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Agricultural Algaecides Market 2024 Mega Trends, Industry Growth, Future Outlook And Forecast To 2033

Agricultural Algaecides Market Share

Agricultural Algaecides Market Share

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Agricultural Algaecides Market Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $4.83 billion In 2028 At A CAGR Of 7.3% :

The agricultural algaecides market size has grown strongly in recent years. It will grow from $3.41 billion in 2023 to $3.64 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to growing concerns about water quality, expansion of aquaculture industry, traditional agricultural practices, crop protection.

The agricultural algaecides market size is expected to see strong growth in the next few years. It will grow to $4.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to global population growth, climate change impact, rising awareness of sustainable agriculture, emerging markets. Major trends in the forecast period include increasing emphasis on bio-based algaecides, precision agriculture adoption, collaborations and partnerships, focus on research and development, digital farming solutions, global market expansion.

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Agricultural Algaecides Market Market Major Segments
The agricultural algaecides market market covered in this report is segmented -

1) By Type: Copper Sulphate, Chelated Copper, Peroxyacetic Acid, Hydrogen Dioxide, Dyes, Colorants, Other Types
2) By Mode Of Action: Selective, Non-Selective
3) By Category: Synthetic Algaecides, Natural Algaecides
4) By Form: Solid, Liquid

Key Driver - Rising Agricultural Sector Fuels Growth In The Agricultural Algaecides Market

The expansion of the agricultural sector is propelling the growth of the agricultural algaecides market. The agriculture sector includes businesses whose main activities are the production of crops, the breeding of livestock, and the collection of fish and other animals from farms, ranches, or their natural habitats. The application of algaecides aids in agricultural output by aiding in weed and insect control outside farm buildings, nurseries, greenhouses, and other growing operations. The growth of agriculture directly ensures more and more use of algaecides to improve production and crop quality. For instance, in September 2023, according to the U.S. Department of Agriculture (USDA), the agriculture, food, and associated sectors collectively added approximately $1.264 trillion to the United States' gross domestic product (GDP) in 2021, representing a 5.4% contribution. Out of this amount, the output generated by American farms accounted for $164.7 billion, constituting roughly 0.7% of the nation's GDP. Therefore, the expansion of the agricultural sector is driving the growth of the agricultural algaecides market.

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Prominent Trend - Innovative Non-Copper-Based Algaecides Revolutionize The Agricultural Algaecide Market

Major companies operating in the agricultural algaecide market are developing innovative products such as non-copper-based algaecides to meet larger customer bases, more sales, and increase revenue. Non-copper-based algaecides are chemical compounds or formulations used to control or eliminate algae growth in various environments, such as water bodies, without containing copper-based active ingredients. For instance, in May 2022, Lake Restoration, a US-based aquatic plant management company, launched Cape Furl, an algaecide and fungicide suitable for application in aquatic environments that house live fish and plants. One standout characteristic of this product is that Cape Furl is a user-friendly algaecide free of copper, providing a rapid and effective solution for eliminating algae, mold, or moss. Cape Furl is an EPA-approved algaecide containing sodium carbonate peroxyhydrate (SCP). It offers an effective solution for eliminating algae in ponds while ensuring the safety of sensitive fish species such as trout, koi, and channel catfish, which can be adversely affected by copper-based algaecides. You can apply this product by either broadcasting the granular powder directly over the areas with algae or by dissolving the granules in water and then spraying them onto the algae mats.

Agricultural Algaecides Market Market Players
Major companies operating in the agricultural algaecides market market report are Badische Anilin und Soda Fabrik SE, Dow Inc, Nufarm Agriculture Inc., Bioguard Organics Ltd., Bayer AG, Lonza Group Ltd., Pinch A Penny Inc., United Phosphorus Limited, Oreq Corporation, Waterco Limited, Pool Corporation, Syngenta Group Co. Ltd, BioSafe Systems LLC, Airmax Inc., Sepro Corporation, FMC Corporation, SIPCAM-OXON GROUP, Origin Enterprises PLC, Certis USA LLC, Vanson HaloSource Inc., Brandt Consolidated Inc., Gowan Company LLC, Helena Agri-Enterprises LLC, Isagro S. p. A., Marrone Bio Innovations Inc., Valent BioSciences LLC, Wilbur-Ellis Company, Aurora Canna*bis Inc, Tesla Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the agricultural algaecides market in 2023. The regions covered in the agricultural algaecides market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Agricultural Algaecides Market Market Report Structure
3. Agricultural Algaecides Market Market Trends And Strategies
4. Agricultural Algaecides Market Market - Macro Economic Scenario
5. Agricultural Algaecides Market Market Size And Growth
…..
27. Agricultural Algaecides Market Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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