Crop Oil Concentrates Market by Application and Geography - Forecast and Analysis 2022-2026

“The Crop Oil Concentrates Market is poised to grow by USD 67.66 million during 2022-2026, accelerating at a CAGR of 5.36% during the forecast period”

 The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The increased use of herbicides and rising awareness regarding health and fitness, majorly contribute to the growth of the market.

Crop oil concentrates (COC) are a type of solvent-based herbicide that is either petroleum-based or vegetable oil-based. The former is more common and is applied in conjunction with systemic herbicides, fungicides, and insecticides; it absorbs better into leaves and penetrates deeper into plants. Petroleum oil-based products sometimes "pick up" or adhere to the waxy surface of plants; vegetable oil products tend to remain liquid as long as they are at room temperature.

Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 15 vendors. Furthermore, this report extensively covers the market segmentation by type of herbicides, insecticides, fungicides and others | and geography China, US, Argentina, Thailand, and Brazil. The Crop Oil Concentrates Market report also offers information on several market vendors, including BASF SE, Brandt Inc., CHS Inc., Croda International Plc, Helena Agri-Enterprises LLC, KALO Inc., Land O Lakes Inc., Nnvictis Crop Care LLC, Precision Laboratories LLC, and Wilbur-Ellis Co. Inc. among others.

What will the Crop Oil Concentrates Market Size be During the Forecast Period?

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Parent Market Analysis

Technavio Research categorizes the global crop oil concentrates market belonging to the Chemical Industry and within Commodity Chemicals Industry.Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

The market is extremely competitive with all sizes of businesses, including large, medium, and small-sized companies vying to monopolize the market. The tremendous development in various fields such as product innovations and new product launches by manufacturers operating in the market will drive the growth further.

Crop Oil Concentrates Market: Key Drivers, Trends, and Challenges

The crop oil concentrates market is expected to witness significant growth in the near future, thanks to increased use of herbicides, which has led to an increase in demand for crop oil concentrates. The challenging regulatory environment may also impede market growth.Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the smart room heater industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Crop Oil Concentrates Market Driver

Vendors invest heavily in the development of new categories of herbicides that are more effective and environment-friendly. Most of modern herbicides are formulated to decompose within a short span after application. The shift in consumers' preferences toward fruits and green vegetables, propelled by the rising awareness regarding health and fitness, fuels the use of herbicides in agricultural applications, which, in turn, is boosting the demand for adjuvants such as crop oil concentrates. Many industry players are developing bio-based herbicides, which are a clean and expensive solution for weed control. Moreover, the rising plant resistance toward herbicides is also compelling farmers to use crop oil concentrates to increase herbicide efficiency. Hence these factors are driving the growth of the global crop oil concentrates market during the forecast period. 

Key Crop Oil Concentrates Market Trend

Companies in the global crop oil concentrate market are required to abide by certain laws and regulations, which are the governance codes for agrochemical businesses. The application of modern methods and the use of a specific class of pesticide products draw the attention of legislative and regulatory bodies, which, in turn, limit the use of products or lead to their withdrawal from the market. Along with organizations involved in the agriculture industry, certain public governing bodies are also involved in aspects such as imports and exports, M&A, and other country-specific regulatory issues. The tax structure also plays a significant role, and market players are required to keep tax authorities updated. Hence, the global crop oil concentrates market needs to comply with numerous regulatory laws and obligations, which are expected to influence the market growth negatively.

This crop oil concentrates market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Crop Oil Concentrates Market Vendors?

BASF SE is one of the vendors that offer crop oil concentrates products under the brand name of Poast. The vendor has a few segments such as chemicals, materials, industrial solutions, surface technologies, and nutrition. The company includes the performance materials division and the monomers division, dispersions and pigments, and performance chemicals, divisions. Along with this they also offer petrochemicals and intermediates divisions with agricultural products such as crop protection products, seeds, and digital solutions.

The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart room heater market vendors such as

• BASF SE
• Brandt Inc.
• CHS Inc.
• Croda International Plc
• Helena Agri-Enterprises LLC
• KALO Inc.
• Land O Lakes Inc.
• Nnvictis Crop Care LLC
• Precision Laboratories LLC
• Wilbur-Ellis Co. Inc.

Crop Oil Concentrates Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the crop oil concentrates market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.Our In-house experts produce extensive information on the value chain, and parent market of crop oil concentrates market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Crop Oil Concentrates Market?

62% of the market’s growth will originate from APAC during the forecast period. China and Thailand are the key markets for crop oil concentrate in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The rise in popularity of modern farming procedures and the increased use of agrochemicals will facilitate the crop oil concentrates market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Crop Oil Concentrates Market?

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The crop oil concentrates market share growth by the herbicides segment will be significant during the forecast period. Crop oil concentrates enhance the performance of herbicides by activating herbicide absorption power in plant tissues. The resistance of plants against herbicides is one of the key challenges, and crop oil concentrates are added to herbicides to reduce plant resistance. They increase herbicide effectiveness, which boosts the growth of the global crop oil concentrates market. The increase in agricultural activities in APAC will fuel the demand for herbicides, which will drive the growth of the global crop oil concentrates market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the crop oil concentrates market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Crop Oil Concentrates Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive crop oil concentrates market growth during the next five years
• Precise estimation of the crop oil concentrates market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the crop oil concentrates market industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of crop oil concentrates market vendors

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