Post-harvest Treatment Market: Asia Pacific is projected to account for the largest share by 2027
The post-harvest treatment market is projected to grow from USD 1506.6 million in 2021 to USD 2325.7 million by 2027, recording a CAGR of 7.5% 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.
Asia Pacific is projected to account for the largest share in the post-harvest treatment market during the forecast period.
The Asia Pacific dominated the post-harvest treatment market for fruits and vegetables in 2020. Countries such as India and China are the key producers of fruits and vegetables, a majority of which are exported to North America and Europe.
Asia held nearly 50% of the share for overall fruit and vegetable cultivation, with China and India dominating the region. China and India are the leading producers and exporters of fruits and vegetables such as potatoes, apples, tomatoes, mangoes, grapes, and cucumbers. The high export and consumption rate of these fruits and vegetables is expected to drive the demand for post-harvest treatment products.
Due to increased demand for exotic fruits and vegetables from developed nations, the Asia Pacific region accounted for a substantial share of the after harvest treatment industry, which was estimated to be worth USD 5.8 billion in 2022. India and China are the worlds leading producers of fresh fruits and vegetables, which are exported all over the world. This creates lucrative opportunities for firms in the regions post-harvest treatment sector.
The markets leading players in the post-harvest treatment market include JBT Corporation (US), Syngenta (Switzerland), Nufarm (Australia), Bayer (Germany), BASF (Germany), AgroFresh (US), Decco (US), Pace International (US), Xeda International (France), Fomesa Fruitech (Spain), Citrosol (Spain), Post Harvest Solution LTD (New Zealand), Janssen PMP (Belgium), Colin Campbell PTY LTD (Australia), Futureco Bioscience (Spain), Apeel Sciences (US), Polynatural (Chile), Sufresca (Australia), Ceradis (Netherland), Agricoat natureseal LTD. (UK).
