Global Copper Fungicides Market By Farming Type (Conventional Farming, Organic farming), By application (Grains, fruits, Vegetables), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Copper Fungicides Market By Farming Type (Conventional Farming, Organic farming), By application (Grains, fruits, Vegetables), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)
Trusted Business Insights has published a comprehensive market research report on, Global Copper Fungicides Market by farming type (Conventional Farming, Organic farming), By application (Grains, fruits, Vegetables, and other applications) and by Region -Global Forecast to 2030, which offers a holistic view of the global copper fungicides market through systematic segmentation that covers every aspect of the target market.


The global copper fungicides market is projected to be US$ 1073.2 Mn in 2020 to reach US$ 1731.7 Mn by 2030 at a CAGR of 4.9%.


Fungicides are biological organisms or biocidal chemical compounds used to kill parasitic fungi or their spores. A fungicide inhibits the growth of fungi. Fungi can cause severe damage in agriculture, resulting in critical losses of yield, quality, and profit. Copper(Cu) is used for plant protection in agriculture for more than 150 years. Copper Fungicides are used in all major plant crop, important for nutritional, economic and social aspect globally. Copper fungicides have a low risk of developing resistant fungal strain due to the multilateral mode of action. This property is the reason they have great value in ant-resistant strategy in the suppression of important fungal diseases. Copper product has a great role as plant protection products in organic farming hence they are included in all manuals for Technological supports for organic farming, which are published by the Ministry of agriculture, forestry and food.

Copper fungicides are more active, which reduces the amount of copper applied to crops and soil. Soluble solutions, like copper sulfate pentahydrate, which have copper ions are significantly effective at fractional rates. Solutions insoluble, such as oxychlorides and hydroxides, release copper ions over some time, and hence not immediately available.

The demand for copper fungicide has increased in recent years. The major factor that affects the consumption of copper fungicide is the increased demand for food cultivation. The growing number of fungal diseases affecting the crop is another factor which helps the growth of the copper fungicide market.


Global Copper Fungicides Market Revenue (US$ Mn), 2021 to 2030


The growing demand for food and shrinking land is one of the most driving factors of copper fungicide growth. According to a report by the UN, the estimated world population will reach around 8.5 billion by 2030 thus increasing the demand for food supply.

Increasing awareness of potential crop production loss due to non-usage of crop protection chemicals will help the market of copper fungicide to grow in future.

However, high research cost associated with the development of a new chemical molecule will restrain the market growth. It takes around nine years to develop a new molecule. Nonetheless, the majority of copper fungicide product going off-patent would unleash a great opportunity. It is estimated that around USD 3 billion worth of crop protection chemicals to go off -patent by 2020.
Global copper fungicides market is segmented on the basis on the farming type, application and region. On the basis of farming type, the market is segmented into conventional farming and organic farming. The organic farming segment accounts for the majority share in the global copper fungicides market, while conventional farming is expected to register the steady growth rate over the forecast period. On the basis of application, the market is segmented into grains, fruits, vegetables and other application. Fruits account for a majority share in the global copper fungicides market.


Global Copper Fungicides Market by application, 2018


On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, South America, Middle East, Africa and the rest of the world. Europe region accounts for the majority share in the global copper fungicides market due to an increasing trend towards horticulture will help in the growth of copper fungicide industry, followed by North America. Emerging economies such as APAC is expected to register the highest growth rate over the forecast period.

The research report on the global copper fungicides market includes profiles of some of the major companies such as MAT Holdings S.L., Nufarm Limited, Adama Agricultural Solutions Limited, UPL Limited, Nordox AS, Albaugh LLC, Bayer Aktiengesellschaft, Zhejiang Hisun Group Co. Ltd. And Mitsui & Co., Ltd.



Below are the active patents related to Copper Fungicides Market.


Patent Number:US20150328257A1

Micronutrient supplement made from copper metal

Abstract
A micronutrient supplement which is made by reacting together copper metal and either hydrochloric acid and/or cupric chloride under oxidizing conditions.

Application File Date: 2014-05-16

Application Granted Date: 2017-06-06

Current Assignee: Micronutrients Usa LLC

Patent Number: AU2015200340B2

Combinations

Abstract

The present invention provides a suspension concentrate of sulfur. The composition also 5 provides combination of sulfur and atleast one multi-site fungicide. The present liquid sulfur composition has superior rainfastness and has low phytotoxicity and provides.

Application File Date: 2015-01-23

Application Granted Date: 2019-01-24

Current Assignee: UPL Ltd

Key Market Segments

BY Type

  
Conventional Farming
  
Organic farming

By Application

  
Grains
  
Fruits
  
Vegetables


Key Market Players included in the report:


  
ADAMA Agricultural Solutions Ltd (Israel).
  
Albaugh (US)
  
Bayer AG (Germany)
  
Certis USA
  
Industrias Qumicas del Vall©s SA
  
IQV Agro
  
Isagro (Italy)
  
Jiangxi Heyi Chemicals Co.Ltd. (China)
  
Mitsui & Co.Ltd. (Japan)
  
NORDOX
  
Nufarm (Australia)
  
Spiess-Urania Chemicals
  
Synthos AGRO Sp. z o.o. (Sweden)
  
UPL Limited
  
Zhejiang Hisun
  
Zhejiang Longwan Chemicals


Below are the key development related to Copper Fungicides Market in 2020 and 2021.


July 2020: Emergency approval of blight fungicide for organic potatoes. The Chemicals Regulation Division (CRD) in the UK has approved Funguran Progress for emergency use on organic potatoes to control late blight. The Agriculture and Horticulture Development Board (AHDB) applied for emergency use last year and the approval was granted on July 10. Growers in England can use the fungicide, where it is deemed necessary, until September 30, 2020, and stocks must be removed by October 31, 2020. Source

March 2021: Gowan to Acquire Piemme, Gain Control of Isagro. Gowan Company has announced that it has entered into a binding agreement to purchase all shares of Piemme S.r.l from Giorgio Basile and the other shareholders. Piemme S.r.l is the controlling shareholder of Isagro S.p.A., and the transaction is the first step in the purchase by Gowan Company of all shares of Isagro S.p.A. Isagro is the owner of important active ingredients, including copper hydroxide/oxychloride, tetraconazole and kiralaxyl globally, and is well known for its research and development efforts in the crop protection and biopesticide industries. Source

April 2020: OHP adds Grotto Fungicide to biosolutions portfolio. Grotto is a copper octanoate, broad-spectrum fungicide that has activity on many greenhouse and nursery fungal and bacterial diseases. OHP, Inc., has announced the addition of Grotto Fungicide/Bactericide to its of pest control solutions for the ornamental industry. Available immediately, Grotto is a copper octanoate, broad-spectrum fungicide that has activity on many greenhouse and nursery fungal and bacterial diseases. Labeled for use on ornamentals plus vegetables and herbs grown in greenhouses, shadehouses, and nurseries. Grotto has a 4-hour Restricted Entry Interval (REI), Caution signal word, and OMRI (Organic Materials Review Institute) listing. Source