(I-BusinessNews.Com, June 17, 2020 ) The post-harvest treatment market is projected to grow from USD 1.5 billion in 2019 to USD 2.3 billion by 2026, recording a CAGR of 6.5% during the forecast period. This is attributed to the increasing trade of perishable products such as fruits and vegetables, which widens the application of post-harvest treatment to increase their shelf life during storage and transportation.
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The fruit segment is projected to grow at the highest rate during the forecast period.
The fruit segment, by crop type, is projected to grow at the highest CAGR, in terms of value, during the forecast period. Fruits are highly perishable in nature and are required to be treated with post-harvest solutions to increase their shelf life for longer storage duration and easy transport of these products. Increasing application of natural flavors in the food and beverages industry is also encouraging the trade of fruits, which in turn, has led to a surge in demand for post-harvest treatment solutions in the major fruits and vegetable producing region such as Asia Pacific.
By type, the coatings segment is estimated to account for the largest share in 2019 in the post-harvest treatment market.
Coatings are one of the methods to increase the shelf life of products and decrease the quality and quantity losses. They are mostly applied to fruits & vegetables during the packaging process for maintaining their softness, color, odor, and flavor. The development of edible coatings has made it easier for fruits and vegetable processors to use the produce without any concerns about their harmful effects. Edible coatings help to prevent unnecessary softening and ripening of fruits & vegetables. Coatings form an integral part of the post-harvest treatment process, as fruits & vegetables are stored for longer periods, thereby making it important to maintain their shelf life and quality.
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The Asia Pacific region is projected to grow at the highest CAGR during the forecast period.
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.
The prominent vendors in the post-harvest treatment market include Decco (US), JBT (US), Pace International LLC (US), Xeda International (France), Agrofresh (US), Syngenta (Switzerland), FMC Corporation (US), Nufarm (Australia), Bayer (Germany), and 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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