Mancozeb Market - Forecast(2023 - 2028)

Report Code: AGR 492251 Report Format: PDF + Excel

Overview

Mancozeb market size is forecast to reach $916 million by 2025, after growing at a CAGR of XX% during 2020-2025, owing to the vital role of mancozeb in killing or preventing the growth of fungi and their spores that harm or destroy the food crops. With growing global populations that constantly challenge food production, mancozeb offer a means towards meeting the challenge of more food from less land. Mancozeb is a non-systemic agricultural fungicide and they are being extensively used to destroy or suppress the growth of harmful microorganisms such as bacteria, viruses, or fungi on the crops. Thus, the extensive usage of mancozeb as a crop care product is anticipated to drive the mancozeb market substantially during the forecast period.

Report Coverage

The report: “Mancozeb Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the mancozeb Industry. 
By Form: Solid, and Liquid
By Application: Food Crops, Cash Crops, Horticulture Crops, Plantation Crops, Turf & Ornamental, and Others
By Geography: North-America, South-America, Europe, Asia Pacific, and RoW

Key Takeaways

  • Asia Pacific dominates the mancozeb market, owing to the increasing agricultural investments by the government in the region. In May 2019, NABARD announced an investment of Rs 700 crore (US$ 100 million) venture capital fund for equity investments in agriculture and rural-focused start-ups in India.
  • Mancozeb is an ethylene dithiocarbamate fungicide and it is used to control many fungal diseases in a wide range of field crops, fruits, nuts, vegetables, and ornamentals. Also, it is an active ingredient in a series of fungicides marketed as Penncozeb, Trimanoc, Vondozeb, Dithane, Manzeb, Nemispot, and Manzane.
  • Mancozeb generally acts on multiple sites in fungal cells to control diseases as it has low solubility in water and breaks down quickly in soil and water, which is anticipated to drive the mancozeb market during the forecast period.
  • Increasing Adoption of organic fertilizers over chemical fertilizers may restrain the mancozeb market growth during the forecast period.
  • Due to the COVID-19 Pandemic most of the countries has gone under lockdown, due to which operations of various industries such as agriculture and horticulture has been negatively affected, which is hampering the mancozeb market growth.

By Form – Segment Analysis

The liquid segment held the largest share in the mancozeb market in 2019, owing to its superior characteristics such as convenience to use and comparatively cheaper than the other alternatives. Also, mancozeb in liquid form are easy available and soluble in nature. The liquid form based mancozeb are being extensively used in the agricultural farms to improve crop productivity and in horticulture to supply sufficient amount of nutrients at each stage of crop growth. Thus, the extensive usage of liquid mancozeb is anticipated to propel the mancozeb market during the forecast period. 

By Application – Segment Analysis

The food crop held the largest share in the mancozeb market in 2019 and is growing at a CAGR of XX%, owing to the increasing demand of food crops such as wheat, rice, pulses and others in various regions. There is an increasing demand for food crops as they are a staple food in various regions especially in the Asian countries. The global use of rice for livestock feed has steadily increased over the past several decades. According to the Food and Agriculture Organization (FAO) the global use of rice for feed in 2013 was 33.6 million mt and that feed use has been growing by 0.5 million mt per year since 2003, an average growth rate of 1.7 percent. According to United States Department of Agriculture (USDA) rice consumption in 2019-20 is estimated at 102 million tonnes, an increase of 3% and the rice consumption is expected to increase further in 2020-21 to 108 million tonnes with the government pushing more subsidized rice. And mancozeb are often used to prevent the growth of molds on food crops. Thus, the increasing food crop production will require more mancozeb fungicide, which is anticipated to drive the mancozeb market in the food crop sector during the forecast period.

By Geography – Segment Analysis

Asia Pacific region held the largest share in the mancozeb market in 2019 up to 35%, owing to the increasing agricultural investments by the government in the region. The governments are spending heavily on initiatives and investments in the field of agriculture as it is one of the most effective ways of reducing hunger and poverty, and promoting agricultural productivity. In 2016, according to China’s Ministry of Agriculture, over 1,300 Chinese enterprises had overseas investments in agriculture, forestry, and fisheries valued at $26 billion. The total quantum of private investment in India is projected to increase (with added investment of Rs. 78,424 crore) from Rs. 61,000 crore in 2015-16 to Rs. 139,424 crore by 2022-23. The Indian government introduced Pradhan Mantri Samman Nidhi Yojana under Budget 2019-20, in which a minimum fixed pension of Rs 3000 (US$ 42.92) is to be provided to the eligible small and marginal farmers, on attaining the age of 60 years. In Japan, a digital farming technology has been developed to help experienced farmers to use water and fertilizers more efficiently. Thus, such government initiatives are increasing the agricultural sector which is further increasing the mancozeb demand. Thus, the increasing demand of mancozeb for easy production of crop is anticipated to drive the mancozeb market in APAC during the forecast period.

