Crop Oil Concentrates (Cocs) Market Is Driven By An Increase In The Uses Of Pesticides And Plant Growth Regulators With A Healthy CAGR Of 4.25% During The Forecast Period Of 2021 To 2028
Research Reports
Jun 21, 2023
Market Research Future Insights
According to MRFR analysis, the global Crop Oil Concentrates (COCs) Market is expected to register a CAGR of 4.25% from 2021 to 2028 and hold a value of over USD 310 Million by 2028.
Crop oil concentrates (COCs) are a type of agricultural adjuvant used to enhance the performance of herbicides, insecticides, and fungicides. COCs are made by blending various vegetable oils and surfactants to form a concentrate that is mixed with water and applied to crops. The primary function of COCs is to improve the wetting, spreading, and penetration of the pesticide solution, which leads to better coverage and uptake of the active ingredient by the target plants or pests. COVID-19 has had a significant impact on the crop oil concentrates market. The pandemic has disrupted supply chains and logistics, resulting in higher costs and longer lead times for raw materials and finished products.
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Regional Analysis
North America dominates the crop oil concentrates market due to the high adoption of precision agriculture practices and the presence of major market players in the region. Europe and Asia Pacific are also significant markets for COCs due to the increasing demand for food and the growing trend of sustainable agriculture. Latin America and the Middle East & Africa are emerging markets for COCs due to the increasing adoption of modern agricultural practices and the need to improve crop productivity in these regions.
Market Segmentation
The Global Acupuncture market has been segmented into type, application, and vertical.
Based on Application: Herbicides, Insecticides, Fungicides and Others
Based on Surface Concentration: Less Than 15%, Between 15% To 25% and Greater Than 25%
Based on Crop Type: Fruits & Vegetables, Oilseeds & Pulses, Cereals & Grains and Others
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Key Players
Some of the market key players are Croda International Plc. (UK), BASF SE.(Germany), CHS Inc. (US, KALO Inc. (US), Helena Agri-Enterprises LLC.(US, Innvictis Crop Care LLC. (US), Plant Health Technologies. (US), Precision Laboratories LLC (US), Nutrien Ag Solutions (US) and Winfield United. (US)
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