Mancozeb Market Size 2024-Industry Share, Growth, Trends, Revenue Analysis, Top Leaders-UPL, Corteva, Limin Group Co., Ltd., Indofil Industries Limited.

Mancozeb Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Mancozeb market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Mancozeb market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Mancozeb Market reached US$ 1.81 billion in 2023 and is expected to reach US$ 2.55 billion by 2031, growing with a CAGR of 4.4% during the forecast period 2024-2031.

What is Mancozeb Market?

The mancozeb market involves the production and distribution of mancozeb, a widely used fungicide in agriculture known for its effectiveness against various fungal diseases in crops. This market is driven by the increasing demand for food production and the need to protect crops from diseases that can significantly affect yield and quality. Key factors contributing to market growth include the rise of organic farming practices, advancements in agricultural technology, and the growing awareness of sustainable pest management solutions. Additionally, regulatory developments and the introduction of new formulations are shaping the market landscape, as farmers seek effective and environmentally friendly solutions to ensure crop health and productivity.

Growth Driver

Fungal Disease Outbreaks

Fungal pathogens pose a significant threat to agriculture, with the USDA reporting that these diseases can lead to annual losses of 10-20%, translating to $100-200 billion in economic impact. Outbreaks of fungal diseases can devastate crops, resulting in reduced yields and substantial financial losses for farmers.

In response to these challenges, farmers are increasingly turning to fungicides such as mancozeb to safeguard their crops from infections and mitigate potential losses. This heightened reliance on disease control products is driving the growth of the mancozeb market, as effective crop protection becomes essential for maintaining agricultural productivity and profitability. As awareness of fungal disease impacts continues to rise, the demand for effective fungicides like mancozeb is expected to increase further, emphasizing the importance of proactive disease management in the agricultural sector.

Key Players:

Profiles of some of the major players in the global Mancozeb market, which include UPL, Corteva, Limin Group Co., Ltd., Indofil Industries Limited, Coromandel International Limited, Bayer AG, Aroxa Crop Science Pvt. Ltd., Volkschem Crop Science Pvt. Ltd., ARISTO BIO-TECH AND LIFESCIENCE LIMITED and Star Bio Science.

Industry Development:

In August 2023, Liben announced plans to establish production lines with a capacity of 80,000 tons per annum (t/a) for Mancozeb and 30,000 t/a for Clethodim. This expansion aims to enhance their product offerings in the agrochemical sector.

In March 2021, UPL, an agrochemical manufacturing company, revealed preparations to launch a new fungicide designed to address the increasing disease challenges faced by soybean crops. This innovative product will combine the active ingredients Mancozeb, Azoxystrobin, and Prothioconazole, specifically targeting the growing prevalence of fungicide-resistant fungal strains and offering a multi-faceted approach to disease management.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Mancozeb market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Type: Concentration Below 70%, Concentration 71%-80%, Concentration Above 80%.

By Formulation: Wettable Powders, Water Dispersible Granules.

By Distribution Channel: Supermarket/Hypermarket, Convenience Stores, E-Commerce, Others.

By Application: Agricultural, Plantations And Estates, Horticultural And Ornamental Crops, Others.

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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