The post-harvest treatment market size is projected to grow from USD 1.5 billion in 2019 to USD 2.3 billion by 2026, recording a compound annual growth rate (CAGR) of 6.5%, in terms of value, during the forecast period. In the agricultural industry, post-harvest handling is a critical stage of the overall crop production process. The harvested products are metabolically active and undergoing various ripening and senescence processes, which need to be controlled for prolonged post-harvest quality of the produce. The increasing demand for exotic fruits and vegetables and the rise in the trade of such produce are projected to drive the market growth for post-harvest treatment.
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The highly perishable properties of fruits and vegetable crops has led to the increase in the usage of post-harvest treatment. Moreover, changes in consumer preferences for fresh flavors and the increasing demand for fruits and vegetables in the hospitality sector are factors that are projected to encourage the export of exotic fruits in international countries, which enables higher use of post-harvest treatment. Various products, such as coatings, cleaners, sanitizers, sprout inhibitors, and fungicides, are used for the treatment of fruits and vegetables during storage and transport.
The fruits segment in the post-harvest treatment market is estimated to be the fastest-growing segment during the forecast period. Fruits are highly perishable in nature, and therefore, their shelf life is short. With the increasing global demand for fruits, the growth of the post-harvest treatment market is projected to remain high. In line with the growing health and awareness concerns and changing demographics, the demand for fruits and vegetables is projected to increase in the near future. The rising demand is projected to contribute to the export business, globally, consequently driving the demand for post-harvest solutions.
The coatings segment is projected to dominate the market, on the basis of type, during the forecast period. Coatings are environment-friendly technology solutions applied on fruits and vegetables to control moisture transfer, gas exchange, or oxidation processes. It is a preferred way to reduce the breakdown of fruits and vegetables and delay their ripening process. Several types of coatings are applied for the preservation of fruits and vegetables, such as polysaccharides, proteins, lipids, and resins. The demand for coatings remains considerably high in Asia Pacific, as it is one of the largest producers of fruits and vegetables.
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The Asia Pacific region is projected to grow at the highest CAGR in the post-harvest treatment market during the forecast period due to the increasing demand for exotic fruits and vegetables from the developed regions. Countries such as India and China are the major producers of fresh fruits and vegetables, which is exported across the globe. This presents profitable opportunities for manufacturers in the post-harvest treatment market in the region.
Key post-harvest treatment market players include Decco (US), JBT (US), Pace International LLC (US), Xeda International (France), Agrofresh (US), Syngenta (Switzerland), FMC Corporation (US), Nufarm (Australia), Bayer (Germany), Citrosol (Spain), Fomesa Fruitech (Spain), Futureco Bioscience (Spain), Corteva Agriscience (US), BASF (Germany), Sensitech Inc (US), Post-Harvest Solutions (New Zealand), Janssen PMP (Belgium), Colin Campbell Pty Ltd (Australia), Valent Biosciences (USA), and RPM International (US).
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