Copper Fungicides Market Demand Report 2021 – Rapid Growth, Application Scope And Opportunities By 2027

Market Highlights

The Global Copper Fungicides Market is estimated to be valued at USD 1,089.03 Million by 2024 and is expected to register a CAGR of 4.80% during the forecast period. Copper fungicides are pesticides that contain inorganic copper mineral and are used to prevent fungal diseases in crops. The use of copper fungicides in farming is highly regulated and restricted, with several countries across the globe following the standards set by the EU. Copper fungicides are allowed in organic farming within certain limits owing to concerns of copper build-up in the soil from prolonged use. In Scandinavia and the Netherlands, copper fungicides are forbidden in both organic and conventional farming, while in Germany and Switzerland they are allowed in lower amounts than those permitted by the EU regulations, i.e., 3–4 kg per hectare per year.  

Copper fungicides are widely used in both organic and conventional farming. They are usually applied in fixed form, which lowers the water solubility. However, copper can accumulate on plant tissue when there is a lack of rain and the fungicide is sprayed repeatedly to cover new growth. In such situations, post rainfall, large amounts of copper ions may be released, leading to phytotoxicity. The solubility of copper increases with acidic pH. If the water used for spraying is acidic, it increases the solubility of the copper fungicides, thus, releasing more copper ions and leading to phytotoxicity. It is, therefore, imperative to apply copper fungicides with caution so as to not adversely affect the crops. The reluctance of farmers to use these fungicides often is expected to restrain the growth of the market to an extent.

Europe was the largest market for copper fungicides in 2018 and the regional market is expected to maintain its dominance during the forecast period. North America held a notable market share in 2018 and is expected to register an impressive growth rate of 5.18% during the forecast period. However, the Asia-Pacific market is projected to register the highest CAGR of 5.37% during the forecast period of 2019 to 2024. The rising adoption of organic farming and increasing production of fruits and vegetables in the region are driving the growth of the regional market.  

Market Players

Market Research Future recognizes Mitsui & Co., Ltd. (Japan), ADAMA Agricultural Solutions Ltd (Israel), Nufarm (Australia), Jiangxi Heyi Chemicals Co., Ltd. (China), Industrias Químicas del Vallés SA (IQV) (Spain), Albaugh (US), UPL Limited (India), Bayer AG (Germany), Synthos AGRO Sp. z o.o. (Sweden), and Isagro (Italy) as the key players active in the global copper fungicides market.

Segmental Analysis

The global copper fungicides market has been segmented on the basis of type, application, and region.

By type, the market has been divided into inorganic copper fungicides and organic copper fungicides. The inorganic copper fungicides segment accounted for the larger market share in 2018. The advantages of inorganic copper fungicides include high efficacy and low price. Some of the inorganic copper fungicides are Bordeaux mixture, cuprous oxide, copper hydroxide, and copper oxychloride. However, the organic copper fungicides segment is expected to register the highest growth rate during the forecast period due to the advantages such as high efficacy, enhanced safety, and low toxicity.

Based on application, the global copper fungicides market has been classified as fruits & vegetables, cereals & grains, pulses & oilseeds, and others. The fruits & vegetables segment accounted for the largest market share in 2018 and is expected to register the highest growth rate during the forecast period. Various copper fungicides are applied to fruit and vegetable crops using the spraying method. Some of the diseases in fruit trees such as peach leaf curl, brown rot, rust disease, and fire blight are treated with copper fungicides.

Regional Analysis

Geographically, the global copper fungicides market has been segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. As per MRFR analysis, Europe dominated the market, accounting for the largest share of 35.39% in 2018. However, the market in Asia-Pacific is expected to register the highest CAGR of 5.37% during the assessment period.

Key Findings of the Study:

·         The global copper fungicides market is expected to register a growth rate of 80%, in terms of value, during the period of 2019 to 2024. The increasing incidences of fungal infection on crops is projected to propel the growth of the global copper fungicides market.

·         The inorganic copper fungicides segment is estimated to maintain its dominance during the forecast period of 2019 to 2024. The segment is expected to reach USD 833.83 million by the end of 2024.

·         On the basis of application, the fruits & vegetables segment is estimated to account for the largest market share during the forecast period and is projected to register a growth rate of 86% in terms of value.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013,

United States of America


Comments

Post a Comment

Popular posts from this blog

Car Air Purifier Market Size Insights Report 2021-2027 With Major Impacting Factors And Investment Study

Market Scope Market Research Future (MRFR) suggests in its new exhaustive study that the Car Air Purifier Market Size will touch USD 12,105.7 million by the end of 2027. Also, the market size is expected to soar at a rate of 7.58% from 2020 to 2027. Major Boosters and Restraints The deteriorating condition of the environment along with the surging toxicity levels has been favorable for car air purifiers, in terms of sales. The expanding private and public infrastructure, in line with soaring number of large-scale construction projects has had a negative impact on the environment, thereby raising the need for car air purifiers. Mounting air pollution and related concerns across China, India, the U.S., and U.K., would also boost the adoption rate of car air purifiers over the ensuing period.  Booming sales of luxury vehicles, particularly in developing countries in line with the rising purchasing power of consumers should also benefit the global industry. To this end, high ef...
Read more

Key Space Battery Market Players, Strategies and Resources to Grow Your Company, 2030

Market overview    Space batteries are used for space applications such as the launching of vehicles, crew return vehicles, equipment, landers, rovers, and on the International Space Station. The space batteries are used as the energy storage devices or as a secondary source of power. There are a number of space missions that demand the use of space batteries. The companies are working towards the growth of high-speed Internet across the world by deploying satellites.   The lithium-ion batteries that are present in the space batteries that are durable and reliable. There has been a rise in the number of space missions around the world with companies that are planning to launch thousands of satellites by the year 2030, that have been deployed in the end of 2021. The designing of small batteries and the various space applications are some of the challenges that are faced by the market players in the global space battery market .   The global space batte...
Read more

Shoe Care Products Market Players, Type, Dynamics, and Industry Analysis by 2030

Market Research Future Insights According to MRFR analysis, the global shoe care products market is expected to register a CAGR of 3.3% from 2023 to 2030 and hold a value of over USD 0.69 billion by 2030. The Shoe Care Products Market growth promises good investment returns to investors during the continuing forecast period. Nonstop developments and their regular need is leading the market operations towards upright growth during the forecast period. The arrival of e-commerce has further the chain of benefits as it is an easier mode that gives the target audience reliable visions and accurate access to products based on their preference and taste. wearing brands is measured as a luxury amongst many global regions. Since the pandemic was presented to the world, luxury brands were facing practical restrictions owing to the lockdown and unattainability of skilled labor that hindered the quality goals of the market. Also, a decay in the purchasing power of people resulted in a halt...
Read more