Crop Oil Concentrates Market Size to Grow by USD 67.66 Million | Market Research Insights highlight rise in Increased Use of Herbicides as Key Driver

New YorkAnd January 20 2022 /PRNewswire/ – According to the research report “Crop Oil Concentrates Market by Application and Geography – Forecast and Analysis 2022-2026”, the market will witness a CAGR of 3.73% in 2022, with an accelerating CAGR of 5.36%. The report is broken down by application (herbicides, insecticides, fungicides, etc.) and geography (APAC, North AmericaAnd EuropeAnd South Americaand MEA).

Attractive Opportunities in Crop Oil Concentrate Market by Application and Geography - Forecast and Analysis 2022-2026

Attractive Opportunities in Crop Oil Concentrate Market by Application and Geography – Forecast and Analysis 2022-2026

For more insights into YOY and CAGR, read our free sample report

Seller Insights

The Coconut Oil market is segmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Market sellers should focus more on growth prospects in fast-growing sectors, while maintaining their positions in slow-growing sectors.

Some of the prominent players in the market are engaged in offering innovative products to gain a competitive advantage in the market. For example, BASF SE offers concentrated crop oil products under the brand name Poast. Brandt offers Crop Oil which is a blend of surfactants and a premium paraffinic oil designed for use in crop protection spray programs.

The report analyzes the competitive landscape of the market and provides information on several market vendors, including:

Find out more highlights about vendor growth strategies and their product offerings, Read a free sample report.

Geographical market analysis

APAC held the first largest market share of crop oil concentrates in 2021. The region is likely to contribute 62% of the overall market growth during the forecast period. The Asia Pacific region will achieve growth over all years for the forecast period between 2021 and 2026. The annual growth during this period will range between 4.92% and 7.46%.

The growth of this region can be attributed to the presence of an abundance of agricultural land in the emerging economies of the region. It has grown into the largest market for agricultural pesticides and the fastest growing market worldwide for pesticide consumption, which in turn has increased the demand for crop oil concentrates. In addition, the market growth is also due to the increasing popularity of modern farming procedures and the increased use of agrochemicals such as crop oil concentrates. Farmers in this region are incentivized to invest in crop safety and growth-promoting chemicals. The growing economy and currency stabilization strategies prevailing in the region are driving the growth of the crop oil concentrate market.

Moreover, countries like China, we, ArgentinaAnd Thailand, And Brazil They are expected to emerge as notable markets for crop oil concentration during the forecast period.

Learn more about the geographical distribution of this market along with detailed analysis of the top regions. https://www.technavio.com/report/crop-oil-concentrates-market-industry-analysis

Major Sector Analysis

The Crop Oil Concentrates market is segmented by application in herbicides, insecticides, fungicides, and others. The herbicide application segment held the largest market share for concentrated crop oil in 2021 and is likely to maintain its dominance through 2026. Crop oil concentrates enhance the performance of herbicides by activating the herbicide uptake strength in plant tissues. Crop oils are usually petroleum-based, which increases the activity of the herbicide. Moreover, it increases the effectiveness of herbicides, which boosts the growth of the global market for Crop Concentrate Oil. The increase in agricultural activities in the Asia Pacific region will increase the demand for herbicides, which will drive the growth of the global crop oils concentrate market during the forecast period.

Free sample offer: To learn more highlights and key points about different market segments and their impact in the coming years.

Market Drivers and Key Challenges:

The increasing use of herbicides in particular is leading to an increase in the concentration of crop oil in the market. Vendors are investing heavily in developing new classes of herbicides that are more effective and environmentally friendly. A shift in consumer preferences towards green fruits and vegetables, driven by a growing awareness regarding health and fitness, is fueling the use of herbicides in agricultural applications, which in turn is boosting demand for adjuvants such as crop oil concentrates. Moreover, the plant’s increasing resistance to herbicides is also forcing farmers to use crop oil concentrates to increase herbicide efficiency.

However, the challenging regulatory environment is one of the prominent factors that may hamper the growth of the market during the forecast period. Companies in the global crop concentrate oil market are required to abide by certain laws and regulations, which serve as governance rules for the agrochemical business. The application of modern methods and the use of a particular class of pesticide products draws the attention of legislative and regulatory bodies, which in turn limit the use of the products or lead to their withdrawal from the market. Global Crop Oil Concentrate Market needs to comply with various laws and regulatory obligations, which are expected to affect market growth adversely.

Download Free Sample To highlight the market drivers and challenges affecting the Crop Oil Concentrates market.

Customize your report

Don’t miss the chance to speak to our analyst and learn more insights about this market report. Our analysts can also help you customize this report according to your needs. Analysts and industry experts will work directly with you to understand your requirements and provide you with personalized data in a short period of time.

we offer 1,000 USD Worth free customization at time of purchase. Talk to our analyst now!

Related Reports:

Oilfield Surfactants Market by Source and Geography – Forecast and Analysis 2022-2026

Cyanate Ester Resin Market By End User, Application, Geography – Forecast and Analysis 2021-2025

Crude Oil Flow Improves Market by Product, Application, and Geography – Forecast and Analysis 2021-2025

Hydraulic Fluids Market by Application and Geography – Forecast and Analysis 2021-2025

Crop Oil Concentrates Market Scope

Report coverage

details

page number

120

base year

2021

prediction period

2022-2026

Growth Momentum and CAGR

Accelerating at a compound annual growth rate of 5.36%

Market Growth 2022-2026

$67.66 million

Market Structure, Market Structure

fragmented

Annual Growth (%)

3.73

Regional Analysis

Asia Pacific, North America, Europe, South America, Middle East and Africa

Market share performance

Asia Pacific at 62%

Main consuming countries

China, the United States, Argentina, Thailand and Brazil

Competitive scene

Leading companies, competitive strategies and scope of consumer engagement

Company Profile

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

market dynamics

Key market analysis, market growth triggers and obstacles, Analysis of fast-growing and slow-growing segments, Impact of COVID-19 and future consumer dynamics, Market status analysis for the forecast period,

field of personalization

If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments.

about us:

Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and to assess their competitive positions within changing market scenarios. .

Call
Technavio Research
Jesse Maeda
Marketing and Media Executive
United States: +1844364 1100
United Kingdom: +44 203893 3200
Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

Cision

Cision

View original content for multimedia download: https://www.prnewswire.com/news-releases/crop-oil-concentrates-market-size-to-grow-by-usd-67-66-million-market-research- Insights highlight increasing herbicide use as a key driver – technavio-301464045.html

The source is Technavio

Leave a Comment