US Copper Fungicides Market
ID: MRFR/AGR/12143-US | 100 Pages | Author: Garvit Vyas| December 2023
In 2018, the United States had the biggest part of the market, making up 58.37% of it, and the market value was $76.67 million. The market is likely to grow at a rate of 5.09% in the coming years. Mexico was the second-largest market in 2018, and its value was $38.61 million. It's expected to grow even more with the highest rate of 5.37%.
North America is an important part of the global copper fungicides market. It held a significant share in terms of both value and volume. In 2018, the region made up 15.97% of the total market value, and it's expected to grow even more during the forecast period from 2019 to 2024.
The use of fungicides, which are substances that kill fungi or prevent their growth, became widespread in the United States around the early 1900s. They started with spraying sulfur and copper. In North America, especially in the United States and Mexico, there's a lot of farming happening, especially for fruits and vegetables. This has led to more farmers using copper fungicides to protect their crops. According to the Food and Agriculture Organization (FAO) in 2016, the United States ranked third globally in producing fruits and vegetables, with 71.6 million tons. Mexico also had a substantial production of 32.7 million tons in the same year. The region's extensive fruit and vegetable production is a big reason why copper fungicides are in demand, driving the market's growth.
The North American market is growing not only because of increased farming but also due to advanced technology. There are new and better copper fungicide formulations introduced, offering improved results. Farmers are adopting these technologies to protect their crops better. Additionally, the rise of organic farming practices is contributing to the growth of copper fungicides in North America. Farmers who choose organic methods are using copper fungicides to deal with fungi that can harm plant growth.
In summary, North America plays a crucial role in the global copper fungicides market. The region's significant share is driven by extensive fruit and vegetable farming, technological advancements, and the increasing adoption of organic farming practices. The market is expected to continue growing in the coming years.
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