Global Agricultural Spray Oil Market Size By Product (Orchard, Rubber, Apple, Mango, Others), Power Source (Manual, Battery-operated, Fuel-operated, Solar, and Electric), and Region - Market Share, Trend Analysis, Competitive Intelligence, Historical Data, and Forecast 2023 - 2030

Market Perspective

The global Agricultural Spray Oil Market was valued at USD 901.2 million in 2022 and is projected to reach USD 1,237.7 million by 2030, growing at a CAGR of 4.17% from 2023 to 2030.

Agricultural spray oils are essential components of modern farming practices, often used in the form of oil-in-water emulsions for various applications. These oils play a vital role in pest and disease control, aiding in the protection of crops, plants, and trees against a wide range of insects and mites. They work by suffocating the target pests, thereby providing a level of control. Agricultural spray oils have excellent wetting properties and are often used as surfactants in tank mixes with other agricultural chemicals.

One of the key technologies associated with agricultural spray oils is their formulation, where they can be made from various sources, including vegetable and mineral oils. These formulations are chosen for their effectiveness and minimal environmental impact. Applications for these oils extend to farms, nurseries, greenhouses, and golf courses, helping safeguard plants and crops. The primary drivers for the agricultural spray oil market include the increasing demand for organic and sustainable crop protection methods. As awareness grows and sustainable agricultural practices gain prominence, farmers are increasingly turning to alternatives like agricultural spray oils. Additionally, technological advances in spray oil application techniques have improved their efficiency and effectiveness, increasing their demand in the market.

Key Insights

• Based on product, the orchard segment captured the largest market at 44.26% in 2022
• Based on a power source, the manual segment acquired the largest market share in 2022
• Based on region, Asia Pacific accounted for the largest market share of 38.28% in 2022

Increasing Demand for Sustainable Crop Protection to Propel Market Growth

The rising demand for sustainable crop protection methods is a significant driver aiding the growth of the agricultural spray oil market. As environmental and health concerns surrounding conventional pesticides and fertilizers continue to grow, there is a strong push towards adopting more sustainable and organic agricultural practices. Agricultural spray oils, with their ability to control pests and diseases effectively, are increasingly seen as a safer and more environmentally friendly alternative. These oils are well-suited for organic pest control, and most are permitted under organic farming regulations. With a focus on reducing synthetic pesticide use and promoting healthier soils, the demand for agricultural spray oils is on the rise, making them a key driver in the market's growth.

Lack of Strict Regulations and Limited Awareness Hinders Market Growth

The agricultural spray oil market faces a notable restraint in the form of the lack of strict regulations and limited awareness among plant growers. The guidelines and regulations for the safe and effective use of these products, including labeling, registration, and handling requirements, are often lacking or inconsistently enforced. This leads to issues such as improper usage, potentially harmful environmental effects, and reduced product effectiveness. Additionally, many plant growers may not be fully aware of the possible risks and benefits associated with agricultural spray oils. Addressing this restraint requires educational and awareness programs to inform growers about the correct use of these products and the development and enforcement of strict regulations to ensure their safe and responsible use.

Segmentation Analysis

Based on product, the market is segmented into orchards and others. The orchard system segment dominated the market with a share of 44.26% in 2022 owing to its vital role in fruit and nut production. This segment's dominance is attributed to the specific needs of orchard crops, requiring precise pest and disease management. Agricultural spray oils are integral in maintaining orchard health and safeguarding fruit/nut quality and yield. Their use in controlling pests without harming the delicate blossoms or fruits significantly contributed to this segment's market dominance. Moreover, advancements in tailored spray oil formulations optimized for orchard cultivation further bolstered its market stronghold, appealing to farmers seeking efficient, crop-specific solutions.

Based on power source, the market is classified into manual, battery-operated, fuel-operated, solar, and electric. The manual segment captured the largest market share in 2022 owing to the increasing demand for precision and control in pesticide application. This growth stems from the rising preference for small-scale and localized farming practices, where manual application offers a more targeted and economical solution. Farmers opt for manual application methods, such as backpack sprayers or handheld equipment, to ensure precise coverage, especially in smaller or irregularly shaped fields. Additionally, the trend toward organic and sustainable agriculture further propels the growth of manual application methods, aligning with eco-conscious and small-scale farming approaches.

Asia Pacific Held the Largest Market Share of 38.28% in 2022, Owing to the Strong Presence of Major Players

Asia-Pacific dominated the market in 2022 with the highest valuation of USD 345.0 million due to its substantial agricultural activities. The region's vast agricultural sector, including crop cultivation, horticulture, and commercial farming, is a key factor contributing to its dominance in the agricultural spray oil market. This trend has been particularly pronounced in countries like China and India, where large-scale agriculture is crucial for food production. With the adoption of agricultural spray oils, these nations are working towards reducing their reliance on synthetic pesticides and promoting healthier, sustainable agriculture practices. Additionally, the region's agricultural growth and investments further drive the demand for agricultural spray oils, making Asia-Pacific the dominant player in the market.

North America Captured the 2^nd Largest Power Source Share of 20.41% in 2022, Owing to Robust Industrial Sector

The region's rapid growth is primarily attributed to the increasing need to improve soil health and reduce the use of synthetic pesticides and fertilizers in agriculture. Agricultural spray oils, often derived from natural sources such as vegetable and mineral oils, are considered suitable for organic pest control and are permitted under the U.S. National Organic Program. With growing concerns about the adverse impacts of synthetic chemicals on human health and the environment, North American farmers are embracing sustainable agricultural practices. As a result, the adoption of agricultural spray oils has gained momentum, making North America the fastest-growing region in the market. This trend is expected to continue as the region strives to balance agricultural productivity with environmental sustainability and human health.

Competitive Landscape

The global agricultural spray oil market is fragmented with key players such as Calumet Specialty Products Partners, L.P., Eastern Petroleum, Evonik Industries AG, Exxon Mobil Corporation, Gulf Oil International Ltd, Indian Oil Corporation Ltd, Solvay, INTOchem S.A., RENKERT OIL, and BASF SE, among others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product launches, and collaborations to expand their business globally and enhance their competitive position.

The global Agricultural Spray Oil Market is segmented as follows:

By Product

• Orchard
• Rubber
• Apple
• Mango
• Others

By Power Source

• Manual
• Battery-operated
• Fuel-operated
• Solar
• Electric

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Middle East & Africa
  • GCC
  • South Africa
  • North America
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America