The aquatic herbicides market is concentrated, with leading companies driving the market growth. This report provides a qualitative analysis of the prominent market players and their preferred development strategies. Key players such as Dow Chemical (US), BASF (Germany), Monsanto (US), Syngenta (Switzerland), and Nufarm (Australia) have been profiled in the report.
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The various contributors involved in the value chain of aquatic herbicides include manufacturers, suppliers, distributors, intermediaries, and customers. The key players in the aquatic herbicides market include Dow Chemical (US), BASF (Germany), Monsanto (US), Syngenta (Switzerland), Nufarm (Australia), Lonza (Switzerland), Land O'Lakes (US), UPL (India), Platform Specialty Products (US), SePRO Corporation (US), Albaugh (US), Valent (US), and SANCO INDUSTRIES (US).
Key Target Audience
- Aquatic herbicide manufacturers and suppliers
- Technology providers to the aquatic herbicide manufacturers
- Regulatory bodies, including government agencies and NGOs
- Aquatic herbicide importers and exporters
- Aquatic herbicide traders, distributors, and suppliers
- Government organizations, research organizations, and consulting firms
- Trade associations and industry bodies
This report includes the estimation of the market size for value (USD million) and volume (metric tons).
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Both, top-down and bottom-up approaches have been used to estimate and validate the size of the aquatic herbicides market and to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research (FAO, Bloomberg Businessweek, Factiva, and companies’ annual reports), and their market shares have been determined through primary and secondary research.
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The glyphosate segment is projected to dominate the aquatic herbicides market through the forecast period. Glyphosate is an important segment of the aquatic herbicides market 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 when compared to other biological and mechanical methods.
2 Market Ranking of OEM Companies
3 Market Share Analysis
4 Competitive Scenario
5 Product Launches
6 Regulatory Approvals
8 Agreements, Collaborations, and Partnerships
The North American region dominated the aquatic herbicides market in 2016 and is projected to grow at a moderate CAGR from 2017 to 2022. The presence of leading aquatic herbicides manufacturers who operate on a global level and the rising adoption of integrated weed management drive the demand for aquatic herbicides in the region.
Thus, aquatic herbicides are extensively used in agricultural waters, canals, irrigation waters, recreational waters, and fisheries. They remove the undesirable plants that might cause damage, fire hazards, or pose impediments to work crews.
They also reduce the costs of labor required for removing these weeds. This increased use of aquatic herbicides in agricultural waters and recreational waters drives the growth of the aquatic herbicides market in North America.
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In the Asia Pacific region, Australia and New Zealand dominate the aquatic herbicides market. The major herbicides used in this region to control underwater weeds are glyphosate, 2,4-D, and diquat.
Glyphosate is the most effective weed killer used in New Zealand for controlling emergent weeds. Diquat is the oldest herbicide, which has been used for over 40 years in New Zealand for controlling submerged weeds as it does little harm to non-nuisance native species.
Concerns among applicators about fish kills, damage to desirable plants, and the effect of herbicide application and prolonged process of approval due to the stringent regulatory approval process restrain the aquatic herbicides market growth.
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