Drivers – Mancozeb Market

Increasing Agricultural Initiatives By The Government

The governments are spending heavily on initiatives and investments in the field of agriculture as it is one of the most effective ways of enhancing environmental sustainability. The United States Department of Agriculture took an initiative – “The Agriculture and Food Research Initiative (AFRI)” to ensure food safety and security and train the next generation of the agricultural workforce. In 2020, the Canadian government invested a total of $560,000 on the Canadian Federation of Agriculture (CFA) to develop the Canadian Agri-Food Sustainability Initiative. The European government has take initiatives such as Common Agricultural Policy (CAP) and Young Farmers. The 2010- 2013 National Strategy for France’s Sustainable Development aimed to develop a more sustainable food production and support green economy and business innovation, and during the tenure it achieved a higher domestic organic production and consumption. Thus, the various agricultural initiatives by the government are booming the agricultural sector in various regions. And with the increasing agricultural sector the demand for mancozeb will also increase, which acts as a driver for the mancozeb market during the forecast period.

Challenges – Mancozeb Market

Health Hazards From Using Mancozeb

Excessive and irrational use of fungicides such as mancozeb causes environment deterioration and has non-target effects on plants and animals. The fungicides are responsible for residue problems, resistance development in pathogens and different health hazards to human beings and other living organisms. Mancozeb is known to cause hypothyroxinemia and other adverse effects on the thyroid hormone system in adult. Hypothyroxinemia in pregnancy is associated with adverse effects on the developing nervous system and can lead to impaired cognitive function and motor development in children. Fertilizers such as mancozeb harm more than just the pests at which they are targeted. Thus, these health hazards from mancozeb may hinder with the mancozeb market growth during the forecast period.

Covid-19 Impact on The Mancozeb Market

The production of vegetables, fruits, wine, and crops requires extensive crop care such as seed treatment, soil management, crop protection, and more for which mancozeb are extensively used. However, over the coming month due to the COVID – 19 outbreaks, the production in these sectors is experience difficulties like untimely crop care and pesticide product deliveries, trade and deliveries issues, and more. According to China Oil and Foodstuffs Corporation (COFCO), in China for instance, processing of soybeans has been impeded due to a slowdown in exports from Brazil, on account of a lack of freight capacity from Mato Grosso to the country’s ports. This has led to a shortage of soybeans for crushers in China. Also the governments banned export and import of certain commodities such as on March 31, 2020, the Eurasian Economic Commission (EEC), banned number of food products, most notably sunflower seeds and soy beans. These import and export restrictions are limiting the mancozeb market growth during the pandemic. 

Market Landscape 

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the mancozeb market. In 2019, the market of mancozeb has been consolidated by the top five players accounting for xx% of the share. Major players in the mancozeb market are Dow AgroSciences, Indofil, Sabero Organics, Limin Chemical, United Phosphorus Ltd., Hebei Shuangji Chemical, Nantong Baoye Chemical, and Xian MPC Stock Co., Ltd.
1. Mancozeb Market- Market Overview
    1.1 Definitions and Scope
2. Mancozeb Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Form
    2.3 Key Trends by Application 
    2.4 Key Trends by Geography
3. Mancozeb Market- Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Mancozeb Market - Startup companies Scenario Premium Premium 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Mancozeb Market– Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Mancozeb Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Mancozeb Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Mancozeb Market– By Form (Market Size - $Million)
    8.1 Solid
        8.1.1 Dispersible Powder
        8.1.2 Wettable Powder
        8.1.3 Water Dispersible Granules
        8.1.4 Others
    8.2 Liquid
        8.2.1 Emulsifiable Concentrates
        8.2.2 Soluble Concentrates
        8.2.3 Water-in-oil Emulsions
        8.2.4 Others
9. Mancozeb Market– By Application (Market Size - $Million)
    9.1 Food Crops
        9.1.1 Wheat
        9.1.2 Rice
        9.1.3 Pulses
        9.1.4 Others
    9.2 Cash Crops
        9.2.1 Sugarcane
        9.2.2 Cotton
        9.2.3 Oilseeds
        9.2.4 Others
    9.3 Horticulture Crops
        9.3.1 Fruits
            9.3.1.1 Mango
            9.3.1.2 Banana
            9.3.1.3 Guava
            9.3.1.4 Pineapple
            9.3.1.5 Apple
            9.3.1.6 Others
        9.3.2 Vegetables
            9.3.2.1 Tomato
            9.3.2.2 Potato
            9.3.2.3 Cauliflower
            9.3.2.4 Carrot
            9.3.2.5 Beet Root
            9.3.2.6 Others
    9.4 Plantation Crops
        9.4.1 Tea
        9.4.2 Coffee
        9.4.3 Others
    9.5 Others
10. Mancozeb Market - By Geography (Market Size - $Million)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Chile
        10.2.5 Rest of South America
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 France
        10.3.4 Italy
        10.3.5 Netherland
        10.3.6 Spain
        10.3.7 Russia
        10.3.8 Belgium
        10.3.9 Rest of Europe
    10.4 Asia Pacific
        10.4.1 China
        10.4.2 Japan
        10.4.3 India
        10.4.4 South Korea
        10.4.5 Australia & New Zealand
        10.4.6 Rest of Asia Pacific
    10.5 ROW
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. Mancozeb Market- Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Market Share Analysis Premium
    12.1 Market Share by Country- Top companies
    12.2 Market Share by Region- Top companies
    12.3 Market Share by type of Product / Product category- Top companies
    12.4 Market Share at global level- Top companies
    12.5 Best Practices for companies
13. Mancozeb Market- List of Key Companies by Country Premium 
14. Mancozeb Market Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 Company 1
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
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