The global copper fungicides market was valued at US$ 514.16 billion in 2023 and is projected to reach US$ 876.06 billion by 2032, growing at a CAGR of 6.1%%, during the forecast period from 2024 to 2032.
Copper fungicide is a specialized pesticide designed to manage and prevent fungal diseases in plants. It is commonly employed in agriculture, horticulture, and gardening to safeguard crops, trees, and ornamental plants against different fungal diseases. Copper fungicides have copper compounds as their main component, which are usually in the form of copper sulfate or copper oxychloride. Copper acts as a fungicide that can effectively manage various fungal diseases such as powdery mildew, downy mildew, leaf spots, blights, and rust due to its broad-spectrum nature. This adaptability makes it a useful instrument for controlling diseases in various crops and plants.
Factors Influencing Market Growth
- Copper fungicides aid farmers in reducing the heightened disease pressure related to climate change due to their wide-ranging effectiveness and long-lasting activity. Therefore, the increase in plant ailments leads to a higher need for copper fungicides driving the growth of the market.
- Increased agricultural activity and higher crop yields have led to a surge in the need for copper fungicides, creating new growth prospects for the worldwide market.
- Overusing copper fungicides can result in soil and water pollution, harming ecosystems and reducing biodiversity. Copper-based fungicides have the potential to negatively impact unintended organisms such as helpful insects and soil microorganisms and might restrict market growth.
COVID-19 Impact Analysis
Lockdowns and restrictions caused decreased activity in mining and manufacturing plants, impacting the production of copper fungicides. The pandemic increased interest in sustainable and resilient farming techniques, prompting some farmers to consider using copper fungicides as part of integrated pest management (IPM) approaches. The trend towards online sales and digital interaction is expected to persist, as more farmers turn to e-commerce platforms to buy agricultural supplies. The use of fungicides will be improved by technology through increased integration of digital tools for monitoring and managing crop health.
Regional Analysis
Europe emerged as the dominating region in 2023 and accounted for the maximum share 2of the overall revenue. The majority of key manufacturers are located in Europe owing to the easy and adequate availability of raw materials, such as copper sulfate, required for developing these chemicals. Some other copper-based chemicals produced in this region are copper oxychloride, copper hydroxide, and cuprous oxide. Germany is among the top 10 crop producers in the world. Sugar, wheat, grapes, vegetables, and fruits are among the major crops cultivated in the country that require pesticides due to their increased yields.
Leading Companies
- Albaugh, LLC
- Cinkarna Celje, d. d
- Quimetal Industrial S.A.
- Corteva
- IQV Matholding Group
- Certis USA L.L.C.
- Cosaco GmbH
- UPL
- Nufarm Limited
- Bayer AG
- Others
Segmentation Outline
The global copper fungicides market is segmented based on chemistry, application, and region
Segmentation Based on Chemistry
- Copper Oxychloride
- Copper Hydroxide
- Cuprous Oxide
- Copper Sulfate
- Others
Segmentation based on Application
- Fruits and Vegetables
- Cereals and Grains
- Oilseeds and Pulses
- Others
Segmentation based on Region
- North America?
o The U.S.
o Canada
- Europe?
o UK
o Germany
o France
o Italy
o Spain
o Netherlands
o Rest of Europe
- Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Singapore
o Rest Of Asia-Pacific
- LAMEA?
o Latin America
o Middle East
o Africa