Copper Fungicides Market Size was valued at USD 4.0 Billion in 2023. The Copper Fungicides market industry is projected to grow from USD 4.256 Billion in 2024 to USD 6.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.64 % during the forecast period (2024 - 2032). The rising adoption of organic farming and the increasing prevalence of fungal diseases are the key market drivers boosting market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The market CAGR for copper fungicides is driven by the rising number of fungal diseases and the adoption of organic farming. The growing demand for organic food items and public awareness of the harmful effects of chemicals on the environment and human health have made organic farming a common practise during the past ten years. The need for organic inputs is rising along with the popularity of organic farming. The use of copper fungicides is common in organic farming, and they are permitted at specified quantities to prevent crop losses while leaving little to no chemical residue. Therefore, it is anticipated that throughout the projection period, increased adoption of organic farming would fuel demand for copper fungicides.
Additionally, organic plant growers are frequently dependent on copper fungicides as they are the only organic products having efficiency against plant diseases, such as downy mildew and late blight, which are currently approved for application on plants. As these diseases can affect crops, disease control provided by the use of copper fungicides is critical for both conventional and organic farming operations around the globe.
Further, copper fungicides are frequently used as the first line of defense, particularly by gardeners who prefer not to use chemical fungicides. Copper fungicides might be confusing to apply, but knowing when to use them is the way to success. One of the most important causes driving copper fungicide growth is rising food demand and diminishing land. The primary factor that affects the use of a copper fungicide is the raised demand for food cultivation. The majority of copper fungicide products going off-patent would unleash a great opportunity. The adoption of organic farming and the practice of using fungal protection for crops can drive market growth. Awareness regarding the impact of chemicals and environmental regulations restricting their use on crops is likely to bolster market demand. Over the past 10 years, organic farming has become a widespread activity due to the rising demand for organic food products and public awareness of the detrimental effects of chemicals on the environment and human health. As organic farming becomes more popular, so does the need for organic inputs. In order to reduce crop losses and leave little to no chemical residue, copper fungicides are frequently used in organic farming and are allowed in certain amounts. The rising use of organic farming is therefore expected to raise demand for copper fungicides during the course of the projected period.Consequently, it is anticipated that throughout the projection period, demand for Copper Fungicides will increase. Thus, driving the Copper Fungicides market revenue.
The Copper Fungicides Market segmentation, based on type, includes inorganic copper fungicides and organic copper fungicides. The inorganic copper fungicides segment dominated the market, having recorded the largest market share. This is because these products are used to control fungal and bacterial diseases in vegetables, roses, fruits, nuts, herbs, ornamentals, and turf. It is the most traditional and effective type of copper fungicide. It binds with the proteins in fungi and algae, eventually killing them. It is also used to overcome copper deficiency by foliar spraying of diluted copper sulfate.
However, organic agriculture has grown in popularity over the last decade due to the rising demand for organic foods and increased knowledge of the harmful impact of chemicals on health and the environment.
Figure 1: Copper Fungicides Market, by Type 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Copper Fungicides Market segmentation, based on application, includes fruits & vegetables, cereals & grains, pulses & oilseeds, and others. The fruits & vegetables segment generated the most income, which is owing to the rising health consciousness among consumers over and around the globe, which, in turn, improves the demand for fresh fruits and vegetables due to their nutritional value.
Further, the pulses & oilseeds segment is anticipated to witness the fastest growth during the study period. These include a variety of seeds like sunflower, pulses or soybean, etc.
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Copper Fungicides market area will dominate this market, owing to limited availability of arable land, higher demand for food grains, elevating exports, growth in horticulture and floriculture, and increase in public awareness regarding pesticides and biopesticides that will boost the market growth in this region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: COPPER FUNGICIDES MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Copper Fungicides market accounts for the second-largest market share owing to the easy and enough 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. Further, the German Copper Fungicides market held the largest market share, and the UK Copper Fungicides market was the fastest-growing market in the European region.
