Global Aquatic Herbicides Market

Aquatic Herbicides Market Size, Share, Growth Analysis, By Type(Glyphosate-based Herbicides, Imazapyr-based Herbicides), By Mode of Action(Selective Herbicides, and Non-selective Herbicides), By Application Method(Foliar, Submerged) - Industry Forecast 2024-2031


Report ID: SQMIG15A2390 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 91 | Figures: 76

Aquatic Herbicides Market Insights

Global Aquatic Herbicides Market size was valued at USD 10.28 billion in 2022 and is poised to grow from USD 10.91 billion in 2023 to USD 17.52 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).

In recent years, The global Aquatic Herbicides market has been important for many years in solving problems of invasive aquatic plants which may influence their ecosystems flow and biodiversity. A key driver is the increased awareness and knowledge about the negative impact of such invasive aquatic vegetation in addition to the increasing use of herbicides in controlling aquatic weeds. Finally, government initiatives towards conserving water bodies and sustaining aquatic ecosystems contribute significantly to the growth of the market.

Nevertheless, such problems exist in this market including the issue of using precise procedures so as not to hurt the non-targeted organisms or environmental concerns together with heavy regulations that the government imposes. Such emerging trends include innovations in herbicide formulation, focus on bio-based alternatives, aquatic weed management among others.

Market snapshot - 2024-2031

Global Market Size

USD 10.28 billion

Largest Segment

Glyphosate-based Herbicides

Fastest Growth

2,4-D-based Herbicides

Growth Rate

6.1% CAGR

Global Aquatic Herbicidess Market ($ Bn)
Country Share for North America Region (%)
Global Aquatic Herbicidess Market By Type ($ Bn)
Global Aquatic Herbicidess Market By Type (%)

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Aquatic Herbicides Market Segmental Analysis

The global Aquatic Herbicides market is segmented into four major segments i.e. by Type, Mode of Action, Application Method, and region. Based on Type, it is divided into Glyphosate-based Herbicides, Imazapyr-based Herbicides, 2,4-D-based Herbicides, Diquat-based Herbicides, Others. Based on Mode of Action, it is bifurcated as Selective Herbicides, Non-selective Herbicides. Based on the Application Method it is segregated into, Foliar, Submerged. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.

Analysis by Type

The aquatics herbicides market is projected to be dominated by glyphosate-based herbicides. Their versatility in controlling a range of aquatic weeds is what gives them this domination. Its widespread use in agriculture as a multi-purpose herbicide; glyphosate dominates in aquatic weed management because of its versatility and relatively lower environmental impact when used in appropriate doses.

The use of selective broadleaf aquatic weed 2,4-D-based herbicides is expected to increase at a fast pace. The need of selective herbicide like 2,4-D is likely to accelerate as concern on non-target impacts intensifies, mainly in recreational waters and fisheries. This is one factor that influences use of 2,4-D in some water bodies because this chemical weed killer is able to affect broadleaf weeds without harming grasses or other useful species.

Analysis by Application

The aquatic herbicides market will be dominated by the agriculture application segment. Invasive aquatic weeds in agricultural water bodies have a huge influence on both yields and irrigation practices. The agriculture segment has maintained its dominance on account of the use of aquatic herbicides for management of these water weeds.

Recreational waters application segment is expected to emerge fast. The increasing need for conservation of the natural habitats around lakes, ponds, and reservoirs utilized for recreation drives the demand for aquatic herbicides that provide targeted weed control without compromising the ecological balance.

Global Aquatic Herbicidess Market By Type, 2022 (%)

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Aquatic Herbicides Market Regional Insights

Aquatic herbicides will possibly remain a dominant product in North America. These activities include the numerous agricultural activities taking place across this region, abundant water bodies available, and high demand for efficient management of weeds on waters for a better ecosystem. Water quality standards, as well as sustainability in agriculture are issues that further add the use of aquatic herbicides to North American markets.

Asia-Pacific is predicted to witness the highest growth rate on account of aquatic herbicides. Development that results from an increase in the production of foods in this region as well as the need to protect water resources which have become endangered due to invading marine lives within freshwater bodies. Countries such as China and India where there is an increase in agricultural development continue to require more aquatic herbicides needed to control weed growth in irrigation reservoirs.

