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Southeast Asia Agricultural Spray Oil Market By Type (Vegetable Oil Based, Petroleum Oil Based, Mineral Oils); By Application (Insecticides, Herbicides, Fungicides); By Crop Type (Fruits, Nuts, and Vegetables, Cereals and Grains, Oilseeds); By Application Method (Aerial Spray, Ground Spray, Chemigation); By Sales Channel (Online, Offline) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
Southeast Asia Agricultural Spray Oil Market Size 2023	USD 29.49 million
Southeast Asia Agricultural Spray Oil Market, CAGR	5.44%
Southeast Asia Agricultural Spray Oil Market Size 2032	USD 47.68 million

Market Overview

The Southeast Asia Agricultural Spray Oil Market is projected to grow from USD 29.49 million in 2023 to an estimated USD 47.68 million by 2032, with a compound annual growth rate (CAGR) of 5.44% from 2024 to 2032. This robust growth is attributed to the increasing adoption of advanced agricultural practices and the rising need for pest control solutions in the region.

Market drivers include the escalating demand for high-quality agricultural produce and the necessity to improve crop productivity due to limited arable land. The trend of integrated pest management (IPM) practices, which emphasize sustainable and eco-friendly farming methods, is significantly boosting the demand for agricultural spray oils. Additionally, advancements in spray oil formulations and the development of bio-based variants are expected to create lucrative opportunities in the market.

Geographically, countries such as Indonesia, Thailand, and Vietnam are leading the market growth due to their large agricultural sectors and favorable climatic conditions for diverse crop cultivation. Key players in the Southeast Asia Agricultural Spray Oil Market include Royal Dutch Shell, ExxonMobil, and Chevron Corporation, who are focusing on product innovation and strategic partnerships to strengthen their market presence and cater to the evolving needs of the agricultural sector.

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Market Drivers

Rising Adoption of Advanced Agricultural Practices

The agricultural sector in Southeast Asia is undergoing a transformation with the adoption of advanced farming techniques and technologies. Traditional farming methods are increasingly being replaced by modern practices that enhance efficiency and productivity. For instance, sustainable agricultural practices for rice cultivation have been introduced to mitigate the environmental impact of rice production while fostering economic and social sustainability. Agricultural spray oils are integral to these advanced practices, offering effective pest control and disease management solutions. The shift towards mechanized farming and the use of precision agriculture tools have further amplified the demand for spray oils. These oils, when used in combination with modern equipment, ensure uniform application and optimal coverage, leading to improved crop health and yield. Governments across the region are also playing a pivotal role by promoting the use of advanced agricultural inputs, including spray oils. Subsidies and support programs aimed at educating farmers about the benefits of modern farming practices are encouraging the widespread adoption of these products. As a result, the agricultural spray oil market is experiencing steady growth driven by the increasing implementation of advanced agricultural methodologies.

Increasing Awareness of Crop Protection Benefits

Farmers in Southeast Asia are becoming more aware of the importance of crop protection and its impact on agricultural productivity. For instance, a report by CropLife Asia and the EU-ASEAN Business Council highlights the sustainability of food systems in ASEAN and the current challenges and opportunities facing agriculture and crop production in Southeast Asia. Agricultural spray oils are recognized for their effectiveness in controlling a wide range of pests and diseases that can adversely affect crop yields. The growing awareness of the benefits of spray oils, such as their ability to provide a physical barrier against pests, enhance the efficacy of other pesticides, and reduce the development of resistance in pests, is driving their demand. Educational initiatives by agricultural extension services, non-governmental organizations, and private companies are instrumental in spreading knowledge about the advantages of using spray oils. These initiatives often include demonstrations, training programs, and informational campaigns that highlight the role of spray oils in integrated pest management (IPM) systems. As farmers gain a better understanding of the positive impact of spray oils on crop health and productivity, their adoption rates are expected to increase, further fueling market growth.

Integration of Sustainable Farming Methods

The trend towards sustainable agriculture is gaining momentum in Southeast Asia, driven by the need to ensure long-term food security and environmental sustainability. For instance, the ASEAN guidelines on sustainable agriculture were adopted by members in October 2022. Sustainable farming methods, such as integrated pest management (IPM) and organic farming, emphasize the use of eco-friendly and non-toxic inputs to minimize environmental impact. Agricultural spray oils, particularly those derived from natural sources, align well with these sustainable practices. IPM programs, which combine biological, cultural, mechanical, and chemical control methods, often incorporate spray oils as a critical component. Spray oils enhance the effectiveness of biological control agents and reduce the reliance on synthetic pesticides, thereby supporting the principles of IPM. Furthermore, the development and availability of bio-based spray oils, which are biodegradable and have minimal environmental impact, are contributing to the adoption of sustainable farming practices. Regulatory frameworks in Southeast Asian countries are increasingly favoring the use of environmentally friendly agricultural inputs. Policies that encourage sustainable farming practices and restrict the use of harmful chemicals are creating a conducive environment for the growth of the agricultural spray oil market. As sustainability becomes a key focus in agriculture, the demand for spray oils that support these objectives is expected to rise significantly.

Continuous Advancements in Spray Oil Formulations

Innovation and technological advancements in spray oil formulations are driving the market forward. Manufacturers are investing in research and development to create products that offer enhanced efficacy, safety, and ease of use. Modern spray oils are formulated to provide superior coverage, stability, and compatibility with other agricultural inputs. These advancements ensure that spray oils can be effectively used in various climatic conditions and crop types prevalent in Southeast Asia. The introduction of novel formulations, such as ultra-low volume (ULV) spray oils and emulsifiable concentrates, has expanded the application range of these products. ULV formulations, for example, allow for the application of smaller quantities of oil with greater efficiency, reducing costs and environmental impact. Additionally, advancements in the production of bio-based spray oils are addressing the growing demand for sustainable and organic agricultural inputs. Collaborations between agricultural research institutions and private companies are also contributing to the development of innovative spray oil products. These partnerships facilitate the exchange of knowledge and expertise, leading to the creation of next-generation spray oils that meet the evolving needs of farmers. As technological progress continues, the market for agricultural spray oils is expected to benefit from a steady stream of improved and more effective products.

