02-Mar-2020 | Zion Market Research
The global crop oil concentrates market added up for USD 200 million in 2019 and is anticipated to surpass USD 260 million by the end of 2025 with a CAGR of 4.5%, as per researchers at Zion Market Research. The global market is majorly boosted by the increasing preference for generic pesticides, rising requirement to lower pesticide employment per hectare, and increasing acceptance of herbicide-tolerant crops.
Major players active in the crop oil concentrates market are Croda International Plc, Inc., Winfield United, Wilbur-Ellis Holdings, BRANDT Consolidated, Inc., BASF, CHS, Inc., KALO, Inc., Helena Agri-Enterprises, LLC, Innvictis Crop Care, Plant Health Technologies, Precision Laboratories, LLC, and Nutrien Ag Solutions.
Herbicides Segment Projected To Add Up For A Huge Share In Terms Of Value
Of the different pesticides, the employment of herbicides stays high all over the world. This is due to high weed resistance to herbicide formulations and an elevation in the cultivation region of herbicide-tolerant crops. Moreover, as per experts at Zion Market Research, application of adjuvant comprising COC stays high in herbicides owing to its rising usage rate as per labels offered by manufacturers of pesticide. Hence, the herbicides segment is predicted to rule the global crop oil concentrates market in terms of both volume and value.
Higher Usage Of Herbicides For Wheat And Corn Adds To The Development Of The Crop Oil Concentration Market
On the basis of crop type, crop oil concentrates consumption is majorly reliable on the usage of pesticides for every crop. On the other hand, the pesticide usage in every crop relies on various factors, such as the cropping cycle, type of pest infesting the crop, climatic conditions, and number of pesticide applications in the development stage. Since the pesticide application is high for row crops, comprising wheat, corn, and rice, the global market for grains & cereals is expected to be high in the years to come.
South America Expected To Witness The Maximum Development In The Global Crop Oil Concentrates Market In The Years To Come
The global crop oil concentrates market was ruled by North America earlier, in terms of volume and value, owing to the high attendance of crop oil concentrates makers and acceptance of enhanced agricultural tech such as plant biotechnology & precision farming. On the other hand, the requirement for crop oil concentrates in emerging regions, such as South America has increased significantly. This is majorly owing to the advancements in farming methods in Argentina & Brazil, increasing acceptance of agrochemicals, and establishment of distribution channels by worldwide agrochemical companies. Moreover, the usage of herbicides is very high in the area, as per experts. Owing to these factors, the South American crop oil concentrates market is expected to record the maximum development during the forecast period.
Browse the full “Crop Oil Concentrates Market - By Crop Type (Oilseeds & Pulses, Cereals & Grains, and Fruits & Vegetables), By Application (Insecticides, Herbicides, and Fungicides), By Surfactant Concentration (Less Than 15%, Between 15% and 25%, and More than 25%), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/crop-oil-concentrates-market
The global crop oil concentrates market is segmented as follows:
By Crop Type
By Surfactant Concentration
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