A recent report published by Infinium Global Research on aquatic herbicides market provides an in-depth analysis of segments and sub-segments in the global as well as regional aquatic herbicides market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional aquatic herbicides market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global aquatic herbicides market. According to the report, the global aquatic herbicides market is projected to grow at a CAGR of 6.5% over the forecast period of 2019-2025.
The major players in the global aquatic herbicides market are Dupont De Nemours Inc., BASF SE Corporation, Lonza Group, Element Solutions Inc., Nufarm, Land O’Lakes, Inc., Monsanto Company, SePRo Corporation, Syngenta AG, and UPL Limited. In 2017, BASF SE Corporation signed the agreement to acquire significant parts of Bayer's seed and non-selective herbicide business.
The rising spread of aquatic weeds drives the growth of the aquatic herbicides market. Aquatic weeds affect the efficiency of water for fish production. Aquatic herbicides are used to control a wide variety of pond weeds. The increasing demand for animal protein sourced from fisheries and aquaculture propels the growth of the aquatic herbicides market. Aquatic herbicides play a significant role in aquatic weed control management. Ponds and lakes consist of a variety of native aquatic plants that contribute to the aquatic environment. The increasing uses of herbicides for improving the benefit of water contribute to the growth of the aquatic herbicides market. On the other side, the strict rules for approval of herbicides restrain the growth of the aquatic herbicides market. Moreover, the growing research and development of herbicides create new opportunities for the growth of the aquatic herbicides market.
Geographically, the global aquatic herbicides market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to hold a premium share in the global aquatic herbicides market. The presence of aquatic herbicides manufacturers in the North America region drives the growth of the aquatic herbicides market in North America. Asia-Pacific region is expected to grow with a significant growth rate. The rising preference for organic farming for pisciculture contributes to the growth of the aquatic herbicide market in the Asia-Pacific region. Europe is also expected to grow in the aquatic herbicides market. The increasing adoption of aquatic herbicides in recreational waters promotes the growth of the aquatic herbicides market.
The report on global aquatic herbicides market covers segments such as type, mode of action, application, and application method. On the basis of type, the sub-markets include glyphosate, 2, 4-D, imazapyr, and other types. On the basis of mode of action, the sub-markets include selective, and non-selective. On the basis of application, the sub-markets include agricultural waters, fisheries, recreational waters, and other applications. On the basis of application method, the sub-markets include foilar, and submerged.
The report provides profiles of the companies in the market such as Dupont De Nemours Inc., BASF SE Corporation, Lonza Group, Element Solutions Inc., Nufarm, Land O’Lakes, Inc., Monsanto Company, SePRo Corporation, Syngenta AG, and UPL Limited.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of aquatic herbicides market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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