Market Trends

Increasing Adoption of Sustainable Farming Practices

One of the most significant trends in the Southeast Asia Agricultural Spray Oil Market is the shift towards sustainable farming practices. For instance, the ASEAN guidelines on sustainable agriculture were adopted by members in October 2022. Farmers in the region are becoming more aware of the environmental impact of traditional pest control methods and are seeking alternatives that minimize harm to the ecosystem. This trend is driven by the global movement towards sustainability, which emphasizes the need for eco-friendly agricultural inputs. Agricultural spray oils, particularly those derived from natural sources, are gaining popularity as they align with the principles of sustainable agriculture. These oils are known for their ability to control pests without leaving harmful residues, thereby preserving soil health and biodiversity. The adoption of integrated pest management (IPM) practices, which combine biological, cultural, and mechanical control methods with the use of spray oils, further underscores the commitment to sustainable farming in the region.

Growing Emphasis on Research and Development (R&D)

The Southeast Asia Agricultural Spray Oil Market is witnessing a growing emphasis on R&D to develop more effective and environmentally friendly spray oil formulations. For instance, Novozymes launched a promising enzyme-based technology focusing on expanding its current base of microbial products and innovations. This new technology has enormous potential to control major pests with highly effective yet sustainable pest control solutions. Leading market players and research institutions are investing heavily in R&D to address the evolving needs of the agricultural sector. This trend is driven by the need to enhance the efficacy of spray oils against a broader spectrum of pests and diseases while ensuring their safety for crops and the environment. Innovations in formulation technology have led to the development of advanced spray oils that offer improved adhesion, spreadability, and persistence on crop surfaces. Moreover, there is a strong focus on creating bio-based spray oils from renewable resources, which are biodegradable and have minimal ecological footprint. The collaboration between industry stakeholders, including manufacturers, agricultural scientists, and regulatory bodies, is crucial in driving these R&D efforts and bringing innovative products to market.

Market Restraints and Challenges

High Cost of Advanced Spray Oil Formulations

One of the primary restraints in the Southeast Asia Agricultural Spray Oil Market is the high cost associated with advanced spray oil formulations. Modern spray oils, especially those that are bio-based and eco-friendly, often require sophisticated manufacturing processes and high-quality raw materials. These factors contribute to higher production costs, which are ultimately passed on to the end-users. For small and medium-sized farmers, who constitute a significant portion of the agricultural sector in Southeast Asia, the cost of these advanced spray oils can be prohibitive. This financial barrier limits the widespread adoption of innovative spray oil products, potentially stalling market growth. Additionally, the economic disparities across different countries in the region mean that affordability varies, further complicating market penetration for high-cost products.

Stringent Regulatory Environment

The stringent regulatory environment governing the use of agricultural chemicals, including spray oils, presents another major challenge for market growth. Governments in Southeast Asia are increasingly enforcing strict regulations to ensure the safety and environmental sustainability of agricultural practices. These regulations often require extensive testing and certification processes for new products, which can be time-consuming and costly for manufacturers. Compliance with these regulatory standards is essential, but it can also delay the introduction of new and improved spray oil formulations to the market. Furthermore, the regulatory landscape is not uniform across the region, with each country having its own set of rules and requirements. This fragmentation complicates the efforts of manufacturers to achieve regional market penetration and compliance, thereby hindering the seamless flow of products across borders.

Market Segmentation Analysis

By Type

Vegetable oil-based spray oils are becoming increasingly popular due to their biodegradability and eco-friendly properties, sourced from natural ingredients like soybean, canola, and sunflower oil, making them ideal for organic farming. Petroleum oil-based spray oils, derived from refined petroleum, are favored for their cost-effectiveness and proven efficacy in pest control, providing a protective coating on crops to reduce pest infestations and disease spread. Mineral oils, extracted from naturally occurring minerals, strike a balance between efficacy and environmental impact, serving as a protective barrier against pests in various agricultural applications.

By Application

Spray oils serve multiple critical roles in agriculture, including acting as insecticides to control a wide range of insect pests, thereby protecting crops from damage and ensuring better yields. They also function as herbicides, aiding in the control of unwanted weeds, which enhances crop growth by reducing competition for nutrients. Additionally, spray oils are used as fungicides to prevent the spread of fungal infections on crops, promoting healthier plant growth and reducing crop losses.

Segments

Based on Type

Vegetable Oil Based
Petroleum Oil Based
Mineral Oils

Based on Application

Insecticides
Herbicides
Fungicides

Based on Crop Type

Fruits, Nuts, and Vegetables
Cereals and Grains
Oilseeds

Based on Application Method

Aerial Spray
Ground Spray
Chemigation

Based on Sales Channel

Online
Offline

Based on Region

Indonesia
Thailand
Vietnam
Other Southeast Asian Countries

Regional Analysis

Indonesia (35%):

Indonesia holds the largest market share in the Southeast Asia Agricultural Spray Oil Market, accounting for approximately 35% of the total market. The country’s extensive agricultural sector, which includes the cultivation of a wide variety of crops such as palm oil, rice, and rubber, drives the demand for agricultural spray oils. The Indonesian government’s focus on improving agricultural productivity and pest management practices further supports market growth. Moreover, the increasing adoption of advanced farming techniques and the rising awareness of the benefits of spray oils contribute to Indonesia’s dominant market position.

