USD 325.8 million
Copper Oxychloride Market Size, Share, Growth Analysis, By Application(Fungicide, Colorant & Pigments, Commercial Feed Supplements, and Others), By Industry Vertical(Chemical, Agriculture, Paints, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2381 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
65
|Figures:
83
Copper Oxychloride Market Insights
Global Copper Oxychloride Market size was valued at USD 325.8 million in 2022 and is poised to grow from USD 341.11 million in 2023 to USD 492.57 million by 2031, growing at a CAGR of 4.7% in the forecast period (2024-2031).
The global copper oxychloride market is a thriving sector within the agrochemical and chemical industries. Copper oxychloride, a compound of copper, oxygen, and chlorine, is primarily used as a fungicide and bactericide in agriculture to protect crops from fungal and bacterial diseases. The market's growth is attributed to its widespread application in diverse crops, including fruits, vegetables, cereals, and ornamental plants. The increasing need for higher agricultural productivity to meet the demands of a growing global population drives the demand for effective disease control measures, thereby boosting the market. Factors such as changing climatic conditions, which often favor the spread of plant diseases, and the growing awareness about sustainable farming practices contribute to the market's expansion.
Copper oxychloride's effectiveness, relatively low toxicity to humans and animals when used correctly, and its compatibility with other chemicals further drive its adoption. Moreover, as consumers exhibit a preference for residue-free produce, farmers are inclined towards using copper oxychloride due to its shorter pre-harvest interval compared to other chemicals. However, environmental concerns related to copper accumulation in soil and water, as well as its potential impact on non-target organisms, remain challenges. Regulatory bodies are imposing restrictions on copper oxychloride usage, leading to a shift towards more eco-friendly alternatives and integrated disease management practices.
US Copper Oxychloride Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Fungicide
Fastest Growth
Fungicide
Growth Rate
4.7% CAGR
Global Copper Oxychloride Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Copper Oxychloride Market Segmental Analysis
The global copper oxychloride market is segmented on the basis of Application, Industry Vertical, and region. By Application, the market is segmented into Fungicide, Colorant & Pigments, Commercial Feed Supplements, and Others. By Industry Vertical, the market is segmented into Chemical, Agriculture, Paints, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Copper Oxychloride Market Analysis By Application
In the global copper oxychloride market, the dominant segment is likely to be Fungicide. Copper oxychloride is commonly used as a fungicide in agriculture to control various fungal diseases in crops. Its effectiveness, relatively low cost, and wide applicability contribute to its dominance in the market.
On the other hand, the fastest-growing segment is expected to be Colorant & Pigments. Copper oxychloride is also used as a colorant and pigment in industries such as ceramics, glass, and paints. Its unique green color makes it suitable for these applications. As these industries continue to grow and demand for specialized pigments and colorants rises, the use of copper oxychloride in this segment is anticipated to experience rapid expansion. This growth is driven by the need for vibrant and durable color solutions in various products and applications.
Copper Oxychloride Market Analysis By Industry Vertical
In the global copper oxychloride market, the dominant segment is likely to be Agriculture. Copper oxychloride is widely used in agriculture as a fungicide and bactericide to protect crops from various diseases and infections. It is effective in controlling fungal infections in crops, particularly on fruits, vegetables, and ornamental plants. The agricultural sector's consistent need for disease management and the growing emphasis on sustainable farming practices contribute to the dominance of this segment.On the other hand, the fastest-growing segment is expected to be Paints. Copper oxychloride is used in the paints and coatings industry as a pigment and a component to enhance corrosion resistance. The demand for copper-based pigments in paints, coatings, and construction materials is driven by factors like urbanization, infrastructure development, and increasing construction activities. Moreover, the antimicrobial properties of copper compounds, including copper oxychloride, have led to their incorporation in paints used in healthcare facilities and areas where hygiene is crucial, further fueling the growth of this segment.
Global Copper Oxychloride Market By Application
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Copper Oxychloride Market Regional Insights
The global copper oxychloride market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The dominant region in the global copper oxychloride market is Asia-Pacific. This region is a major consumer of copper oxychloride due to its significant agricultural activities, particularly in countries like China and India. Copper oxychloride is widely used as a fungicide and bactericide in agriculture to control various diseases in crops, contributing to its high demand in the region.
On the other hand, the fastest growing region in the global copper oxychloride market is Latin America. This growth is attributed to the expanding agriculture sector, increased adoption of modern agricultural practices, and rising awareness about crop protection. Countries like Brazil and Argentina are witnessing a surge in demand for copper oxychloride as farmers seek effective solutions to combat crop diseases and enhance yields. The favorable climate conditions for agriculture in this region also contribute to the increasing adoption of copper oxychloride-based products.
Global Copper Oxychloride Market By Geography
- Largest
- Fastest
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Copper Oxychloride Market Dynamics
Copper Oxychloride Market Drivers
Agricultural Demand:
- Copper oxychloride is widely used as a fungicide and bactericide in agriculture to protect crops from various diseases. As global food demand rises, there is a growing need for effective crop protection solutions, driving the demand for copper oxychloride in the agricultural sector.
Increasing Pest and Disease Pressure:
- With changing climatic conditions and the globalization of trade, the prevalence of pests and diseases affecting crops has been increasing. Copper oxychloride's effectiveness against a range of plant diseases makes it a preferred choice for farmers, contributing to its market growth.
