Global Copper Fungicides Market Insights Forecasts to 2032
- The Global Copper Fungicides Market Size was valued at USD 347.4 Million in 2022.
- The Market is Growing at a CAGR of 6.0% from 2022 to 2032
- The Worldwide Copper Fungicides Market Size is expected to reach USD 626.9 Million by 2032
- Asia Pacific is expected to grow the fastest during the forecast period
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The Global Copper Fungicides Market Size is expected to reach USD 626.9 Million by 2032, at a CAGR of 6.0% during the forecast period 2022 to 2032. The global copper fungicide market has been gradually increasing primarily to the worldwide development of both the agribusiness and horticultural fields. As the world's population grows, there will be an increasing requirement for a greater supply of food, which drives up the need for crop-safety chemicals such as copper fungicides.
Copper fungicides are helpful for treating bacterial infections and preventing tolerance to other pesticides that are being applied. Copper fungicides also prove efficient against fungi. Copper ions destroy microorganisms that are yet to have contaminated the crop by breaking down enzymes and protein molecules in their cells. Because they have little post-infection exertion and are non-selective, they cause toxic effects when they enter plants. Copper sulfate, copper sulfate pentahydrate, copper hydroxide, copper oxychloride sulfate, cuprous oxide, and copper octanoate are examples of fixed copper fungicides. The primary component in almost all copper fungicides is fixed copper, with copper hydroxide probably the most frequent.
Furthermore, whether measured in productivity or market penetration, copper-based fungicides serve a critical role in the management of bacterial infections. In addition, copper-based fungicides are highly effective against several bacterial and fungal infections in fruits and vegetables crops, such as downy mildew, alternaria leaf spot, and brown blotches. Copper-based fungicides have become prevalent in practically every fungicide since they have the benefits of eco-friendliness, relative safety, rare resistance, and use in organic agriculture. With their wide range of action and prolonged efficiency, copper fungicides assist farmers in mitigating the growing prevalence of diseases resulting from global warming. As a result, the rise in plant diseases increases consumer demand for the copper fungicides market.
The major key players in the Global Copper Fungicides Market include Isagro S.p.A., Nordox AS, ADAMA, Quimetal, Bayer AG, UPL Ltd., Albaugh, LLC, Nufarm, and many others. Major market companies are extensively spending on R&D to increase the range of their products, which will assist in helping the copper fungicides market develop more rapidly. The market's players are also engaging in a number of strategic initiatives to grow their worldwide presence, with significant market trends including the introduction of new products, agreements on contracts, consolidations & mergers, higher expenditures, and partnerships with other organizations as well.
Global Copper Fungicides Market Report Coverage
|Market Size in 2022 :||USD 347.4 Million|
|Forecast Period 2022-2032 CAGR:||6.0%|
|2032 Value Projection:||USD 626.9 Million|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||110|
|Segments covered:||By Type, By Chemistry, By Application, By Region|
|Companies Covered:||Isagro S.p.A., Nordox AS, ADAMA, Quimetal, Bayer AG, Certis USA L.L.C., UPL Ltd., Albaugh, LLC, Nufarm, Cosaco, Cinkarna Celje dd, Corteva, Spiess-Urania Chemicals GmbH, Industrias Químicas del Vallés (IQV)|
|Pitfalls & Challenges:||COVID-19 Empact,Challenges, Future, Growth, & Analysis|
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The drivers for the copper fungicides market include changes in global environmental factors, the growth of aggressive microbial species, and increasing demand for robust fungal resistance in crop yields. Furthermore, the development in agricultural and agricultural production has resulted in an increasing need for copper fungicides as well as chances for growth in the worldwide market for these products. Fungi produce the majority of agricultural conditions, such as those found in fruits and vegetables. Soil, seed, crop debris, weeds, and adjacent crops are all potential causes of fungal infections in plants. As a result, regulating fungal diseases that harm plants are critical to meeting the world's expanding food needs as the world's population grows. All of these elements are expected to drive demand for copper fungicides over the projected period in order to boost crop yields.
In addition, copper fungicides are widely used in enclosed farming practices for treating fungal diseases under regulated conditions. The need for copper fungicides is predicted to rise as the use of protected agriculture grows. This is expected to provide the market with appealing potential. Furthermore, growth in the development and research of products, as well as a boost in the requirement for soil replenishment, are variables that generate significant market prospects. To boost both the efficacy and productivity of copper fungicides, manufacturers might focus on developing novel formulations, improving compatibility with various crops, and optimizing treatment methodologies. Research and development efforts can investigate the beneficial implications of mixing copper fungicides with other prevention and treatment techniques, potentially broadening the scope of their application.
Copper fungicides, on the other hand, are sensitive to shifts in copper prices because copper is a widely traded metal. Copper price fluctuations can have an impact on the manufacturing costs of copper fungicides, thereby influencing their accessibility and market share. Furthermore, the accessible nature of numerous alternative disease management approaches, such as biological controls, disease-resistant cultivation, and cultural methods, is likely to be a significant impediment to the expansion of the copper fungicides market over the forecast period.
By Type Insights
The inorganic segment is dominating the market with the largest revenue share over the forecast period.