Thailand (25%):

Thailand is the second-largest market in the region, with a market share of around 25%. The country’s agricultural sector is diverse, with significant production of fruits, vegetables, rice, and sugarcane. Thailand’s emphasis on high-value crops, particularly fruits and vegetables, drives the demand for effective crop protection solutions, including agricultural spray oils. The Thai government’s initiatives to promote sustainable farming practices and reduce the use of chemical pesticides also boost the adoption of spray oils. Additionally, Thailand’s robust export market for agricultural products necessitates the use of high-quality pest control measures to meet international standards.

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Key players

BASF SE
Bayer CropScience
Syngenta AG
Sumitomo Chemical Asia
Nufarm
UPL Limited
Mitsui Chemicals
Yara International
ADAMA Agricultural Solutions
FMC Corporation
Zhejiang Jinfanda Biochemical Co., Ltd.
Jiangsu Huifeng Agrochemical Co., Ltd.
Jiangsu Yangnong Chemical Group Co., Ltd.
Jiangxi Tiansheng New Materials Co., Ltd.
Jiande City Silibase Silicone New Material Manufacturer Co., Ltd
SILIBASE SILICONE
Victorian Chemical Company Pty Ltd.
Indofil Industries Limited
Vietnam Pesticide Joint Stock Company (VIETCHEM)

Competitive Analysis

The Southeast Asia Agricultural Spray Oil Market is highly competitive, with both multinational corporations and regional players striving for market dominance. Key players such as BASF SE, Bayer CropScience, and Syngenta AG leverage their extensive R&D capabilities and robust distribution networks to introduce innovative products and expand their market presence. Companies like Sumitomo Chemical Asia and Nufarm focus on sustainable and eco-friendly solutions, catering to the growing demand for green agricultural practices. Regional players, including Jiangsu Huifeng Agrochemical Co., Ltd. and Vietnam Pesticide Joint Stock Company (VIETCHEM), capitalize on their local market knowledge and cost-effective production to compete effectively. The market’s competitive landscape is characterized by strategic collaborations, mergers and acquisitions, and continuous product development, aimed at meeting the evolving needs of the agricultural sector and enhancing crop protection and productivity.

Recent Developments

In December 2022, the National Agricultural Cooperative Marketing Federation of India (NAFED) launched its Service Orchard Spray Oil / Horticulture Mineral Oil (HMO) and Organic Manure products in Srinagar. This initiative was in partnership with Indian Oil Corporation Limited (IOCL) and CEF Organics. The collaboration aims to enhance agricultural productivity and promote sustainable farming practices in the region by providing high-quality horticultural inputs to local farmers.

In June 2022, Renkert Oil’s PSO 70 agricultural spray oil received approval for use in pest and plant disease control in USDA National Organic Programme-certified organic enterprises. The approval was granted by the Organic Materials Review Institute (OMRI), ensuring that PSO 70 meets the stringent standards required for organic farming. This approval marks a significant milestone for Renkert Oil in supporting sustainable agriculture.

In 2022, Drone Nerds partnered with DJI Enterprise Platinum Partner to launch the DJI Agras T40 drone in North America. Originally launched in China in late 2021, the DJI Agras T40 offers a larger capacity and serves as an advanced alternative to its predecessor, the DJI T30. This partnership aims to introduce cutting-edge agricultural drone technology to North American markets, enhancing precision farming capabilities.

In 2022, Conviron introduced the EVO series, an energy-efficient and cost-effective plant growth room solution. The EVO series is designed to accommodate a wide range of plant sizes, from short to tall varieties, providing optimal growing conditions. This launch underscores Conviron’s commitment to innovation in plant growth technology, offering researchers and growers a versatile and efficient growth environment.

Market Concentration and Characteristics

The Southeast Asia Agricultural Spray Oil Market is characterized by a moderate to high level of market concentration, dominated by a mix of multinational corporations and strong regional players. Key characteristics include a focus on innovation and sustainable practices, driven by the increasing adoption of eco-friendly and bio-based spray oils. The market also emphasizes advanced agricultural technologies and integrated pest management (IPM) solutions to enhance crop productivity and protection. Companies such as BASF SE, Bayer CropScience, and Syngenta AG leverage their extensive R&D capabilities and robust distribution networks, while regional firms like Vietnam Pesticide Joint Stock Company (VIETCHEM) capitalize on local market knowledge and cost-effective production.

Report Coverage

The research report offers an in-depth analysis based on Type, Application, Crop Type, Application Method, Sales Channel and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The Southeast Asia Agricultural Spray Oil Market is expected to continue its robust growth, driven by increasing adoption of advanced agricultural practices and rising demand for pest control solutions.

There will be a significant shift towards sustainable and eco-friendly farming practices, with farmers increasingly using bio-based and biodegradable spray oils to minimize environmental impact.

Technological innovations in spray oil formulations and application methods will enhance the efficacy and efficiency of pest control, supporting higher crop yields and better crop protection.

Increased government initiatives and support for sustainable agriculture and integrated pest management (IPM) practices will further boost the market demand for agricultural spray oils.

The market will witness expanded reach and penetration in emerging economies within the region, driven by improvements in agricultural infrastructure and practices.

Strategic collaborations and partnerships between multinational corporations and regional players will play a crucial role in introducing innovative products and expanding market presence.

There will be heightened investment in research and development to create more effective and environmentally friendly spray oil products that cater to the specific needs of various crops.

Compliance with stringent regulatory standards will remain a key focus, ensuring that new spray oil products meet safety and environmental requirements, facilitating their acceptance and use.

Growing awareness among farmers about the benefits of spray oils in improving crop protection and productivity will drive market growth and adoption rates.

The competitive landscape will intensify as both established and new entrants strive to innovate and capture market share, leading to a diverse range of high-quality spray oil products in the market.

