Copper Fungicides Market Size, Share, Growth and Industry Analysis by Type (Inorganic Copper Fungicides, And, Organic Copper Fungicides) By Application (Grains, Fruits, And, Vegetables) Regional Forecast to 2027

Updated On: 13 March 2023

REPORT OVERVIEW

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The global copper fungicides market size is anticipated to be worth USD 780.95 million in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 1053.94 million by 2027 with a CAGR of 5.12 % during the forecast period. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Copper pesticides and fungicides are compounds that are made up of copper and are used as fungicides, bactericides, and algaecides. With the help of these chemical compound different micro-organisms that are harmful can be killed.

With the increasing prevalence of fungal infections, the demand for copper fungicide has also increased considerably. In order to prevent any such infections farmers have chosen this copper fungicide. This is considered as the latest development in the market.

Organic farming has become highly popular in today’s scenario. Continuous export and import of food items, and dramatic change in climatic conditions can cause severe diseases in plants and crops. This has resulted in high usage of the fungicides. These act as the factors driving the copper fungicides market growth.

COVID-19 impact: Disruption in Agriculture Sector Reduced Market Growth

The pandemic of COVID-19 became a major obstruction in the working of all industries and market. Due to strict lockdowns and social distancing norms industries and factories were not allowed to work at their full capacity. The same problem was faced by the agriculture sector.

Agriculture sector is a labor-intensive sector and requires skilled laborers to function properly. During the pandemic people were not available easily. This became a major problem to most of the industries. With a disruption in the production of crops, usage of copper fungicides also experienced a decline during the pandemic.

LATEST TRENDS

"Growing Prevalence of Fungal Infections in Crops to Increase Market Growth"

Crops must be monitored properly and in regular intervals to avoid any kind of infections and diseases. Such diseases can lead to the destruction of crops. Hence farmers use pesticides and fungicides to avoid any such infections.

One such common problem that can be observed in plants, and crops is fungal infections. With the increasing prevalence of fungal infections, the demand for copper fungicide has also increased considerably. Copper fungicides are inorganic fungicides with copper content in them. They are very helpful in saving crops from any kind of such diseases. They are also considered to be very for plant protection. This can be considered as the latest trend in the market.

SEGMENTATION

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• By Type:

The market can be divided on the basis of type into the following segments:

Inorganic copper fungicides, and, organic copper fungicides. The inorganic copper segment is anticipated to dominate the market during the forecast period.

• By Application:

Classification based on application into the following segment:

Grains, fruits, and, vegetables. The grains segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"Rising Popularity of Organic Farming to Accelerate Market Growth"

People have slowly started to shift their preference from chemical intensive products to organic products. Organic food items have become the latest trend among consumers. The increase in popularity of these organic food products is due to the nutritional quality provided by them. They are free from all sorts of chemical and artificial substances.

With the rise in preference towards organic items farmers have started cultivating organic farming practice to match the likings of consumers. Copper fungicides are incorporated by farmers to grow crops and avoid any kind of fungal infections. With the usage of these fungicides in recommended doses, infections can be controlled very effectively. With increasing usage of copper containing fungicides in organic farming the market has seen a tremendous growth.

"Export and Import of Food Products to Propel Market Growth "

Continuous export and import of food items from one region to the other can lead to the emergence of several harmful organisms which can infect the food items. Changing climatic conditions, and exposure to harsh environment can result in various plant diseases. This has increased the need for novel ingredients that can actively destroy these insects.

Most of the farmers and cultivators prefer using copper fungicides as they organic in nature and have very less chemical content. Copper fungicides and chemicals are not only used in the agriculture sector. They are also used in wood and paint preservatives. With evolving export and import food systems, the demand for copper fungicides has also increased. All of these factors have contributed in the development of copper fungicides market share.

RESTRAINING FACTOR

"Accidental Killing of Plant Cells with the Usage of Copper Fungicide to Decrease Market Growth"

Even though copper fungicide is considered as organic, it may still contain some amount of chemical in it. This can result in toxicity which can be very dangerous to the plants. When this fungicide is sprayed on plants it mainly helps in killing the fungus or any other pathogen that is present there.

In the process of killing the present pathogens, copper fungicides can also cause the accidental killing of plant cells as they denaturize the enzymes as well as the critical proteins. Also, when the copper sulphate present in the fungicide come to the contact of the sprayer, it can cause severe eye irritation. All of these factors can become detrimental for the growth of the market.

Regional Insights

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"Europe to Dominate Market Share in Upcoming Years"

Europe is observed to occupy the largest market share in the copper fungicides industry. Europe has emerged out as the largest consumer of copper fungicide due to its growing agriculture sector. Several technological advancements have been witnessed in the agriculture industry.   

Apart from using fungicides, other copper containing products like bactericide, algaecide, and herbicides are also used. The large agricultural base of Europe has led to the high usage of these products. Numerous benefits of using copper fungicide has further increased the usage of this product in Europe.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• IQV Agro (Spain)
• Nufarm (Australia)
• Spiess-Urania Chemicals (Germany)
• ADAMA (Israel)
• Zhejiang Hisun (China)
• Synthos Agro (Poland)
• Isagro (Italy)
• UPL (India)
• Certis USA (U.S.)
• Bayer (Germany)
• Jiangxi Heyi (China)
• Albaugh (U.S.)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. The top industrial players along with the region that dominates the market has also been given for the readers to know.