The global crop oil concentrates market size is projected to be valued at USD 310million by 2028 at a CAGR of 4.25% between 2021 and 2028. Crop oil concentrates are used as agrochemical formulations in the tank mixture to improve and ensure the performance of active ingredients during crop management. Crop oil concentrates are designed to be used for a broad range of herbicides, desiccants, defoliants, and other pesticides purposes. Crop oil concentrates improve pesticide performance by improving spray solution coverage, penetration and extending the dwell time on the leaf surfaces. Additionally, North America &Asia-Pacific markets witness the growing demand for crop oil concentrates among the consumers. All the factors are projected to significantly impact the crop oil concentrates market size during the forecast period.
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Increasing adoption of herbicide-tolerant crops
Growth Opportunities in the Market
Increase in demand for crop oil concentrates for herbicide application:The usage of adjuvants, which include crop oil concentrates, remains high for herbicides due to their various applications. Additionally, the rising cultivation area of herbicide-tolerant crops and high weed resistance to herbicide formulations is the major factor supporting the growth of crop oil concentrates on the consumers.