Indonesia dominates the global non-food aquatic plant market with a substantial lead, representing nearly three-quarters of the share. Other key players include the Philippines and North Korea, though significantly trailing behind Indonesia. The past year shows fluctuations such as growth in India, where usage increased by 0.9%, and Peru, which witnessed a staggering growth of 49.41%. In contrast, countries like China noted considerable declines at -7.79%. The year-on-year changes indicate variances across the board, with countries like Cambodia and Belgium experiencing notable growth, attributed to respective increases in demand and production capacity.
Future trends to observe include:
- Asia, particularly Indonesia, maintaining its market leadership.
- Potential growth in emerging markets: Cambodia's and Peru's expanding shares indicate possible growth in these markets.
- Environmental regulations could alter production and usage patterns, impacting the market dynamics significantly.
- Sustainability may drive innovations and shifts toward more eco-friendly production methods in leading countries.
Top countries in Aquatic Plants Non-food Uses Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 74.99 | 2023 | -0.41% | -0.18% | View data |
| 2 | 2 Philippines | 10.67 | 2023 | -0.75% | -0.79% | View data |
| 3 | 3 North Korea | 4.56 | 2023 | +0.85% | +0.92% | View data |
| 4 | 4 Chile | 2.76 | 2023 | +0.071% | -0.35% | View data |
| 5 | 5 Japan | 2.18 | 2023 | +0.1% | +0.12% | View data |
| 6 | 6 Malaysia | 1.45 | 2023 | -1.87% | -1.85% | View data |
| 7 | 7 Tanzania | 0.75 | 2023 | -2.29% | -2.13% | View data |
| 8 | 8 France | 0.31 | 2023 | -4.59% | -4.13% | View data |
| 9 | 9 United States | 0.29 | 2023 | +1% | +1.13% | View data |
| 10 | 10 India | 0.21 | 2023 | +0.97% | +0.9% | View data |
