The global aquatic herbicides market revenue is expected to register a lucrative CAGR over the forecast period. Weeds degrade water quality which leads to economic loss to farmers, as well as degrade water quality thus expected to create demand for aquatic herbicides for weed control which is in turn expected to drive the growth of the global aquatic herbicides market over the forecast period. Various advantages of aquatic herbicides over other treatment methods is expected to propel the market growth. However, stringent government regulations for the approval of products is major factor expected to limit the growth of the market over the forecast period.
The global aquatic herbicides market report has been segmented on the type, method, application, and region.
Based on method, the global aquatic herbicides market is segmented based on agricultural waters, fisheries, recreational waters, and others (retention ponds, development waters, and flood control canals). The fisheries is one of the major segment in global aquatic herbicides market is expected to grow owing to the increasing consumption of seafood across the globe.
Based on type, the global aquatic herbicides market is segmented based on Glyphosate, 2,4-D, imazapyr, diquat, triclopyr, and others (fluridone, flumioxazin, and copper & chelated copper). The glyphosate segment is expected to contribute major revenue share of the market owing to its cost effectiveness.
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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America contributes major revenue share of the global aquatic herbicides market owing to presence of major manufactures in the region. Asia Pacific is expected to witness rapid growth rate over the forecast period. Countries like India, China, and Australia is expected to support the growth of market, owing to its cost effectiveness as compared to other treatment methods.
Some prominent players in the global aquatic herbicides market are The Dow Chemical Company, BASF SE, Monsanto Company, Syngenta AG, Nufarm, Lonza Ltd., UPL, Sepro Corporation, Valent U.S.A. Corp, and Albaugh LLC.