Aquatic Herbicides Market - 2023-2030

Aquatic Herbicides Market - 2023-2030

Global Aquatic Herbicides Market reached US$ 3.8 billion in 2022 and is expected to reach US$ 5.78 million by 2030, growing with a CAGR of 5.4% during the forecast period 2023-2030.

The need for effective management of water bodies, like lakes, ponds, reservoirs, and rivers, is driving the demand for aquatic herbicides. Invasive aquatic plants can disrupt ecosystems, hinder water flow, and impact water quality. Herbicides are used to control and manage these invasive species. In July 2021, BASF Canada launches Habitat Aqua herbicide, delivering an effective solution for invasive weed control.

Research is done by the UN Environment Assembly for more than 75,000 bodies of water in 89 countries. The researchers found that more than 40 %were severely polluted. Hence, there is a growing demand for water management. With the growing need for water management in various sectors like agriculture, aquaculture, and public utilities, the demand for aquatic herbicides for controlling invasive aquatic plants is anticipated to rise. These pesticides assist in keeping water bodies healthy and limit weed development that can obstruct water use and flow.

The aquaculture industry's growth is contributing to the demand for aquatic herbicides. Aquaculture operations often require the maintenance of water quality and the prevention of weed and algae growth to ensure healthy fish and other aquatic organisms. Herbicides were used as a part of integrated pest management strategies.

Dynamics

Increasing Fishery, and Other Aquacultural Activities

The growth of fishery and other aquacultural activities can drive the growth of the aquatic herbicides market. According to FAO, world aquaculture production of animal species increased by 2.7 percent in 2020 in comparison to 2019. In aquaculture operations, such as fish farms and shrimp ponds, maintaining water quality and preventing weed and algae overgrowth are essential for the health and growth of aquatic organisms. Aquatic herbicides are used to control unwanted aquatic vegetation that competes with fish or shrimp for nutrients and can hinder their growth.

Aquaculture ponds and fishery environments often require proper water flow to maintain optimal conditions. Excessive aquatic weed growth can impede water flow, leading to stagnant water and poor water quality. Herbicides help to control weed growth and prevent blockages, ensuring adequate water circulation.

Aquaculture operations aim to optimize the production and yield of aquatic organisms. Uncontrolled weed growth can negatively impact the available resources and limit production. The use of aquatic herbicides helps maintain the balance between aquatic plants and cultivated species, leading to higher yields.

Advantages of Using Aquatic Herbicides Over Other Treatment Methods

According to Soil and Water Conservation, Johnston County, North Carolina, in the united states Invasive weed damage and management costs exceed $30 billion each year. Aquatic herbicides are often highly effective at managing and controlling invasive plant species in aquatic ecosystems. plant. They can provide rapid and consistent control, helping to manage weed growth and prevent unwanted overgrowth that can disrupt ecosystems and water use.

Aquatic herbicides are well-suited for treating large areas, such as lakes, reservoirs, and irrigation canals, where manual or mechanical methods might be impractical or too time-consuming. Herbicides can cover extensive water bodies efficiently, making them a practical choice for widespread weed management.

Concerns about Fish Kill, and Damage to Desirable Plants

Improper application or overuse of aquatic herbicides can result in unintended harm to non-target aquatic organisms, including fish and other aquatic animals. According to the Maryland Department of the Environment, in 2022 approximately 391,516 fish mortalities were confirmed. An additional 227 invertebrates, amphibians, and other aquatic animals also died totaling 392,073 organisms for the year.

Aquatic plants are an essential part of the aquatic ecosystem as they offer habitat, food, and shelter for a variety of species. Excessive or improper use of Herbicide can eliminate beneficial plants, harming the ecosystem and possibly endangering biodiversity.

Segment Analysisn

The global aquatic herbicides market is segmented based on type, distribution channel, mode of application, application method, application and region.

Rising Demand For Glyphosate to Control a Variety of Aquatic Weeds and Plants

According to EcoWatch, in the United States, 51% of the rivers and 55% of the lakes are polluted and are considered unhealthy for swimming, fishing, or aquatic life. Glyphosate offers successful control to a variety of weeds and plants, helping in the formation of a suitable environment for aquaculture activities.

In aquatic environments, where a wide range of plant species are present, glyphosate targets many kinds of aquatic vegetation which has led to its popularity. Glyphosate is quite easy to use and can be applied in various ways, like foliar spraying and submersed injection. It is appropriate for various aquatic environments, like lakes, ponds, and reservoirs due to its adaptability.

Source: DataM Intelligence Analysis (2023)

Geographical Penetration

Asia-Pacific’s Growing Agricultural and Aquacultural Industries

The Asia Pacific region has extensive agricultural and aquacultural industries. In July 2022, the Chinese government launched the first vessel in a vast fleet of floating aquaculture farms with a projected revenue of CNY 35 billion (€4.9 billion/$5.5 billion) by 2035. These types of aquaculture activities often require effective weed management in water bodies such as fish ponds, and irrigation canals.

Aquatic herbicides play a crucial role in controlling unwanted vegetation and promoting efficient agricultural and aquacultural practices. Effective water resource management is vital in the Asia Pacific region due to its population density and varying water availability. Aquatic herbicides can be used to control invasive aquatic species, maintain water flow, and prevent water bodies from becoming choked with weeds.

Source: DataM Intelligence Analysis (2023)

Competitive Landscape

The major global players include BASF SE, Syngenta, Nufarm, SePRO Corporation, Alligare, UPL, Albaugh LLC, Sanco Industries Inc., Helena Agri-Enterprises, LLC and FMC Corporation

COVID-19 Impact Analysis



COVID Impact

Restrictions on movement, lockdowns, and reduced workforce availability in various regions have disrupted the supply chain for raw materials, manufacturing, and distribution of aquatic herbicides. This has led to delays in production and distribution. The pandemic's economic impact, including reduced commercial and recreational activities, led to decreased demand for aquatic herbicides in certain sectors, such as recreational water bodies and tourism-dependent areas.

By Type
• Glyphosate
• 2,4-D
• Diquat
• Triclopyr
• Imazapyr
• Others

By Distribution Channel
• E-Commerce
• Supermarket/Hypermarket
• Specialty Stores
• Others

Mode of Application
• Selective
• Non-Selective

By Application Method
• Foliar
• Submerged

By Application
• Agricultural Waters
• Fisheries
• Recreational Waters
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• On July 6, 2021, BASF Canada launches Habitat Aqua herbicide, delivering an effective solution for invasive weed control.
• In May 2021, The Tennessee Valley Authority (TVA) announced that it is getting ready to kick off its seasonal aquatic plant, engagement program.
• In July 2022, The Ohio Department of Natural Resources (ODNR) combated the unprecedented aquatic vegetation growth at Indian Lake. In collaboration with AquaDoc, ODNR began a trial application of ProcellaCOR EC, a selective systemic herbicide.

Why Purchase the Report?
• To visualize the global aquatic herbicides market segmentation based on type, distribution channel, mode of application, application method, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of aquatic herbicides market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The aquatic herbicides market report would provide approximately 77 tables, 80 figures and 181 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies