The Rising Adoption of Weed Control is anticipated to drive the Demand For Aquatic Herbicides Market. The rising demand for aquatic herbicides owing to the growing adoption of weed control and its advantages over other conventional treatment methods such as mechanical and manual methods are expected to boost the demand for aquatic herbicides in various applications.
Aquatic herbicides are utilized when long-lasting weed control becomes obligatory at less negative effects on aquatic life. In addition, an increasing aquaculture farm and the growing inclination of organic farming among aquaculture farmers are positively impacting the aquatic herbicides market globally in the future.
“Global Aquatic Herbicides Market was Valued at US$ 530 Mn in 2018 And it is Expected to Reach More than US$ 920 Mn by 2027, Likely to Grow with the CAGR of 6.4 % During the Forecast Period”
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2,4-D segment is projected to be the fastest-growing segment in terms of volume in the aquatic herbicides market over the forecast period. The demand for the 2,4-D type of aquatic herbicides is increasing across the globe, especially in developing countries such as India, and Brazil. 2,4-D aquatic herbicides are the most preferred herbicides as it has a simple mode of action and easy application. 2,4-D functions by simulating the hormone, auxin, which leads to uncontrollable cell proliferation and plant growth. This ultimately leads to plant death. 2,4-D type of aquatic herbicides is one of the earliest registered aquatic herbicides in the US. It is primarily used for controlling weeds in food crops, non-crops, turf crops, and aquatic bodies. The 2,4-D segment is hence projected to be the fastest-growing in the aquatic herbicides market over the forecast period
The foliar segment accounted for a larger share, by application method in 2018, in the aquatic herbicides market, in terms of value. The foliar application takes less time and ensures better weed cover as compared to the submerged application. In recent years many herbicides are registered for foliar application, which is projected to drive the foliar segment in the aquatic herbicides market.
The North America held a significant market value share in the global aquatic herbicides market in 2018 and is expected to dominate the global aquatic herbicides market over the forecast period followed by Europe. This can be attributed to the presence of primary aquatic herbicides manufacturers operating on global and regional levels coupled with the rising adoption of integrated weed management by the aquaculture farmers.
The European region is expected to provide significant growth opportunities for the global aquatic herbicides market over the forecast period, owing to the growing adoption of aquatic herbicides in agricultural waters and recreational waters along with the stringent rules formulated by the government and other regulatory bodies. In addition, the climatic and environmental conditions in the two regions are favorable for the growth of herbs and weeds and thus, these regions extensively use require herbicides.
Some of the key players in the global Aquatic herbicides market are Albaugh, BASF SE, Land O’lakes, DOW Chemical, Lonza, Monsanto, Nufarm, Fluridone, Syngenta, Sanco Industries, UPL, Platform Specialty Products, SePRO Corporation, and Valent.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
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e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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