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, growing at a CAGR of 4.1% during the forecast period. The rising demand for generic pesticides and increasing requirement to reduce pesticide usage per hectare is projected to drive the crop oil concentrates market.

COCs are oil-based agricultural adjuvants that are derived from paraffin-based petroleum oil. The compounds are majorly blended with surfactants/emulsifiers in varying concentrations. COCs were traditionally preferred with post-emergent herbicides due to the complementary solubility properties of herbicides and concentrate. However, recent studies show the positive effects of COC with other pesticide types. Hence, these products are being used with insecticides, fungicides, and plant growth regulators.

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COCs are a mixture of paraffin-based petroleum oil and non-ionic surfactants, wherein the concentration of surfactant varies based on the product properties. The addition of non-ionic surfactants is advantageous for farmers since the miscibility of COC products increases, and the pesticide efficiency improves. Furthermore, additional properties of surfactants complement the COC properties, thereby adding value to the final product. Products with more than 40% surfactant concentration are known as high surfactant crop oil concentrate (HSCOC). These products witness high demand across developed countries of North America and Europe for cereal production. The emergence of HSCOC has driven the demand for COCs in the market, and manufacturers are concentrating on developing products with medium to high surfactant concentration.

COC manufacturers such as Croda International (UK), Wilbur-Ellis (US), and Helena Agri-Enterprises (US) provide their products for a wide range of pesticide applications. The application concentration of these products varies depending on the pesticide and crop type. The application concentration of these products are higher for herbicides, and hence, the herbicide segment is projected to grow at a higher rate in the market during the forecast period.

Consumption of COCs by a crop type would directly depend on the consumption of pesticide by the crop type. Pesticide consumption by a crop depends on multiple factors, such as the type of pest infesting the crop, cropping cycle, number of pesticide applications in the growth phase, and climatic conditions. However, since COCs are petroleum-based, their use is restricted, while the vegetable varieties of HSCOC are increasingly preferred. A majority of the pesticide application finds application in the row crops, such as corn, soybean, wheat, rice, cotton, and canola, due to their high industrial value. Their application in fruits and vegetables are limited, owing to the deteriorating effects caused by its consumption. Thus, the cereals & grains segment is projected to dominate the crop oil concentrates market during the forecast period.

Application of drone technology is projected to create opportunities for tank-mix formulations. Adjuvants are majorly applied through spray or aerial formulation. The emergence of drone technology in the agricultural industry has transformed farming techniques. Application of drones for weed control is gaining popularity in Asian countries, particularly in Australia. Through drones mapping the area and population of weed and by marking infestations with waypoints, the drones precisely spray weed control solutions aerially. Since this methodology of herbicide application reduces the pesticide consumption per hectare to a large extent, drones are increasingly deployed across the developed countries of Europe, the US, Australia, and China. COCs can modify the spray properties of these herbicides and help reduce the volume of pesticide used per hectare to a further extent. Hence, with the application of drones for weed control, the demand for COCs, and specifically high surfactant oil concentrates (HSCOC) is projected to rise in the coming years.

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To increase the market share of crop oil concentrates in oil-based adjuvants, key players focus on the development of COCs that have a high concentration of surfactant, as these products have higher efficiency, in comparison with the traditional COC products.

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