1 Global Mancozeb Market Insight Analysis
The global Mancozeb market is valued at USD 966.39 million in 2024 and is expected to grow at a CAGR of 4.74% from 2024 to 2029.
Mancozeb, a combination of maneb and zineb, is a contact fungicide with preventive activity. It inhibits enzyme activity in fungi by forming a complex with metal-containing enzymes, including those involved in ATP production. This fungicide is employed to control over 400 different fungal pathogens, such as potato blight, leaf spot, scab, and rust. It is also used as a seed treatment for potatoes, corn, sorghum, tomatoes, and cereal grains. Mancozeb is available in various formulations, including dusts, liquid concentrates, dry flowables, water-dispersible granules, and ready-to-use products.
Figure Global Mancozeb Market Size (M USD) and CAGR (2024-2033)
2 Mancozeb Market Growth Drivers and Restraints
The growth of the Mancozeb market is driven by several factors. Firstly, the increasing demand for effective fungicides in agriculture to combat a wide range of fungal pathogens is a significant driver. The need for high-yield and quality crops due to the growing global population further fuels the market. Additionally, technological advancements in the formulation and application of Mancozeb have made it more efficient and accessible, contributing to market growth.
However, there are constraints that limit the market’s expansion. Regulatory challenges, such as bans and restrictions on the use of certain pesticides in various countries, pose a significant constraint. Environmental concerns and the push for more sustainable agricultural practices also impact the market’s growth. Moreover, the volatility in raw material prices and the high cost of production can hinder the market’s expansion. Despite these challenges, the market is expected to continue growing due to the essential role Mancozeb plays in agricultural productivity.
3 Technological Innovations and Mergers in the Mancozeb Market
The Mancozeb market is characterized by continuous technological innovations aimed at improving the efficacy and safety of the fungicide. Manufacturers are focusing on developing new formulations that are more environmentally friendly and have a broader spectrum of activity against pathogens. Additionally, there is a significant emphasis on enhancing the product’s rain fastness and adhesion to plant surfaces to ensure prolonged protection.
Corporate mergers and acquisitions are also shaping the market landscape. For instance, the acquisition of Corteva’s Mancozeb products by UPL includes all data, registrations, and trademarks, highlighting the strategic importance of such alliances in expanding market reach and product portfolios. These mergers often result in a more robust product offering and a stronger market position for the acquiring companies.
4 Global Mancozeb Market Size by Type
The global Mancozeb market is segmented into two primary types: Dry and Liquid. In 2024, the Dry segment dominates the market with a value of 814.96 million USD, while the Liquid segment is valued at 151.43 million USD. The Dry Mancozeb is preferred for its shelf-stable and easy-to-store nature, making it a convenient choice for manufacturers and end-users. It is less prone to degradation and has a longer shelf life compared to liquid formulations.
On the other hand, Liquid Mancozeb is compatible with most common fungicides and insecticides and can be easily mixed at any time. It is used as a liquid spray using a can sprayer, offering flexibility in application. The market data indicates a clear preference for Dry Mancozeb due to its practical advantages in storage and longevity. However, the Liquid segment also holds a significant share, highlighting its role in providing a versatile and immediately usable product for agricultural applications.
Table Global Mancozeb Market Size and Share by Type in 2024
Type | Market Size (M USD) 2024 |
|---|---|
Dry | 814.96 |
Liquid | 151.43 |
5 Global Mancozeb Market Size by Application
The global Mancozeb market is segmented by application into three primary categories: Agricultural, Plantations and Estates, and Horticultural and Ornamental Crops. In 2024, the Agricultural segment dominates the market with a value of 885.50 million USD, reflecting its widespread use in controlling fungal pathogens in various crops. This segment’s large market share is attributed to the increasing demand for high-yield and quality crops to meet the growing global population’s needs. The use of Mancozeb in agriculture is essential for protecting crops from diseases, thereby ensuring food security and reducing post-harvest losses.
The Plantations and Estates segment, valued at 50.81 million USD in 2024, represents the second largest application area for Mancozeb. This segment includes large-scale farming operations that focus on the cultivation of specific crops such as cotton, tobacco, rice, rubber, or sugarcane. The use of Mancozeb in these plantations is crucial for maintaining crop health and productivity, as these crops are often susceptible to various fungal diseases that can significantly impact yield and quality.
The Horticultural and Ornamental Crops segment, valued at 30.08 million USD in 2024, is the smallest of the three application segments. This segment encompasses the cultivation of plants used for both consumption and ornamental purposes, focusing on small-scale crop production and diversified cultivation. Horticultural crops include annual and perennial species, fruits and vegetables, decorative indoor plants, and landscape plants. The use of Mancozeb in this segment is vital for protecting these crops from fungal diseases, ensuring their aesthetic appeal and marketability.
