Report ID: SQMIG15E2381
Report ID:
SQMIG15E2381 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
65 |
Figures:
83
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.
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Report ID: SQMIG15E2381