Ethephon Market – Global Industry Size, Share, Growth, Forecast 2014 – 2020
Ethephon is a popular plant growth regulator belonging to the phosphonate family. Ethephon is used to promote pre-harvest ripening, to aid in harvesting and promote post-harvest ripening. Ethephon is used by farmers to initiate reproductive development of fruits. Ethephon is sprayed on pineapple fruits to degreen them to obtain marketing requirements. Ethephon helps to stimulate ripening in fruits that have reached a certain minimum stage of maturity. Certain changes accompany ripening of fruits include production of ethylene rises, fruits become softer, the rate of respiratory heat production increases, a cut develops between fruit stem and spur and starch in the fruit is converted to sugars.
Ethephon is used to promote ripening in soft fruits, top fruits and cereals such as rice, wheat, tobacco, cotton, sugar beets, tomatoes, fodder beets and coffee among others. Ethephon is used to aid in the harvest of fruit and berry crops. It can be used to accelerate the ripening of bananas and pineapples. Other uses include accelerating the maturation of tobacco, stimulating the flow of latex in rubber trees and the preservation of cereals such as flax and maize. Ethephon penetrates into all tissues of the plants to which it is applied and is metabolized to phosphate, ethylene and chloride ions.
The growth in plant growth regulators market is expected to increase consumption of Ethephon. In addition, rising consumption of agricultural products in emerging economies of Asia Pacific is expected to increase consumption of Ethephon. The demand for increased crop productivity has lead to increase in use of fertilizers and plant growth regulators by farmers. Furthermore, factors such as increasing demand for cotton with the growth of the textile industry is expected to fuel demand for ethephon over the forecast period. However, volatile raw material prices, government regulations and availability of substitutes could hamper the growth of the market. In addition, growing preference of farmers towards superior agro chemicals is expected to hamper the growth of the Ethephon market.
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Asia Pacific, the fastest growing market for Ethephon, is expected to generate substantial revenue during the forecast period. India and China are expected to be the large consumers of Ethephon in Asia Pacific due to presence of an established agricultural industry. Republic of Korea, Macau, Republic of China (Taiwan), Japan, Australia, New Zealand and Malaysia are other major markets in Asia Pacific. Ethephon is popular among Chinese agrochemical manufactures due to strong demand in domestic and overseas market. Ethephon is manufactured by Jiangsu Anpon Electrochemicals Co. and Rhone-Poulenc (Bayer Crop Science) in China. Europe and North America are expected to experience moderate to high growth. Germany, Italy, and France are expected to be large consumers of Ethephon in Europe.
Some of the key players in this market are E. I. du Pont de Nemours and Company (U.S.), Bayer AG (Germany), NuFarm (Australia), Rotam CropSciences Ltd (Honk Kong), Dow AgroSciences LLC (U.S.), Monsanto (U.S.), Syngenta (Switzerland), ADAMA Agricultural Solutions Ltd. (Israel), Canary Agro Chemicals Private Limited (India), Arysta Lifesciences (India), West Coast Herbochem Limited (India), Rhyme Organics & Chemicals Limited (India), JRPL Agro Chemicals Industries (India) and BASF SE (Germany) among others. Companies are using strategic acquisitions to increase their market share. In addition, companies are investing in research and development to develop innovative and environmentally friendly products.