Table Global Mancozeb Market Size and Share by Application in 2024
Application | Market Size (M USD) 2024 | Market Share 2024 |
|---|---|---|
Agricultural | 885.50 | 91.63% |
Plantations and Estates | 50.81 | 5.26% |
Horticultural and Ornamental Crops | 30.08 | 3.11% |
6 Global Mancozeb Market Size by Region
In 2024, South America leads the regional market with a value of 400.25 million USD, highlighting the significant agricultural activities in this region. The high market share of South America can be attributed to the extensive use of Mancozeb in controlling fungal diseases in crops such as soybeans, corn, and cotton, which are major agricultural commodities in the region.
Asia, particularly China, is another significant market for Mancozeb, with a market value of 169.16 million USD in 2024. The growth of the agricultural sector in Asia, driven by the need to feed a large population and the expansion of agricultural exports, has increased the demand for effective fungicides like Mancozeb.
North America, with the United States and Canada, has a combined market value of 16.85 million USD in 2024. The region’s market is characterized by a focus on sustainable agriculture and the use of environmentally friendly practices, which influences the demand for fungicides like Mancozeb.
The Middle East and Africa also contribute to the global Mancozeb market, with a combined market value of 48.24 million USD in 2024. The growth in these regions is driven by the expansion of agricultural activities and the need to protect crops from fungal diseases to ensure food security.
Figure Global Mancozeb Market Size (M USD) by Region in 2024
7 Global Mancozeb Market Analysis by Major Players
7.1 UPL
Company Introduction and Business Overview:
UPL, established in 1969 and listed on the NSE and BSE, is a global provider of sustainable agriculture products and solutions. With a robust portfolio that includes biologicals and traditional crop protection solutions, UPL has over 13,600 registrations. The company operates in more than 130 countries, reaching over 90% of the world’s food basket with a global team of over 10,000 colleagues.
UPL’s business encompasses a wide range of products including Agrochemicals, Seeds, Crop Protection, Post-Harvest Solutions, Soil Technology, Bio solutions, and more. The company is committed to providing innovative solutions that enhance agricultural productivity and sustainability.
Products:
UPL offers a variety of products, including MANCOZEB 80% WP, a broad-spectrum protectant fungicide used to protect a wide range of crops against fungal diseases. This product is known for its multi-site inhibitor action and resistance to rainout, providing high persistence of action.
Market Performance in 2024:
In 2024, UPL is projected to achieve a revenue of 297.40 million USD with a gross profit of 101.21 million USD, maintaining a gross profit margin of 34.03%.
7.2 Corteva Inc
Company Introduction and Business Overview:
Corteva Agriscience, established through the combination of DuPont Crop Protection, DuPont Pioneer, and Dow AgroSciences, is a leading agricultural chemical and seed company. Corteva Inc separated from DowDuPont to become a publicly traded company in 2019.
Corteva Inc is involved in the research and production of seeds, seed traits and treatments, crop protection, digital services, and inoculants. The company is committed to providing innovative solutions that enhance agricultural productivity and sustainability.
Products:
Corteva Inc offers Dithane F-45® Rainshield®, a broad-spectrum fungicide containing the active ingredient mancozeb. This product is known for its high protectant activity and exceptional rainfastness, making it an effective choice for controlling a wide range of fungal diseases.
Market Performance in 2024:
In 2024, Corteva Inc is projected to achieve a revenue of 119.80 million USD with a gross profit of 36.04 million USD, maintaining a gross profit margin of 30.08%.
7.3 Limin Chemical
Company Introduction and Business Overview:
Limin Chemical, established in 1996, is a China-based company specializing in the research, development, manufacturing, and marketing of fungicides and other pesticides. The company is known for producing various pesticide technical materials and preparations such as mancozeb, cymoxanil, fosetyl-aluminum, propineb, pyrimethanil, propiconazole, difenoconazole, chlorothalonil, thiacloprid, metham sodium, etc. Limin Chemical’s market covers more than 70 countries and regions.
Limin Chemical’s business focuses on providing high-quality fungicides and pesticides to the global market. The company is committed to innovation and excellence in product development, ensuring that its offerings meet the diverse needs of agricultural clients worldwide.
Products:
Limin Chemical offers Mancozeb 80% WP, which is truly fully complexed, non-milling, and molded in one go, as fine as 2 microns. This product is known for its stronger adhesion, resistance to rain erosion, and good secondary film formation after rain.
Market Performance in 2024:
In 2024, Limin Chemical is projected to achieve a revenue of 116.65 million USD with a gross profit of 35.58 million USD, maintaining a gross profit margin of 30.50%.
