The global copper oxychloride market was valued at US$ 313.4 Mn in 2021 and is expected to reach US$ 448.6 Mn by 2030, expanding at a CAGR of 4.4% from 2023 to 2030. Copper oxychloride, which is also known as basic cupric chloride, having chemical formula CuCl23Cu(OH)2is found in natural minerals and also produced synthetically. On the basis of applications, global copper oxychloride is segmented into fungicide, colorants and pigments, commercial feed supplement and others (reagent, catalyst, etc.). Copper oxychloride consumption has gradually increased in the market due to increasing agricultural activities demanding of fungicides.According to industry expertsfungicidewhich accounted for larger share of global copper oxychloridemarket will remain the key driver for copper oxychloridemarket.

On the basis of regional distribution, global copper oxychloride market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2015, Asia Pacific accounted as the largest and fastest growing regional market for copper oxychloride and is expected to retain its dominance during the forecast period. Increasing agricultural production to meet the demand from rising population in the region and growing awareness about new technologies and products are the factors responsible for growth in demand for copper oxychloride in Asia Pacific. Europe accounted as the second largest market for copper oxychloride and is expected undergo perpetual growth in the near future. Other regions such as North America, Latin America and Middle East & Africa are also expected experience boost in demand for copper oxychloride in the market during the forecast period from 2023 to 2030.

Purpose of the Report

The purpose of this strategic research study titled “Global Copper Oxychloride Market - Growth, Opportunities, Share & Competitive Analysis, 2023 – 2030” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global copper oxychloride market.

Target Audience

• Industry Investors
• Procurement Managers from End User Companies
• Copper Oxychloride Manufacturers
• Distributors

USP and Key Offerings

The report titled “Global Copper Oxychloride Market - Growth, Share, Opportunities, and Competitive Analysis, 2023 – 2030” offers strategic insights into the global copper oxychloride market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based onapplications, study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading copper oxychloride vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

• Current and future market trends to justify the forthcoming attractive markets within copper oxychloride
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2020 – 2021)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global copper oxychloride market, growth, offering market size and estimates for the period from 2023 to 2030, keeping in mind the above-mentioned factors.

Global copper oxychloride market revenue is expected to grow at rate of 4.4% over the forecast period 2023-2030. Copper oxychloride, which is also known as tribasic copper chloride (TBCC), is broadly used in fungicides. Fungicides accounted for more than 92.8% share of the market in terms of volume and revenue and projected to maintain its dominance during the forecast period. Rising demand for copper oxychloride in the agriculture industry for usage as fungicide is the major factor driving the global market growth. Fruits and vegetable crops are the major consumers of fungicides. Furthermore, rising demand for high yielding crops in confined arable land will propel the market growth. Commercial feed supplement segment accounted for the second largest share of the market in terms of revenue in 2020. It is used in feed formulations for most animal species. It is used to satisfy the minimal nutritional requirements of broilers, turkeys, pigs and cows among others.

The global copper oxychloride market is segmented by geography into North America, Europe, Asia Pacific, and Rest of the World regions. In 2020, Asia Pacific accounted for 31.44% share of the global market in terms of revenue. It is projected to maintain its dominance during the forecast period on account of rising usage of fungicides for crop protection. Furthermore, improving consumer food habits, rising population coupled with corresponding demand for food is projected to propel the market growth over the forecast period. China accounts for the major share of the market in Asia Pacific region. Rest of the world regions, especially countries in Latin America are projected to witness significant demand for copper oxychloride during the forecast period owing to the increasing usage of agrochemical products and higher usage of fungicide for crop protection. North America accounted as the third largest market for copper oxychloride in 2020. The region accounted for 23.14% share of global copper oxychloride market in the same year.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Copper Oxychloride market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Copper Oxychloride market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Copper Oxychloride market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Copper Oxychloride market?
• Which is the largest regional market for Copper Oxychloride market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Copper Oxychloride market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Copper Oxychloride market worldwide?