Copper Fungicides Market Size

Copper Fungicides Market Size

Copper Fungicides Market size valued at USD 290 million in 2022 and is poised to depict more than 6.5% CAGR between 2023 and 2032. Growing concerns associated with food insecurity and the increasing pressure on agriculture sectors will create lucrative demand for copper fungicides.

Due to the rapid growth in the global population, the worldwide need for food has escalated dramatically. As per the Global Report on Food Crisis 2022 Mid-year Update, 205 million people are anticipated to suffer from acute food insecurity and will require urgent assistance across 45 countries. With the growing burden on agricultural production to serve an ever-increasing population and eliminate food insecurity, farmers and growers are seeking effective aids such as copper fungicides to prevent the outbreak of fungal diseases and loss of crops.
 

Global agencies are scaling up efforts to enhance agricultural output and secure the food supply chain, complementing industry growth. In April 2022, the World Bank earmarked USD 30 billion worth of investments over a period of 15 months to reduce risks, enhance food & nutrition security, and build robust food systems. Similar initiatives supporting producers and consumers worldwide will further encourage large-scale manufacturing of copper fungicides for use in agricultural and food production.