Ethylene releasing compounds (ERCs) are generally used as plant growth regulators. Ethylene released from these compounds is used for ripening of the fruits. Varous types of Ethylene releasing compounds are ACC, Ethephon, Glyoxime and Etacelasil.
ERCs are mainly used for ripening of the fruits. They help in improving coloration, increasing growth, and are also useful in improving photosynthesis. Some of the biological effects include premature defoliation, fruit maturation ripening, induction of flowering, stimulation of sprouting or germination, and shortening of plant height. Although many environmental groups worry about toxicity resulting from use of growth hormones and fertilizers, the toxicity of ethephon is very low, and any ethephon used on the plant is converted very quickly to ethylene. The demand for increased crop productivity has led to increase in use of fertilizers and plant growth regulators by farmers.
The ethylene releasing compounds market report is classified into two major categories namely market by type, and by end use industry. Each segment is further divided into sub-segments for the overall analysis and understanding of the market. These segments are subsequently followed by geographical classification i.e. Americas, Europe, APAC and RoW which are studied under the scope of report.
As ERCs are the most popular plant growth regulator, they are used by farmers across the world to promote and assist pre-harvest ripening. This will aid in harvesting and post-harvest ripening in crops and to initiate reproductive development in fruits. Increasing demand for plant growth regulator products is expected to result in increased demand for ERCs and is expected to be the key growth driver for this market.
The European region held the highest share of XX% in 2016 and is estimated to reach $xx billion by 2021 growing at a CAGR of XX%. America will closely follow Europe in the forecast period 2017-21. Asia-Pacific is also emerging as a growing market for Ethylene releasing compounds. Some of the key players in this market include E. I. du Pont de Nemours and Company, Dow Agro Sciences LLC, Monsanto Company, ADAMA Agricultural Solutions Ltd., Canary Agro Chemicals Private Limited and many more. These companies are steadily focusing on expanding their production capacity to achieve a competitive advantage thus improving their customer’s service. The huge investments in R&D, followed by large expansions in the manufacturing units were the most preferred strategies by the top players in 2016.