Copper Ammonium Carbonate Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Copper Ammonium Carbonate Market Analysis
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.
Copper Ammonium Carbonate Market Trends
This section covers the major market trends shaping the Copper Ammonium Carbonate Market according to our research experts:
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.
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 Industry Overview
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.
Copper Ammonium Carbonate Market Leaders
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Bayer AG
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Shanghai Mingdou Agrochemical Co. Ltd.
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Monsanto Company
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Syngenta Group
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SinoHarvest
*Disclaimer: Major Players sorted in no particular order
Copper Ammonium Carbonate Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Use of Copper Ammonium Carbonate in Agricultural Applications
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4.1.2 Increased Demand for Inorganic Fungicide in Wood Treatment
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4.2 Restraints
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4.2.1 Stringent Government Regulations for Use of Toxic Agrochemicals
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4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
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4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Agricultural Grade
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5.1.2 Industrial Grade
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5.2 Application
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5.2.1 Agriculture
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5.2.2 Industrial
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5.2.3 Others
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%) /Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Bayer AG
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6.4.2 Monsanto Company
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6.4.3 Shangahi Tenglong Agrochemical Co. Ltd.
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6.4.4 Shanghai Mingdou Agrochemical Co. Ltd.
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6.4.5 SinoHarvest
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6.4.6 Syngenta Group
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6.4.7 Vishnupriya Chemicals Private Limited
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Copper Ammonium Carbonate Industry Segmentation
The Copper Ammonium Carbonate Market report includes:
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Copper Ammonium Carbonate Market Research FAQs
What is the current Copper Ammonium Carbonate Market size?
The Copper Ammonium Carbonate Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)
Who are the key players in Copper Ammonium Carbonate Market?
Bayer AG, Shanghai Mingdou Agrochemical Co. Ltd., Monsanto Company, Syngenta Group and SinoHarvest are the major companies operating in the Copper Ammonium Carbonate Market.
Which is the fastest growing region in Copper Ammonium Carbonate Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Copper Ammonium Carbonate Market?
In 2024, the Asia Pacific accounts for the largest market share in Copper Ammonium Carbonate Market.
What years does this Copper Ammonium Carbonate Market cover?
The report covers the Copper Ammonium Carbonate Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Copper Ammonium Carbonate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Copper Ammonium Carbonate Industry Report
Statistics for the 2024 Copper Ammonium Carbonate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Copper Ammonium Carbonate analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
