Crop Oil Concentrates Market - By Type (Conventional COCs, Methylated Seed Oil (MSO), Crop-Based COCs, Silicone-Based COCs, Petroleum Oil-Based COCs), By Crop Type, By Surfactant Concentration, By Application & Forecast, 2024 – 2032
Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Agriculture | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCrop Oil Concentrates Market Size
Crop Oil Concentrates Market was valued at USD 215 million in 2023 and is anticipated to register a CAGR of over 4.5% between 2024 and 2032.
To get key market trends
Imagine you're a farmer, and you want to protect your crops from pests, weeds, and diseases. You can use sprays for this, but you want them to work the best they can and cover your plants as much as possible. That's where crop oil concentrates, or adjuvants, come in. They're like magic helpers for your sprays, making them more effective and ensuring they stick better to your plants. They're made with special ingredients that help the sprays mix easily and stay on instead of just rolling off. Nowadays, more and more farmers are using these concentrates because they want to get the most out of their sprays and grow bigger, healthier crops. And because we're all trying to be more eco-friendly, there are even new concentrates that are gentle on the environment and don't hurt the soil or the wildlife around your farm. Also, scientists are always coming up with new ways to make these concentrates even better, so they work even better with different sprays and help you protect your crops even more.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Crop Oil Concentrates Market Size in 2023 | USD 215 Million |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 4.5% |
| 2032 Value Projection | USD 319.5 Million |
| Historical Data for | 2018 – 2023 |
| No. of Pages | 300 |
| Tables, Charts & Figures | 241 |
| Segments covered | Type, Crop Type, Surfactant Concentration, Application |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
The ingredients that go into making crop oil concentrates, like detergents and mixing agents, are bought from around the world. The prices of these ingredients can go up and down like a roller coaster, depending on what's happening in the global economy. This can make it hard for companies that make these concentrates to plan and keep a steady supply. When the costs of these ingredients change suddenly, it can be tough for farmers. They might have to pay more to protect their crops, which can eat into their profits. If the concentrates become too expensive, farmers may not use them, which could hurt their crops and the food supply.
Crop Oil Concentrates Market Trends
Hey there! Farmers are catching on to a game-changing tool called adjuvants. It's like the secret superpower that makes their crop protection products work even better. By using these special helpers, farmers can get the most out of their herbicides, insecticides, and fungicides. This magic potion improves coverage on plants, boosts performance, and ultimately leads to healthier, more bountiful harvests. One thing that's really hot right now is eco-friendly formulations. People want to keep the environment happy while still protecting their crops. So, companies are coming up with innovative formulas that tick all the boxes. They're powerful against pests and diseases but gentle on Mother Nature. But it's not just about being green. Farmers want products tailored specifically to their needs. Different crops have different challenges, so having formulas designed for each one is like a dream come true. It's like giving your crops the perfect medicine for their specific illness. And guess what? Technology is taking formulation to the next level. Scientists are cooking up new and improved mixtures that are stable, easy to use, and cover crops like a blanket. It's like giving your plants a superpower shield against anything that tries to mess with them.
Crop Oil Concentrates Market Analysis
Learn more about the key segments shaping this market
Based on type, the market is divided into Conventional COCs, Methylated Seed Oil (MSO), Crop-Based COCs, Silicone-Based COCs and Petroleum Oil-Based COCs. Conventional COCs held the dominant market share of USD 96.27 million in 2023. Conventional COCs, representing a traditional category, continue to hold a significant portion of the market share due to their established use and familiarity among farmers. Methylated Seed Oil (MSO), another prominent segment, has gained traction for its enhanced efficacy in herbicide applications, contributing to a notable market share.
Learn more about the key segments shaping this market
Based on crop type, the market is categorized into cereals and grains, oilseeds and pulses, fruits and vegetables and others. Cereals & grains accounted for over 59% market share in 2023 and is projected to grow through 2032. Cereals and grains represent a substantial segment within the market share, as they are staple crops globally, and the application of COCs is integral in optimizing the efficacy of herbicides, insecticides, and fungicides for these crops.
Based on surfactant concentrations the market is segmented as Less than 15%, Between 15% and 25%, Greater than 25%. The range between 15% and 25% surfactant concentration holds a substantial market share, reflecting a versatile category that is widely adopted across various crop types. This concentration range strikes a balance between effectiveness and compatibility, making it a preferred choice for a broad spectrum of agricultural applications.
