Crop Oil Concentrates Market: Trend, Forecast, Opportunity

The crop oil concentrates market is estimated to account for USD 199 million in 2019 and is projected to reach USD 254 million by 2025, recording a CAGR of 4.1% during the forecast period.

(EMAILWIRE.COM, November 29, 2021 ) The crop oil concentrates market is estimated to account for USD 199 million in 2019 and is projected to reach USD 254 million by 2025, recording a CAGR of 4.1% during the forecast period. The market is primarily driven by the increasing need to reduce pesticide usage per hectare, growing preference for generic pesticides, and rising adoption of herbicide-tolerant crops.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=37560923

Key Market Players

Many domestic and global players provide COC products for various pesticide applications across the world. Major manufacturers have their presence in the North American and European countries. The definition for COCs is not structured by any government authority, and hence, there has been ambiguity in understanding its scope. Hence, the report scope has been restricted to the market for petroleum-based COCs marketed across the globe. Key companies in the crop oil concentrates market are Wilbur-Ellis Holdings, Inc. (US), Croda International Plc (UK), BASF (Germany), Winfield United (US), KALO, Inc. (US), BRANDT Consolidated, Inc. (US), Innvictis Crop Care (US), CHS, Inc. (US), Precision Laboratories, LLC (US), Helena Agri-Enterprises, LLC (US), Nutrien Ag Solutions (US), and Plant Health Technologies (US). Various strategies, such as acquisitions, expansions, and agreements, were adopted by key companies to remain competitive in this market.

With the increasing presence of key players and the high adoption rate of adjuvants, North America is estimated to dominate the crop oil concentrates market

The consumption of HSCOC remains high in corn cultivation across North America. Due to the easy availability of raw materials, the US is widely using COCs as oil-based adjuvants for its pesticides. Thus, the crop oil concentrates market was dominated by North America in 2018. With the emergence of drones for weed control and their increasing adoption across the US for aerial herbicide application, the growth opportunities for COC manufacturers have risen globally.

On the basis of application, the herbicides segment is estimated to account for a major share, in terms of value

Of the various pesticides, the usage of herbicides remains high globally. This due to an increase in the cultivation area of herbicide-tolerant crops and high weed resistance to herbicide formulations. In addition, according to industry experts, application of adjuvants including COC, remains high in herbicides due to its increasing application rate as per labels provided by pesticide manufacturers. Thus, in terms of both value and volume, the herbicides segment is estimated to dominate the global market in 2019.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=37560923

Higher consumption of herbicides for corn and wheat contributes to the growth of the crop oil concentration market in this segment

COC consumption, on the basis of crop type, is mainly dependent on the consumption of pesticides for each crop. However, the pesticide consumption in each crop depends on multiple factors, such as the type of pest infesting the crop, cropping cycle, number of pesticide applications in the growth phase, and climatic conditions. Since the application of pesticide is high for row crops, including corn, wheat, and rice, the crop oil concentrates market for cereals & grains is estimated to be high in 2019.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441