Monsanto (US) and Dow Chemical (US) are the Key Players in the Aquatic Herbicides Market
by Mit K. SEOAquatic herbicides are chemical agents used for controlling
weeds in aquatic systems. The continuous increase in growth and number of these
weeds restricts water movement and increases the sedimentation rate in aquatic
systems such as agricultural waters, fisheries, and recreational waters.
Furthermore, it degrades water quality, reduces biodiversity, and leads to
economic losses for the agricultural, fishery, and recreation sectors. Aquatic
herbicides have gained importance due to their ease of application and ability
to save time and labor costs.
The aquatic
herbicides market includes players such as Dow Chemical (US), BASF
(Germany), Monsanto (US), Syngenta (Switzerland), and Nufarm (Australia). Other
significant players include Lonza (Switzerland), Land O'Lakes (US), UPL
(India), Platform Specialty Products (US), SePRO Corporation (US), Albaugh
(US), Valent (US), and SANCO INDUSTRIES (US).
The global aquatic herbicides market is projected to reach
USD 696.4 Million by 2022, at a CAGR of 6.8% from 2017.
The market is concentrated, with key market players adopting
investments and strategic alliances, expansions, mergers & acquisitions,
and collaborations/partnerships/agreements with other players to strengthen
their business, explore new and untapped markets, expand in local areas of
emerging markets, and develop a new customer base for long-term client
relationships.
Monsanto (US)
Monsanto is engaged in the manufacturing and marketing of
agricultural products, globally. The company focuses on providing high-quality
yielding biotech and conventional seeds, preliminary traits, and technologies
that provide more durable and nutritious crops and safe & potent crop
protection solutions to farmers worldwide. It operates through two business
segments, namely, seeds & genomics and agricultural productivity. The
agricultural productivity segment is engaged in the production of herbicides
and other crop protection products, and finds wide applications in the
agricultural as well as the industrial markets. It has its presence in various
regions, such as North America, Europe, Asia Pacific, and Africa.
In the last few years, Monsanto acquired companies, which has
not only helped in building a strong geographical presence around the globe but
has also enhanced the company’s technological advancements significantly. The
collaboration of Monsanto and Sumitomo Chemical Company (Japan), in June 2016,
would help the two companies to strengthen their pesticides business, globally.
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Dow Chemical (US)
Dow Chemical manages its business operations through six
segments-performance plastics, performance materials & chemicals,
infrastructure solutions, agricultural science, consumer solutions, and
corporate. The company’s integrated, market-driven portfolio delivers a broad
range of technology-based products and solutions in high-growth sectors such as
agriculture, packaging, transportation, consumer care, infrastructure, and
electronics.
Dow Chemical operates globally through its subsidiaries and
has 197 production facilities in 36 countries. It serves its agricultural
products through its wholly owned subsidiary-Dow AgroSciences. It offers
products and solutions in over 150 countries and has operations in North
America, Europe, the Middle East, Africa, and the Asia Pacific.
The company has witnessed technology-driven growth, brought
on by pesticides and seed/plant biotechnology products and technologies. It
also focuses on collaborating with major players to optimize its technology in
the pesticides segment. The merger of Dow Chemical and DuPont (US) on September
2017 creates an opportunity to build sustainable growth and innovation in the
agricultural segment. It would also generate long-term returns for its
shareholders. Since the company is focusing more on market visibility,
productive R&D would create an opportunity for the growth of aquatic
herbicides.
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Created on May 22nd 2020 07:33. Viewed 188 times.