Algaecides Market Expansive Growth Forecasted for Anticipated to Reach USD 8.0 Billion by 2032
Global Algaecides Market Forecast In 2022, the Algaecides Market was appraised at USD 4.7 Billion. By 2023, the Algaecides market application is anticipated to ascend from USD 5.0 Billion to USD 8.0 Billion by 2032, demonstrating a compound annual growth rate (CAGR) of 6.12% throughout the forecast duration spanning from 2023 to 2032. Algaecides help in killing and preventing the growth of algae. Increasing population and growing demand for food have led to high agricultural productivity which is driving the growth of the algaecides market. Moreover, limited availability of cultivable land is boosting the demand for algaecides to increase farm productivity. Algaecides is a chemical treatment designed to kill and prevent algae growth. There are mainly two types of algaecides such as natural algaecides and synthetic algaecides. They are applicable in agriculture, surface water treatment, aquaculture, and others. It is mainly used in aquaculture to promote aquatic life by preventing