What is the expected growth rate of the crop oil concentrates market?
The global crop oil concentrates market is projected to grow at a CAGR of over 4.5% from 2024-2031, driven by increasing demand for efficient herbicides and fungicides.
Which region is the largest market for crop oil concentrates?
North America currently holds the largest market share due to its advanced agricultural practices and extensive use of herbicides. However, Asia-Pacific is expected to be the fastest-growing region due to its booming agricultural sector.
Who are the major players in the crop oil concentrates market?
Leading players include BASF SE, Syngenta AG, Dow Agrosciences LLC, Wilbur-Ellis Holdings, Inc., and CHS, Inc. These companies are actively investing in research and development to introduce new and improved crop oil concentrate products.
What are the key drivers of the crop oil concentrates market growth?
The increasing use of pesticides and plant growth regulators, coupled with the effectiveness of crop oil concentrates in improving spray solution properties, are key growth drivers.