Global Ethephon Market: Drivers and RestraintsThe prime driver for the global ethephon market is the implementation of strict agricultural quality norms that place heavy importance on the appearance and particularly color of the fruit to judge its integrity. As a result, the demand for ethephon for the purpose of accelerating the ripening of fruits is likely to grow steadily in the coming years. The demand for particular colors in certain fruits regardless of their association with ripening, such as the demand for purely yellow pineapples, is a key driver for the global ethephon market. The intense need for an increase in crop productivity is also vital for the global ethephon market.
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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 in the coming years.
On the other hand, volatile raw material prices could hinder the growth of the global ethephon market in the coming years. The steady technological advancement in the agriculture sector has also led to the availability of several alternatives to ethephon, which is likely to remain a major restraint on the global ethephon market in the coming years.
Global Ethephon Market: Geographical and Competitive Dynamics
Asia Pacific is likely to retain the dominant share in the global ethephon market in the coming years, due primarily to the high production in China. Jiangsu Anpon Electrochemicals Co. and Rhone-Poulenc (Bayer Crop Science) are among the leading producers of ethephon in the global market and the presence of a booming agriculture industry in China is likely to lead to steady growth of the ethephon market in Asia Pacific. Other leading agricultural producers in Asia Pacific such as India, South Korea, Japan, Malaysia, and Australia are also likely to remain leading regional markets for ethephon in the coming years.
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