Credence Research, Inc published the latest market report, “Global Ethephon Market: Growth, Future Prospects, and Competitive Analysis, 2017 – 2030”. The Global Ethephon Market generated revenue of around USD 351.6 million in 2022 and is anticipated to grow a CAGR of over 8.9% during the forecast period from 2023 to 2030 to reach around USD 638.6 million in 2030.
The rising need for cotton from the worldwide textile industry drives the global ethephon market. Due to rising disposable income among consumers in emerging markets, the demand for both practical and stylish clothing is expanding significantly. In the coming years, stronger cotton breeds are anticipated to result in a steady demand for plant growth regulators like ethephon. Stronger cotton breeds have also emerged due to agriculture’s ongoing technological development.
The global ethephon market is bifurcated into Crop, Application and Geography. Based on the crop, the market is segmented into cotton, tobacco, wheat, coffee, rice, fruits (pineapple, banana, others), rubber, and other crops. The application categorizes the market into fruit ripening, abscission, flower induction, and others. The market is segmented based on geography: Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.
Due to China’s extensive manufacturing, the Asia Pacific region is anticipated to hold the largest share of the world’s ethephon market for many years. Two major ethephon producers on the world market are Rhone-Poulenc (Bayer Crop Science) and Jiangsu Anpon Electrochemicals Co. The Asia Pacific ethephon market is predicted to expand gradually due to China’s agricultural sector. In the upcoming years, it is projected that ethephon will continue to have a significant regional market in Australia, Malaysia, South Korea, Japan, India, and other important agricultural producers in the region, including South Korea.
The Ethephon Market major players analysis is an in-depth examination of the key players involved in the production and distribution of ethephon. This report provides a detailed overview of each company’s operations, products, market share, revenue growth, and future prospects. The key players analyzed include Bayer CropScience AG, BASF SE, Dow AgroSciences LLC (a subsidiary of The Dow Chemical Company), Nufarm Limited, Syngenta AG, ADAMA Agricultural Solutions Ltd., Rotam CropSciences Ltd., Sharda Cropchem Limited, Rallis India Limited (a subsidiary of Tata Chemicals Limited), and West Coast Marine Bio-Processing Corp.
The global ethephon market is expected to witness significant growth in the coming years, driven by various factors such as the increasing demand for agricultural products, rising need for crop protection, and growing adoption of organic farming practices.
- One of the key factors driving the growth of the market is the increasing demand for agricultural products. With the growing population and changing dietary habits, there has been a significant increase in the demand for food products such as fruits, vegetables, and grains. This has led to the introduction of advanced agricultural practices that can improve crop yields and quality, leading to the use of ethephon as a growth regulator.
- Another factor driving the growth of the market is the rising need for crop protection. The use of ethephon as a plant growth regulator helps in protecting crops from various biotic and abiotic stresses such as pests, diseases, and adverse weather conditions, which can damage the crop and reduce its yield. This has led to the increasing adoption of ethephon by farmers and crop growers worldwide.
- Moreover, the growing adoption of organic farming practices is expected to boost the growth of the market. Organic farming practices involve the use of natural and sustainable inputs, including growth regulators such as ethephon, to improve crop yields and quality. This has led to the increasing demand for ethephon by organic farmers and growers.
- In addition, the increasing awareness about the benefits of ethephon in improving crop quality and yield is expected to drive the growth of the market. Ethephon is a safe and effective plant growth regulator that can help in improving the quality and yield of crops such as fruits and vegetables, leading to its increasing adoption by farmers and growers worldwide.
- Furthermore, the introduction of advanced formulations and products that contain ethephon is expected to boost the growth of the market. Manufacturers are introducing new and innovative products that contain ethephon, such as micro-encapsulated ethephon, which can improve the efficacy and safety of the product.
- Overall, the ethephon market is expected to witness significant growth worldwide due to the increasing demand for agricultural products, rising need for crop protection, growing adoption of organic farming practices, increasing awareness about the benefits of ethephon, and the introduction of advanced formulations and products that contain ethephon.
Why Buy This Report-
- The report provides a quantitative and qualitative analysis of the global ethephon market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2018-2021, base year- 2022, and forecast period 2023-2030.
- The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
- In-depth analysis of the global ethephon market segmentation based on crop and application.
- Major countries in each region with their import/export statistics
- The global ethephon market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
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