The post-harvest treatment market size is projected to grow from USD 1506.6 million in 2021 to USD 2325.7 million by 2027, recording a compound annual growth rate (CAGR) of 7.5%, in terms of value, during the forecast period.
Fruits and vegetables are two of the major food commodities consumed across the globe. Also, they are perishable in nature, and thus, are considered more susceptible to post-harvest losses. Various factors, such as physical, physiological, and mechanical conditions, along with hygiene, cause the post-harvest losses of fruits and vegetables. These horticultural crops are known to have a high metabolic rate, which results in shorter shelf life as compared to other crops. As a result, a certain amount of losses occur between the harvest and consumption of these crops.
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Fruits and vegetables are susceptible to abiotic and biotic stresses, leading to substantial losses during the post-harvest period due to microbes, insects, loss of moisture, and respiration. On the other hand, external factors such as exposure to oxygen and carbon dioxide and an increase in ethylene levels also lead to losses of fruits and vegetables Post-harvest practices help in the removal of undesirable elements and improve the appearance of fruits and vegetables as well as increase their shelf life, thereby maintaining the quality of the crops.
Key post-harvest treatment market players 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).
Product launches, expansions & investments, mergers & acquisitions, agreements, joint ventures, and partnerships were the dominant strategies adopted by major players. These techniques have aided them in expanding their influence in various places.
John Bean Technologies Corporation (JBT) is a market leader when it comes to offering Post-harvest treatment solutions to the food processing and exporting industries. Company’s three major segments are JBT FoodTech, JBT AeroTech and Automated Systems. Its post-harvest treatment products are offered under the JBT FoodTech segment. As the demand for organic fruits and vegetables grows, the company is focusing on plant-based food solutions. Like recently JBT has uggrades to one of its Sta-Fresh Pineapple coating technology solutions to Sta-Fresh 2952, which is a high quality that enhances product consistency and use.
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Another major player, Syngenta (Switzerland) is a global leader in the crop protection industry with 150 subsidiaries across the world. It is primarily engaged in the development, production, and marketing of various products to improve crop yield and food quality. Syngenta operates through two business segments, namely, Crop Protection and Seeds. Its product offerings include herbicides, fungicides, and insecticides. Syngenta AG (Switzerland) developed advanced manufacturing facilities in Switzerland, the US, the UK, France, India, China, and Brazil. It has more than 120 research & development facilities and production sites all over the world. In September 2021, Syngenta introduced a new fungicide named Scholar, which controls certain post-harvest diseases in citrus, pome fruit, stone fruit, kiwi fruit, mangoes, and pomegranates.
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