Copper fungicides are a series of fungicides with copper including organic and inorganic forms. Copper fungicides are classified into inorganic copper fungicides and organic copper fungicides, used in gardening and farming market.
Global copper fungicides production
market was about 94505 tons in 2018 and is expected to grow at a CAGR of 4.64% from 2019 to 2024. Global copper fungicides market was valued at USD 733.49 million in 2018 and is expected to reach USD 929.05 million by 2024. Overall, the copper fungicides products performance is positive with the global economic recovery.
The technical barriers of copper fungicides are relatively not high, but with the restriction of industry volume and resulting in 12 major enterprises including IQV Agro, Albaugh, Nufarm, Spiess-Urania Chemicals, Isagro, ADAMA, Certis USA, UPL, Bayer, Zhejiang Hisun, Jiangxi Heyi and Synthos Agro, Quimetal etc.
Globally, copper fungicides are mainly produced in Europe and Americas. Europe is the largest production region with production amount of 43576 MT in 2018. France leads the Europe production market. Followed by Europe, Americas production is 31512 MT in 2018. USA dominate the Americas market with separate production of 14920 MT in 2018.
Copper fungicides are widely used in agricultural products and gardening application. In 2018, copper fungicides for vegetables and fruits consumption occupied more than 78.83% of total amount. With the price improving of agricultural products, global higher spending propensity in recent years, as well as higher environmental protection, the demand for copper fungicides is expected to increase during the remaining years of the forecast period of 2018-2024.
In the past few years, the price of copper fungicides varied slightly, and we expect the price unlikely to decrease largely in short time because of new type of fungicides and market competition. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of copper fungicides. Therefore, to some extent, the companies face the risk of profit decline.