Copper Fungicides Market has been registering notable growth over the last few years and is projected to reach USD 5.82 Billion by 2030 at a CAGR of 6.40%. Copper fungicides are inorganic fungicides that contain copper. They are plant protection chemicals that are used to prevent fungal infections in crops. The growth of the copper fungicides market can be attributed to the increasing adoption of organic farming and rising prevalence of fungal diseases. The practice of organic farming has increased over the last decade owing to the growing demand for organic food products and awareness regarding the negative impact of chemicals on human health and the environment. With the rising adoption of organic farming, the demand for organic inputs is also growing. Copper fungicides are used widely in organic farming. These fungicides are allowed in recommended doses to control crop losses in organic farming, leaving negligible to no chemical residue. Thus, the rising adoption of organic farming is expected to drive the demand for copper fungicides during the forecast period.
The growth of the copper fungicides market is driven by the rising prevalence of fungal diseases and growing adoption of organic farming. Fungal diseases are one of the key biotic stresses faced by the agricultural industry globally. The changing climatic conditions and growing resistance of pests have increased the prevalence of fungal infections such as powdery mildew, Septoria leaf spot, and Anthracnose in crops. Several high-value crops such as banana, coffee, cacao, spices, mangoes, and nuts are affected by fungal infections. These incidences have seen a rise, especially in tropical regions. The increasing prevalence has resulted in a rise in the demand for fungicides, thereby boosting the growth of the global copper fungicides industry.
However, the risks associated with phytotoxicity are expected to hamper market growth. Market players are expected to witness lucrative opportunities in the market in the coming years due to a rising focus on product innovation.
Global Copper Fungicides Market Share (%), by Type, 2030
Sources: MRFR Analysis
The global copper fungicides industry has been segmented by type, application, and region.
By type, the global market has been categorized as inorganic copper fungicides and organic copper fungicides. The inorganic copper fungicides segment is expected to account for a larger revenue share, registering a substantial CAGR to reach USD 883.83 million by the end of 2030. Based on application, the market has segregated into fruits & vegetables, cereals & grains, pulses & oilseeds, and others. In 2021, the fruits & vegetables segment accounted for the largest share and is expected to register a CAGR of 6.40% during the forecast period.
The prominent players in the global copper fungicides industry are UPL Limited (India), Bayer AG (Germany), Mitsui & Co., Ltd. (Japan), Jiangxi Heyi Chemicals Co., Ltd. (China), Synthos AGRO Sp. z o.o. (Sweden), Industrias Químicas del Vallés SA (IQV) (Spain), Albaugh (US), Nufarm (Australia), Isagro (Italy), and ADAMA Agricultural Solutions Ltd (Israel).
Global Copper Fungicides Market Share (%), by Region, 2021
Sources: MRFR Analysis
By region, the global copper fungicides industry has been segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The European copper fungicides industry accounted for the largest revenue share, both in terms of value and volume, in 2021. Europe is the largest producer and consumer of copper fungicides. Spain, Italy, and France were the key contributors to the growth of the European copper fungicides industry in 2021.
However, the Asia-Pacific copper fungicides industry is expected to be highly lucrative for manufacturers during the forecast period and is expected to register a growth rate of 5.37%. China and India are major producers of fruits, vegetables, and cereals worldwide, which is contributing to the growth of the copper fungicides industry in Asia-Pacific. According to FAO 2021, China accounted for 39% of the world’s fruit and vegetable production, followed by India with 10%.
Global Copper Fungicides Market, by Type
Global Copper Fungicides Market, by Application
Global Copper Fungicides Market, by Region
Available Additional Customizations
|Market Size||USD 5.82 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, By Application, and By Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||UPL Limited (India), Bayer AG (Germany), Albaugh (US), Nufarm (Australia), Isagro (Italy), ADAMA Agricultural Solutions Ltd (Israel), Synthos AGRO Sp z o.o. (Sweden), Industrias Químicas del Vallés SA (IQV) (Spain)|
|Key Market Opportunities||Growing adoption of organic farming|
|Key Market Drivers||Rising prevalence of fungal diseases|
Copper fungicides market is projected to grow at a 6.40% CAGR between 2022-2030.
Europe is expected to dominate the copper fungicides market.
The copper fungicides market is predicted to touch USD 5.82 Billion by 2030.
Fruits and vegetables will lead the copper fungicides market.
Risks related to phytotoxicity may limit the copper fungicides market growth.