Email
Print
Market Overview:
The Ethylene Releasing Compounds size is estimated to reach $200.8 Million by 2030, growing at a CAGR of 5.6% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “Ethylene Releasing Compounds – By Type (Acetylcysteine, Ethephon, Glyoxime and Etacelasil), By End-User (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 - Global Opportunity Analysis & Industry Forecast, 2023-2030” Enhancing Agricultural Output and Increasing Production of Oilseeds and Pulses are fueling the growth of the Probiotics industry during the forecast period.
Europe Dominated the Market in 2023:
In 2023, Europe held the largest share of the Ethylene Releasing Compounds market, accounting for up to 41%. This growth is driven by increasing agricultural production, the rise of organic farming trends, and supportive government policies for agriculture. Agriculture in Europe is thriving due to factors such as the growing production and trade of fruits and vegetables, favorable agricultural policies, and urbanization. For example, the UK’s Department for Environment, Food & Rural Affairs reported a 4.8% increase in the value of domestically produced vegetables, reaching nearly £1.8 billion in 2022. Additionally, the United States Department of Agriculture (USDA) estimated that wheat production in the European Union reached 136.1 million metric tons in 2022, a 3% rise compared to the five-year average of 132.7 million metric tons. With a strong agricultural sector and increasing production of fruits, vegetables, cereals, and other crops, the use of ethylene-releasing compounds for plant growth regulation is expanding, further boosting demand in the European market during the forecast period.
Ethylene Releasing Compounds: Key Takeaways
Enhancing Agricultural Output Fuels Market Expansion:
The demand for ethylene-releasing compounds is rapidly increasing in the agriculture sector due to their role as plant growth regulators or inhibitors. Investments and initiatives aimed at promoting organic and sustainable farming practices for crops, cereals, fruits, vegetables, and more are growing, driven by factors such as the rising preference for organic farming products, environmental sustainability, the reduction of harmful chemicals, and the need for higher yields. For example, in the 2022-23 Union Budget, India’s Department of Agriculture, Cooperation, and Farmers' Welfare was allocated Rs 1,24,000 crore (US$ 14.8 billion), a 5% increase, which is expected to positively impact agricultural activities in the country. In September 2023, Scott Nathan, CEO of the U.S. International Development Finance Corporation (DFC), announced that the DFC had surpassed its goal of committing over $1 billion to improve global food security, achieving this two years ahead of schedule. The DFC aims to invest an additional $1 billion by 2026 to continue this effort. Additionally, according to the India Brand Equity Foundation (IBEF), India’s agriculture sector is expected to reach US$24 billion by 2025. As agricultural production expands, the use of ethylene-releasing compounds to enhance plant growth and ripening is increasing, further driving demand and growth in the ethylene-releasing compounds market.
Increasing Production of Oilseeds and Pulses is driving market growth
Ethylene-releasing compounds are experiencing growing demand in the oilseeds and pulses production sector due to their key role in promoting plant growth and accelerating seed germination. The expansion of this sector is driven by factors such as the adoption of modern farming technologies, higher yields, and increasing industrialization. For example, the National Investment Promotion & Facilitation Agency reports that India's total food grain production reached a record 329.6 million tonnes, up by 14.07 million tonnes from the previous year. Similarly, the National Cotton Council of America, under the USDA June report, indicated a global cotton production increase of 4.3 million bales, reaching 121.3 million bales in 2022. Additionally, according to the Indian Brand Equity Foundation (IBEF), India's total oilseeds production for 2022-23 is projected at a record 40.9 million MT, an increase of 3.03 million tonnes compared to the previous year. This rise in seed and grain cultivation is driving the demand for ethylene-releasing compounds, which act as growth regulators, further fueling their demand and growth within the industry.
For More Queries About " Ethylene Releasing Compounds
market " @
Scope of the Report:
Recent Developments:
• In Apr 2023, the Ethylene Releasing Compounds Market saw a significant shift with the rise of ethylene generators, endorsed by FSSAI for safer fruit ripening, reducing chemical use and promoting sustainability. Companies like HundredX Agritech's Ripe All offer a chemical-free process, benefiting agriculture and enhancing produce quality.
Ethylene Releasing Compounds: Competitive Landscape
Key companies profiled in the Ethylene Releasing Compounds are 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 and others.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727
Web: https://www.industryarc.com
Follow us on LinkedIn | Facebook | Twitter