CHAPTER NO. 1 : INTRODUCTION 20

1.1.1. Report Description 20

Purpose of the Report 20

USP & Key Offerings 20

1.1.2. Key Benefits for Stakeholders 20

1.1.3. Target Audience 21

1.1.4. Report Scope 21

1.1.5. Country Scope 22

CHAPTER NO. 2 : EXECUTIVE SUMMARY 23

2.1. Agricultural Spray Oil Market Snapshot 23

2.1.1. Southeast Asia Agricultural Spray Oil Market, 2018 – 2032 (Kilo Tons) (USD Million) 25

2.2. Insights from Primary Respondents 25

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 26

3.1. Russia-Ukraine and Israel-Palestine War Impacts 26

CHAPTER NO. 4 : AGRICULTURAL SPRAY OIL MARKET – INDUSTRY ANALYSIS 27

4.1. Introduction 27

4.2. Market Drivers 28

4.2.1. Driving Factor 1 Analysis 28

4.2.2. Driving Factor 2 Analysis 29

4.3. Market Restraints 30

4.3.1. Restraining Factor Analysis 30

4.4. Market Opportunities 31

4.4.1. Market Opportunity Analysis 31

4.5. Porter’s Five Forces Analysis 32

4.6. Value Chain Analysis 33

4.7. Buying Criteria 34

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 35

5.1. Import Analysis By Country 35

5.1.1. Southeast Asia Agricultural Spray Oil Market Import Volume/Revenue, By Country, 2018 – 2023 35

5.2. Export Analysis By Country 36

5.2.1. Southeast Asia Agricultural Spray Oil Market Export Volume/Revenue, By Country, 2018 – 2023 36

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 37

6.1. Demand Analysis By Country 37

6.1.1. Southeast Asia Agricultural Spray Oil Market Demand Volume/Revenue, By Country, 2018 – 2023 37

6.2. Supply Analysis By Country 38

6.2.1. Southeast Asia Agricultural Spray Oil Market Supply Volume/Revenue, By Country, 2018 – 2023 38

CHAPTER NO. 7 : PRODUCTION ANALYSIS 39

7.1. Production Analysis By Country 39

7.1.1. Southeast Asia Agricultural Spray Oil Market Production Volume/Revenue, By Country, 2018 – 2023 39

7.1.2. Southeast Asia Agricultural Spray Oil Market Production Volume, By Country, 2018 – 2023 (Kilo Tons) 40

CHAPTER NO. 8 : PRICE ANALYSIS 41

8.1. Price Analysis By Country 41

8.1.1. Southeast Asia Agricultural Spray Oil Market Price, By Country, 2018 – 2023 41

8.1.2. Southeast Asia Type Market Price, By Country, 2018 – 2023 41

8.2. Price Analysis by Type 42

8.2.1. Southeast Asia Agricultural Spray Oil Market Price, By Type, 2018 – 2023 42

8.2.2. Southeast Asia Type Market Price, By Type, 2018 – 2023 42

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 43

9.1. Key Raw Materials and Suppliers 43

9.2. Key Raw Materials Price Trend 43

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 44

10.1. Manufacturing Cost Analysis 44

10.2. Manufacturing Process 44

CHAPTER NO. 11 : COMPETITIVE LANDSCAPE 45

11.1. Company Market Share Analysis – 2023 45

11.1.1. Southeast Asia Agricultural Spray Oil Market: Company Market Share, by Volume, 2023 45

11.1.2. Southeast Asia Agricultural Spray Oil Market: Company Market Share, by Revenue, 2023 46

11.1.3. Southeast Asia Agricultural Spray Oil Market: Top 6 Company Market Share, by Revenue, 2023 46

11.1.4. Southeast Asia Agricultural Spray Oil Market: Top 3 Company Market Share, by Revenue, 2023 47

11.2. Southeast Asia Agricultural Spray Oil Market Company Volume Market Share, 2023 48

11.3. Southeast Asia Agricultural Spray Oil Market Company Revenue Market Share, 2023 49

11.4. Company Assessment Metrics, 2023 50

11.4.1. Stars 50

11.4.2. Emerging Leaders 50

11.4.3. Pervasive Players 50

11.4.4. Participants 50

11.5. Start-ups /SMEs Assessment Metrics, 2023 50

11.5.1. Progressive Companies 50

11.5.2. Responsive Companies 50

11.5.3. Dynamic Companies 50

11.5.4. Starting Blocks 50

11.6. Strategic Developments 51

11.6.1. Acquisitions & Mergers 51

New Product Launch 51

Country Expansion 51

11.7. Key Players Product Matrix 52

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 53

12.1. PESTEL 53

12.1.1. Political Factors 53

12.1.2. Economic Factors 53

12.1.3. Social Factors 53

12.1.4. Technological Factors 53

12.1.5. Environmental Factors 53

12.1.6. Legal Factors 53

12.2. Adjacent Market Analysis 53

CHAPTER NO. 13 : AGRICULTURAL SPRAY OIL MARKET – BY TYPE SEGMENT ANALYSIS 54

13.1. Agricultural Spray Oil Market Overview, by Type Segment 54

13.1.1. Agricultural Spray Oil Market Volume Share, By Type, 2023 & 2032 55

13.1.2. Agricultural Spray Oil Market Revenue Share, By Type, 2023 & 2032 55

13.1.3. Agricultural Spray Oil Market Attractiveness Analysis, By Type 56

13.1.4. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 56

13.1.5. Agricultural Spray Oil Market Revenue, By Type, 2018, 2023, 2027 & 2032 57

13.2. Vegetable Oil Based 58

13.3. Petroleum Oil Based 59

13.4. Mineral Oils 60