The Asia-Pacific Copper Fungicides Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the production of crops such as rice, wheat, and cotton, which have emerged as global export hubs for rice, wheat, and cotton. Moreover, China’s Copper Fungicides market held the largest market share, and the Indian Copper Fungicides market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Copper Fungicides market grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Copper Fungicides industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Copper Fungicides industry to benefit clients and increase the market sector. In recent years, the Copper Fungicides industry has offered some of the most significant advantages to medicine. Major players in the Copper Fungicides market, including 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), and others are attempting to increase market demand by investing in research and development operations.
On August 1, 1863, dye salesman Friedrich Bayer and master dyer Johann Friedrich Weskott founded the general partnership "Friedr. Bayer et comp.," and the company enjoyed rapid growth. This company is engaged in the development, manufacturing, discovery, and commercialization of products for human health and agriculture. It provides medicines for cardiovascular diseases, women's health, cancer, ophthalmology, hematology, and other indications. It also struggles to develop new molecules and technologies for use in the fields of modern agriculture and medicine. The company's product portfolio includes prescription products, specialty pharmaceuticals, diagnostic imaging equipment, non-prescription (over-the-counter or OTC) products, seeds, crop protection solutions, and non-agricultural pest control solutions. In 2020, Bayer acquired Asklepios BioPharmaceutical (AskBio) and introduced a new platform for cell and gene therapy.
Synthos Agro Sp. z o.o. was incorporated on July 10, 2010. The company produces and supplies synthetic rubbers, styrene plastics, plant protection products, and dispersions and latexes to companies around the world. They operate globally and have production units in Poland, the Czech Republic, the Netherlands, Germany, and France. In 2021, the company acquired rubber pants in Schkopau, Germany. Synthos rounds out its product portfolio with technologically advanced styrene-butadiene rubbers and becomes the world’s no. 2 rubber producer.
Copper Fungicides Industry Developments
September 2021 Best Agrolife Limited announces acquisition of Best Crop Science Pvt. Ltd. This acquisition is going to play a very synergistic role as Best Crop Science Pvt. Ltd. produces all three Active Ingredients - Pyriproxyfen, Dinotefuran & Diafenthiuron which are there in the composition of this patented formulation.
May 2021 ADAMA Ltd. and Jiangsu Huifeng Bio Agriculture Co., Ltd reported that they had finished the second and last phase of their previously announced transaction. In this time period, ADAMA had closed the acquisition of a 51% stake in Huifeng's key crop protection synthesis and formulation facilities.
Copper Fungicides Type Outlook
Copper Fungicides Application Outlook
Copper Fungicides Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 4.0 Billion |
| Market Size 2024 | USD 4.256 Billion |
| Market Size 2032 | USD 6.6 Billion |
| Compound Annual Growth Rate (CAGR) | 5.64% (2024-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Bayer AG (Germany), Mitsui & Co., Ltd. (Japan), Jiangxi Heyi Chemicals Co., Ltd. (China), Synthos AGRO Sp. z o.o. (Sweden), Industrias QuÃmicas Del Vallés SA (IQV) (Spain), Albaugh (US), Nufarm (Australia), Isagro (Italy), ADAMA Agricultural Solutions Ltd (Israel) |
| Key Market Opportunities | Product and innovation |
| Key Market Dynamics | Increasing prevalence of fungal diseases.  Rising need to reduce crop loses Adoption of organic farming . |
Copper Fungicides Market Highlights:
Frequently Asked Questions (FAQ) :
The Copper Fungicides Market size was valued at USD 3.8 Billion in 2022.
The global market is projected to grow at a CAGR of 5.64% during the forecast period, 2024-2032.
North America had the largest share of the global market
The key players in the market are Bayer AG (Germany), Mitsui & Co., Ltd. (Japan), Jiangxi Heyi Chemicals Co., Ltd. (China), and Synthos AGRO Sp. z o.o. (Sweden), Industrias Químicas Del Vallés SA (IQV) (Spain), Albaugh (US).
The Inorganic copper fungicides category dominated the market in 2022.
The fruits & vegetables segment had the largest share of the global market.
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
