Market Challenges And Opportunities

Coconut products market: Market Restraints

Fluctuations in Coconut Production Owing to Climatic Factors to Restrain Market Growth

The market is significantly hampered by fluctuations in the production of coconut due to various climatic factors. Global climate has been changing rapidly, mainly due to the rising emission of greenhouse gases through multiple human activities such as deforestation and increased industrialization. Coconut plantation is highly sensitive to climate changes as it is a perennial crop. Climate change affects coconut plantations owing to higher temperatures, preeminent carbon dioxide concentration, rainfall changes, increased weeds, pests and diseases, and the growing susceptibility to organic carbon pools. Also, the vulnerability of coconut plantations to climate change primarily depends on the intensity of atmospheric or soil drought, adaptations, and sensitivity. Drought stresses heavily impact production in almost all coconut-growing regions, primarily rain-fed crops. Furthermore, summer dry spells every year, apart from the frequent drought years, affect production. The factors mentioned above reduce coconut production and ultimately restrain market growth.

Coconut Products Market Report Snapshots