CHAPTER NO. 14 : AGRICULTURAL SPRAY OIL MARKET – BY APPLICATION SEGMENT ANALYSIS 61

14.1. Agricultural Spray Oil Market Overview, by Application Segment 61

14.1.1. Agricultural Spray Oil Market Volume Share, By Application, 2023 & 2032 62

14.1.2. Agricultural Spray Oil Market Revenue Share, By Application, 2023 & 2032 62

14.1.3. Agricultural Spray Oil Market Attractiveness Analysis, By Application 63

14.1.4. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 63

14.1.5. Agricultural Spray Oil Market Revenue, By Application, 2018, 2023, 2027 & 2032 64

14.2. Insecticides 65

14.3. Herbicides 66

14.4. Fungicides 67

CHAPTER NO. 15 : AGRICULTURAL SPRAY OIL MARKET – BY CROP TYPE SEGMENT ANALYSIS 68

15.1. Agricultural Spray Oil Market Overview, by Crop Type Segment 68

15.1.1. Agricultural Spray Oil Market Volume Share, By Crop Type, 2023 & 2032 69

15.1.2. Agricultural Spray Oil Market Revenue Share, By Crop Type, 2023 & 2032 69

15.1.3. Agricultural Spray Oil Market Attractiveness Analysis, By Crop Type 70

15.1.4. Incremental Revenue Growth Opportunity, by Crop Type, 2024 – 2032 70

15.1.5. Agricultural Spray Oil Market Revenue, By Crop Type, 2018, 2023, 2027 & 2032 71

15.2. Fruits, Nuts and Vegetables 72

15.3. Cereals and Grains 73

15.4. Oilseeds 74

CHAPTER NO. 16 : AGRICULTURAL SPRAY OIL MARKET – BY APPLICATION METHOD SEGMENT ANALYSIS 75

16.1. Agricultural Spray Oil Market Overview, by Application Method Segment 75

16.1.1. Agricultural Spray Oil Market Volume Share, By Application Method, 2023 & 2032 76

16.1.2. Agricultural Spray Oil Market Revenue Share, By Application Method, 2023 & 2032 76

16.1.3. Agricultural Spray Oil Market Attractiveness Analysis, By Application Method 77

16.1.4. Incremental Revenue Growth Opportunity, by Application Method, 2024 – 2032 77

16.1.5. Agricultural Spray Oil Market Revenue, By Application Method, 2018, 2023, 2027 & 2032 78

16.2. Aerial Spray 79

16.3. Ground Spray 80

16.4. Chemigation 81

CHAPTER NO. 17 : AGRICULTURAL SPRAY OIL MARKET – BY SALES CHANNEL SEGMENT ANALYSIS 82

17.1. Agricultural Spray Oil Market Overview, by Sales Channel Segment 82

17.1.1. Agricultural Spray Oil Market Volume Share, By Sales Channel, 2023 & 2032 83

17.1.2. Agricultural Spray Oil Market Revenue Share, By Sales Channel, 2023 & 2032 83

17.1.3. Agricultural Spray Oil Market Attractiveness Analysis, By Sales Channel 84

17.1.4. Incremental Revenue Growth Opportunity, by Sales Channel, 2024 – 2032 84

17.1.5. Agricultural Spray Oil Market Revenue, By Sales Channel, 2018, 2023, 2027 & 2032 85

17.2. Online 86

17.3. Offline 87

CHAPTER NO. 18 : AGRICULTURAL SPRAY OIL MARKET – COUNTRY ANALYSIS 88

18.1. Agricultural Spray Oil Market Overview, by Country Segments 88

18.2. Region 89

18.2.1. Southeast Asia Agricultural Spray Oil Market Volume Share, By Country, 2023 & 2032 89

18.2.2. Southeast Asia Agricultural Spray Oil Market Revenue Share, By Country, 2023 & 2032 89

18.2.3. Agricultural Spray Oil Market Attractiveness Analysis, By Country 90

18.2.4. Incremental Revenue Growth Opportunity, By Country, 2024 – 2032 90

18.2.5. Agricultural Spray Oil Market Revenue, By Country, 2018, 2023, 2027 & 2032 91

18.2.6. Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Country, 2018 – 2023 (Kilo Tons) (USD Million) 92

18.2.7. Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Country, 2024 – 2032 (Kilo Tons) (USD Million) 92

18.3. Type 94

18.3.1. Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Type, 2018 – 2023 (Kilo Tons) (USD Million) 94

18.4. Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Type, 2024 – 2032 (Kilo Tons) (USD Million) 94

18.5. Application 96

18.5.1. Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Application, 2018 – 2023 (Kilo Tons) (USD Million) 96

18.5.2. Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Application, 2024 – 2032 (Kilo Tons) (USD Million) 97

18.6. Crop Type 98

18.6.1. Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Crop Type, 2018 – 2023 (Kilo Tons) (USD Million) 98

18.6.2. Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Crop Type, 2024 – 2032 (Kilo Tons) (USD Million) 99

18.7. Application Method 100

18.7.1. Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Application Method, 2018 – 2023 (Kilo Tons) (USD Million) 100

18.7.2. Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Application Method, 2024 – 2032 (Kilo Tons) (USD Million) 101

18.8. Sales Channel 102

18.8.1. Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Sales Channel, 2018 – 2023 (Kilo Tons) (USD Million) 102

18.8.2. Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Sales Channel, 2024 – 2032 (Kilo Tons) (USD Million) 103

