Copper Ammonium Carbonate Market is expected to grow at a CAGR of 4.1% during the forecasted period | Evolve Business Intelligence

Key Highlights:
• The global Copper Ammonium Carbonate Market size was valued at USD 6.1 billion in 2023 growing at a CAGR of 4.1% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Copper Ammonium Carbonate Market size accounted for USD 6.1 Billion in 2023, growing at a CAGR of 4.1% from 2023 to 2033. Copper ammonium carbonate is a chemical compound that is commonly used in agriculture as a fungicide. It is employed to control various fungal diseases in crops, particularly in vineyards and orchards. The compound is known for its effectiveness against certain plant pathogens.

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As global populations continue to grow, there is a rising demand for food production. This leads to an increased need for effective crop protection solutions to ensure higher yields and quality. Fungal diseases can significantly impact crop yields. Copper ammonium carbonate serves as a fungicide, and its demand may be driven by the need to combat or prevent these diseases. There is a growing awareness and preference for sustainable agricultural practices. Copper ammonium carbonate, when used responsibly, can be part of an integrated pest management strategy, aligning with the principles of sustainable agriculture.

Key Players
Some of the major Copper Ammonium Carbonate Market players holding high market shares include Bayer CropScience, Shanghai Mingdou Agrochemical, and Monsanto. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Syngenta, Shanghai Tenglong Agrochem, SinoHarvest

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Segmental Analysis
Based on type, the Copper Ammonium Carbonate market is segmented into agriculture-grade Copper Ammonium Carbonate, Industrial Grade of Copper Ammonium Carbonate, and Others. The largest segment in the Copper Ammonium Carbonate market is agriculture-grade Copper Ammonium Carbonate. This is due to the increasing demand for inorganic fungicides in wood treatment. Copper ammonium carbonate is an effective fungicide that is used to protect wood from decay and rot. It is also used to treat seeds to prevent fungal diseases.
Based on Application, the Copper Ammonium Carbonate market is an Agriculture, Industrial, and Others. The largest segment in the Copper Ammonium Carbonate market is Agriculture. This is due to the increasing demand for food crops, particularly in China and India. Copper ammonium carbonate is used as a fungicide in agriculture to protect crops from fungal diseases. It is also used as a fertilizer to provide plants with copper, which is an essential nutrient.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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