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Copper oxychloride market 2018 Top Key Players QV, Isagro S.p.A. and Albaugh, LLC. Furthermore
Copper oxychloride market is estimated to reach over USD 330 million by 2024 according to this new research report.The global population has been exponentially rising over the past few years. This has resulted into decreased arable land which will be a driving factor for the product industry. The gap between demand and supply of food has increased considerably over the years. This calls for a need to develop yield-enhancing fungicides.
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Several technological and innovative products will revolutionize the agriculture industry, which will positively impact the product market. The product is widely used for protection of crops. The agrochemicals sector is rapidly growing due to the increased awareness about the use of fertilizers and pesticides. The horticulture industry has also experienced significant growth to cater to the food demand. This will also boost the product market over the forecast timespan. The use of the product as a colorant in wall paintings, manuscripts and illuminations will propel the market growth.
Government initiatives are being taken to improve the awareness among the farmers which will generate more avenues for copper oxychloride market. Various measures have been adopted to increase the yield of the crops.
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Many substitute products such as Bordeaux mixture have been developed which can potentially hamper the growth of the market.
The product finds its application in a variety of products such as pigments & colorants, fungicides and commercial feed supplement. The fungicides segment is estimated to hold the largest market share and will continue to grow at a decent growth rate of 4%. Fungicides are widely used for tomatoes, potatoes, grapes, coffee, etc. The production of fruits and vegetables is anticipated to cross 2 billion tons in 2024, owing to improved consumer eating routine.
The use of the product as pigments & colorants in ceramic and glass industry will further add to the growth of the industry. The revenue from commercial feed supplement segment is expected to exceed USD 8 million in 2024. The application of the product in feed formulations for chickens, pigs, horses, etc. will augment the market growth.
The increasing food demand will escalate the product market growth in U.S. The agrochemicals sector will receive a boost which will positively influence the copper oxychloride market. The quality of soil has been degraded due to the pollutants which has created a demand for the product. The rising industrialization in Asia Pacific has led to decreased arable land which will drive the demand for fungicides, thus, fueling the product market growth.
The product market is consolidated with top three companies accounting for over half of the global production. The key companies are Albaugh, LLC, Isagro S.p.A., IQV, Biota Agro Solutions Private Limited, Killicks Pharma, Spiess-Urania, Manica S.p.A., Syngenta, Greenriver Industry Co., Ltd. and Vimal Crop Care Pvt. Ltd.
Market share calculation in this report is not done based on companies covered in it. The calculation of Copper oxychloride market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Partial Chapter of the Table of Content
Chapter 4. Copper Oxychloride Industry Application Insights
4.1. Global copper oxychloride market share by application, 2015 & 2024
4.2. Fungicide
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Colorants & pigments
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 - 2024
4.4. Commercial feed supplement
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. Others
4.5.1. Market estimates and forecast, 2013 - 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
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