The aquatic herbicides market is estimated to grow at a CAGR of 3.23% to reach a market size of US$455.319 million in 2024 from US$376.160 million in 2018. Aquatic herbicides are fertilizers which are used in ponds and lakes to control the growth of weed, algae and pests in water. The aquatic herbicides are used in most of weed related problems to control vegetation without harming fishes; these are most effective and commonly used way to control the aquatic vegetation. The market of aquatic herbicides is expected to grow due to rise in the adoption of weed control. The low cost, less effect on the aquatic animals and growing adoption of integrated weed control management is expected to grow the market. Moreover, the expansion of aquaculture farms is anticipated to drive the market of aquatic herbicides. However, the effect of herbicides on damage of desired plant and fishes is hampering the growth of the market. The market is segmented into type, method and geography. On type basis, the glyphosate segment is expected to hold a significant share in the market owing its wide adoption as it is less expensive. Geographically, North America is projected to be a substantial shareholder due to the presence of major players and growing adoption of integrated weed management in countries like USA.
Adoption of integrated weed management
Strict government regulations
The major players profiled in the Aquatic Herbicides market are Land O’Lakes, Sepro Corporation, Albaugh LLC, UPL, DowDuPont, Sanco Industries, Valent BioSciences LLC , Lonza, Platform Speciality Products, and Syngenta.
The aquatic herbicides market been analyzed through the following segments:
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the aquatic herbicides market size by 2024?
A1. The aquatic herbicides market is estimated to reach a market size of US$455.319 million in 2024.
Q2. What are the growth prospects for aquatic herbicides market?
A2. The global aquatic herbicides market is estimated to grow at a CAGR of 3.23% during the forecast period.
Q3. What is the size of global aquatic herbicides market?
A3. Aquatic Herbicides market was valued at US$376.160 million for the year 2018.
Q4. Which region holds the largest market share in the aquatic herbicides market?
A4. Geographically, North America is projected to be a substantial share in the aquatic herbicides market due to the presence of major players and the growing adoption of integrated weed management in countries like the USA.
Q5. What factors are anticipated to drive the aquatic herbicides market growth?
A5. The market of aquatic herbicides is expected to grow due to the rise in the adoption of weed control.