Global Aquatic Herbicides Market Size, Share, Trends, COVID-19 Impact and Growth Forecast – Segmented By Type (Glyphosate, 2-4-D, Imazapyr, and Others), Mode of Application (Foliar and Submerged), Mode of Action (Selective and Non-Selective), Application (Agricultural Waters, Fisheries, and Recreational Waters), Mode of Action (selective and Non selective), Application Area (Agriculture Water, Fishers, Recreational Waters and Others) and Region (North America, Europe, Aisa-Pacific, Latin America, Middle East And Africa) – Industry Analysis From 2024 to 2032

Updated On: June, 2024
ID: 11092
Pages: 175

Global Aquatic Herbicides Market Size (2024 to 2032)

The global aquatic herbicides market was valued at USD 700 million in 2023 and is anticipated to reach USD 763.7 million in 2024 from USD 1532.92 million by 2032, growing at a CAGR of 9.1 % from 2024 to 2032.

Market Drivers

The rise in the usage of aquatic herbicides over treatment methods is driving the aquatic herbicides market during the forecast period. Many ponds and water bodies are being infested by several water weeds. Some of the possible methods of control are to hand-pull the weeds or dredge the ponds. Sometimes, these methods become impractical or difficult to use and uneconomical when there is severe infestation. One of the best methods to overcome such situations and have a practical application is the use of aquatic herbicides. It requires only a short time to control the weeds, usually hours. These are generally broad-spectrum, show fast action, and are economical. The various advantages associated with the use of aquatic herbicides in the control of waterweeds make them more attractive to users. Therefore, there is a rise in the demand for aquatic herbicides, which is boosting market sales and growth.

An increase in the adoption of integrated weed management is propelling the aquatic herbicides market primarily during the forecasting time. There is a rise in the popularity of integrated weed management approaches owing to the various benefits, such as balanced against the risks imposed upon society, the environment, and the sustainability of the agricultural economies for the long term. The multiple factors of prevention, avoidance, monitoring, and suppression of the weeds are the various approaches included in integrated weed management. It also helps in the sustainable farming for the future. Integration of integrated weed management in farming systems helps to overcome herbicide resistance, which causes poor weed control, yield losses, and reduced profits. IWM includes the use of different types of herbicides to control the growth of the weeds and make them less resistant to the herbicide. The various techniques, as a part of the IWM strategy, are successful in controlling the suborn weeds and, in turn, boost the demand for aquatic herbicides in the market across the globe.

Market Restraints

One of the major constraints for the aquatic herbicides market is the toxicity factor associated with the herbicides. This toxic factor may show an effect on the reproductive system, stress, and cause behavioral changes, and sometimes these effects can be sub-lethal also. Such effects are seen in the fishes exposed to herbicides of a larger concentration. Effects can be indirect on the fish and may be caused by the herbicide-induced changes in the fish's food web. The indirect effect can be observed when the plants are controlled with the surface water treatment. The prolonged process and strict regulations for the approval of the herbicide application to the waterbody are also acting as a restraint to the growth of the market. The approval depends on the type of water body, its ownership, the species present in the water, and the presence of the other water bodies near its proximity. The demand for aquatic herbicides can slow down with the stringent rules and regulations.

Impact Of COVID-19 On The Aquatic Herbicides Market

The 2020-21 COVID-19 pandemic period has had a significant impact on the manufacturing industries. Yet a significant impact is seen on the aquatic herbicides market. The pandemic caused the closure of the operational areas, disruption in the supply chain, and restrictions on transportation. Supply and demand have seen a greater change in the values as the requirement of the herbicide is present despite the pandemic, but the market can’t meet the demand requirement with the limited operational working space due to the restriction over the safety of the workers in the working space. Only a few manufacturing units are allowed to work with the limited working people to avoid the complete shutdown of the unit and meet the requirements of the product in the market. Many sanitation and precautionary methods are taken into account by the service providers to offer aquatic herbicides during the pandemic. As the situation became normal in the post-pandemic period, the market regained its normal position, and manufacturing units started operating at their full potential.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2032

Base Year

2023

Forecast Period

2024 to 2032

CAGR

9.1%

Segments Covered

By Type, Mode Of Application, Mode Of Action, Application Area And Region.

 

Various Analyses Covered

Global, Regional, and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Aquacide Company; SePRO Corporation; Sanco Industries Inc; Valent BioSciences LLC; Albaugh LLC; Monsanto Company; The Dow Chemical Company; BASF SE; UPL India LTD; Lonza Group Ltd; Land O’Lakes Inc; Syngenta Industries Inc; Nufarm Ltd; Platform Specialty products; Sanco Industries Ltd; Alligare LLC; Bio Safe Systems LLC.

 

SEGMENTAL ANALYSIS

Global Aquatic Herbicides Market By Type

The glyphosate segment is leading with the largest market share. The affordable price and diverse applications are the major contributing factors to the growth of glyphosate in the market. Glyphosate is a non-selective herbicide that targets all plant species, making it an adaptable choice for weed management in aquatic ecosystems. It can be extensively used in other terrestrial ecosystems such as forests, urban areas, and agriculture fields to protect from weeds, and all these contribute to the strong demand for the product in the market.

