Transparency Market Research in its new report titled, “Methyl Jasmonate Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the methyl jasmonate market. The TMR report anticipates that the increase in investment in research in various applications will drive the methyl jasmonate market during the forecast period i.e, 2018-2026. MeJa is anticipated to be widely used in fertilizers and insecticides. It also exhibits significant growth opportunities in the food sector. However, regulatory approvals in various regions is crucial for wide scale application of MeJa. This is the primary restraint of the methyl jasmonate market, says the report.
The report has segregated the Methyl Jasmonate market in terms of application into crop protection, flavors & fragrance, food preservation, horticulture and others. Crop protection and food preservation are the leading segments of the methyl jasmonate market. Promising use of MeJa lies in prolonging the shelf-life of fresh fruit. Various research conducted on MeJa suggests that it reduces chilling injury as well as prevents the growth of mold on strawberries and grapes. It also stops bananas from turning brown.
From a geographical perspective, the methyl jasmonate market is split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these, North America accounted for the major share of the global methyl jasmonate market in 2017 owing to the presence of a strong regulatory system in the region. The methyl jasmonate market in Europe is also expanding significantly. The market in Asia Pacific is projected to expand at a fast pace during the forecast period due to the growth in end-use industries such as food & agriculture. Latin America and Middle East & Africa (MEA) are also promising regions of the methyl jasmonate market.
Major players in methyl jasmonate market are Zeon Corporation, BASF SE, Cayman Chemical, Sigma-Aldrich, Parchem Fine & Specialty Chemicals, Tokyo Chemical Industry Co., Ltd., Penta Manufacturing Company, and Hangzhou Dayangchem Co. Ltd. Several multinational companies are investing in research and development activities in terms of application of MeJa considering the lucrative opportunities available in the market.
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