Crop Oil Concentrates - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Crop Oil Concentrates market accounted for $187.55 million in 2018 and is expected to reach $319.57 million by 2027 growing at a CAGR of 6.1% during the forecast period. Some of the key factors such as an increase in the need to reduce the pesticide application and growth of precision farming are driving the market growth. However, fluctuations in raw material prices like petroleum act as the restraining factors for market growth. Moreover, advent of precision farming can create opportunities for tank mix formulations will provide ample opportunities for the growth of the market.
Crop Oil Concentrate used in or associated with agrochemical formulations in tank mixtures to improve and ensure the performance of active ingredients during crop management. It is a mixture of a surfactant and a non-phytotoxic superior kind of agricultural spray oil. They build the activity of herbicides and, in this way, care should be exercised when herbicide spray containing this concentrate is applied to new varieties or highly inbred lines. It may also increase the adequacy of the spray mixture.
By Application, herbicides segment is going to have a lucrative growth during the forecast period. This due to rising in the cultivation area of herbicide-tolerant crops and high weed resistance to herbicide formulations. Furthermore, as per industry specialists, usage of adjuvants including COC remains high in herbicides due to its expanding application rate according to labels provided by pesticide makers. By geography, North America is going to have a lucrative growth during the forecast period due to the high presence of COC manufacturers and adoption of modern agricultural technology such as precision farming and plant biotechnology.
Some of the key players in Crop Oil Concentrates market include Innvictis Crop Care, Wilbur-Ellis, Croda International, BRANDT Consolidated, CHS Inc., KALO Inc., BASF, Nutrien AG Solutions, Inc., Winfield United, Helena Agri-Enterprises, Precision Laboratories, LLC, and Plant Health Technologies (Jr Simplot).
Crop Types Covered:
• Oilseeds & Pulses
• Fruits & Vegetables
• Cereals & Grains
• Other Crop Types
Surfactant Concentrations Covered:
• Between 15% and 25%
• Greater Than 25%
• Less Than 15%
• Plant Growth Regulators
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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