The crop oil concentrates market is estimated to be valued at USD 199 million in 2019 and is projected to reach USD 254 million by 2025, recording a CAGR of 4.1% during the forecast period. The growth of the crop oil concentrates market is driven by factors such as the growing need to increase the efficiency of agrochemicals and increasing adoption of herbicide-tolerant crops.

Key players in the crop oil concentrates market include Croda International (UK), Wilbur-Ellis (US), Plant Health Technologies (J. R. Simplot) (US), CHS Inc. (US), Brandt Consolidated (US), BASF SE (Germany), and Winfield United (Land O’Lakes) (US).

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Report Scope:

Application
• Herbicides
• Insecticides
• Fungicides
• Others (plant growth regulators, defoliants, fertilizers, micronutrients, and miticides)

Crop Type
• Cereals & grains
• Oilseeds & pulses
• Fruits & vegetables
• Others (sugar crops, turfs, and ornamentals)

Surfactant Concentration
• Less than 15%
• Between 15% and 25%
• Greater than 25%

By Region
• North America
• Europe
• Asia Pacific
• South America
• Rest of the World (RoW)

Wheat and corn are the major cereals cultivated worldwide, accounting for nearly 3.4% of the global cereal production in 2016, according to the FAO. Additionally, according to the FAO, the global cereal production increased from 2.6 billion tons in 2016 to 2.7 billion tons in 2018, which is mainly driven by the need for yield improvements in limited arable area for expansion. The application of herbicides is also high for row crops, particularly corn and wheat. Thus, with the increase in consumption of herbicides in the cereals & grains segment, the application of COC per hectare would increase. This, in turn, contributes to the growth of the crop oil concentrate market in the cereals & grains segment.

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The consumption of HSCOC remains high in corn cultivation across North America. Due to the easy availability of raw materials, the US is widely using COCs as oil-based adjuvants for its pesticides. Thus, the crop oil concentrates market was dominated by North America in 2018. With the emergence of drones for weed control and their increasing adoption across the US for aerial herbicide application, the growth opportunities for COC manufacturers have risen globally.