Market Leaders: Bayer AG and Syngenta Crop Protection Ag are Pursuing a Growth Strategy That Includes Partnership and New Product Development in Post-Harvest Treatment Market
The global post-harvest treatment market was valued at USD 2.01 Billion in 2022. It is projected to reach USD 3.12 billion by 2028, recording a CAGR of 7.6% during the forecast period As people become more aware of the health advantages of eating fruits and vegetables, global demand for fresh produce is gradually increasing. With rising demand, the supply chain is under pressure to discover solutions to decrease post-harvest losses and guarantee that fresh product arrives in good condition. Global commerce in fruits and vegetables is also expanding, as customers in rich countries desire more exotic fruits and vegetables that are not cultivated locally. As producers and shippers explore for ways to increase the shelf life of these perishable items, trade expansion is opening up new prospects for post-harvest treatment. These are the factors which are propelling the growth of post-harvest treatment market.
Few leading players operating in the market are JBT (US), Syngenta Crop Protection AG (Switzerland), Nufarm (Australia), AgroFresh (US), Bayer AG (Germany), BASF (Germany), Citrosol (Spain), Hazel Technologies, Inc. (US), Lytone Enterprise, Inc. (Taiwan), and Shandong Aoweite Biotechnology Co.,Ltd (China) among others. The companies are launching different kinds of products into the market. The expansion of product portfolios offered by the companies is strengthening their presence around the globe. Companies are manufacturing different kinds of post-harvest treatment for different types of crops. This is resulting in their increased market penetration. Similarly, partnerships are also fostering the expansion of the companies and helps to create synergy and; obtain a competitive advantage in the industry.
To know about the assumptions considered for the study download the pdf brochure
Bayer AG is a prominent player in the life sciences industry, with operations in healthcare and agriculture. The corporation operates in three business segments: pharmaceuticals, crop science, and agriculture. It provides a diverse array of high-value seeds, enhanced plant features, novel chemical and biological crop protection products, digital solutions, post-harvest solutions, and extended customer service for sustainable agriculture through its Crop Science business. The firm provides crop protection products such as insecticides, herbicides, fungicides, plant growth regulators, and seeds. In order to fulfill future requirements, they provide customers innovative and integrated alternatives. They have farms that are connected digitally. Digital connectivity increases customer closeness, accelerates innovation, automates procedures, and increases the output of our R&D pipeline. In November 2021, Bayer AG announced their partnership with Microsoft Corp., United States to create a new cloud-based set of digital tools and data science solutions for agricultural and related sectors. The collaboration is projected to deliver new infrastructure and core capabilities to speed innovation, enhance efficiency, and promote sustainability across food, feedstuffs, fuels, and textile fiber value chains.
Syngenta Crop Protection AG is a global pioneer in crop protection, with 150 subsidiaries globally. The company's operations span more than 90 countries. Its primary focus is on creating, manufacturing, and distributing various products to boost agricultural output and food quality. Syngenta Crop Protection AG is divided into two business segments: Crop Protection and Seeds. It provides different chemicals such as herbicides, insecticides, fungicides, and seed treatments under the crop protection sector to manage weeds, insects, and diseases in crops. Its crop protection business includes products for post-harvest treatment. ALTO, AMISTAR, BONTIMA, BRAVO, ELATUSTM, and MIRAVISTM (based on ADEPIDYNTM fungicide) are some of the company's primary fungicide brands. Syngenta Crop Protection AG introduced Archive in January 2022, a post-harvest fungicide with two distinct action modes for broad-spectrum disease control and resistance management. This launch of the new product has broadened its product offering.
Related Reports:
Post-Harvest Treatment Market by Type (Coatings, Ethylene Blockers, Cleaners, Fungicides, Sprout Inhibitors, Sanitizers), Crop Type (Fruits, Vegetables and Flowers & Ornamentals), Origin (Natural and Synthetic) and Region - Global Forecast to 2028
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
