Copper Ammonium Carbonate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Type (Agricultural Grade, Industrial Grade), Application (Agriculture, Industrial and Others) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Copper Ammonium Carbonate Market-Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: <5 %

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Market Overview

The market for copper ammonium carbonate is expected to grow at a CAGR of less than 5% globally. Major factor driving the market studied is the increasing use of copper ammonium carbonate in agricultural applications, along with demand for inorganic fungicide primarily in wood treatment. On the flip side, stringent government regulations pertaining to use of toxic agrochemicals and unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.

  • Agriculture is expected to dominate the application segment of the global copper ammonium carbonate market as it is used in broad spectrum of fungicides in crops like wheat, barley, and oats among others.
  • Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as China, South Korea, India, and Japan.

Scope of the Report

The Copper Ammonium Carbonate Market report includes:

Type
Agricultural Grade
Industrial Grade
Application
Agriculture
Industrial
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Use of Copper Ammonium Carbonate in Agricultural Applications

  • Copper ammonium carbonate is extensively used as a fungicide in the agricultural industry especially in crops containing high copper content such as wheat, barley, durum wheat and oats. Emphasis on increasing crop yield quality mainly because of reduction in arable land is analyzed as another factor contributing to the growth of the market.
  • Ever increasing food demand to meet the needs of increasing population coupled with growing demand from agricultural and pesticide manufacturing players as a funging agent are other factors boosting the product demand.
  • Copper ammonium carbonate is deployed in combination with several other fungicides, such as fluoxastrobin, spiroxamine, tebuconazole, trifloxystrobin, bifaxen, and floupyram among others.
  • The current pandemic situation has caused disruption in the manufacturing of agrochemicals by means of raw material availability. Furthermore, it is expected to have a cascading effect on food productivity and crop yields especially on economies that are predominantly agrarian, in a time when demand for agriculture produce is anticipated to register a spike in medium term.
Copper Ammonium Carbonate Market Revenue Share

Asia Pacific Region to Dominate the Market

  • Asia-Pacific is anticipated to witness the highest CAGR during the period on account of rapid expansion and consumption of agricultural and industrial applications from countries like China, South Korea, Japan, and India.
  • Asia Pacific held the majority of market share for copper ammonium carbonate owing to rising demand for food crops particularly from two of the most populated countries, China, and India. Also, countries like Indonesia and Malaysia is projected to witness significant market growth attributable to increased agricultural activities.
  • Major market players have established their production facilities in the region owing to availability of cheap labor, land and comparatively lenient norms and regulations pertaining to chemicals.
  • In addition, it is used as a fungicide for wood treatment, it is also employed to separate copper out of copper-bearing scrap metal.
  • Due to the aforementioned factors, the demand for copper ammonium carbonate is expected to increase in the region during the forecast period.
Copper Ammonium Carbonate Market Regional Trends

Competitive Landscape

The Copper Ammonium Carbonate Market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies are Bayer AG, Shanghai Mingdou Agrochemical Co. Ltd., Monsanto Company, Syngenta Group and SinoHarvest and among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Use of Copper Ammonium Carbonate in Agricultural Applications

      2. 4.1.2 Increased Demand for Inorganic Fungicide in Wood Treatment

    2. 4.2 Restraints

      1. 4.2.1 Stringent Government Regulations for Use of Toxic Agrochemicals

      2. 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Agricultural Grade

      2. 5.1.2 Industrial Grade

    2. 5.2 Application

      1. 5.2.1 Agriculture

      2. 5.2.2 Industrial

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%) /Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Bayer AG

      2. 6.4.2 Monsanto Company

      3. 6.4.3 Shangahi Tenglong Agrochemical Co. Ltd.

      4. 6.4.4 Shanghai Mingdou Agrochemical Co. Ltd.

      5. 6.4.5 SinoHarvest

      6. 6.4.6 Syngenta Group

      7. 6.4.7 Vishnupriya Chemicals Private Limited

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Copper Ammonium Carbonate Market market is studied from 2016 - 2026.

The Copper Ammonium Carbonate Market is growing at a CAGR of <5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Bayer AG, Shanghai Mingdou Agrochemical Co. Ltd., Monsanto Company, Syngenta Group, SinoHarvest are the major companies operating in Copper Ammonium Carbonate Market.

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