USD 302.76 million
Copper Fungicides Market Size, Share, Growth Analysis, By Type(Inorganic copper fungicides and organic copper fungicides), By Application(Fruits & vegetables, cereals & grains, pulses & oilseeds, and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15C2074 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
62
|Figures:
75
Copper Fungicides Market Insights
Copper Fungicides Market size was valued at USD 302.76 million in 2021 and is poised to grow from USD 318.5 million in 2022 to USD 477.79 million by 2030, at a CAGR of 5.2% during the forecast period (2023-2030).
The copper fungicides market has experienced steady growth over the years, driven by factors such as increasing demand for high-quality crop yield, rising awareness about the benefits of fungicides in disease control, and growing concerns regarding food safety and security.
Here are some key insights into the market. Market Size and Value: The global copper fungicides market has witnessed substantial growth in terms of market size and value. The market size is measured in terms of revenue generated from the sale of copper fungicides.
Copper fungicides find extensive application in various agricultural sectors, including fruits and vegetables, cereals and grains, oilseeds and pulses, and others. These fungicides are particularly effective in controlling diseases like downy mildew, powdery mildew, and bacterial blights in crops such as grapes, apples, potatoes, and tomatoes.
The global copper fungicides market is geographically diverse, with North America and Europe being the dominant markets for copper fungicides, driven by the high adoption of advanced agricultural practices and strict regulations regarding crop protection.
The copper fungicides market is subject to regulatory frameworks implemented by various government authorities to ensure the safe and responsible use of agricultural chemicals. Regulations regarding maximum residue limits (MRLs), product labeling, and environmental impact assessments can affect the market dynamics and product availability.
US Copper Fungicides Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
inorganic copper fungicides
Fastest Growth
Growth Rate
5.2% CAGR
Global Copper Fungicides Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Copper Fungicides Market Segmental Analysis
The global market for copper fungicides exhibits segmentation based on type, application, and region. In terms of application, the market is divided into fruits & vegetables, cereals & grains, pulses & oilseeds, and others, highlighting the diverse uses of copper fungicides across different crop types. The segmentation based on type distinguishes between inorganic copper fungicides and organic copper fungicides, offering alternatives for disease control derived from organic sources. Geographically, the market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Copper Fungicides Market Analysis By Application
Fruits & vegetables emerge as the largest segment, commanding a substantial market share. Fruits & vegetables hold a dominant position due to the increasing demand for high-quality produce, rising concerns regarding food safety, and the need to protect valuable crops from fungal diseases. The segment's significance lies in its wide range of crops, including popular fruits like apples, grapes, and citrus fruits, as well as various vegetables. With the growing global population and changing dietary preferences, the demand for fruits and vegetables is expected to surge, thereby driving the need for effective disease control measures such as copper fungicides.
Furthermore, the fastest growing segment within the copper fungicides market is pulses & oilseeds. This segment is witnessing rapid growth owing to multiple factors. Firstly, pulses and oilseeds have gained prominence as essential sources of plant-based proteins and healthy oils, with an increasing emphasis on sustainable food production. Consequently, farmers and growers are increasingly adopting copper fungicides to protect pulse and oilseed crops from devastating fungal infections, which can significantly impact yields and quality. Moreover, expanding consumer awareness of the nutritional benefits of pulses and oilseeds, coupled with their growing utilization in various food products and animal feed, further fuels the demand for copper fungicides in this segment.
Copper Fungicides Market Analysis By Type
The largest segment within the copper fungicides market is the inorganic copper fungicides segment. This segment holds a significant market share due to its established presence and widespread use in the agricultural industry. Inorganic copper fungicides, such as copper oxychloride, copper hydroxide, and copper sulfate, have long been recognized for their effectiveness in combating fungal diseases in crops. They offer reliable and proven solutions for farmers and growers to protect their crops and maximize yields. The dominance of the inorganic copper fungicides segment can be attributed to their historical usage, wide availability, and cost-effectiveness, making them a popular choice among agricultural practitioners.
On the other hand, the fastest growing segment within the copper fungicides market is the organic copper fungicides segment. This segment is witnessing a surge in demand driven by multiple factors. With growing consumer awareness and preferences for organic and sustainable food production, there is a rising need for agricultural inputs that align with these principles. Organic copper fungicides, derived from natural sources and formulated using organic compounds, offer a viable alternative for disease control without compromising environmental sustainability.
Global Copper Fungicides Market By Type
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Copper Fungicides Market Regional Insights
The global copper fungicides market exhibits regional variations, with certain regions emerging as dominating forces and others witnessing rapid growth. Among these regions, the one that holds a dominant position is North America. With its advanced agricultural practices and a strong focus on crop protection, North America commands a significant market share in the copper fungicides industry. The region's market dominance can be attributed to its extensive cultivation of high-value crops such as fruits, vegetables, and grains, where the use of copper fungicides is crucial to combat fungal diseases. For instance, in the United States, which is a major contributor to the North American market, copper fungicides are extensively employed in vineyards to protect valuable grape crops from diseases like powdery mildew. The dominance of North America in the global copper fungicides market is further strengthened by the region's robust research and development activities, which drive innovation and the development of advanced formulations for enhanced disease control.
