Global Copper Fungicides Market Report and Forecast 2024-2032

Global Copper Fungicides Market Outlook

The global copper fungicides market size reached approximately USD 385.11 million in 2023. The market is further projected to grow at a CAGR of 5.8% between 2024 and 2032, reaching a value of USD 639.37 million by 2032.

Key Trends in the Market

Copper fungicides refer to plant products containing copper sulphate as an active agent. These fungicides kill pathogen cells by denaturing critical proteins and enzymes. Copper fungicides are combined with other compounds and dissolved with water and prevent the spreading of bacteria and fungi by penetrating the tissue of the diseased plant.

• Increasing emphasis on enhancing crop yield due to rising food requirements is aiding the copper fungicides market growth across the globe. Copper fungicides aid in management of diseases caused by bacteria by penetrating plant tissues. They also provide protection to crops, fruits, and vegetables against the development of new infections.

• Altering food and nutritional requirements and rising population shift towards plant-based products due to increasing environmental awareness and health concerns is further boosting the utilisation of copper fungicides. These fungicides have a long-lasting residual effect, upon application the copper ions present in the fungicides remain active and provide continuous protection to plants against fungal infections.

• Rising investments towards the research and development activities by the key market players and various scientific organisations to enhance the functioning of copper pesticides while limiting the side effects is further supporting the market expansion.

Global Copper Fungicides Market Analysis

On the basis of chemistry, the market is divided into copper oxychloride, copper hydroxide, cuprous oxide, and copper sulphate, among others. Based on application, the market is classified into fruits and vegetables, cereals and grains, and oilseeds and pulses, among others. On the basis of region, the copper fungicides market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Bayer AG 

• Corteva Agriscience 

• Nufarm Ltd. 

• ADAMA Agricultural Solutions Ltd.

• UPL Ltd. 

• Certis USA L.L.C 

• Gowan Company, L.L.C. 

• Cosaco GmbH 

• Cinkarna Celje, d. d. 

• MAT Holding Group (IQV)

• Others

Market Share by Chemistry

Copper hydroxide is expected to account for a significant copper fungicides market share. The working mechanism of copper hydroxide based fungicides involves the disruption of the metabolic processes in fungi, resulting in their death. Fungicides derived from copper hydroxide are available in the form of liquid and powders and are applied on plants as dust or sprays. The fungicide is used in controlling diseases including black spots and downy and powdery mildew and is most effective against fungal diseases affecting vegetables, fruit trees, and grapes.

Market Share by Region

North America is anticipated to witness significant growth over the forecast period. This growth can be attributed to the strong presence of major key market players in the region and rising research and development activities and product innovations to support the development of enhanced copper fungicide formulations. Increasing emphasis on crop protection and utilisation of advanced agricultural practices and tools and chemicals is further boosting the copper fungicides market demand in North America.

Competitive Landscape

Bayer AG, established in 1968, is a biotechnology company that is involved in the production of consumer healthcare products, seeds, pharmaceuticals, and agricultural chemicals, among others. They believe in collaboration of imagination and science to advance health and nutrition.

Corteva Agriscience, headquartered in Indianna, United States is a seed and agrichemical company that combines industry leading innovations with operational execution to deliver solutions for addressing agriculture challenges. Corteva is committed towards maximising farm productivity while enriching the lives of consumers as well as producers.

Nufarm Ltd., headquartered in Melbourne, Australia is an agricultural chemical company that is involved in the production of seed protection, crop protection, and copper fungicides, among others. The company is also involved in the manufacture of phenoxies, herbicides that eradicate and control broadleaved weeds.

Other copper fungicides market key players include ADAMA Agricultural Solutions Ltd., UPL Ltd., Certis USA L.L.C, Gowan Company, L.L.C., Cosaco GmbH, Cinkarna Celje, d. d., and MAT Holding Group (IQV), among others.

Key Highlights of the Report