Copper Oxychloride Market Restraints
Environmental Concerns:
- Copper oxychloride is a copper-based compound, and its excessive or improper use can lead to soil and water contamination, impacting ecosystems and aquatic life. Regulatory authorities and environmental organizations are imposing stricter regulations on its use, which can limit its market growth.
Health Concerns:
- Prolonged exposure to copper compounds like copper oxychloride can have negative health effects on humans, including skin and respiratory irritation. As awareness about health risks increases, both users and consumers are seeking safer alternatives, potentially hampering the market growth.
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Copper Oxychloride Market Competitive Landscape
The global copper oxychloride market's competitive landscape is characterized by the presence of several key players striving to expand their market share. Companies like Albaugh, LLC, IQV, Biota Agro Solutions Private Limited, Syngenta, and Greenriver Industry Co., Ltd. are prominent in the market. These players focus on product innovation, research and development, and strategic collaborations to enhance their product portfolios and cater to a wide range of agricultural and industrial applications. They emphasize sustainable and eco-friendly formulations to meet stringent environmental regulations. Regional expansion, distribution networks, and partnerships with distributors are commonly adopted strategies to penetrate diverse markets. Moreover, these players actively engage in marketing initiatives and customer education to highlight the benefits of copper oxychloride-based solutions. The market's competitiveness is driven by the growing demand for effective agrochemicals and the increasing need for disease and pest management in agriculture, along with the expanding scope of copper oxychloride in other sectors.
Copper Oxychloride Market Top Player’s Company Profile
- Killicks Pharma (India)
- Syngenta AG (Switzerland)
- Albaugh Europe S.A. (Luxembourg)
- Isagro S.p.A. (Italy)
- Alfa Chem China (China)
- Manica S.p.A. (Italy)
- Spiess-Urania Chemicals GmbH (Germany)
- Vimal Crop Care Pvt. Ltd. (India)
- Greenriver Industry Co., Ltd. (China)
- Hebei Jiheng Chemical Co., Ltd. (China)
- Tianjin Elong Co., Ltd. (China)
- Star Oxochem Pvt. Ltd. (India)
- GSP Crop Science Private Limited (India)
- KBI Kunj Chemicals (India)
- Groupe Roullier (France)
- Parikh Enterprises Private Limited (India)
- Green Agri Solution (India)
- Greenchem Biotech (India)
- Manica Fertilisantes (France)
- Avon Organics Limited (India)
- Bhaskar Agrochemicals Ltd. (India)
- Reflex Chemicals (China)
Copper Oxychloride Market Recent
- In July 2023, Isagro announced the launch of its new copper oxychloride fungicide, CuProtect. CuProtect is a water-soluble formulation of copper oxychloride that is designed for use in crops such as grapes, apples, and tomatoes.
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In March 2023, the Indian Oil Corporation Limited (IOC) launched Rubber Spray Oil in small packs weighing 26 kg. The Elastic Board delivered these packs during a meeting held at the Rubber Research Institute of India in Kottayam.
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In November 2023, Punjab Agricultural University (PAU) experts cautioned farmers about the danger of late blight disease in potato crops.
Copper Oxychloride Key Market Trends
- Rising Demand for Sustainable Agriculture Solutions: The global agriculture industry is increasingly adopting sustainable farming practices to minimize environmental impact. Copper oxychloride, a widely used fungicide and bactericide, is gaining traction in the agricultural sector due to its effectiveness in controlling various plant diseases. As farmers seek alternatives to traditional chemical pesticides, copper oxychloride offers a more environmentally friendly option. The trend toward organic and integrated pest management practices is driving the demand for copper oxychloride-based products to protect crops while adhering to sustainable agriculture principles.
- Growing Focus on Disease Management in Horticulture and Viticulture: Horticulture and viticulture industries are experiencing a surge in demand due to increasing consumption of fruits, vegetables, and wines. These industries heavily rely on disease management to ensure high-quality yields. Copper oxychloride's role in preventing diseases like downy mildew, blights, and leaf spots in crops such as grapes, fruits, and vegetables is becoming increasingly significant. As these industries expand globally, the need for effective disease control measures using copper oxychloride is expected to drive its market growth, particularly in regions with a strong focus on horticulture and viticulture.
Copper Oxychloride Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global copper oxychloride market analysis, the market is experiencing steady growth due to its wide applications in agriculture, fungicides, and various industrial sectors. Copper oxychloride is primarily used as a fungicide in agriculture to control fungal diseases in crops. As the demand for high-quality and disease-resistant crops increases, the need for effective agricultural chemicals like copper oxychloride rises. Additionally, the compound finds use in industries such as textiles, ceramics, and pigment production, contributing to its market growth. However, concerns over its potential environmental impact and regulatory scrutiny could impact its adoption. Manufacturers are focusing on developing eco-friendly formulations and efficient application methods to address these concerns. As agriculture remains a crucial sector globally and sustainable crop protection gains prominence, the copper oxychloride market is poised for sustained demand, provided environmental and regulatory challenges are managed effectively.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 325.8 million |
| Market size value in 2031 | USD 492.57 million |
| Growth Rate | 4.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| 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 |
Copper Oxychloride Market Recent
|
| 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 Oxychloride 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 Oxychloride 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 Oxychloride 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 Oxychloride 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 Oxychloride Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Copper Oxychloride 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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