Aquatic weeds diminish the efficacy of water bodies for fish production. The increasing spread of aquatic weeds is one of the key factors fueling the demand for aquatic herbicides, says Fortune Business Insights in a report, titled “Aquatic Herbicides Market Size, Share and Global Trend By Type (2, 4-D, Glyphosate, Imazapyr, Diquat), By Mode of Action (Selective Herbicides, Non-selective Herbicides), By Type of Weed (Foliar (Emersed & Free-floating Weeds), Submersed Weeds), By Application Area (Fisheries, Recreational Waters, Agricultural Waters), and Geography Forecast till 2026”. Human consumption of fisheries and aquaculture products witnessed a growth of 3.07% (CAGR) during the forecast period says Fortune Business Insights.
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Some of the key companies that are present in the Global Aquatic Herbicides Market are
- SePRO Corporation
- Alligare, LLC
- Land O’Lakes, Inc.
- Bio Safe Systems LLC
- Platform Specialty Products Corporation
- Albaugh and Sanco Industries Ltd.
Rising Demand for Animal Protein to Contribute to The Growth of Aquatic Herbicide Market
Fisheries and aquaculture are considered an essential source of animal protein for human consumption. They also play an important role in addressing the food and nutrient requirement of the rising population. However, aquatic weeds are the most common threats to the water body, which pose threat to the overall industry. Aquatic weeds jeopardize the production of fishes and reduce the effectiveness of water bodies. Aquatic weeds have persistent growth and reproduction characteristics that differentiate them from native plants. Aquatic weeds often displace native plants or other desirable plants due to their superior ability to compete for available nutrients, space and light. These factors have led to the adoption of aquatic herbicides for controlling aquatic weeds from destroying the natural habitat of aquatic animals and enabled growth for the aquatic herbicides market.
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Implementation of Rigid Regulations to Contribute to the Growth of Aquatic Herbicides Market
The rise in the adoption of integrated weed management is the key driver of the global aquatic herbicides market. Aquatic herbicides are cost-effective as compared to conventional or traditional methods thus, their demand is forecast to increase in the coming years. Rigid regulation and water toxicity issues related to aquatic herbicides that may adversely affect marine life are some of the factors restraining growth of the aquatic herbicides market. Aquatic vegetation also causes hindrance in irrigation channels, damaging the pumps and turbines in thermal power stations and hydroelectric power stations. Seeing the economic loses, regulation of aquatic growth is extremely vital to improve the efficiency of the aquatic ecosystem for fishery and other activities. Controlling the aquatic weeds with herbicides is convenient and cheaper than any other traditional methods, thus an improvement in aquatic ecosystem is likely to drive the growth of the aquatic herbicides market in the coming years. Majority of herbicides that are available in the market are low in mammalian toxicity and are cost-effective. Therefore, rise in fisheries, aquaculture farming is contributing to the demand for aquatic herbicides and hence giving rise to the global market.
aquatic herbicides are toxic in nature and can eliminate aquatic plants and unwanted vegetation in water bodies. The process of selecting herbicides depends on the type of weed spices, dosage, leaf stage (3-4), and level of infestation. The usage of aquatic herbicides varies from 0.5 to 1 kg per hectare.
Aquatic Herbicides Market Is Segmented into The Following
Glyphosate, 2,4-D (ester, amine, and sodium), diquat, imazapyr, endothall, and fluridone are some of the prime herbicides used to control aquatic weeds. 2,4-D and glyphosate are the leading active ingredients in the aquatic herbicides market. The aquatic herbicide market is segmented as selective and non-selective on the basis of its mode of action. Considering, a wide range of action and low cost, non-selective aquatic herbicides are in high demand.
North America Projected to Be the Leader In The Global Aquatic Herbicides Market
North America is expected to have dominance in the global aquatic herbicide market due to the increasing adoption of integrated weed management in the irrigation channels and aquaculture farming. Escalating demand for aquaculture farming is anticipating push growth for the aquatic herbicides market in the countries such as China and India
KEY QUESTIONS ANSWERED:
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
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