Mancozeb Market Forecast, Trend Analysis and Competition Tracking - Global Market insights 2015 to 2031

Mancozeb is marketed under Penncozeb, Trimanoc, Vondozeb, Dithane, Manzeb, Nemispot, and Manzane. It belongs to the group M3 dithiocarbamate group of fungicide and a class of compounds known as Ethylene Bis Dithiocarbamate (EBDCs). The compound helps in preventing rot, blight, rust, downy mildew, anthracnose, and leaf spots in various crops. Mancozeb was first registered as a broad-spectrum fungicide in the US in 1948. It is primarily used in agriculture, professional turf management, and horticulture. Mancozeb was previously registered for sports fields in pachysandra, pineapple reproduction, and foliar use of cotton. However, these applications have since been halted voluntarily. The use of this product in SOD farms, golf courses, as well as in residential gardens, resulting in a potential increase in probable exposure.

Mancozeb is commonly used to protect various crops, including onions, potatoes, flower bulbs, and particular fruit from fungi. Moreover, it is an effective treatment for potatoes, corn, sorghum, tomatoes, and cereal grains. However, exposure to this product has been known to cause serious health concerns. For instance, European Chemicals Agency (ECHA) has classified Mancozeb as toxic for reproduction, while the European Food Safety Authority (EFSA) has identified it as an endocrine disruptor.

The Global Mancozeb Market Outlook

The global mancozeb market is valued at US$ 860.0 Mn in 2021 and is expected to register a negative -11.8% CAGR during the forecast year 2022–2031. This is due to various plants and factories shut down across Europe, China and India, adversely affecting respective supply chains. It also negatively impacted manufacturing, delivery schedules, and the sale of various goods. Such factors are expected to restrain the revenue growth of the mancozeb market in these aforementioned regions.

The global mancozeb market is segmented based on type, application, distribution channel, and region. Based on type, the market is sub-segmented into Mancozeb, maneb, and zineb. The market is further sub-segmented into fruit, vegetable, nuts, ornamentals, and field crops concerning the application segment. The global market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The mancozeb sub-segment is expected to register the highest CAGR over the forecast period in the type market segment. Concerning the application segment of this industry, the vegetable segment is expected to account for a significant revenue share over the next ten years. Online platforms are slated to index the highest revenue share in the coming years regarding distribution channel segmentation. The markets in the Asia-Pacific region accounted for the majority revenue share, followed by those in North America.

Why is the demand for Mancozeb Market increasing?

Ever-booming global populations are constantly putting a strain on existing food production processes. In addition, farmers are focusing on increasing crop production by expanding the amount of agricultural land they use to grow crops or enhancing their current productivity levels on existing agricultural lands through fertilizers and improved irrigation methods. In contrast, the use of Mancozeb as a fungicide is expected to aid in catering to this increased demand, and it even has low production costs. Mancozeb is an agricultural fungicide extensively used to suppress the growth of harmful microorganisms, including bacteria or fungus. Therefore, the effective usage of Mancozeb as a crop care product is anticipated to substantially boost the projected revenue growth of the global Mancozeb market over the forecast period.

Government Initiatives Increasing the Market Revenue

The governments of various countries are now offering subsidies, incentives, and write-offs for agricultural professionals, which are expected to positively impact the global agriculture sector.

• For instance, The United States Department of Agriculture (USDA) rolled out its initiative – “Agriculture and Food Research Initiative (AFRI)” to ensure food safety and security as well as to guide and train the next generation agricultural workforce.
• In 2020, the Canadian government invested $560,000 on the Canadian Federation of Agriculture (CFA) to develop its Canadian Agri-Food Sustainability Initiative.
• The European Council has adopted initiatives such as a Common Agricultural Policy (CAP), Young Farmers, etc., to support its farmers by ensuring food security.
• Effects of an alternative mode of drug delivery on Mancozeb Market

Stringent Government Regulations May Hamper Market Growth

With an increased awareness of healthier living, individuals have gradually transitioned towards organically grown food grains and crops. As such, products containing these harmful trace ingredients restricted by government regulations are also factors that are expected to restraint the revenue growth of the target market to a certain extent.

• In Feb 2019, the Pest Management Regulatory Agency of Canada, a federally managed organization, has recommended that the use of this product be restricted or even halted when cultivating potatoes and several other crops.
• In May 2020, India’s government moved to ban 27 pesticides, including key products like Mancozeb, 2,4-D, and Chlorpyrifos, after its Ministry of Agriculture & Farmers Welfare concluded these products are “most likely to be a risk to both humans and animals.”
• The European Union has not renewed its approval of this active substance. The expiration of its manufacture and usage licenses in the EU was 31/01/2021. Products containing Mancozeb for plant protection will be withdrawn, and such products can no longer be made available in this given region.

Growth Strategies Adopted by Major Player Is the Current Trend

Companies are now more focused on producing bio-based chemicals or bio-pesticides, whose raw materials are generally found from natural sources such as plants, animals, and bacteria. This is expected to lower the use of synthetic pesticides and meet the increase in consumer demand for environment-friendly products. According to FICCI, the production of bio-pesticides is not more than 3% of the total global pesticide production. Thus, the large-scale production of bio-pesticides are expected to create additional opportunities for revenue growth for both existing and new market players

• For instance, in June 2020, BioWorks launched PERpose Plus, a broad-spectrum algaecide and fungicide for the prevention, suppression, and control of fungus and algae on necessary equipment and other hard surfaces during the various stages of crop protection, as well as for post-harvest and storage purposes

Competitive Landscape

The mancozeb market landscape appears highly consolidated, with a major chunk of it being dominated by players.

• Bayer AG
• Corteva, Inc.
• United Phosphorus Ltd
• Coromandel International Ltd
• Limin Group Co., Ltd
• Indofil Industries Limited
• Parijat Industries Pvt Ltd
• Volkschem Crop Science Pvt. Ltd
• Ningbo Generic Chemical Co., Ltd
• Jiangsu Baoling Chemical Co., Ltd
• Other Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Segments Covered

Mancozeb Market, By Type

• Mancozeb
• Maneb
• Zineb

Mancozeb Market, By Application

• Fruit
• Vegetable
• Nuts
• Ornamentals
• Field Crops

Mancozeb Market, By Distribution Channel

• Online Platform
• Supermarket/Hypermarket
• Specialty Store