Based on application, the market is segmented as herbicides, insecticides, fungicides and other. Herbicides claim a significant portion of the market share within this segmentation, as COCs play a crucial role in enhancing the effectiveness of herbicidal applications. The synergy between herbicides and COCs ensures improved adhesion and penetration on target weeds, contributing to efficient weed control and optimized crop yield.
Looking for region specific data?
Asia Pacific dominated the global crop oil concentrates market in 2023. APAC generated a revenue of over USD 95 million in 2023. As a pivotal contributor to the global agricultural sector, Asia Pacific exhibits a substantial market share for COCs, reflecting the region's extensive cultivation of various crops. Countries like China and India, with vast expanses of arable land, are major consumers of COCs, contributing significantly to the overall market share. The region's adoption of modern farming practices, coupled with the rising awareness of the benefits of adjuvants, further propels the demand for COCs in Asia Pacific.
Crop Oil Concentrates Market Share
The world of soil conditioners is like a bustling marketplace, with big-name players and smaller businesses all vying for attention. BASF, Wilbur-Ellis, and Innvictus are like the heavyweights, but they don't own the whole ring. BASF is like the luxury brand of soil conditioners. They charge a premium because they've got a great reputation and a wide range of products. Wilbur-Ellis is more like the discount store, offering lower prices to keep customers coming back and make sure farmers with tighter budgets can still give their soil some TLC. Getting these soil conditioners to customers is like a big logistical puzzle. Wilbur-Ellis has a huge network of warehouses and trucks, so they can get their products to farmers all across the country. BASF has a global reach, so they can distribute their products far and wide. The future of soil conditioners looks promising because more and more people are realizing how important it is to take care of our soil. Companies will start investing in eco-friendly formulas and teaming up with each other to make their products even better. So, it's going to be an exciting time for the soil conditioner market!
Crop Oil Concentrates Market Companies
Major players operating in the crop oil concentrates market include
- BASF SE
- Wilbur-Ellis
- Innvictus
- Kalo
- Militello Farm Supply
- UPL Ltd
- CHS
- Nutrien Horticulture
- Helena Agri-Enterprises
- Winfield United
- BRANDT Co.
- Precision Laboratories
Crop Oil Concentrates Industry News
- In 2023, Wilbur-Ellis is positioned for expansion in South Dakota through the acquisition of an 8.3-million-gallon liquid fertilizer distribution facility located in Wolsey, South Dakota. This substantial investment underscores Wilbur-Ellis's dedication to supporting farmers in the region and reaffirms their commitment to South Dakota. The company aims to sustain its provision of top-notch services and products to growers, showcasing a long-term commitment to the agricultural community in the state. This strategic move reflects Wilbur-Ellis's vision for continued growth and excellence, ensuring that they remain a reliable partner for farmers in South Dakota for years to come.
- In 2023, Innvictis Crop Care makes a significant stride by introducing a cutting-edge adjuvant technology. The unveiling of "Inntero," a line comprising seven distinct and multi-functional adjuvants, marks a pivotal development in crop care. What sets Inntero apart is its innovative design, enabling growers to apply smaller quantities while maintaining optimal efficacy. This breakthrough empowers farmers to combat resistant weeds by incorporating a broader range of products into their tank mix.
- In October 2021, BioWorks Inc., a prominent producer of nutritional and biological products, unveiled a noteworthy addition to its portfolio with the introduction of a new concentrated crop oil product. Named SuffOil-X Spray Oil Emulsion, this Canadian-manufactured innovation represents a cutting-edge solution designed to safeguard crops from a spectrum of threats, including mites, fungi, insects, and other pests. As a concentrated crop oil, SuffOil-X is positioned to provide an effective and versatile means of enhancing crop protection.
The Crop Oil Concentrates market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Kilo Tons) from 2018 to 2032, for the following segments
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Market, By Type
- Conventional COCs
- Methylated Seed Oil (MSO)
- Crop-Based COCs
- Silicone-Based COCs
- Petroleum Oil-Based COCs
Market, By Crop Type
- Cereals and grains
- Oilseeds and pulses
- Fruits and vegetables
- Others
Market, By Surfactant
- Less than 15%
- Between 15% and 25%
- Greater than 25%
Market, By Application
- Herbicides
- Insecticides
- Fungicides
- Other
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Indonesia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- Saudi Arabia
- UAE
- South Africa
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