Copper Fungicides Market Size, Value Share, Global Demand, Key Players Review by Forecast to 2024

15/nov/2019 12:46:56 suraj taur Contatta l'autore

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Market Highlights

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. 

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)
  • Isagro (Italy)

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.

Segmental Analysis

The global copper fungicides market has been segmented based on 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.

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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.

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