Copper Fungicides Market - Global Industry Research Analysis 2022-28

Precision Business Insights published a research report on "Copper Fungicides Market: By Product Type (HA-Cu, Mixed Amino-Acid-Cu, Zn, Mn, Mg Complex, Copper Sulfate, Mixed Amino-Acid-Cu, Copper Sulfate Basic, and Copper Calcium Sulphate), By Application (Vegetables, Fruits, and Others) - Global/Region/Country Forecast to 2028"

Copper fungicides are inorganic fungicides containing copper that are being used to combat fungal infections in crops. The increasing use of organic farming and the prevalence of fungal diseases are driving the worldwide copper fungicides market. Organic agriculture has grown in popularity over the last decade, owing to rising demand for organic foods and increased knowledge of the harmful effects of chemicals on health and the environment.

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Owing to the increasing incidence of fungal diseases and the expanding use of organic farming, the market for copper fungicides has seen tremendous expansion. Furthermore, as the prevalence of the disease grows, so does the demand for fungicides, creating a tremendous business potential for key players in the copper fungicides market. However, the market for copper fungicides is expected to be hampered by hazards related with phytotoxicity. On the other hand, government laws governing the use of harmful agrochemicals, as well as poor conditions caused by the COVID-19 outbreak, are impeding market expansion. Because it is employed in a wide range of fungicides in crops such as wheat, barley, and oats, agriculture is likely to dominate the application section of the worldwide copper ammonium carbonate market.

The Global Copper Fungicides Market on the basis of Type is bifurcated into Organic Copper Fungicides and Inorganic Copper Fungicides. On the basis of Application, the market is divided into Fruits, Grains, and Vegetables.

In 2015, the oxychloride market in North America, driven by the United States, was valued at over USD 50 million. A rise in food consumption in the United States will increase the usage of agrochemicals in crop production. Over the projection period, this should result in increased copper oxychloride market sales. Through 2024, Asia Pacific is expected to grow at a CAGR of nearly 7%. Consumer dietary habits are improving, resulting in increased demand for fruits and vegetables, as well as quickly diminishing arable land due to rapid industrialization, particularly in China and India. The market for copper fungicides is rapidly approaching pre-COVID levels, with a robust growth rate predicted over the forecast period, owing to the economic recovery in most developing countries. However, unusual circumstances resulting from the third and subsequent waves are casting a bleak picture.

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There are several industry players working in the Copper Fungicides Market, which include IQV Matholding Group (Spain) NORDOX (Norway) Albaugh (North America) Spiess-Urania Chemicals GmbH (Germany) Nufarm (Australia) Zhejiang Hisun Chemical CO, LTD (China) UPL (India) Zhejiang Longwan Chemicals Co., Ltd. (China) Jiangxi Heyi Pesticide & Chemical Co. Ltd. (China) Bayer Crop Science (Thane)

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