Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 211.13 Million | USD 311.06 Million | 4.4% | 2023 |
Zion Market Research has published a report on the global Crop Oil Concentrates Market, estimating its value at USD 211.13 Million in 2023, with projections indicating that it will reach USD 311.06 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 4.4% over the forecast period 2024-2032.
The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Crop Oil Concentrates industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
The humungous surge in crop oil concentrates industry during the forecast period is owing to large-scale acceptance of glyphosate- tolerant crops along with huge demand for generic pesticides requiring tank-mix adjuvants application. Apart from this, the massive need for minimizing the use of pesticides per hectare of land will embellish the growth of crop oil concentrated industry over the forecast timeline.
Furthermore, the thriving precision farming industry in Europe and North America is anticipated to make notable contributions towards the growth of crop oil concentrates market over 2024-2032.
Report Attributes | Report Details |
---|---|
Report Name | Crop Oil Concentrates Market |
Market Size in 2023 | USD 211.13 Million |
Market Forecast in 2032 | USD 311.06 Million |
Growth Rate | CAGR of 4.4% |
Number of Pages | 110 |
Key Companies Covered | Croda International Plc, Winfield Solutions, Wilbur-Ellis Holdings, Inc., Brandt, Consolidated, Inc., BASF SE, CHS Inc., KALO, Inc., Helena Agri-Enterprises, LLC, Innvictis Crop Care, LLC, Plant Health Technologies, Precision Laboratories, LLC, Nutrien Ag Solutions |
Segments Covered | By Application, By Crop Type, By Surfactant Concentration And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The growth of the regional market over the forecast period is owing to rise in the incidence of crop oil concentrate manufacturers in the countries like the U.S. Apparently, massive execution of current farming techniques such as plant biotechnology & precision farming in the North American countries will proliferate the growth of the crop oil concentrates industry in North America.
By Application
By Crop Type
By Surfactant Concentration
By Region
FrequentlyAsked Questions
Crop oil concentrates (COCs) are a type of agricultural adjuvant that are frequently employed in herbicide, insecticide, and fungicide applications to enhance the efficacy of these compounds. They are typically composed of surfactants (surface-active agents) and petroleum-based oil (or occasionally vegetable oil). COCs improve the efficacy of pesticides by enhancing their absorption, distribution, and adherence to the surface of plant leaves.
The demand for herbicides and pesticides is currently being driven by the increasing necessity for effective vegetation, pest, and disease control in agriculture. Crop oil concentrates are essential to contemporary agricultural practices because they increase the efficacy of these chemicals.
Zion Market Research has published a report on the global Crop Oil Concentrates Market, estimating its value at USD 211.13 Million in 2023, with projections indicating that it will reach USD 311.06 Million by 2032.
The market is expected to expand at a compound annual growth rate (CAGR) of 4.4% over the forecast period 2024-2032.
The growth of the regional market over the forecast period is owing to rise in the incidence of crop oil concentrate manufacturers in the countries like the U.S. Apparently, massive execution of current farming techniques such as plant biotechnology & precision farming in the North American countries will proliferate the growth of the crop oil concentrates industry in North America.
Croda International Plc, Winfield Solutions, Wilbur-Ellis Holdings, Inc., Brandt, Consolidated, Inc., BASF SE, CHS Inc., KALO, Inc., Helena Agri-Enterprises, LLC, Innvictis Crop Care, LLC, Plant Health Technologies, Precision Laboratories, LLC, Nutrien Ag Solutions
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