Meanwhile, the fastest growing region in the global copper fungicides market is Asia Pacific. This region is experiencing rapid growth due to several factors, including increasing population, expanding agricultural activities, and rising awareness of crop protection measures. Countries like China and India, with their large agricultural sectors and significant food production requirements, are driving the demand for copper fungicides in the region. For instance, in China, the extensive cultivation of fruits and vegetables, including apples, grapes, and citrus fruits, creates a substantial market for copper fungicides. Additionally, the adoption of modern farming techniques and the growing preference for high-quality and disease-free agricultural produce further propels the demand for copper fungicides in Asia Pacific. As a result, the region is witnessing substantial market growth, contributing to its rising market share in the global copper fungicides industry.
Global Copper Fungicides Market By Geography
- Largest
- Fastest
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Copper Fungicides Market Dynamics
Copper Fungicides Market Drivers
Rising Need for Sustainable Agriculture
- With increasing awareness about environmental sustainability, there is a growing demand for organic and sustainable farming practices. Organic copper fungicides, derived from natural sources, offer a viable alternative to conventional chemical-based fungicides, contributing to the adoption of sustainable agricultural methods.
Copper Fungicides Market Restraints
Volatility in Raw Material Prices
- The price volatility of raw materials used in the production of copper fungicides can impact the profitability of manufacturers and the overall pricing of the products. Fluctuations in copper prices, for example, can influence the cost of manufacturing copper-based fungicides.
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Copper Fungicides Market Competitive Landscape
The competitive landscape of the global copper fungicides market is characterized by the presence of several key players striving to gain a competitive edge. These companies engage in various strategies such as product development, partnerships, acquisitions, and expansions to expand their market share. These companies focus on research and development activities to introduce innovative copper fungicide formulations with improved efficacy and reduced environmental impact. Additionally, strategic collaborations with agricultural research institutes and universities further strengthen their product portfolios. With the increasing demand for sustainable agriculture practices, companies are also investing in organic copper fungicides to cater to the growing market segment.
Copper Fungicides Market Top Player’s Company Profiles
- Nufarm Limited (Australia)
- Isagro S.p.A. (Italy)
- BASF SE (Germany)
- Corteva Agriscience (United States)
- Sumitomo Chemical Co., Ltd. (Japan)
- ADAMA Ltd. (Israel)
- FMC Corporation (United States)
- Arysta LifeScience (United States)
- Certis USA LLC (United States)
- Albaugh, LLC (United States)
- Sipcam-Oxon Group (Italy)
- Bioworks Inc. (United States)
- Marrone Bio Innovations (United States)
- Valent Biosciences LLC (United States)
- UPL Europe Ltd. (United Kingdom)
- Helm Agro US, Inc. (United States)
- Taminco BVBA (Belgium)
Copper Fungicides Market Recent Developments
- In September 2021, Best Agrolife Limited made an announcement regarding its acquisition of Best Crop Science Pvt. Ltd. This strategic acquisition is expected to create significant synergies within the company. Best Crop Science Pvt. Ltd. is known for its production of three essential active ingredients - Pyriproxyfen, Dinotefuran, and Diafenthiuron. These active ingredients play a crucial role in the composition of a patented formulation. The acquisition of Best Crop Science Pvt. Ltd. will enable Best Agrolife Limited to leverage their expertise in producing these active ingredients, further enhancing their product portfolio and strengthening their position in the market.
Copper Fungicides Key Market Trends
- One key market trend in the global copper fungicides market is the increasing adoption of sustainable agricultural practices. There is a growing emphasis on environmentally friendly and sustainable farming methods, driven by factors such as consumer demand for organic produce, regulatory pressure, and the need to preserve soil and water quality. As a result, farmers and growers are seeking alternatives to conventional chemical-based fungicides, leading to a rise in the demand for organic copper fungicides. These organic formulations are derived from natural sources and offer effective disease control while minimizing environmental impact. The market trend towards sustainable agriculture is expected to drive the growth of organic copper fungicides and influence product development strategies among key players in the industry.
Copper Fungicides Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Deployment mode team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, The global copper fungicides market is poised for robust growth in the foreseeable future. The competitive landscape is expected to witness intense competition as players vie for market dominance by providing effective solutions for crop disease management, expanding their geographical presence, and establishing strong distribution networks. It's important to note that market dynamics can change over time due to various factors such as technological advancements, shifts in consumer preferences, regulatory changes, and the emergence of new diseases. Therefore, it's advisable to refer to the most recent market reports and consult industry experts for the latest insights into the global copper fungicides market .
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 302.76 million |
| Market size value in 2031 | USD 477.79 million |
| Growth Rate | 5.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Copper Fungicides Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Copper Fungicides Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Copper Fungicides Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Copper Fungicides Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Copper Fungicides Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Copper Fungicides Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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