On the basis of type, the global copper fungicides market is segmented into the inorganic and organic. Among these, the inorganic segment is dominating the market with the largest revenue share of 78.6% over the forecast period. This is due to the growing popularity of these products in the prevention and treatment of fungal and bacterial infections in vegetables, roses, fruits, nuts, herbs, ornamentals, and turf. It is also an exceptionally widely used and efficient copper fungicide. It attaches to the protein structures of fungi and algae, destroying them. It can also be utilized to treat copper deficiency by spraying diluted copper sulphate on the leaves. Organic agriculture, on the other hand, has gained traction over the past decade as a result of increasing consumer preference for organic foods and growing recognition of the damaging effects of insecticides on human health and the ecosystem.
By Chemistry Insights
The copper hydroxide segment is witnessing significant CAGR growth over the forecast period.
On the basis of chemistry, the global copper fungicides market is segmented into copper oxychloride, copper hydroxide, cuprous oxide, copper sulphate, and others. Among these, the copper hydroxide segment is witnessing significant CAGR growth over the forecast period. This rise can be linked to their beneficial application in key fruits and vegetable crops, as they are more successful at controlling fungal diseases than their competitors. Because of the increased need for copper hydroxide, manufacturers are developing new products to meet consumer demand. Furthermore, following copper hydroxide, the copper sulphate category is the fastest expanding market. It is the most traditional and effective type of copper fungicide.
By Application Insights
The fruits & vegetables segment accounted for the largest revenue share of more than 47.2% over the forecast period.
On the basis of application, the global copper fungicides market is segmented into fruits & vegetables, cereals & grains, oilseeds & pulses, and others. Among these, the fruits & vegetables segment is dominating the market with the largest revenue share of 47.2% over the forecast period. This segment's development is related to rising health consciousness among consumers worldwide, which drives consumer interest in fresh produce and fruits owing to their nutritious worth. They are frequently employed as sprays to manage bacterial and fungal infections in plants. Spraying copper fungicides on fruit trees and berries helps minimize scabs, bacterial blights, leaf and cane spots, and mildew.
Europe dominates the market with the largest market share over the forecast period.
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Europe is dominating the market with more than 43.7% market share over the forecast period. A large number of primary producers are based in Europe due to the accessible and ample accessibility of raw materials, such as copper sulphate, essential for the development of these chemicals. Copper oxychloride, copper hydroxide, and cuprous oxide are a few additional copper-based compounds manufactured in this region. Germany is one of the world's leading crop producers. Sugar, wheat, grapes, vegetables, and fruits are among the most common crops grown in the country that necessitate the use of pesticides in order to achieve higher yields. As a result, growing crop yield is expected to increase demand for fungicides and insecticides in Germany over the forecast period.
Asia Pacific, on the contrary, is expected to grow the fastest during the forecast period. Agriculture is a major industry in several Asia Pacific nations, including India, Bangladesh, China, Pakistan, and Sri Lanka. The region's copper fungicides market is likely to be driven by these countries' thriving agribusiness sectors throughout the forecast period. In addition, China and India, which are agricultural production powerhouses in terms of rice, wheat, and cotton, are establishing themselves as global trading centers for rice, wheat, and cotton. Pesticide consumption is predicted to increase dramatically in the Asia Pacific region over the forecast period, resulting in increased regional market demand.
List of Key Market Players
- Isagro S.p.A.
- Nordox AS
- Bayer AG
- Certis USA L.L.C.
- UPL Ltd.
- Albaugh, LLC
- Cinkarna Celje dd
- Spiess-Urania Chemicals GmbH
- Industrias Químicas del Vallés (IQV)
Key Market Developments
- On June 2023, Corteva Agriscience has built its first combined crop protection and seed research laboratory in EMEA, assisting in driving innovation and providing farmers with sustainable solutions. Furthermore, the research center is energy-efficient, with zero wastewater emissions, in keeping with Corteva Agriscience's commitment to sustainability.
- On February 2022, Bharat Certis AgriScience Ltd. (BCA), a Mitsui & Co., Ltd. group company, adds a new milestone to its journey with the launch of Kocide 3000. Kocide 3000 is the most advanced and one-of-a-kind Copper Fungicide, with an enhanced formulation that has a high concentration of biologically active Copper ions. It has improved efficacy against a wide range of fungal and bacterial diseases in a variety of crops, providing better and longer-lasting disease control.
- On May 2021, Giorgio Basile has sold the Piemme S.r.l. to Gowan Co. Piemme S.r.l. is Isagro S.p.A.'s indirect controlling shareholder. Isagro is the global owner of significant active ingredients such as copper hydroxide/oxychloride, tetraconazole, and kiralaxyl, and is widely known for its crop protection and biopesticide research and development initiatives.
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Copper Fungicides Market based on the below-mentioned segments:
Copper Fungicides Market, Type Analysis
Copper Fungicides Market, Chemistry Analysis
- Copper Oxychloride
- Copper Hydroxide
- Cuprous Oxide
- Copper Sulphate
Copper Fungicides Market, Application Analysis
- Fruits & Vegetables
- Cereals & Grains
- Oilseeds & Pulses
Copper Fungicides Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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