (Switzerland), Land O'Lakes (US), UPL (India), Platform Specialty Products (US), SePRO Corporation (US), Albaugh (US), Valent (US), and SANCO INDUSTRIES (US).

Research Coverage:

The aquatic herbicides market is segmented on the basis of type, application method, application, mode of action, and key regions. On the basis of type, the aquatic herbicides market is segmented into glyphosate, 2,4-D, imazapyr, diquat, triclopyr, and others (fluridone, flumioxazin, and copper & chelated copper). The application method comprises foliar and submerged. The application is segmented into agricultural waters, fisheries, recreational waters, and others (retention ponds, development waters, and flood control canals). On the basis of mode of action, the market is segmented into selective and non-selective. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, South America, and the Rest of the World (RoW). The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, competitive landscape, company ranking analysis, recent developments, and key market strategies.

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