Ethylene Absorber Market - Forecast(2024 - 2030)

Ethylene Absorber Market Overview:

The Ethylene Absorber Market size is estimated to reach $35.7 billion by 2030, growing at a CAGR of 18% over the forecast period 2024-2030. The Ethylene Absorber market plays a vital role in preserving fresh produce and perishable goods. It involves the development and deployment of technologies and products that control and reduce ethylene gas concentrations in storage, transportation, and retail environments.

Consumers and businesses are increasingly conscious of environmental sustainability. Ethylene absorbers are being adopted as eco-friendly solutions that help reduce food waste by extending produce life, thereby reducing the carbon footprint associated with food production and distribution. As the world becomes more connected, the need for products like ethylene absorbers that can preserve produce during long-distance transportation and storage has increased. Continuous innovation in ethylene absorber technology makes these solutions more effective, reliable, and affordable, further driving market growth.

Market Snapshot:
Ethylene Absorber Market - Report Coverage:

The “Ethylene Absorber Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Ethylene Absorber Market.

COVID-19 /Ukraine Crisis - Impact Analysis: 

●       Lockdowns and restrictions on movement disrupted the supply chain, impacting the availability of raw materials and production capacity for ethylene absorbers. This, in turn, affected the market's ability to meet demand. Supermarkets and retail chains began using ethylene absorbers to reduce food waste and ensure that perishables remained fresh for longer, as consumer behavior shifted towards more home cooking and less eating out.

●       The crisis in Ukraine and its neighboring regions has disrupted the supply chain for materials used in the production of ethylene absorbers. This has led to price fluctuations and potential shortages. Economic repercussions from the crisis, such as changes in currency exchange rates and trade sanctions, have influenced the cost of ethylene absorber production and affect pricing strategies.

Key Takeaways:

●       South American Region Expected to Witness the Highest Growth Over the Forecast Period 2024-2030 : The South American region is anticipated to experience the highest growth during the forecast period from 2024 to 2030, with a Compound Annual Growth Rate (CAGR) of 22%. Demand for ethylene absorbers is rising as South American nations place a greater emphasis on the growth of their agricultural industries. A natural plant hormone called ethylene is essential to the ripening of fruits and vegetables. Producers and retailers in the agricultural industry are realizing how crucial it is to use ethylene absorbers to keep produce fresher for longer periods while it is being transported and stored. This development is consistent with South America's aim to improve agricultural productivity, which has led to a notable growth in the market for ethylene absorbers in the area.

Ethylene Absorbers Filters Registers the Fastest Growth : Ethylene absorber filters are designed to efficiently and effectively remove ethylene gas from storage facilities, shipping containers, and refrigeration units. They provide a high level of control over ethylene levels, preventing premature ripening and decay of perishable products. It aligns with the growing emphasis on environmental sustainability. They help reduce food waste, which is not only cost-effective but also eco-friendly, making them an attractive option for businesses aiming to minimize their carbon footprint. The increasing demand for fresh produce year-round has intensified the need for efficient ethylene control solutions. Ethylene absorber filters play a crucial role in ensuring that consumers have access to high-quality, fresh fruits and vegetables, regardless of the season.

●       Food Processing is the Largest Segment : Food processing and packaging companies handle a substantial volume of perishable goods, including fruits, vegetables, and other food products. These companies process, package, and distribute these goods to a wide range of consumers and businesses. Food processing companies face the challenge of minimizing food waste during processing and packaging. Ethylene absorbers enable them to reduce spoilage and waste, leading to cost savings and increased profitability. Food processing and packaging companies benefit from the continuous technological advancements in ethylene absorber solutions. New materials and designs make these solutions even more effective and efficient, enhancing the quality of their products.

●       Growing Demand for Fresh Produce : The increasing consumer preference for fresh and healthy produce has been a significant driver for the Ethylene Absorber Market. Consumers are now more conscious of their dietary choices and are seeking fresh, high-quality fruits and vegetables year-round. This trend has propelled the need for ethylene absorbers, which extend the shelf life of perishables by reducing ethylene gas levels. As a result, the market has experienced consistent growth as consumers demand access to fresh produce regardless of the season.

●       Sustainability and Environmental Concerns : Sustainability is a central concern for both businesses and consumers. Ethylene absorbers are seen as eco-friendly solutions that help reduce food waste, lower carbon footprints, and minimize the need for excessive packaging. The market has expanded as ethylene absorbers align with sustainability goals. Businesses are adopting these solutions to meet eco-conscious consumer demands while reducing their environmental impact.

●       Supply Chain Disruptions : The Ethylene Absorber Market can be heavily reliant on supply chains for raw materials. Any disruption, such as those caused by global events or geopolitical tensions, can impact production and lead to price fluctuations. Supply chain disruptions can affect the market's stability, causing delays in production and increased costs, which can be passed on to consumers. Companies need to diversify their sources and enhance supply chain resilience to mitigate these challenges.

Ethylene Absorber Market Share (%) By Region, 2023

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Ethylene Absorber Market. The top 10 companies in this industry are listed below:

1. Symphony Environmental Ltd.
2.  Bioconsrvacion S.A.
3. AgroFresh Inc.
4. Hazel Technologies
5. BioXTEND Inc.
6. Delta Trak
7. Keep-It-Fresh
8. Sancopack
9. Isolcell S.p.A.
10. Ethylene Control Inc.

Scope of Report: