Aquatic Herbicides Type Market Product, Revenue Share, Size, Regional Demand | Forecast
Market Research Overview
The global aquatic herbicides market has been segmented
based on form, mode of action, mode of application, chemical formulation, type,
application, and region.
On the basis of form, the market has been divided into
liquid and granules. The liquid herbicides segment is expected to be the larger
and faster-growing market during the review period due to the ease of use and
high effectiveness.
Based on mode of action, the global aquatic herbicide market
has been segmented into selective and non-selective. The selective herbicides
segment accounted for the larger market share in 2017 as these herbicides kill
specific plants or weeds while leaving the desired plant relatively unharmed.
The market is expected to grow at a significant rate during the forecast period.
By mode of application, the global aquatic herbicide market
has been categorized as foliar sprays and sub-surface injection. The market of
foliar sprays is predicted to grow at a higher rate during the forecast period
due to the rising demand and ease of application.
Based on chemical formulation, the global aquatic herbicide
market has been segregated into glyphosate, 2,4-d, imazapyr, diquat, triclopyr,
and others (fluridone, flumioxazin, and copper and chelated copper). The
glyphosate herbicides segment is expected to register the highest CAGR during
the forecast period as the product is the most widely used herbicide owing to
its high efficiency and quick action.
On the basis of type, the global aquatic herbicides market
scope has been segmented into contact and systematic herbicides. Contact
herbicides are used extensively due to their performance and effective action.
Thus, the segment is projected to grow at a rapid pace in the coming years.
The application segments of the global aquatic herbicides type
market are fisheries, recreational water, agricultural water, and others. The
agricultural water is expected to be the leading application segment during the
forecast period due to the growth of the agricultural sector.
Competitive Analysis:
Some of the prominent players in the global aquatic
herbicide market are DowDuPont (US), BASF SE (Germany), Monsanto Company (US),
Syngenta (Switzerland), Nufarm Limited (Australia), Lonza (Switzerland), Land
O’ Lakes, Inc. (US), UPL (India), Platform Speciality Products Corporation
(US), SePRO Corporation (US), Albaugh LLC (US), Valent BioSciences LLC (US),
and Sanco Industries, Inc. (US).
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Regional Analysis:
The global aquatic
herbicides type market has been divided into five regions, namely, North
America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.
The North American market is expected to be the largest during the forecast
period due to the high demand for herbicides in integrated weed management
systems in the region. The market in Asia-Pacific is projected to be the
second-largest, registering the highest CAGR during the review period. The
European market is expected to register considerable growth, while the markets
in Latin America and the Middle East & Africa are projected to grow at a
steady pace during the forecast period.
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