Ethylene Releasing Compounds Market Size Worth $200.8 Million By 2030: IndustryARC
Research Reports
Aug 22, 2024
Ethylene Releasing Compounds Market size is predicted to reach $200.8 Million by 2030, growing at a CAGR of 5.6% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The Ethylene Releasing Compounds Market is experiencing significant growth and demand due to advancements in agricultural practices and increasing global food security concerns. These compounds play a crucial role in enhancing fruit ripening and extending shelf life, making them indispensable in the supply chain of fresh produce. Technological innovations and research are driving the development of more efficient and environmentally friendly ethylene releasing solutions. Furthermore, the market benefits from the rising consumer preference for organic and fresh foods, which necessitates better post-harvest management. Key industry players are investing in research and development to create novel applications and improve product efficacy, thereby broadening the market scope, finds IndustryARC in its recent report, titled “Ethylene Releasing Compounds Market – By Type (Acetylcysteine, Ethephon, Glyoxime and Etacelasil), By End-use Industry (Fruits & Vegetables (Apple, Avocadoes, Tomatoes, Beans and Others), Turf & Ornamental, Cereals & Grains (Wheat, Rice, Corn and Others), Oilseed & Pulses (Cotton Seed, Soya Bean, Sunflower and Others) and Others), By Geography (North America, South America, Asia Pacific, Europe and RoW) – Global Opportunity Analysis & Industry Forecast, 2024-2030”
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Asia Pacific to Register Highest Growth:
The Asia Pacific region is anticipated to experience the highest Growth of CAGR 5.7% in the Ethylene Releasing Compounds Market between 2024 and 2030. The Asia Pacific region is poised to experience the highest growth in the ethylene releasing compounds market, driven by several key factors. A significant surge in agricultural activities, particularly in countries like China and India, is creating robust demand for these compounds due to their efficacy in enhancing crop yield and quality. Additionally, rapid industrialization and urbanization are propelling the need for advanced agricultural practices, further supporting market expansion. The region’s favorable regulatory environment and increasing investments in research and development are also fostering innovation and the adoption of ethylene releasing compounds. Moreover, rising awareness among farmers regarding the benefits of these compounds is leading to their widespread acceptance and utilization. As a result, Asia Pacific is emerging as a critical player in the global ethylene releasing compounds market, attracting substantial interest from major industry stakeholders seeking to capitalize on the region’s growth potential. In January 2024, Saudi Arabian Basic Industries Corp. (SABIC) and Fujian Energy and Petrochemical Group (FEPG) have taken positive final investment decision (FID) to proceed with construction of a grassroots olefins and derivatives complex at the Gulei Petrochemical Industrial Park (GPIP) in Zhangzhou City, Fujian Province, China.
Ethylene Releasing Compounds Market 2024-2030: Scope of the Report
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Report Metric |
Details |
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Base Year Considered |
2023 |
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Forecast Period |
2024–2030 |
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CAGR |
5.6% |
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Market Size in 2030 |
$200.8 Million |
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Segments Covered |
Type, End Use Industry and Region |
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Geographies Covered |
North America, South America, Asia Pacific, Europe and RoW |
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Key Market Players |
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Ethylene Releasing Compounds Market Report – Key Takeaways:
Ethephon Segment to Register Highest Growth
By Type, Ethephon segment is analyzed to grow with the highest CAGR of 6.2% during the forecast period 2024-2030. The Ethephon segment is poised to register the highest growth within the ethylene-releasing compounds market, driven by its extensive application in agriculture. As a plant growth regulator, Ethephon’s ability to release ethylene and accelerate fruit ripening, flowering, and other vital physiological processes makes it invaluable to the agricultural sector. Its efficacy in enhancing crop yields, improving quality, and facilitating synchronized harvesting has garnered significant adoption among farmers and agronomists. Additionally, the rising demand for better crop management solutions amid global food security concerns underscores Ethephon’s strategic importance. Advances in agricultural technologies and the increased focus on sustainable farming practices further amplify its market potential. Leading agrochemical companies are actively investing in Ethephon research and development, aiming to innovate and optimize formulations for diverse climatic conditions and crop types. Consequently, the Ethephon segment is set to emerge as a key growth driver in the ethylene-releasing compounds market.
Fruits & Vegetables Segment is Leading the Market
Fruits & Vegetables segment held a major market share in 2023 and is analyzed to continue its dominance over the market growing at CAGR 6.1% during the forecast period 2024-2030. The Fruits & Vegetables segment stands out as the predominant force in the Ethylene Releasing Compounds market, driven by its critical role in enhancing agricultural productivity and extending the shelf life of fresh produce. Ethylene releasing compounds are extensively utilized to accelerate the ripening process, ensuring timely market availability and improved quality of fruits and vegetables. This application is particularly beneficial in managing supply chains and reducing post-harvest losses. The segment’s leadership is further bolstered by ongoing innovations and the integration of advanced technologies, which cater to the evolving demands of both producers and consumers. As per National Horticulture Database (2nd Advance Estimates) published by National Horticulture Board, during 2023-24, India produced 112.62 million metric tons of fruits and 204.96 million metric tons of vegetables. The area under cultivation of fruits stood at 7.04 million hectares while vegetables were cultivated at 11.11 million hectares.
