Copper Ammonium Carbonate Market Expected to Expand at a Steady CAGR through 2023
Copper ammonium carbonate is an inorganic fungicide primarily utilized for wood treatment and in copper tolerant crops such as wheat, tomato, barley, sugarbeets, cherries, carrots, strawberries, almonds, apples, lettuce and bananas among several others. The fungicide is available in aqueous solution formulation in the market. Copper Ammonium Carbonate fungicide is utilized as a broad spectrum fungicide employed against eyespot, early leaf spots (Mycosphaerella arachidis), Fusarium spp., net blotches, phoma leaf spots, powdery mildew, Septoria nodorum, Rhynchosporium secalis, Sclerotium rolfsii, Sclerotinia sclerotiorum, Septoria tritici, rust and tan spots. Copper ammonium carbonate fungicide is phytotoxic in nature and must be employed after dilution with water.
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Copper ammonium carbonate fungicide is applied through seed treatment or foliar application. It is a systemic fungicide that acts as a curative, preventive as well as eradicative solution. Copper ammonium carbonate fungicide after being absorbed moves to the target fungal cells and interferes with sterol synthesis leading to membrane disruption of the target pathogen. Copper ammonium carbonate fungicide is toxic to aquatic flora and has low bio-accumulation potential. The material becomes toxic over acute exposure on regular basis to animals. Prolonged exposure may cause skin and eye irritation in humans.
The copper ammonium carbonate fungicide market is driven by its rising food demand for the booming global population and reducing arable land. Rising food security concerns and limited arable land area is putting pressure on farmers to increase yields to meet the global demand.
However, rising awareness about the harmful effects of fungicides and other toxic agrochemicals among the general population along with stringent environmental regulations, especially in developed countries of North America and Europe is expected to be the major restraining factor for the copper ammonium carbonate fungicide market. This opposition to use of chemicals in agriculture has caused a shift towards organic farming and development of better and less harmful substitutes for these chemicals.