Global Aquatic Herbicides Market By Mode of Application

Foliar mode of application will have a significant share in the aquatic herbicides market during the forecast period. The foliar application includes the direct spraying of herbicides on vegetation. In the aquatic ecosystem, herbicides can effectively manage the surface vegetation by spraying on the foliar parts of the target plants. It may not be effective in conditions where there is a targeted control of plant species or in situations where submerged vegetation is present.

Submerged application can be effective in such situations, making it a mandatory requirement method of application. Such factors make the submerged mode of application an important part of the growth of the aquatic herbicides market.

Global Aquatic Herbicides Market By Mode of Action

A notable market demand is made by the selective mode of action in the aquatic herbicides market. The main characteristic of the selective mode of action is that it targets only a specific plant species to control. The least amount of damage can be seen on the non-targeted plant/ weed species, making it an effective herbicide for eradicating specific weeds.

Global Aquatic Herbicides Market By Application

A significant portion of the aquatic herbicides market is made up of aquatic waters. There is a rise in the necessity for the effective control of the weeds in the agricultural fields and high demand for food. The paddy fields and irrigation canals are the major areas where aquatic herbicides are frequently used to manage the weeds in that ecosystem. As a result, the demand for aquatic herbicides has grown to a greater extent in agriculture, and the growing popularity of sustainable agriculture practices is propelling the market value.

REGIONAL ANALYSIS

North America is expected to dominate the aquatic herbicides market during the forecast period. The U.S. is the dominant nation in the North American region, owing to the increase in the effectiveness of herbicides over weeds in this region.

Asia-Pacific region is also anticipated to have a large market share in the coming years. China dominates the market due to the growing requirement for aquatic herbicides for various purposes in recent times.

The Middle East and African regions have a growing demand for the aquatic herbicides market. There is an increase in the growth of the fisheries and aquatic farming in this region. The United Arab Emirates dominates the market in this region.

KEY MARKET PLAYERS

Aquacide Company; SePRO Corporation; Sanco Industries Inc; Valent BioSciences LLC; Albaugh LLC; Monsanto Company; The Dow Chemical Company; BASF SE; UPL India LTD; Lonza Group Ltd; Land O’Lakes Inc; Syngenta Industries Inc; Nufarm Ltd; Platform Specialty products; Sanco Industries Ltd; Alligare LLC; Bio Safe Systems LLC. Some of the major key players are involved in the global aquatic herbicides market.

RECENT HAPPENINGS IN THE GLOBAL MARKET

  • In 2023, UPL Ltd, a global provider of sustainable agricultural solutions, announced the state registration of TOP DECK herbicide for California for effective control of aquatic vegetation, terrestrial non-crop areas, and industrial sites.
  • In 2021, To combat the invasive weeds in the Canadian region, a newly launched herbicide, Habitat Aqua herbicide by BASF Canada Agricultural Solutions, was registered for use by Health Canada. It helps to manage tough-to-manage weed species such as phragmites, cordgrasses, and knotweeds, which have become problematic to the native ecosystem and have caused notable damage to the surrounding areas.

DETAILED SEGMENTATION OF THE GLOBAL AQUATIC HERBICIDES MARKET INCLUDED IN THIS REPORT

This market research report on the global aquatic herbicides market is segmented and sub-segmented into the following categories.

By Type

  • Glyphosate
  • 2,4-D
  • Imazapyr
  • Triclopyr
  • Diquat
  • Others

By Mode of Application

  • Foliar
  • Submerged

By Mode of Action

  • Selective
  • Non-Selective

By Application

  • Agricultural Waters
  • Fisheries
  • Recreational Waters
  • Others (Retention Ponds, Development Water, and Flood Control Canals)

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

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Frequently Asked Questions

How does the aquatic herbicides market differ in North America compared to other regions?

North America dominates the aquatic herbicides market due to stringent regulations on invasive aquatic species and extensive adoption of herbicides for aquatic weed control in industries like agriculture and aquaculture.

What are the key trends driving the aquatic herbicides market in Europe?

In Europe, the increasing focus on sustainable agriculture and environmentally friendly weed control methods is driving the demand for bio-based aquatic herbicides and integrated weed management systems.

How is the aquatic herbicides market evolving in the Asia Pacific region?

The Asia Pacific market for aquatic herbicides is witnessing significant growth due to the expansion of aquaculture activities, especially in countries like China and India, where there's a high demand for herbicides to manage weed growth in fish ponds and rice fields.

How does the market landscape for aquatic herbicides vary in Africa?

In Africa, the aquatic herbicides market is relatively nascent but growing steadily due to the expansion of agricultural activities, urbanization leading to increased pollution in water bodies, and the need for effective weed control solutions in industries like fisheries and hydropower.

What are the unique challenges and opportunities for the aquatic herbicides market in the Middle East?

In the Middle East, limited freshwater resources and the presence of invasive aquatic plants pose significant challenges for water management. However, the market for aquatic herbicides is growing as governments and industries invest in solutions to preserve water quality and ensure efficient water use.

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