Aquatic Herbicides Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Aquatic Herbicides Market Analysis:

Aquatic herbicide is a chemical substance, which is formulated to prevent the growth of aquatic weeds, which include pond algae, lake weeds, and pond weeds. Aquatic herbicides are of two types, selective and nonselective. Selective herbicides target only certain distinctive selective herbicides and are not hazardous to other living entities within the same aquatic environment. Nonselective herbicides however restrict the growth of all plant life and vegetation in the areas where these are used. Disrupting photosynthesis or limiting the synthesis of plant pigments are ways wherein the herbicides restrict the growth of weeds. They are used when long-lasting weed control is required at cheaper prices and with less undesired side effects. Organizations working in the target market can focus on improvement of herbicides, which might be safe to aquatic animals and humans, therefore creating a beneficial possibility for existing as well as new players operating within the market.

COVID-19 scenario analysis

The outbreak of coronavirus has affected various industries over the past few months. The global market for the aquatic herbicides is expected to decline over the forecast period. Various factors such as supply chain disruptions has reduced the availability of raw materials for the production process. Moreover, the lockdown has forced the government to shut down manufacturing plants to prevent the spread of the virus. Lack of labor supply is further expected to reduce the demand for aquatic herbicides. However, the market is expected to grow after this crisis period.

Market scenario analysis

Surge in demand for improved water quality is one of the key factors, which is anticipated to fuel the growth of the global aquatic herbicides market during forecast years. Various advantages of aquatic herbicides compared to mechanical and manual treatment methods is major factor expected to drive growth of global aquatic herbicides market during the forecast period. Limited fresh water supply has increased the number of man-made reservoirs and ponds to save water. Moreover, increase in fishery coupled with various aqua-cultural practices are expected to accelerate the global aquatic herbicides market. In addition, increase in adoption of weed control is anticipated to boost the growth of global market. However, taste issues, water use restriction, and toxicity are key factors anticipated to hamper the market growth. Implementation of stringent regulation for approval of aquatic herbicides is another aspect anticipated to impede the growth of market in the near future.

Regional insights

North America dominates the herbicides market, owing to the presence of main aquatic herbicides manufacturers who function on a global level and surge in adoption of weed control practice, which drive the demand for aquatic herbicides within the region. However, Asia-Pacific is projected to grow at the highest CAGR, due to surge in demand for glyphosate from Australia and New Zealand to control the pre-emergence of weeds. In addition, rise in agricultural activities in the developing nations such as India and China is expected to augment the growth of the aquatic herbicides market in this region.

Key benefits of the report

• This study presents the analytical depiction of the global aquatic herbicides industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global aquatic herbicides market share.
• The current market is quantitatively analyzed to highlight the global aquatic herbicides market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global aquatic herbicides market research report:

• Which are the leading players active in the global aquatic herbicides market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Aquatic Herbicides Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights