Global Crop Oil Concentrates Market Insights Forecasts to 2033

• The Global Crop Oil Concentrates Market Size was Valued at USD 202.5 Million in 2023
• The Market Size is Growing at a CAGR of 4.36% from 2023 to 2033
• The Worldwide Crop Oil Concentrates Market Size is Expected to Reach USD 310.3 Million by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Crop Oil Concentrates Market Size is Anticipated to Exceed USD 310.3 Million by 2033, Growing at a CAGR of 4.36% from 2023 to 2033.

Market Overview 

Crop oil concentrations (COCs) are specific formulations used in agriculture as adjuvants. Concentrates are frequently composed of petroleum-derived or vegetable-based oils, surfactants, and other compounds designed to boost herbicide, insecticide, and fungicide efficacy. crop oil concentration is often used in pesticide formulations to promote efficacy and improve coverage and penetration of the target crop or weed. They also lower the surface tension of the pesticide solution, making it easier for it to spread and attach to plant surfaces. Crop oil concentration is widely used in agricultural applications including row crops, fruits, and vegetables. They offer various benefits, including higher herbicide efficacy, reduced spray drift, and increased rain fastness. Crop oil concentration is an important tool for modern agriculture, as it can assist growers in boosting agricultural output while limiting environmental effects. There are several sorts of crop oil concentrates on the market, each with its formulation and qualities. Crop oil concentrates are commonly used in agriculture as adjuvants to improve the effectiveness of herbicides, fungicides, and insecticides. They help to reduce surface tension, improve coverage, and increase pesticide solution penetration into the targeted crop or weed. Crop oil concentration can also improve rain resistance, reduce drift, and increase plant surface adhesion. They are commonly used in row crops, fruits, and vegetables, and can help farmers increase agricultural output while minimizing pesticide application's environmental impact.

Report Coverage

This research report categorizes the market for the global crop oil concentrates market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global crop oil concentrates market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global crop oil concentrates market.

Driving Factors

As pesticides and plant growth stimulants become more widely used, the global crop oil concentrates market is expected to develop dramatically. The ability of these chemicals to increase herbicide deposition and distribution by boosting efficacy encourages farmers to use crop oil concentrates, which can be considered the primary driving force behind global crop oil concentrates market demand. The industry is predicted to grow fast as a result of technical advancements including the usage of drones and other precision farming technologies for crop protection and nutrition. The market for crop oil concentrates has increased significantly, due to primarily widespread use of herbicide-tolerant crops. Since these crops have been genetically modified to resist specific herbicides, and targeted weed control the removal of undesirable plants without endangering the intended crop is made possible. The grow oil concentrate promotes fungicide penetration by lowering the surface tension between the fungal spray and the plant leaves. Crop oil concentrations are driven in part by the herbicide and pesticide activity that occurs in agriculture.

Restraining Factors

However, the increasing adverse effect of crops on petroleum-based oils is limiting the global market for crop oil concentrates. Variations in raw material prices and increased competition from plant-based concentrates are expected to hinder the overall growth of the crop oil concentrate industry. The use of non-ionic surfactants and other adjuvants, such as vegetable oil concentrates, instead of crop oil concentrates is a significant impediment to market expansion.

Market Segmentation

The global crop oil concentrates market share is classified into crop type and application.

• The cereals and grains segment is expected to hold the largest share of the global crop oil concentrates market during the forecast period.   

Based on the crop type, the global crop oil concentrates market is divided into cereals & grains, oilseeds & pulses, and fruits & vegetables. Among these, the cereals and grains segment is expected to hold the largest share of the global crop oil concentrates market during the forecast period. Cereals and grains account for a significant portion of the market share since they are staple crops worldwide, and the use of crop oil concentration is critical in maximizing the performance of herbicides, insecticides, and fungicides for these crops.

• The herbicides segment is expected to hold the major share of the global crop oil concentrates market during the forecast period.

Based on the application, the global crop oil concentrates market is divided into herbicides, insecticides, and fungicides. Among these, the herbicides segment is expected to hold the major share of the global crop oil concentrates market during the forecast period. As crop oil concentration plays a major part in increasing the effectiveness of herbicidal applications. The combination of herbicides with crop oil concentration improves adhesion and penetration on target weeds, resulting in more efficient weed control and crop production.

Regional Segment Analysis of the Global Crop Oil Concentrates Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global crop oil concentrates market over the predicted timeframe.

North America is anticipated to hold the largest share of the global crop oil concentrates market over the predicted timeframe. North America is expected to hold an important share of the crop oil concentrates market. With its well-developed and technologically advanced agricultural sector, the region has a high demand for effective weed management technologies, such as crop oil concentrates, that aim to maximize crop yields and boost profitability. North America benefits from a strong regulatory system for agricultural products, including crop oil concentrates. This framework provides clarity and predictability to both manufacturers and farmers on the use and safety of these goods. The growing popularity of precision agriculture in North America emphasizes the necessity of focused input applications for optimizing crop yields and resource utilization. In this context, crop oil concentrates serve an important role by allowing for more precise herbicide administration, potentially leading to a reduction in overall herbicide usage. In conclusion, North America's well-established agricultural sector, combined with regulatory clarity and a focus on precision agriculture, puts the region as a major player in the crop oil concentrates market. This increases the demand for effective weed management technologies to improve agricultural productivity sustainably.

Asia Pacific is expected to grow at the fastest pace in the global crop oil concentrates market during the forecast period. The APAC crop oil concentrates market is expected to grow due to the growing usage of agrochemicals and contemporary farming practices. As a major contributor to the worldwide agricultural sector, Asia Pacific has a significant share of the market for crop oil concentrates, reflecting the region's widespread production of numerous crops. Countries with enormous arable land, such as China and India, are important crop oil concentrate consumers, accounting for a sizable portion of the global market share. The region's adoption of modern farming practices, combined with increased awareness of the benefits of adjuvants, drives higher demand for crop oil concentrates in the Asia Pacific.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global crop oil concentrates market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Cargill
• BernAqua
• Wilbur-Ellis Company LLC
• KALO
• Innvictis Crop Care
• Winfield United
• Loveland Products Inc
• Precision Laboratories
• Plant Health Technologies
• Brandt Consolidated Inc
• Croda International
• Helena Agri-Enterprises
• Alligare LLC
• BASF SE
• Other

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In October 2021, Kemin Crop Technologies developed a new concentrated crop oil product in October 2021. The company has introduced TeraCURB Organic and TeraCURN Concentrate, vegetable oil-based contact fungicides, to produce agricultural products.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global crop oil concentrates market based on the below-mentioned segments: 

Global Crop Oil Concentrates Market, By Crop Type

• Cereals & grains
• Oilseeds & Pulses
• Fruits & Vegetables

Global Crop Oil Concentrates Market, By Application

• Herbicides
• Insecticides
• Fungicides

Global Crop Oil Concentrates Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa