Global Crop Oil Concentrates Market: Overview
Crop oil concentrates are basically chemical solutions that are utilized as an adjuvant for crop protection and nutrition. Crop oil concentrates usage is expected to increase the herbicidal efficiency from varied chemical classes. China-US trade war and the global economic volatility and uncertainty will certainly have a major influence on this global market.
Global Crop Oil Concentrates Market: Growth Factors
The expansion of the crop oil concentrates market is expected to be propelled by the growing implementation of glyphosate-tolerant crops, increasing demand for generic pesticides that will require tank-mix adjuvants, and the rising requirement to decrease the pesticide application per hectare rate. The market will also be fuelled by the growing use of herbicides, rising applications of pesticides, and the increasing need to decrease pesticide applications as per hectare. The expansion of precision farming across European and North American regions and no appropriate definition from any government with regards to crop oil concentrates will also propel the crop oil concentrates market in the years ahead. On the other hand, fluctuations in the petroleum oil cost and growing competition, particularly from vegetable-derived oil concentrate producers, may inhibit the crop oil concentrates market development in the future.
Global Crop Oil Concentrates Market: Segmentation
The crop oil concentrates market is classified on the basis of crop type, application, and surfactant concentration. By crop type, the crop oil concentrates market is divided into oilseeds and pulses, cereals and grains, fruits and vegetables, and others. The cereal and grains segment will hold a considerable market share, as a large part of the land is under the cultivation of food grains. The application segment of the crop oil concentrates market includes insecticides, herbicides, and fungicides. Herbicides are likely to dominate the market for crop oil concentrates in the years ahead, owing to the growing cultivation of herbicides-friendly food crops. Fungicides are likely to hold a major market share, as fungi may affect the food crop cultivation yield. Based on surfactant concentration, the market comprises greater than 25%, between 15 and 25%, and less than 15%.
Global Crop Oil Concentrates Market: Regional Analysis
North America is likely to dominate the crop oil concentrates market globally in the future, owing to the increasing occurrences of COC producers and rising implementation of the latest agricultural technology like plant biotechnology and precision farming. The demand for COCs in emerging regions of Latin America is expected to increase significantly, owing to the increasing acceptance of agrochemicals, developments in farming methods in Argentina and Brazil, and rising establishment of distribution channels mainly by the key global agrochemical players. Furthermore, the use of herbicides is likely to be quite high in the region, as per the FAOSTAT. Owing to these aspects, the crop oil concentrates market in South America is estimated to record the maximum expansion rate over the forecast timeframe.
Global Crop Oil Concentrates Market: Competitive Players
Some main participants of the crop oil concentrates market are Croda International, Wilbur-Ellis Holdings, Winfield United, BASF, BRANDT Consolidated, KALO, CHS, Innvictis Crop Care, Helena Agri-Enterprises, Precision Laboratories, Plant Health Technologies, and Nutrien AG Solutions, among others.
Global Crop Oil Concentrates Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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