CHAPTER NO. 19 : AGRICULTURAL SPRAY OIL MARKET – SOUTHEAST ASIA 104

19.1. Southeast Asia 104

19.1.1. Key Highlights 104

19.1.2. Southeast Asia Agricultural Spray Oil Market Volume, By Country, 2018 – 2032 (Kilo Tons) 105

19.1.3. Southeast Asia Agricultural Spray Oil Market Revenue, By Country, 2018 – 2023 (USD Million) 106

19.1.4. Southeast Asia Agricultural Spray Oil Market Volume, By Type, 2018 – 2023 (Kilo Tons) 107

19.1.5. Southeast Asia Agricultural Spray Oil Market Revenue, By Type, 2018 – 2023 (USD Million) 108

19.1.6. Southeast Asia Agricultural Spray Oil Market Volume, By Application, 2018 – 2023 (Kilo Tons) 109

19.1.7. Southeast Asia Agricultural Spray Oil Market Revenue, By Application, 2018 – 2023 (USD Million) 110

19.1.8. Southeast Asia Agricultural Spray Oil Market Volume, By Crop Type, 2018 – 2023 (Kilo Tons) 111

19.1.9. Southeast Asia Agricultural Spray Oil Market Revenue, By Crop Type, 2018 – 2023 (USD Million) 112

19.1.10. Southeast Asia Agricultural Spray Oil Market Volume, By Application Method, 2018 – 2023 (Kilo Tons) 113

19.1.11. Southeast Asia Agricultural Spray Oil Market Revenue, By Application Method, 2018 – 2023 (USD Million) 114

19.1.12. Southeast Asia Agricultural Spray Oil Market Volume, By Sales Channel, 2018 – 2023 (Kilo Tons) 115

19.1.13. Southeast Asia Agricultural Spray Oil Market Revenue, By Sales Channel, 2018 – 2023 (USD Million) 116

19.2. Thailand 117

19.3. Indonesia 117

19.4. Vietnam 117

19.5. Malaysia 117

19.6. Philippines 117

19.7. Cambodia 117

19.8. Myanmar 117

19.9. Laos 117

19.10. Rest of Southeast Asia 117

CHAPTER NO. 21 : COMPANY PROFILES 118

21.1. BASF SE 118

21.1.1. Company Overview 118

21.1.2. Product Portfolio 118

21.1.3. Swot Analysis 118

21.1.4. Business Strategy 119

21.1.5. Financial Overview 119

21.2. Bayer CropScience 120

21.3. Syngenta AG 120

21.4. Sumitomo Chemical Asia 120

21.5. Nufarm 120

21.6. UPL Limited 120

21.7. Mitsui Chemicals 120

21.8. Yara International 120

21.9. ADAMA Agricultural Solutions 120

21.10. FMC Corporation 120

21.11. Zhejiang Jinfanda Biochemical Co., Ltd. 120

21.12. Jiangsu Huifeng Agrochemical Co., Ltd. 120

21.13. Jiangsu Yangnong Chemical Group Co., Ltd. 120

21.14. Jiangxi Tiansheng New Materials Co.,Ltd 120

21.15. Jiande City Silibase Silicone New Material Manufacturer Co., Ltd 120

21.16. SILIBASE SILICONE 120

21.17. Victorian Chemical Company Pty Ltd. 120

21.18. Indofil Industries Limited 120

21.19. Vietnam Pesticide Joint Stock Company (VIETCHEM) 120

CHAPTER NO. 22 : RESEARCH METHODOLOGY 121

22.1. Research Methodology 121

22.1.1. Phase I – Secondary Research 122

22.1.2. Phase II – Data Modeling 122

Company Share Analysis Model 123

Revenue Based Modeling 123

22.1.3. Phase III – Primary Research 124

22.1.4. Research Limitations 125

Assumptions 125

List of Figures

FIG NO. 1. Southeast Asia Agricultural Spray Oil Market Volume & Revenue, 2018 – 2032 (Kilo Tons) (USD Million) 25

FIG NO. 2. Porter’s Five Forces Analysis for Southeast Asia Agricultural Spray Oil Market 32

FIG NO. 3. Value Chain Analysis for Southeast Asia Agricultural Spray Oil Market 33

FIG NO. 4. Southeast Asia Agricultural Spray Oil Market Import Volume/Revenue, By Country, 2018 – 2023 35

FIG NO. 5. Southeast Asia Agricultural Spray Oil Market Export Volume/Revenue, By Country, 2018 – 2023 36

FIG NO. 6. Southeast Asia Agricultural Spray Oil Market Demand Volume/Revenue, By Country, 2018 – 2023 37

FIG NO. 7. Southeast Asia Agricultural Spray Oil Market Supply Volume/Revenue, By Country, 2018 – 2023 38

FIG NO. 8. Southeast Asia Agricultural Spray Oil Market Production Volume/Revenue, By Country, 2018 – 2023 39

FIG NO. 9. Southeast Asia Agricultural Spray Oil Market Price, By Country, 2018 – 2023 41

FIG NO. 10. Southeast Asia Agricultural Spray Oil Market Price, By Type, 2018 – 2023 42

FIG NO. 11. Raw Materials Price Trend Analysis, 2018 – 2023 43

FIG NO. 12. Manufacturing Cost Analysis 44

FIG NO. 13. Manufacturing Process 44

FIG NO. 14. Company Share Analysis, 2023 45

FIG NO. 15. Company Share Analysis, 2023 46

FIG NO. 16. Company Share Analysis, 2023 46

FIG NO. 17. Company Share Analysis, 2023 47

FIG NO. 18. Agricultural Spray Oil Market – Company Volume Market Share, 2023 48

FIG NO. 19. Agricultural Spray Oil Market – Company Revenue Market Share, 2023 49

FIG NO. 20. Agricultural Spray Oil Market Volume Share, By Type, 2023 & 2032 55

FIG NO. 21. Agricultural Spray Oil Market Revenue Share, By Type, 2023 & 2032 55

FIG NO. 22. Market Attractiveness Analysis, By Type 56

FIG NO. 23. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 56

FIG NO. 24. Agricultural Spray Oil Market Revenue, By Type, 2018, 2023, 2027 & 2032 57

FIG NO. 25. Southeast Asia Agricultural Spray Oil Market for Vegetable Oil Based, Volume & Revenue (Kilo Tons) (USD Million) 2018 – 2032 58

FIG NO. 26. Southeast Asia Agricultural Spray Oil Market for Petroleum Oil Based, Volume & Revenue (Kilo Tons) (USD Million) 2018 – 2032 59

FIG NO. 27. Southeast Asia Agricultural Spray Oil Market for Mineral Oils, Volume & Revenue (Kilo Tons) (USD Million) 2018 – 2032 60

