Crop Oil Concentrates Market Analysis

Crop Oil Concentrates Market Analysis

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Based on type, the market is divided into Conventional COCs, Methylated Seed Oil (MSO), Crop-Based COCs, Silicone-Based COCs and Petroleum Oil-Based COCs. Conventional COCs held the dominant market share of USD 96.27 million in 2023. Conventional COCs, representing a traditional category, continue to hold a significant portion of the market share due to their established use and familiarity among farmers. Methylated Seed Oil (MSO), another prominent segment, has gained traction for its enhanced efficacy in herbicide applications, contributing to a notable market share.
 

Based on crop type, the market is categorized into cereals and grains, oilseeds and pulses, fruits and vegetables and others. Cereals & grains accounted for over 59% market share in 2023 and is projected to grow through 2032. Cereals and grains represent a substantial segment within the market share, as they are staple crops globally, and the application of COCs is integral in optimizing the efficacy of herbicides, insecticides, and fungicides for these crops.
 

Based on surfactant concentrations the market is segmented as Less than 15%, Between 15% and 25%, Greater than 25%. The range between 15% and 25% surfactant concentration holds a substantial market share, reflecting a versatile category that is widely adopted across various crop types. This concentration range strikes a balance between effectiveness and compatibility, making it a preferred choice for a broad spectrum of agricultural applications.
 

Based on application, the market is segmented as herbicides, insecticides, fungicides and other. Herbicides claim a significant portion of the market share within this segmentation, as COCs play a crucial role in enhancing the effectiveness of herbicidal applications. The synergy between herbicides and COCs ensures improved adhesion and penetration on target weeds, contributing to efficient weed control and optimized crop yield.
 

Asia Pacific dominated the global crop oil concentrates market in 2023. APAC generated a revenue of over USD 95 million in 2023. As a pivotal contributor to the global agricultural sector, Asia Pacific exhibits a substantial market share for COCs, reflecting the region's extensive cultivation of various crops. Countries like China and India, with vast expanses of arable land, are major consumers of COCs, contributing significantly to the overall market share. The region's adoption of modern farming practices, coupled with the rising awareness of the benefits of adjuvants, further propels the demand for COCs in Asia Pacific.