Copper Fungicides Market Analytical Report 2023: Segments, Growth Opportunity, Demands, Regions, Size, Share and Developments by 2030

Copper Fungicides Market Research Future Insights

According to market research future insights analysis, the global copper fungicides market is expected to register a CAGR of 6.40% from 2022 to 2030 and hold a value of over USD 5.82 billion by 2030.

The market for copper fungicides is expanding, ascribed to the growing popularity of organic farming and the rise in fungi-related illnesses. Due to rising consumer demand for organic food items and increased public knowledge of the harmful effects of chemicals on both human health and the environment, organic farming has become more prevalent over the past ten years. The need for organic inputs is rising along with the popularity of organic farming. Fungicides made of copper are frequently employed in organic farming. These fungicides, which leave little to no chemical residue, are permitted at specified levels to control crop losses in organic farming. Therefore, increased adoption of organic farming has fueled demand for copper fungicides during the projection period.

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Regional Analysis

Europe dominated the market for copper fungicides in 2021. The majority of copper fungicides are produced and consumed in Europe. In 2021, Italy, Spain, and France were the main forces behind expanding the European copper fungicides market. One of the major causes driving the increased consumption of the product in the region is the rising demand for food security in European nations.

Asia Pacific was the fastest-growing region for copper fungicides. China and India are two of the world’s top fruits, vegetables, and grains producers, helping the Asia-Pacific copper fungicides market expand. China produced 39% of the world’s fruits and vegetables, followed by India with 10%, per FAO 2021. There is a significant need for crop care chemicals, such as fungicides and other pesticides.

Market Segmentation

The global copper fungicides market has been segmented into product type and application.

The market has been segmented based on product type into inorganic copper fungicides and organic copper fungicides. The inorganic copper fungicides segment had a prominent share in 2021. Chemicals called inorganic copper fungicides are used to stop or manage fungal growth in plants. These items are highly hazardous and, if improperly disposed of, can seriously harm human health and the environment. On the other hand, the organic copper fungicides segment was the fastest-growing segment during the forecast period. Fungicides made of organic copper are compounds used to stop or regulate fungus development in crops.

Based on application, the market is segmented into cereals & grains, fruits & vegetables, pulses & oilseeds, and others. Cereals & grains accounted had a prominent major in 2021 in the copper fungicides market. Applying the chemical in cereals and grains requires a thorough understanding of the many diseases to benefit farmers and the entire grains sector. Farmers can apply the right amount of fungicides to crops by accurately identifying the symptoms to stop the spread of infections. The greatest method for stopping fungal infections in grains is thought to be cultivar resistance understanding, which calls for continual monitoring of grains and cereals throughout all seasons.

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Key Players

Some of the key market players are IQV Matholding Group (Spain), Albaugh (North America), NORDOX (Norway), Nufarm (Australia), Zhejiang Hisun Chemical CO, LTD (China), Spiess, Urania Chemicals GmbH (Germany), Zhejiang Longwan Chemicals Co., Ltd. (China), UPL (India), Jiangxi Heyi Pesticide & Chemical Co. Ltd. (China), Bayer Crop Science (Thane), and Certis USA.

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