The latest Copper Fungicides Market research report offers a thorough analysis of growth opportunities and development trends until 2030. Using qualitative and quantitative research, it explores market drivers and challenges, providing valuable insights for businesses to make informed decisions and identify growth areas.
Global Copper Fungicides Market is valued at approximately USD 302.8 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2022-2029.
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Copper Fungicides are substances used for preventing fungal diseases present in plants. Some of the commonly used fungicides are copper hydroxide, copper sulfate, cuprous oxide, and copper octanoate. Copper Fungicides cure several fungal and bacterial diseases in plants such as black spots, rust, powdery mildew, and more. Farmers of fruits, vegetables, and field crops employ copper-based fungicides to guard against a variety of plant diseases. Copper fungicides can be used in all types of plants if used as per the given directions. Copper ions present in copper fungicides destroy proteins and enzymes in the cells of pathogens even before they infect the plants. Rising fungal species, rising demand for strong fungal resistance in plants, increasing demand for food globally, increasing demand in developing countries, and increasing pests and diseases in plants are the factors driving the growth of the market.
According to Frontiers Organization, it is estimated that plant diseases annually cause losses of between 10% and 15% of the major crops, out of which 70-80% of diseases are the result of pathogenic fungi. Recently it is seen that fungal diseases have affected crops terribly and have increased the demand for copper fungicides. Additionally, according to the United Nation organization, In mid-November 2022, there were 8.0 billion people around the world, up from an estimated 2.5 billion in 1950. Increasing population worldwide results in an increasing demand for food, which results in an increasing demand for copper fungicides to protect food crops. For Instance, by 2030, it is estimated that world cereal demand will be around 10,094 million tons. Rising fungal species and increasing demand for food are the major factors driving the growth of the market. Other important components driving market increase are rising demand for strong fungal resistance in plants, increasing demand in developing countries, and increasing pests and diseases in plants. Furthermore, an increase in research and development of the product and an increasing need for soil replenishment are the factors creating major market opportunities. However, the risk of soil contamination stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Copper Fungicides Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the dominance of key market players, large crop production, easy access to raw materials, and the region’s increasing fungal disease prevalence in plants. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising urbanization and crop production, an increase in the number of investments for sustainable technology, expansion of emerging economies in agricultural trade, increasing pathogen diseases in plants and increasing support of the government in investment, research, and development.
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Major market players included in this report are:
UPL Limited
Albaugh, LLC
Nufarm Limited.
Certis USA L.L.C.
Bayer AG
Isagro S.p.A.
Nordox AS
ADAMA Agricultural Solutions Ltd.
Quimetal Industrial Sa
Cosaco GmbH
Recent Developments in the Market:
In June 2021, FMC corporation launched fluindapyr fungicides, which focuses on Specialty crops such as lettuce, spinach, grapes, wine grapes, strawberries, onions, carrots, and tomatoes. Fluindapyr offers broad-spectrum action against a variety of damaging diseases in turf, row, and specialty crops.
In March 2020, BASF launched Sercadis Plus, an innovative fungicide for apple growers to increase their crop productivity and a new spray solution helps farmers to protect crops against several diseases.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below.
By Chemistry Copper Oxychloride
Copper Hydroxide
Cuprous Oxide
Copper Sulphate
Others
By Application
Fruits & Vegetables
Cereals & Grains
Oilseeds & Pulses
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Some Questions Answered in the Copper Fungicides Market Report:
- What is the projected size of the global Copper Fungicides market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Copper Fungicides industry?
- What are the major market trends that are affecting the expansion of the Copper Fungicides market?
- What obstacles must be overcome in order to achieve sustained growth in the Copper Fungicides market?
- What opportunities and threats do vendors in the global Copper Fungicides market face?
- What are the raw materials and manufacturing equipment used in the production of Copper Fungicides, and what is the manufacturing process?
- What are the different types and applications of Copper Fungicides, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Copper Fungicides market?
- What factors are driving the growth of the Copper Fungicides market in the top regions worldwide?
- Who are the major players in the global Copper Fungicides market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Copper Fungicides market?
- What are the main findings of a five forces analysis of the global Copper Fungicides market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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