Aquatic Herbicides Market Size Is Surpassing USD 895.42 Million by 2033, Growing at Projected 6% CAGR
Aquatic Herbicides Market Size Is Surpassing USD 895.42 Million by 2033, Growing at Projected 6% CAGR Yahoo Finance
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The Brainy Insights
The global aquatic herbicides market size is anticipated to grow from USD 500 million to USD 895.42 million in 10 years. The market will experience rapid growth due to advancements in aquatic herbicides during the forecast period.
Sustainable Development Goals (SDGs)
- Goal 6: Clean Water and Sanitation
- Goal 14: Life Below Water
- Goal 15: Life on Land
Newark, March 06, 2024 (GLOBE NEWSWIRE)
The Brainy Insights estimates that the USD 500 million in 2023 global aquatic herbicides market will reach USD 895.42 million in 2033. The purpose of aquatic herbicides is to manage undesirable aquatic vegetation. They are essential for managing rivers, reservoirs, lakes, and ponds. They target particular plant species selectively, are soluble in water, and have varying persistence. They are employed in aquatic weed and waterbody management to improve recreational access, preserve water flow, and stop algal blooms. Aquatic herbicides are crucial for managing waterbodies because they are essential for preventing invasive species from upsetting ecosystems and compromising water quality. By reducing overgrowth, they aid in preserving and repairing aquatic habitats. Additionally, they target hazardous algal blooms to keep the water clean. Furthermore, controlling aquatic weeds maintains unhindered water flow in rivers and other bodies of water, protects navigation routes, and promotes leisure pursuits like fishing and boating. Reducing overgrowth stops plant matter from breaking down, improving water quality by preventing the release of nutrients and oxygen. Thus, a healthier aquatic habitat is promoted.
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Report Coverage Details
- Forecast Period: 2024–2033
- Base Year: 2023
- Market Size in 2023: USD 500 Million
- Market Size in 2033: USD 895.42 Million
- CAGR: 6%
- No. of Pages in Report: 237
- Segments Covered: by Type, Mode of Application, Mode of Action, Application, Regions
- Drivers: The increasing need to maintain healthy quality of waterbody and aquatic environment
- Opportunities: Advancements and innovation in aquatic herbicides
- Restraints: The non-targeted impact of aquatic herbicides
Key Insight of the Global Aquatic Herbicides Market
North America will dominate the market during the forecast period.
Aquatic herbicides are essential for preventing aquatic plant invasions, protecting biodiversity, and preserving the ecological balance of water bodies because invasive aquatic plant species threaten a sizable portion of the region’s waterbodies. These herbicides are essential for controlling weeds in irrigation canals, rice paddies, and aquaculture ponds to maintain optimal crop yields and assist aquaculture operations. Herbicides are used to control aquatic weeds because recreational boating and fishing on North American waterways are highly popular. Research and technological developments have produced more ecologically friendly and effective aquatic herbicides, increasing their acceptance and usage even more.
In 2023, the glyphosate segment dominated the market with the largest market share of 37% and revenue of 185 million.
The type segment is divided into glyphosate, 2-4-d, imazapyr, diquat, triclopyr, and others. In 2023, the glyphosate segment dominated the market with the largest market share of 37% and revenue of 185 million.
In 2023, the foliar segment dominated the market with the largest market share of 55% and revenue of 275 million.
The mode of application segment is divided into foliar and submerged. In 2023, the foliar segment dominated the market with the largest market share of 55% and revenue of 275 million.
In 2023, the selective segment dominated the market with the largest market share of 56% and revenue of 280 million.
The mode of action segment is divided into selective and non-selective. In 2023, the selective segment dominated the market with the largest market share of 56% and revenue of 280 million.
In 2023, the agricultural waters segment dominated the market with the largest market share of 38% and revenue of 190 million.
The application segment is divided into agricultural waters, fisheries, recreational waters, and others. In 2023, the agricultural waters segment dominated the market with the largest market share of 38% and revenue of 190 million.
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Advancement in market
During a meeting, the board of commissioners for Central Arkansas Water approved spending $2.5 million to combat hydrilla. This invasive aquatic plant has taken hold in Lake Maumelle, the main drinking water source for the Little Rock metro region. Utility officials are looking to purchase an “automated injection control system” from vendor SePRO for the liquid herbicide formulation and pellet and liquid versions of the chemical. On the board’s consent agenda, a motion authorizing the purchases was adopted by voice vote.
Market Dynamics
Driver: The growing requirement to preserve the aquatic environment’s and waterbodies’ quality.
Because of the increase in invasive aquatic plant species, which pose a hazard to ecosystems, herbicides are essential for regulating and containing these invasions and preserving the equilibrium of aquatic ecosystems. Aquatic herbicides are essential for restoring degraded lakes, ponds, and rivers to their original biodiversity and water quality state. Herbicides are applied to undesired vegetation to control it. In addition, the need to preserve river water flow and avoid
SDGs, Targets, and Indicators Analysis
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 6: Clean Water and Sanitation
- SDG 14: Life Below Water
- SDG 15: Life on Land
The article discusses the use of aquatic herbicides to manage undesirable aquatic vegetation, preserve water flow, prevent algal blooms, and maintain unhindered water flow in rivers and other bodies of water. These actions are directly related to SDG 6, which aims to ensure availability and sustainable management of water and sanitation for all. Additionally, the use of aquatic herbicides helps protect aquatic ecosystems and biodiversity, which are targets of SDG 14 (Life Below Water) and SDG 15 (Life on Land).
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 6.3: By 2030, improve water quality by reducing pollution, eliminating dumping and minimizing release of hazardous chemicals and materials.
- SDG 14.2: By 2020, sustainably manage and protect marine and coastal ecosystems to avoid significant adverse impacts.
- SDG 15.1: By 2020, ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems and their services.
The article highlights the use of aquatic herbicides to manage water quality, control invasive species, and preserve aquatic ecosystems. These actions contribute to achieving the targets mentioned above.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
Yes, the article mentions the market size of the global aquatic herbicides market, which can be used as an indicator to measure the progress towards achieving the targets. The increase in market size indicates a growing demand for aquatic herbicides, which suggests an increasing need to manage water quality and preserve aquatic ecosystems.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 6: Clean Water and Sanitation | 6.3: By 2030, improve water quality by reducing pollution, eliminating dumping and minimizing release of hazardous chemicals and materials. | Market size of the global aquatic herbicides market |
| SDG 14: Life Below Water | 14.2: By 2020, sustainably manage and protect marine and coastal ecosystems to avoid significant adverse impacts. | Market size of the global aquatic herbicides market |
| SDG 15: Life on Land | 15.1: By 2020, ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems and their services. | Market size of the global aquatic herbicides market |
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Source: finance.yahoo.com
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