Post-Harvest Treatment Products Market Dynamics and Key Players (2023-2032)
Post-Harvest
Treatment Products Market Highlights
Post-Harvest
Treatment Products Market Size was valued at USD 1.8 billion in 2022. The
Post-Harvest Treatment Products market industry is projected to grow from USD
1.9 Billion in 2023 to USD 2.7 billion by 2030, exhibiting a compound annual
growth rate (CAGR) of 6.3% during the forecast period (2023 - 2030).
The global
market is fragmented with the presence of several players across the globe.
There is a high level of competition among the market players in terms of
product quality and variety. The growing demand for food supply across the
globe provides an opportunity for the players to emphasize innovation and
product quality and expand their customer base. Moreover, there is a growing
number of molecules and active ingredients going off-patent, which is boosting
competition in the market.
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Thus, the
manufacturers are focusing on introducing new and innovative products and
various strategic expansion plans across the globe to survive in the
competitive market. The players are focused on investing in research and
development and adopting strategic growth initiatives such as acquisitions,
product launches, partnerships, collaborations, and expansions to strengthen
their market position and capture a large customer base.
Segmental
Analysis
The global post-harvest
treatment products market for fruits and vegetables has been segmented based
on type, application, and region.
Based on
type, the global has been divided into cleaners, coatings/wax, ethylene
blockers, fungicides, sprout inhibitors, and others. The coatings/wax segment
accounted for the largest market share in 2022 and is expected to exhibit the
highest CAGR during the review period. Coatings/wax applied to fruits and
vegetables as part of the post-harvest treatment to extend the post-harvest
life of fruits & vegetables are edible. They act as a barrier for moisture
and gases during processing, handling, and storage. These coatings are
specially formulated to help minimize moisture loss and maximize flavor
preservation while maintaining a fresh, natural appearance and high shine of
fruits & vegetables throughout the supply chain. Product innovation in this
segment with manufacturers highly focusing on biodegradable, non-toxic, and
organic coatings/wax for fruits & manufacturers is projected to drive the
growth of this segment across the globe.
By application,
the market has been segregated into fruits and vegetables. The fruits segment
is further segmented into pomes, bananas, berries, citrus fruits, mangoes, and
others. The vegetables segment is also further segmented into potatoes,
tomatoes, onions, and others. The fruits segment accounted for a larger market
share in 2022 and is expected to exhibit a higher CAGR during the review
period. With the increasing demand for fruits in retail and processing
industries, the need for a high and quality yield of fruits is of greater
significance. Thus, the need for post-harvest treatment products in fruits is
rising. Rising demand for exotic fruits across the globe has increased the
trade of fruits, demanding longer shelf life and maintenance of fruit quality
until it reaches the consumers. Also, the rising demand for fruits in various
application industries, such as food, beverages, cosmetics, and personal
hygiene products, is influencing the high production of fruits, which drives
the market growth in this segment.
Regional
Analysis
Geographically,
the global post-harvest treatment products
market outlook for fruits
and vegetables has been categorized as North America, Europe, Asia-Pacific, the
Middle East, and Africa. As per MRFR analysis, Asia-Pacific dominated the
market, accounting for the largest share in 2022. The region accounted for a
32.76% share of the market in 2022. However, Latin America is expected to
register the highest CAGR of 7.03% during the forecast period 2023–2030. South
America is the largest market in the region, contributing to its growth.
Key Players
Market
Research Future recognizes Pace International, LLC (US), Bayer AG (Germany),
Syngenta AG (Switzerland), AgroFresh (US), JBT Corporation (US), Nufarm
(Australia), DuPont de Nemours, Inc. (US), FMC Corporation (US), Futureco
Bioscience S.A. (Spain), and Post-Harvest Solution Ltd (New Zealand) as the Key
Players in the Global Post-Harvest Treatment Products Market for Fruits and
Vegetables.
Key
Findings of the Study
- The
Global Post-Harvest Treatment Products Market for Fruits and Vegetables is
projected to register a growth rate of 6.3% from 2023 to 2030. The rising
need to adopt post-harvest treatment is projected to propel the growth of
the global market.
- By
application, the fruits segment is estimated to retain its prominent share
by 2030 and is anticipated to register a higher growth rate during the
forecast period.
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Treatment Products Market Report : https://www.marketresearchfuture.com/reports/post-harvest-treatment-products-market-7919
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