Copper Fungicides Market - By Chemistry (Copper Oxychloride, Copper Hydroxide, Cuprous Oxide, Copper Sulphate), By Formulation (Water-dispersible Granules, Wettable Powder, Soluble granules), By Application (Fruits & Vegetables, Cereals & Grains, Oilseeds

Copper Fungicides Market - By Chemistry (Copper Oxychloride, Copper Hydroxide, Cuprous Oxide, Copper Sulphate), By Formulation (Water-dispersible Granules, Wettable Powder, Soluble granules), By Application (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses), & Forecast, 2023 - 2032

Global Copper Fungicide Market size is expected to grow considerably through 2032, owing to the flourishing horticulture and agriculture sectors. Growing cultivated land and increasing agricultural yield have elevated the risk of fungal diseases in crops. In this regard, high cost-effectiveness and efficacy of copper fungicide in protecting crops from fungal and bacterial diseases has increased its demand.

In fact, many governments across the globe are heavily investing in crop protection, which may have a positive influence on the overall market dynamics. Citing an instance, in March 2022, the USDA announced plans to invest over USD 250 million to support America-made fertilizer to help farmers in the U.S.

The overall copper fungicide market is segmented in terms of chemistry, formulation, application, and region.

Based on chemistry, the copper fungicide market share from the cuprous oxide segment is expected to witness commendable growth through 2032. Cuprous oxide causes low toxicity to the environment, encouraging humans to favor its adoption. Moreover, the rising demand for sustainable alternatives for crop protection among farmers is further contributing to segment expansion. Governments across several economies are also investing in sustainable farming activities, which may increase product uptake over the next ten years. For instance, in April 2023, the USDA announced an investment of over USD 46 million in the Sustainable Agriculture Research and Education program.

With respect to the formulation, the copper fungicide market value from the wettable powder segment is expected to reach over USD 430 million by 2032. Given their superior suspension properties, which enable uniform application on plant surfaces and mix easily in water, wet formulations of copper fungicides are extensively used in agricultural practices. Additionally, they demonstrate high efficacy, versatility, and cost-effectiveness, which makes them a preferred solution among farmers for combating fungal diseases in crops.

Regarding application, copper fungicide industry from the oilseeds & pulses segment is expected to garner notable gains through 2032. Copper fungicides are used to prevent fungal diseases such as powdery mildews and rust which can lead to significant yield losses. They can also treat the symptoms of fungal or bacterial disease in crops. An increased cognizance among farmers of the benefits of copper fungicide in protecting pulses and oilseeds yield is favoring segment expansion.

North America copper fungicides market share is expected to grow at over 6% CAGR from 2023 to 2032. Rising requirement for eco-friendly yet sustainable disease control products has increased the demand for copper fungicides in the region as they are safer than their synthetic counterparts. Regional expansion can also be credited to the increased awareness among farmers about the benefits of copper fungicides for fungal disease management in crops. In fact, the region has a robust presence of market leaders such as Certis USA L.L.C. and others constantly emphasizing product innovations, thus driving regional market expansion.