Agricultural Algaecides Market Size and Outlook 2029: Key Drivers and Insights
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How Big Was The Agricultural Algaecides Market In The Base Year 2024 And How Large Is It In 2029?
The agricultural algaecides market has demonstrated strong expansion in recent years. It is anticipated to increase from $3.61 billion in 2024 to $3.85 billion in 2025, at a compound annual growth rate (CAGR) of 6.5%. This historical expansion can be linked to heightened concerns about water quality, the expanding aquaculture industry, conventional agricultural practices, and advancements in crop protection.
The agricultural algaecides market is anticipated to show robust expansion over the next few years. It is projected to increase to $5.21 billion by 2029, achieving a compound annual growth rate (CAGR) of 7.8%. This growth during the forecast period is primarily driven by factors such as global population growth, the impact of climate change, a growing awareness of sustainable agricultural methods, and the emergence of new markets. Key trends expected in the forecast period include a heightened focus on bio-based algaecides, the widespread adoption of precision agriculture, an increase in collaborations and partnerships, dedicated efforts in research and development, the deployment of digital farming solutions, and broader global market expansion.
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Which Key Growth Factors Are Fueling The Agricultural Algaecides Market?
The increasing size of the agricultural sector is fueling the expansion of the agricultural algaecides market. This sector encompasses enterprises primarily engaged in cultivating crops, raising livestock, and harvesting fish and other animals from farms, ranches, or their native environments. Using algaecides contributes to agricultural productivity by assisting with the management of weeds and insects in areas like farm perimeters, nurseries, greenhouses, and various cultivation sites. As agriculture expands, there is a direct correlation with the increasing adoption of algaecides to enhance both production volumes and crop quality. For example, data from September 2023 by the U. S. Department of Agriculture (USDA) indicates that in 2021, the agriculture, food, and related industries collectively contributed roughly $1.264 trillion to the United States’ gross domestic product (GDP), accounting for 5.4% of it. Specifically, the output from American farms alone amounted to $164.7 billion, making up approximately 0.7% of the country’s GDP. Consequently, the continuous growth of the agricultural sector serves as a primary driver for the expansion of the agricultural algaecides market.
Which Segment Accounts For The Largest Share Of The Agricultural Algaecides Market?
The agricultural algaecides 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
Subsegments:
1) By Copper Sulphate: Crystals, Liquid Form
2) By Chelated Copper: EDTA Chelates, DTPA Chelates, Others
3) By Peroxyacetic Acid: Industrial Grade, Food Grade
4) By Hydrogen Dioxide: Stabilized Solutions, Concentrated Solutions
5) By Dyes: Food Dyes, Industrial Dyes
6) By Colorants: Natural Colorants, Synthetic Colorants
7) By Other Types: Biocontrol Agents, Enzymatic Algaecides, Natural Extracts
Which Emerging Trends Are Influencing The Agricultural Algaecides Market?
Leading companies within the agricultural algaecide market are developing innovative products, such as non-copper-based algaecides, to attract broader customer segments, increase sales, and boost revenue. These non-copper algaecides are chemical compounds or formulations designed to control or eliminate algae growth in diverse environments, including water bodies, notably without containing copper-based active ingredients. As an illustration, in May 2022, Lake Restoration, a US-based company focused on aquatic plant management, introduced Cape Furl, an algaecide and fungicide suitable for application in aquatic environments housing live fish and plants. A key characteristic of Cape Furl is its user-friendly, copper-free composition, offering a rapid and effective solution for eradicating algae, mold, or moss. This EPA-approved algaecide contains sodium carbonate peroxyhydrate (SCP) and effectively eliminates algae in ponds while ensuring the safety of sensitive fish species such as trout, koi, and channel catfish, which can be negatively impacted by copper-based algaecides. The product can be applied by either broadcasting the granular powder directly onto areas with algae or by dissolving the granules in water and subsequently spraying the solution onto algae mats.
Which Companies Dominate The Agricultural Algaecides Market?
Major companies operating in the agricultural algaecides market market include Dow Inc, Nufarm Agriculture Inc., Bioguard Organics Ltd., Bayer AG, Lonza Group Ltd., United Phosphorus Limited, Oreq Corporation, Waterco Limited, 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
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What Are The Key Regional Markets For The Agricultural Algaecides Market?
North America was the largest region in the agricultural algaecides market in 2024. The regions covered in the agricultural algaecides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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