Ethephon Market Expects North America to Maintain its Dominance Till The End of Forecast Period
The Ethephon Market
deals with the development of plant growth regulator that is ethephon. Ethephon is a most popular and widely used plant growth regulator belonging to the phosphonate family. Basically, ethephon is used by farmers all across the world.
Ethephon is used to promote and harvest ripening, to aid in harvesting and post-harvest ripening in crops and to initiate reproductive developments of fruits. It is used in various crops such as cotton, tobacco, wheat, coffee, rice, fruits, rubber and some other crops. The market of ethephon is also segmented based on the regions and those regions are Europe, Asia-Pacific, North America and Rest of the World.
Rising demand to promote pre-harvest and post-harvest ripening is the primary factor that gives great prominence to the Ethephon Market. The implementation of strict agricultural quality norms that place heavy importance on the appearance results in the demand for ethephon and acts like as prime growth driver for the market of ethephon. The intense need for an increase in crop productivity is also vital for the market.
The rising disposable income of consumers in emerging regions is also encouraging the market growth. However, the high volatile raw material price of ethephon is the key factor that restraints the market growth. In addition, availability of several alternatives to ethephon is likely to be the major restraint for the market during the forecast period.
North America is dominating the Ethephon Market, due to advanced and scientific agricultural practices by farmers and high awareness regarding ethephon uses and benefits. Also, it is expected to continue its dominance during the forecast period, followed by Asia-Pacific and Europe. Asia-Pacific is projected to register the fastest growth during the forecast period. In emerging nations such as India and China, the demand for ethephon is expected to be high due to a high number of farmers in these countries.
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