Global Aquatic Herbicidess Market By Region, 2024-2031
  • Largest
  • Fastest

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Aquatic Herbicides Market Dynamics

Drivers

Increasing Agricultural Activities Worldwide

  • It is notable that growing agricultural activities globally also lead to the way where water bodies connected with irrigation systems experience difficulties caused by invasive aquatic weeds. Aquatic herbicides would be required in agriculture due to a need to guard against crop spoilage, efficiently maintain irrigation infrastructure as well as enhancing yields. Similarly, the increased awareness of environmental conservation, particularly in recreational waters, rivers and natural habitats, among others. Aquatic herbicides represent an effective approach of fighting invasive species while conserving biodiversity within lakes, ponds, and reservoirs.

Restraints

High Environmental Concerns Associated with Herbicide Usage

  • The use of herbicides in an aquatic environment has some negative impacts on the environment, which is one of the major market constraints. Ecological apprehensions include the negative impact on non-target species, water quality, and general ecosystem health. While striving for the control of weed, authorities are subjected to increased regulatory scrutiny in order to safeguard the environment. However, regarding application precision, too much or wrong application of herbicides could increase potential negative externalities and result in undesired effects.

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Aquatic Herbicides Market Competitive Landscape

The competitive environment of the Aquatic Herbicides market portrays a vibrant industry with entrenched players mixed with new entrants as the sector evolves to cater for the increasing demand for weeds’ control in aquatic areas. Some of the key companies have adopted strategic initiatives like product innovation, partnerships and acquisition so as to reinforce their market dominance. This is because well-established players can use their huge investment in research to come up with new formulations that are more effective and friendly to the environment. Others such as regional and local manufactures contribute a lot, providing for niche markets.

Top Player’s Company Profiles

  • Syngenta AG (Switzerland)
  • Bayer AG (Germany)
  • BASF SE (Germany)
  • Corteva Agriscience™ (US)
  • FMC Corporation (US)
  • Lonza Group Ltd. (Switzerland)
  • Sumitomo Chemical Co., Ltd. (Japan)
  • Nihon Bayer Agrochemicals Ltd. (Japan)
  • SePRO Corporation (US)
  • Solvay S.A. (Belgium)
  • ADAMA Agricultural Solutions Ltd. (Israel)
  • Alligare, LLC (US)
  • Helena Chemical Company (US)
  • Dow AgroSciences LLC (US)
  • Nufarm Ltd. (Australia)
  • Valent Biosciences LLC (US)
  • BASF Agricultural Solutions (US)
  • Isagro S.p.A. (Italy)
  • WaterWorks International, Inc. (US)
  • Aquamaster Corporation (US)

Recent Developments

  • June 2023: Dhanuka Agritech Ltd. Has delivered Implode and Mesotrax,  new selective herbicides, enriching its Herbicide portfolio. Implode, designed for maize vegetation, capabilities Topramezone 33.6% SC, efficiently targeting both narrow-leaf and wide-leaf weeds. By hindering weed nutrient absorption from the soil and getting rid of weeds from the base, Implode guarantees a healthful and colourful crop, leading to advanced yields. This strategic product release underscores Dhanuka Agritech's commitment to improving its herbicide services for agricultural programs. 
  • in May 2023, A strategic collaboration between FMC Corporation and agri-input company Syngenta was launched with the aim of commercializing novel herbicide technologies for rice crops in Asia. Tetflupyrolimet, a novel active component developed by FMC and Syngenta, can be used to control grass weeds in rice that is traditionally transplanted or direct seeded. 
  • In March 2023, the first grid-scale advanced nuclear reactor for an industrial site in North America will be demonstrated by X-Energy Reactor Company, LLC ("X-energy"), a leading developer of advanced nuclear reactors and fuel technology for clean energy generation, and Dow (NYSE: DOW), the world's leading materials science company.

Aquatic Herbicides Key Market Trends

  • Rising Emphasis on Sustainable and Eco-friendly Formulations: The increasing focus on green and ecological formulas. Due to a rising concern for the environment, there are demands for herbicides which efficiently target the vegetation in waterways without harming other plants or environments. The use of integrated weed management approaches, which includes biological weed control methods together with herbicides, is increasing in many places. Also, better herbicide sprays have now been developed which only hit weeds specifically avoiding the pollution of water. Another important development includes the use of other technological developments like remote sensing and precision application tools that helps enhance efficiency of controlling weeds on water bodies.

Aquatic Herbicides Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

The global aquatic herbicides market is characterized by a vibrant environment with some remarkable dynamics coupled with a few issues. This market is aided by the growing need for efficient weed management in water bodies, especially in farms and water bodies used for tourism. However, environmental issues and regulatory pressure mean that the industry must move toward more sustainable formulations.

