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Ethephon Market is forecast to reach $440 million by 2025, after growing at a CAGR of 9.2% during 2020-2025. Ethephon is a plant growth regulator used to promote fruit ripening, abscission, flower induction, and other responses. Ethephon is registered for use on a number of foods, feed and nonfood crops, greenhouse nursery stock, and outdoor residential ornamental plants, but is used primarily on cotton. Growing public interest towards agricultural sector after pandemic will further enhance the overall market demand for Ethephon during the forecast period.
Ethephon Market Segment Analysis – By Crop
Cotton has been the primary market for Ethephon market. The rising need for cotton from the booming textile industry across the world is another key driver for the global ethephon market. Due to the rising disposable income of consumers in emerging regions, the demand for both practical and fashionable clothing is rising rapidly. The consistent technological advancement in agriculture has also resulted in sturdier breeds of cotton, which are likely to entail steady demand for plant growth regulators such as ethephon. Cotton growers are increasingly using growth regulators such as ethephon (2-chloroethyl-phosphonic acid) for crop management. Ethephon is widely used as crop terminator to facilitate early harvest. When applied on cotton, ethephon has been shown to have an effect on defoliation, boll opening, immature fruit abscission, and end-season growth.
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Ethephon Market Segment Analysis – By Application
Fruit ripening holds a significant growth in the ethephon market. Ripening is a process in fruits that causes them to become more palatable. In general it helps the fruit to becomes sweeter, less green (typically “redder”), and softer as it ripens. As fruit-bearing plants grow, the fruits accumulate water and nutrients from the plant and they use these nutrients to create their flesh and seeds. Spraying ethephon on fruits lead to quicken fruit maturing and ripening operation this is due to the increase ethylene content.
Ethephon Market Segment Analysis – By Geography
APAC dominated the Ethephon market with a share of more than xx%, followed by North America and Europe. Ethephon is a plant growth regulator used to promote fruit ripening, abscission, flower induction, and other responses. Ethephon is registered for use on a number of food, feed and nonfood crops, greenhouse nursery stock, and outdoor residential ornamental plants, but is used primarily on cotton. Formulations include formulation intermediates and soluble concentrates/liquids. Ethephon is applied to plant foliage by either ground or aerial equipment. It also may be applied by hand sprayer to certain home garden vegetables and ornamentals. Ethephon is not persistent in the environment. The major routes of dissipation appear to be chemical hydrolysis and microbial degradation.
Ethephon Market Drivers
Increasing usage for fertilizers
Various nutrients boosts plant production and keep people all over the world fed and healthy, and enhanced efficiency fertilizers. The third category of essential crop nutrients: micronutrients. Micronutrients play a supporting role in overall plant health and development. Micronutrients promote essential plant processes and growth, which translates into nutrient-rich food for animals and humans. Micronutrients include boron, chlorine, copper, iron, manganese, molybdenum and zinc, which are often in short supply for growing crops. Owing to this the increasing usage of fertilizers the Ethephon market will grow.
Implementation of Governments Regulations
Governments globally are focusing on boosting their agriculture sector. Whereas Governments regulations such as Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) by Indian Government will help to grow the agriculture sector. Under the Scheme an income support of Rs.6000/- per year is provided to all farmer families across the country in three equal installments of Rs.2000/- each every four months, which will financially help the farmers let them focus more towards farming. And with the growth of agricultural sector the Ethephon market will grow.
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Ethephon Market Challenges
Harmful for Skin
Ethephon has the potential to cause severe skin and eye irritation. Ethephon is classified as a “Group D” carcinogen because there is insufficient weight of evidence regarding its cancer-causing potential. Pesticide handlers may be exposed to ethephon during application, and post-application workers may be exposed to residues on treated crops.
Impact of COVID 19
The global Ethephon Market continues to be challenged by the lockdowns, logistical disturbances, reduced productions, and associated economic impacts of COVID-19. The global fertilizer sector has been affected since the outset, primarily in China, the world’s largest producer as well as consumer of agriculture micronutrients. The outbreak of a novel coronavirus in China has to date had the most critical impact across the Chinese agriculture micronutrients sector, affecting the movement of both micronutrients products and raw materials in and out of the country. Moreover, this pandemic also expected to hit the Ethephon industry in the U.S., Brazil, India, and EU-5 countries.
Ethephon Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Ethephon market. In 2019, the market of Ethephon has been consolidated by the top five players accounting for xx% of the share. Major players in the Ethephon Market are NuFarm, West Coast Herbochem Ltd., Syngenta, Rotam CropSciences Ltd., Dow AgroSciences LLC, among others.
In October 2017, Nufarm Limited announced that it has entered into an agreement to acquire a portfolio of crop protection products (“Century Portfolio”) from Adama Agricultural Solutions Ltd (“Adama”) and Syngenta Crop Protection AG and related group companies (“Syngenta”) for US$490 million.
Asia-Pacific dominates the Ethephon market owing to increasing demand from applications such as Cotton, Tobacco, Wheat and others.
The global ethephon market has gained prominence in the agriculture sector in recent years due to the rising demand to promote pre- and post-harvest ripening, is likely to aid in the market growth of Ethephon.
Implementation of governments’ stringent regulations will increase the market demand for Ethephon in the near future.
COVID 19 pandemic will create hurdles for the Ethephon market.
Related Reports :
A. Ethylene Releasing Compounds Market
B. Specialty Fertilizers Market
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