FIG NO. 28. Agricultural Spray Oil Market Volume Share, By Application, 2023 & 2032 62

FIG NO. 29. Agricultural Spray Oil Market Revenue Share, By Application, 2023 & 2032 62

FIG NO. 30. Market Attractiveness Analysis, By Application 63

FIG NO. 31. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 63

FIG NO. 32. Agricultural Spray Oil Market Revenue, By Application, 2018, 2023, 2027 & 2032 64

FIG NO. 33. Southeast Asia Agricultural Spray Oil Market for Insecticides, Volume & Revenue (Kilo Tons) (USD Million) 2018 – 2032 65

FIG NO. 34. Southeast Asia Agricultural Spray Oil Market for Herbicides, Volume & Revenue (Kilo Tons) (USD Million) 2018 – 2032 66

FIG NO. 35. Southeast Asia Agricultural Spray Oil Market for Fungicides, Volume & Revenue (Kilo Tons) (USD Million) 2018 – 2032 67

FIG NO. 36. Agricultural Spray Oil Market Volume Share, By Crop Type, 2023 & 2032 69

FIG NO. 37. Agricultural Spray Oil Market Revenue Share, By Crop Type, 2023 & 2032 69

FIG NO. 38. Market Attractiveness Analysis, By Crop Type 70

FIG NO. 39. Incremental Revenue Growth Opportunity by Crop Type, 2024 – 2032 70

FIG NO. 40. Agricultural Spray Oil Market Revenue, By Crop Type, 2018, 2023, 2027 & 2032 71

FIG NO. 41. Southeast Asia Agricultural Spray Oil Market for Fruits, Nuts and Vegetables, Volume & Revenue (Kilo Tons) (USD Million) 2018 – 2032 72

FIG NO. 42. Southeast Asia Agricultural Spray Oil Market for Cereals and Grains, Volume & Revenue (Kilo Tons) (USD Million) 2018 – 2032 73

FIG NO. 43. Southeast Asia Agricultural Spray Oil Market for Oilseeds, Volume & Revenue (Kilo Tons) (USD Million) 2018 – 2032 74

FIG NO. 44. Agricultural Spray Oil Market Volume Share, By Application Method, 2023 & 2032 76

FIG NO. 45. Agricultural Spray Oil Market Revenue Share, By Application Method, 2023 & 2032 76

FIG NO. 46. Market Attractiveness Analysis, By Application Method 77

FIG NO. 47. Incremental Revenue Growth Opportunity by Application Method, 2024 – 2032 77

FIG NO. 48. Agricultural Spray Oil Market Revenue, By Application Method, 2018, 2023, 2027 & 2032 78

FIG NO. 49. Southeast Asia Agricultural Spray Oil Market for Aerial Spray, Volume & Revenue (Kilo Tons) (USD Million) 2018 – 2032 79

FIG NO. 50. Southeast Asia Agricultural Spray Oil Market for Ground Spray, Volume & Revenue (Kilo Tons) (USD Million) 2018 – 2032 80

FIG NO. 51. Southeast Asia Agricultural Spray Oil Market for Chemigation, Volume & Revenue (Kilo Tons) (USD Million) 2018 – 2032 81

FIG NO. 52. Agricultural Spray Oil Market Volume Share, By Sales Channel, 2023 & 2032 83

FIG NO. 53. Agricultural Spray Oil Market Revenue Share, By Sales Channel, 2023 & 2032 83

FIG NO. 54. Market Attractiveness Analysis, By Sales Channel 84

FIG NO. 55. Incremental Revenue Growth Opportunity by Sales Channel, 2024 – 2032 84

FIG NO. 56. Agricultural Spray Oil Market Revenue, By Sales Channel, 2018, 2023, 2027 & 2032 85

FIG NO. 57. Southeast Asia Agricultural Spray Oil Market for Online, Volume & Revenue (Kilo Tons) (USD Million) 2018 – 2032 86

FIG NO. 58. Southeast Asia Agricultural Spray Oil Market for Offline, Volume & Revenue (Kilo Tons) (USD Million) 2018 – 2032 87

FIG NO. 59. Southeast Asia Agricultural Spray Oil Market Volume Share, By Country, 2023 & 2032 89

FIG NO. 60. Southeast Asia Agricultural Spray Oil Market Revenue Share, By Country, 2023 & 2032 89

FIG NO. 61. Market Attractiveness Analysis, By Country 90

FIG NO. 62. Incremental Revenue Growth Opportunity By Country, 2024 – 2032 90

FIG NO. 63. Agricultural Spray Oil Market Revenue, By Country, 2018, 2023, 2027 & 2032 91

FIG NO. 64. Southeast Asia Agricultural Spray Oil Market Volume & Revenue, 2018 – 2032 (Kilo Tons) (USD Million) 104

FIG NO. 65. Research Methodology – Detailed View 121

FIG NO. 66. Research Methodology 122

List of Tables

TABLE NO. 1. : Southeast Asia Agricultural Spray Oil Market: Snapshot 23

TABLE NO. 2. : Drivers for the Agricultural Spray Oil Market: Impact Analysis 28

TABLE NO. 3. : Restraints for the Agricultural Spray Oil Market: Impact Analysis 30

TABLE NO. 4. : Southeast Asia Agricultural Spray Oil Market Production Volume, By Country, 2018 – 2023 (Kilo Tons) 40

TABLE NO. 5. : Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Country, 2018 – 2023 41

TABLE NO. 6. : Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Type, 2018 – 2023 42

TABLE NO. 7. : Key Raw Materials & Suppliers 43

TABLE NO. 8. : Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Country, 2018 – 2023 (Kilo Tons) (USD Million) 92

TABLE NO. 9. : Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Country, 2024 – 2032 (Kilo Tons) (USD Million) 92