Supply Chain Disruptions as A Major Challenge
Supply chain disruptions pose a significant challenge in the Ethylene Releasing Compounds market, affecting the entire production and distribution process. These disruptions, often stemming from geopolitical tensions, natural disasters, and logistic bottlenecks, lead to delays in raw material procurement and inconsistencies in supply. Such instability hampers manufacturers’ ability to meet demand efficiently, resulting in increased operational costs and strained relationships with clients. Moreover, the market’s reliance on a few key suppliers exacerbates vulnerabilities, making it difficult to mitigate risks swiftly. The unpredictability of supply chains necessitates robust contingency planning and diversification strategies to ensure a steady flow of materials. As companies strive to adapt, they must also invest in advanced technologies and collaborate closely with supply chain partners to enhance resilience and flexibility. Addressing these challenges is crucial for maintaining competitiveness and ensuring the sustainable growth of the Ethylene Releasing Compounds market.
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Key Opportunity Analysis:
Integration with Smart Agriculture
Integration with smart agriculture presents a significant growth opportunity in the Ethylene Releasing Compounds (ERC) market. As precision farming and advanced agricultural technologies become increasingly prevalent, the demand for ERCs is set to rise. These compounds play a crucial role in enhancing crop yields and extending shelf life by accelerating the ripening process, which aligns well with the goals of smart agriculture. By leveraging IoT devices, sensors, and data analytics, farmers can optimize the application of ERCs, ensuring efficient use and maximum benefit. This synergy not only boosts productivity but also promotes sustainable farming practices by reducing waste and enhancing resource management. Furthermore, the integration of ERCs with automated systems can streamline operations, providing real-time adjustments and fostering a responsive agricultural ecosystem. As the agriculture sector continues to embrace innovation, the ERC market stands to gain considerably from this technological advancement.
Strategic Partnerships and Collaborations
Strategic partnerships and collaborations represent a significant growth opportunity in the Ethylene Releasing Compounds market, enabling companies to leverage complementary strengths and resources. By aligning with research institutions, agricultural firms, and technology innovators, businesses can enhance product development and accelerate the commercialization of advanced solutions. Such alliances facilitate access to cutting-edge technologies and diverse distribution channels, allowing for a broader market reach. Furthermore, collaborations can drive innovation by combining expertise in areas such as sustainable agricultural practices and biochemistry, ultimately leading to the development of more effective and environmentally friendly products. The pooling of resources not only mitigates risks but also fosters a shared vision for sustainable growth, positioning partners to respond more swiftly to evolving market demands and regulatory changes. This collaborative approach is essential in navigating the complexities of the industry while maximizing competitive advantage and fostering long-term success.
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The Report also Covers the Following Areas:
- Ethylene Releasing Compounds Market Size and Forecast
- Ethylene Releasing Compounds Market Trends
- Ethylene Releasing Compounds Market Analysis by Type
Ethylene Releasing Compounds Market 2024-2030: Key Highlights
- CAGR of the market during the forecast period 2024-2030
- Value Chain analysis of key stake holders
- Detailed analysis of market drivers and opportunities during the forecast period
- Ethylene Releasing Compounds Market size estimation and forecast
- Analysis and predictions on end users’ behavior and upcoming trends
- Competitive landscape and Vendor market analysis including offerings, developments, and financials
- Comprehensive analysis of challenges and constraints in the Ethylene Releasing Compounds Market
Covid and Ukrainian Crisis Impact:
The COVID-19 pandemic significantly disrupted the Ethylene Releasing Compounds market, leading to supply chain interruptions and a shift in agricultural practices. Increased focus on food security prompted greater adoption of these compounds in agriculture, while changing consumer preferences for sustainable practices spurred innovation. Companies adapted by enhancing product development and embracing digital solutions to navigate the evolving landscape.
The Russia-Ukraine conflict has disrupted supply chains and increased raw material costs in the Ethylene Releasing Compounds market. Geopolitical tensions have led to uncertainty among investors and stakeholders, hindering market expansion and innovation. Furthermore, the instability in the region has prompted companies to reassess sourcing strategies, impacting production schedules and creating volatility in pricing and availability.
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List of Key Market Players in Ethylene Releasing Compounds Market:
The Ethylene Releasing Compounds Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
- Dow Agro Sciences LLC
- Canary Agro Chemicals Private Limited
- DuPont de Nemours, Inc
- ADAMA Agricultural Solutions Ltd
- Syngenta AG
- FMC Corporation
- Nufarm
- BASF SE
- Bayer Crop Science Limited
- Sumitomo Chemicals
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Mr. Venkat Reddy Email: sales@industryarc.com USA: (+1) 518-282-4727
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