North America Copper Oxychloride Market is projected to witness a substantial surge over the coming seven years, subject to the escalated demand for agrochemicals in farming to increase the yield of crops & vegetables. The U.S. is projected to drive the regional share. —
Rapid industrialization across the globe is one of the most notable factors fueling copper oxychloride market. Subject to the decreasing arable land and the surging need to improve land productivity, Asia Pacific copper oxychloride industry will exhibit an annual growth rate of more than 4% over the coming seven years, having collected a revenue of USD 55 million in 2015. The growth can also be attributed to the rising demand for vegetables and fruits pertaining to escalating population along with rapidly changing eating habits of consumers. India and China will contribute significantly toward the APAC copper oxychloride market share.
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Apart from the agriculture usage, the product is also applicable for commercial feed supplements and colorant & pigments. It is used in manuscripts, illuminations, and wall paintings. As per statistics, copper oxychloride market from colorants and pigment applications collected a revenue of USD 5 million in 2015 and will record considerable growth rate over the coming timeframe, owing to the surging demand of the product across the glass and ceramics manufacturing sector.
Consumers across the globe are giving preference to highly efficient and effective products for better output. The use of fungicides for crop protection is rather common among farmers, as crop protection will ensure quantitative as well as qualitative crop yield. Copper oxychloride market from fungicide applications of will record a CAGR of more than 4% over the years ahead. The product is prominently used to manufacture agricultural fungicide, which is extensively used for producing tomatoes, grapes, citrus, coffee, potatoes, stone fruit, avocados, celery, and carnations.
Swift upsurge in the global population coupled with low availability of cultivable land is expected to push copper oxychloride market trends. As per the reliable estimates, population across the globe increased from nearly 6.89 billion in 2010 to more than 7 billion in 2015 recording a growth rate of 4.9% between the five-year time span. But the total tillable land experienced an expansion of only 3.4% during the period from 2010 to 2014. This has raised the need for using agrochemicals to increase the crop yield, thereby boosting copper oxychloride market. As per the World Bank, farmers need to raise their crop output by 50% per hectare by 2050. Increase in the production of fruits & vegetables, the growing requirement of a healthy diet, and favorable government support for using agrochemicals in farming activities is expected to complement the business growth.
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The key participants in copper oxychloride market are Albaugh, Isagro, Biota Agro Solutions, Spiess-Urania, IQV, Syngenta, Killicks Pharma, Manica S.p.A, Vimal Crop Care, and Greenriver.
Global requirement for fresh food pertaining to the increasing population will stimulate copper oxychloride market. Most farmers and landowners use this product to increase the crop yield. According to Global Market Insights, Inc., “Worldwide Copper Oxychloride Market generated a revenue of USD 230 million in 2015 and will register an annual growth rate of more than 4% over the period of 2016 to 2024.”
Glimpse of Table of Content (ToC)
Chapter 3. Copper Oxychloride Industry Insights
3.1. Industry segmentation
3.2. Copper Oxychloride Market Size and forecast, 2013 – 2024
3.3. Copper Oxychloride Market ecosystem analysis
3.2.1. Vendor matrix
3.4. Copper Oxychloride Market Impact forces
3.4.1. Growth drivers
188.8.131.52. Increasing Need for Yield-enhancing Agrochemicals
184.108.40.206. Rising Demand for Fruits and Vegetables and Ultimately Fungicides
3.4.2. Industry pitfalls & challenges
220.127.116.11. Availability of Substitute Products
3.5. Growth potential analysis
3.6. Porter’s analysis
3.7 Company market share analysis, 2015
3.7.1. Strategic dashboard
3.8. PESTEL analysis
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