There is a significant increase in use of selective herbicides such as 2,4-D. The reason why this is happening is that they have extensive operations in agriculture particularly in North America and the fastest growing market being Asia Pacific because of expansion of agriculture and environmental awareness. Eco-friendly formulations, integrative weed management and improvements in technology such as precision herbicide application are key trends.

Report Metric Details
Market size value in 2022 USD 10.28 billion
Market size value in 2031 USD 17.52 billion
Growth Rate 6.1%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Glyphosate-based Herbicides, Imazapyr-based Herbicides, 2, 4-D-based Herbicides, Diquat-based Herbicides, and Others
  • Mode of Action
    • Selective Herbicides, and Non-selective Herbicides
  • Application Method
    • Foliar, Submerged
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Syngenta AG (Switzerland)
  • Bayer AG (Germany)
  • BASF SE (Germany)
  • Corteva Agriscience™ (US)
  • FMC Corporation (US)
  • Lonza Group Ltd. (Switzerland)
  • Sumitomo Chemical Co., Ltd. (Japan)
  • Nihon Bayer Agrochemicals Ltd. (Japan)
  • SePRO Corporation (US)
  • Solvay S.A. (Belgium)
  • ADAMA Agricultural Solutions Ltd. (Israel)
  • Alligare, LLC (US)
  • Helena Chemical Company (US)
  • Dow AgroSciences LLC (US)
  • Nufarm Ltd. (Australia)
  • Valent Biosciences LLC (US)
  • BASF Agricultural Solutions (US)
  • Isagro S.p.A. (Italy)
  • WaterWorks International, Inc. (US)
  • Aquamaster Corporation (US)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Aquatic Herbicides Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Aquatic Herbicides Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Aquatic Herbicides Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aquatic Herbicides Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aquatic Herbicides Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Aquatic Herbicides Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Aquatic Herbicides Market size was valued at USD 10.28 billion in 2022 and is poised to grow from USD 10.91 billion in 2023 to USD 17.52 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).

The competitive environment of the Aquatic Herbicides market portrays a vibrant industry with entrenched players mixed with new entrants as the sector evolves to cater for the increasing demand for weeds’ control in aquatic areas. Some of the key companies have adopted strategic initiatives like product innovation, partnerships and acquisition so as to reinforce their market dominance. This is because well-established players can use their huge investment in research to come up with new formulations that are more effective and friendly to the environment. Others such as regional and local manufactures contribute a lot, providing for niche markets. 'Syngenta AG (Switzerland)', 'Bayer AG (Germany)', 'BASF SE (Germany)', 'Corteva Agriscience™ (US)', 'FMC Corporation (US)', 'Lonza Group Ltd. (Switzerland)', 'Sumitomo Chemical Co., Ltd. (Japan)', 'Nihon Bayer Agrochemicals Ltd. (Japan)', 'SePRO Corporation (US)', 'Solvay S.A. (Belgium)', 'ADAMA Agricultural Solutions Ltd. (Israel)', 'Alligare, LLC (US)', 'Helena Chemical Company (US)', 'Dow AgroSciences LLC (US)', 'Nufarm Ltd. (Australia)', 'Valent Biosciences LLC (US)', 'BASF Agricultural Solutions (US)', 'Isagro S.p.A. (Italy)', 'WaterWorks International, Inc. (US)', 'Aquamaster Corporation (US)'

It is notable that growing agricultural activities globally also lead to the way where water bodies connected with irrigation systems experience difficulties caused by invasive aquatic weeds. Aquatic herbicides would be required in agriculture due to a need to guard against crop spoilage, efficiently maintain irrigation infrastructure as well as enhancing yields. Similarly, the increased awareness of environmental conservation, particularly in recreational waters, rivers and natural habitats, among others. Aquatic herbicides represent an effective approach of fighting invasive species while conserving biodiversity within lakes, ponds, and reservoirs.

Rising Emphasis on Sustainable and Eco-friendly Formulations: The increasing focus on green and ecological formulas. Due to a rising concern for the environment, there are demands for herbicides which efficiently target the vegetation in waterways without harming other plants or environments. The use of integrated weed management approaches, which includes biological weed control methods together with herbicides, is increasing in many places. Also, better herbicide sprays have now been developed which only hit weeds specifically avoiding the pollution of water. Another important development includes the use of other technological developments like remote sensing and precision application tools that helps enhance efficiency of controlling weeds on water bodies.

Aquatic herbicides will possibly remain a dominant product in North America. These activities include the numerous agricultural activities taking place across this region, abundant water bodies available, and high demand for efficient management of weeds on waters for a better ecosystem. Water quality standards, as well as sustainability in agriculture are issues that further add the use of aquatic herbicides to North American markets.

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