Paclobutrazol - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Paclobutrazol Market is growing at a CAGR of 5.2%. Increase in awareness among people towards food security and decline in utilization of arable land are likely to boost the growth of the paclobutrazol market. However, limited awareness regarding the benefits of paclobutrazol among farmers is likely to hamper the profit boundaries.
Paclobutrazol is a triazolic plant growth regulator/fungicide, which controls vegetative growth and supports pruning in different plants & trees. The main function of this fungicide is to maintain health & vitality of plants and promote compactness. Moreover, it works by blocking gibberellin biosynthesis and reducing abscisic acid, ethylene, & indole-3-acetic acid levels along with increasing cytokinin levels. Furthermore, the various economic & additional benefits of paclobutrazol include improved color, fewer clipping, deeper roots, fewer seedheads, and ease in trimming.
Based on application, the cash crops segment is estimated to have a lucrative growth due to its demand in more developed nations, and hence have some export value. Growing cash crops in lands where food is traditionally grown can have a profound impact on food security. By geography, Asia Pacific is likely to have a huge demand due to the increase in demand for vegetables and fruits, led by changing dietary patterns, and growing demand for Paclobutrazol in non-crop applications like ornamental plants in the region.
Some of the key players in the Paclobutrazol market include Bailing Agrochemical, Canary Agrochemicals Pvt. Ltd, India Pesticides Limited, Jiangsu Luye Agrochemicals, Jiangsu Sevencontinent Green Chemical, Jiannong, R.V. Agri Corporation, Rainbow, Yancheng Limin Chemical, and Yuelian.
• 95% TC
• 98% TC
• Other Products
• Cash Crops
• Decorative Plants
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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