PUBLISHER: KBV Research | PRODUCT CODE: 1616496
PUBLISHER: KBV Research | PRODUCT CODE: 1616496
The Asia Pacific Copper Fungicides Market would witness market growth of 6.0% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 22,935.2 tonnes, showcasing a growth of 22.6% (2020-2023).
Cuprous oxide is a powerful fungicide used primarily in preventive treatments to combat a wide range of fungal and bacterial diseases. Its high concentration of active copper ensures superior protection for crops such as citrus, grapes, and tomatoes. Cuprous oxide is especially valued for its longevity, providing sustained disease control in challenging environments. Recent innovations include finely milled and low-residue formulations that enhance plant coverage and minimize environmental impact. Therefore, In Japan, 274.9 tonnes of Cuprous oxide are expected to be utilized by the year 2031.
The China market dominated the Asia Pacific Copper Fungicides Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $60,299 Thousands by 2031. The Japan market is expected to witness a CAGR of 4.4% during (2024 - 2031). Additionally, The India market would register a CAGR of 6.5% during (2024 - 2031).
Copper fungicides are vital in reducing post-harvest losses, significantly contributing to food insecurity. By inhibiting the proliferation of fungi and bacteria on stored produce, these fungicides contribute to the preservation of food supplies and the reduction of waste. As the global population continues to grow, the role of copper fungicides in ensuring food security becomes even more critical, making them an indispensable component of modern agriculture.
The global focus on reducing synthetic pesticide residues in food has also driven the demand for copper fungicides. As consumer awareness regarding health and environmental concerns continues to rise, producers are facing heightened pressure to reduce the application of synthetic chemicals in agricultural production. Copper fungicides, derived from natural sources, offer an eco-friendly alternative that aligns with these consumer preferences. Their use in integrated pest management (IPM) systems and organic farming practices has further enhanced their reputation as a sustainable and effective crop protection solution.
In Southeast Asia, nations like Thailand, Vietnam, and Indonesia increasingly adopt copper fungicides to manage fungal diseases in staple crops such as rice, bananas, and palm oil. Smallholder farmers, who dominate the agricultural landscape, are turning to copper-based products to protect crops from diseases like banana black Sigatoka and rice sheath blight. The region's governments promote sustainable farming through partnerships with international organizations, funding training programs, and providing subsidies for natural crop protection products, boosting the demand for copper fungicides. Therefore, these efforts, combined with the region's adoption of advanced technologies and growing export markets, position copper fungicides as an essential component of the region's agricultural strategy.
Based on Application, the market is segmented into Fruit & Vegetables, Cereals & Grains, Pulses & Oilseed, and Other Applications. Based on Product, the market is segmented into Copper Hydroxide, Copper Oxychloride, Cuprous Oxide, Copper Sulfate, and Other Products. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
Asia Pacific Copper Fungicides Market Report Segmentation
By Application (Volume, Tonnes, USD Million, 2020-2031)
By Product (Volume, Tonnes, USD Million, 2020-2031)
By Country (Volume, Tonnes, USD Million, 2020-2031)