TABLE NO. 10. : Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Type, 2018 – 2023 (Kilo Tons) (USD Million) 93

TABLE NO. 11. : Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Type, 2024 – 2032 (Kilo Tons) (USD Million) 93

TABLE NO. 12. : Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Application, 2018 – 2023 (Kilo Tons) (USD Million) 94

TABLE NO. 13. : Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Application, 2024 – 2032 (Kilo Tons) (USD Million) 95

TABLE NO. 14. : Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Crop Type, 2018 – 2023 (Kilo Tons) (USD Million) 96

TABLE NO. 15. : Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Crop Type, 2024 – 2032 (Kilo Tons) (USD Million) 97

TABLE NO. 16. : Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Application Method, 2018 – 2023 (Kilo Tons) (USD Million) 98

TABLE NO. 17. : Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Application Method, 2024 – 2032 (Kilo Tons) (USD Million) 99

TABLE NO. 18. : Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Sales Channel, 2018 – 2023 (Kilo Tons) (USD Million) 100

TABLE NO. 19. : Southeast Asia Agricultural Spray Oil Market Volume & Revenue, By Sales Channel, 2024 – 2032 (Kilo Tons) (USD Million) 101

TABLE NO. 20. : Southeast Asia Agricultural Spray Oil Market Volume, By Country, 2018 – 2023 (Kilo Tons) 103

TABLE NO. 21. : Southeast Asia Agricultural Spray Oil Market Volume, By Country, 2024 – 2032 (Kilo Tons) 103

TABLE NO. 22. : Southeast Asia Agricultural Spray Oil Market Revenue, By Country, 2018 – 2023 (USD Million) 104

TABLE NO. 23. : Southeast Asia Agricultural Spray Oil Market Revenue, By Country, 2024 – 2032 (USD Million) 104

TABLE NO. 24. : Southeast Asia Agricultural Spray Oil Market Volume, By Type, 2018 – 2023 (Kilo Tons) 105

TABLE NO. 25. : Southeast Asia Agricultural Spray Oil Market Volume, By Type, 2024 – 2032 (Kilo Tons) 105

TABLE NO. 26. : Southeast Asia Agricultural Spray Oil Market Revenue, By Type, 2018 – 2023 (USD Million) 106

TABLE NO. 27. : Southeast Asia Agricultural Spray Oil Market Revenue, By Type, 2024 – 2032 (USD Million) 106

TABLE NO. 28. : Southeast Asia Agricultural Spray Oil Market Volume, By Application, 2018 – 2023 (Kilo Tons) 107

TABLE NO. 29. : Southeast Asia Agricultural Spray Oil Market Volume, By Application, 2024 – 2032 (Kilo Tons) 107

TABLE NO. 30. : Southeast Asia Agricultural Spray Oil Market Revenue, By Application, 2018 – 2023 (USD Million) 108

TABLE NO. 31. : Southeast Asia Agricultural Spray Oil Market Revenue, By Application, 2024 – 2032 (USD Million) 108

TABLE NO. 32. : Southeast Asia Agricultural Spray Oil Market Volume, By Crop Type, 2018 – 2023 (Kilo Tons) 109

TABLE NO. 33. : Southeast Asia Agricultural Spray Oil Market Volume, By Crop Type, 2024 – 2032 (Kilo Tons) 109

TABLE NO. 34. : Southeast Asia Agricultural Spray Oil Market Revenue, By Crop Type, 2018 – 2023 (USD Million) 110

TABLE NO. 35. : Southeast Asia Agricultural Spray Oil Market Revenue, By Crop Type, 2024 – 2032 (USD Million) 110

TABLE NO. 36. : Southeast Asia Agricultural Spray Oil Market Volume, By Application Method, 2018 – 2023 (Kilo Tons) 111

TABLE NO. 37. : Southeast Asia Agricultural Spray Oil Market Volume, By Application Method, 2024 – 2032 (Kilo Tons) 111

TABLE NO. 38. : Southeast Asia Agricultural Spray Oil Market Revenue, By Application Method, 2018 – 2023 (USD Million) 112

TABLE NO. 39. : Southeast Asia Agricultural Spray Oil Market Revenue, By Application Method, 2024 – 2032 (USD Million) 112

TABLE NO. 40. : Southeast Asia Agricultural Spray Oil Market Volume, By Sales Channel, 2018 – 2023 (Kilo Tons) 113

TABLE NO. 41. : Southeast Asia Agricultural Spray Oil Market Volume, By Sales Channel, 2024 – 2032 (Kilo Tons) 113

TABLE NO. 42. : Southeast Asia Agricultural Spray Oil Market Revenue, By Sales Channel, 2018 – 2023 (USD Million) 114

TABLE NO. 43. : Southeast Asia Agricultural Spray Oil Market Revenue, By Sales Channel, 2024 – 2032 (USD Million) 114

Frequently Asked Questions:

What is the projected growth of the Southeast Asia Agricultural Spray Oil Market?

The market is expected to grow from USD 29.49 million in 2023 to an estimated USD 47.68 million by 2032, with a compound annual growth rate (CAGR) of 5.44%.

What are the key drivers of market growth?

Key drivers include the rising adoption of advanced agricultural practices, increasing demand for high-quality produce, and the necessity to improve crop productivity due to limited arable land.

How do agricultural spray oils benefit crop protection?

Agricultural spray oils help control pests, reduce disease spread, and enhance the efficacy of other pesticides, leading to healthier crops and improved yields.

Which countries are leading the market growth in Southeast Asia?

Indonesia, Thailand, and Vietnam are leading the market growth due to their large agricultural sectors and favorable climatic conditions for diverse crop cultivation.

Who are the major players in the Southeast Asia Agricultural Spray Oil Market?

Key players include BASF SE, Bayer CropScience, Syngenta AG, Sumitomo Chemical Asia, Nufarm, UPL Limited, Mitsui Chemicals, and Yara International, among others.

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