“Global Copper Fungicides Market to reach a market value of USD 672.33 Million by 2031 growing at a CAGR of 5.5%”
The Global Copper Fungicides Market size is expected to reach $672.33 million by 2031, rising at a market growth of 5.5% CAGR during the forecast period. In the year 2023, the market attained a volume of 86,308.0 tonnes, experiencing a growth of 18.5% (2020-2023).
Government initiatives supporting sustainable agriculture and ensuring food security have accelerated the adoption of copper fungicides across Asia. Countries like China and India, among the largest producers of fruits, vegetables, and cereals, represent major copper fungicides markets. Thus, the Asia Pacific segment garnered 30% revenue share in the market in 2023. In terms of volume, 41,500.9 tonnes of copper fungicides are expected to be utilized in this region by the year 2031. The rising implementation of contemporary agricultural practices, coupled with an enhanced awareness of crop protection solutions, has significantly contributed to the expansion of the market within the region.
The increasing global focus on sustainable agriculture and health-oriented consumer preferences has markedly propelled the demand for organic farming practices. As an integral component of organic agriculture, copper fungicides play a pivotal role in protecting crops against fungal and bacterial diseases without compromising the principles of organic farming. One prominent example is the use of copper fungicides in producing organic grapes for winemaking in Europe, particularly in countries like France and Italy, where vineyards are highly susceptible to diseases like downy mildew. Copper-based solutions, such as Bordeaux mixture (a combination of copper sulfate and lime), have been a staple in maintaining the health of organic vineyards while adhering to stringent EU regulations on organic farming. Additionally, the growing awareness of crop protection reflects a global trend toward sustainable and effective farming practices. With the increasing frequency of fungal disease outbreaks due to climate change and intensified farming, copper fungicides offer a proven and practical solution. Consequently, as governmental bodies, agricultural organizations, and cooperatives persist in their efforts to inform farmers about the significance of crop protection, the utilization of copper fungicides is anticipated to increase, thereby enhancing the resilience and productivity of agricultural systems globally.
However, Governments and environmental organizations are increasingly advocating for sustainable practices, which include reducing the reliance on products that persist in the environment for extended periods. Such regulations have impeded the utilization of copper fungicides and necessitated that manufacturers allocate resources toward the development of alternative solutions that are less detrimental to the environment. In addition, the growing awareness among farmers and consumers about the environmental risks associated with copper fungicides has led to a shift toward greener, more sustainable agricultural inputs. Hence, this shift poses a significant challenge for the market.
Based on application, the market is classified into fruit & vegetables, cereals & grains, pulses & oilseed, and others. The cereals & grains segment procured 33% revenue share in the market in 2023. In terms of volume, 43,748.1 tonnes of copper fungicides are expected to be utilized in cereals & grains by the year 2031. These crops are critical to global food security, and any disruption in their production directly impacts both local and international markets. Diseases such as rusts, smuts, and leaf spots necessitate preventive and curative measures, making copper fungicides a preferred choice for their broad-spectrum effectiveness.
On the basis of product, the market is divided into copper hydroxide, copper oxychloride, cuprous oxide, copper sulfate, and others. The copper oxychloride segment recorded 26% revenue share in the market in 2023. In terms of volume, 26,464.1 tonnes of copper oxychloride are expected to be utilized by the year 2031. The copper oxychloride segment is propelled by its versatility in controlling fungal diseases across various crops, including fruits, vegetables, and ornamentals. Its stability, ease of application, and residual effectiveness make it popular among farmers seeking reliable crop protection. The increasing adoption of copper oxychloride in organic farming, where synthetic chemicals are restricted, further boosts its market demand.
Free Valuable Insights: Global Copper Fungicides Market size to reach USD 672.33 Million by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment witnessed 47% revenue share in the market in 2023. In terms of volume, 57,024.8 tonnes of copper fungicides are expected to be utilized by the year 2031. The region's focus on organic agriculture, where copper fungicides are a key component of authorized crop protection treatment, and the broad adoption of sustainable farming methods are responsible for this domination. European countries like France, Italy, and Spain, known for their extensive fruit and vegetable cultivation, rely heavily on copper fungicides to manage fungal diseases.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 442.78 Million |
| Market size forecast in 2031 | USD 672.33 Million |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 5.5% from 2024 to 2031 |
| Quantitative Data | Volume in Tonnes, Revenue in USD Million, and CAGR from 2020 to 2031 |
| Number of Pages | 284 |
| Number of Tables | 570 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product, Application, Region |
| Country scope |
|
| Companies Included | BASF SE, Bayer AG, Syngenta AG Group, FMC Corporation, Nufarm Ltd., Certis USA LLC (Mitsui & Co., Ltd.), Nordox AS, Quimetal Industrial S.A., ADAMA Agricultural Solutions Limited, Albaugh LLC |
By Application (Volume, Tonnes, USD Million, 2020-2031)
By Product (Volume, Tonnes, USD Million, 2020-2031)
By Geography (Volume, Tonnes, USD Million, 2020-2031)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 