Plant Activators Market
Plant Activators Market Forecasts to 2030 - Global Analysis By Crop Type (Cereals & grains, Fruits & vegetables and Other Crop Types), Form, Source, Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $872.57 MN |
|
Projected Year Value (2030) |
US $1,355.96 MN |
|
CAGR (2023 - 2030) |
6.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Plant Activators Market is accounted for $ 872.57 million in 2023 and is expected to reach $ 1,355.96 million by 2030 growing at a CAGR of 6.5% during the forecast period. Plant activators are compounds or substances that induce the natural defense mechanisms of plants, enhancing their resistance to various stresses, including pathogens, pests, and environmental factors. Unlike traditional pesticides, plant activators work by stimulating the plant's own immune responses rather than directly targeting pests or diseases. These compounds trigger a cascade of biochemical reactions within the plant, leading to the production of defense-related molecules such as phytoalexins, antioxidants, and pathogenesis-related proteins. This heightened defense system can result in increased crop yields, improved plant health, and reduced reliance on chemical inputs.
According to the Food and Agriculture Organization (FAO), the world population is projected to reach nearly 10 billion by 2050.
Market Dynamics:
Driver:
Advancements in biotechnology and agricultural research
Advancements in biotechnology and agricultural research have emerged as key drivers of the plant activator market. Through innovative biotechnological techniques, researchers are developing novel plant activators that enhance the innate defense mechanisms of plants against pests, diseases, and environmental stresses. This has led to the creation of more effective and sustainable solutions for crop protection and improvement. Additionally, advancements in genetic engineering enable the production of plants with enhanced resistance traits, further fueling the demand for plant activators. These developments not only contribute to improving agricultural productivity but also support eco-friendly farming practices, aligning with the growing emphasis on sustainable agriculture globally.
Restraint:
Limited awareness
Limited awareness restraint refers to the challenge of insufficient knowledge and understanding among growers regarding the benefits and proper usage of plant activators. This lack of awareness often stems from inadequate education and promotion efforts by manufacturers and distributors. As a result, potential users may not fully comprehend the potential advantages of these products in enhancing plant health and productivity. Overcoming this restraint requires targeted educational campaigns and effective marketing strategies to educate growers about the value proposition and optimal application methods of plant activators.
Opportunity:
Growing concerns about food security
Growing concerns about food security present a significant opportunity for the Plant Activators market. As the global population continues to expand, ensuring an adequate and sustainable food supply becomes increasingly challenging. By enhancing plant resistance to pests, diseases, and environmental stresses, they can help improve crop yields and quality. Moreover, as consumers demand more environmentally friendly agricultural practices, the adoption of plant activators aligns with the trend towards sustainable farming methods. This convergence of factors underscores the potential for substantial growth in the plant activators market as stakeholders seek innovative strategies to address food security concerns.
Threat:
Competition from synthetic chemicals
Synthetic chemicals often offer quick and visible results, enticing farmers with immediate benefits. Additionally, their widespread availability and established market presence make them formidable competitors. Plant activators, although environmentally friendly and sustainable, may struggle to compete on price and efficacy against synthetic alternatives. Moreover, the regulatory landscape favoring synthetic chemicals in some regions further exacerbates the challenge for plant activators to gain traction. However, increasing awareness of environmental concerns and the shift towards sustainable agriculture practices could provide opportunities for plant activators to carve out a niche market despite the competition.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the plant activators market. With disruptions in supply chains and restrictions on movement, the availability of raw materials for manufacturing plant activators was hampered, leading to production delays. Additionally, reduced agricultural activities and uncertainties in the market resulted in decreased demand for plant activators among farmers. However, as awareness about the importance of plant health grew during the pandemic, there was a surge in demand for sustainable agricultural practices, potentially driving future growth in the plant activators market.
The cereals and grains segment is expected to be the largest during the forecast period
The cereals and grains segment within the plant activators market has experienced significant growth due to increasing demand for food security, which has driven farmers to seek ways to enhance crop yield and quality, with cereals and grains being staple crops globally. Rising concerns about environmental sustainability have led to a shift towards organic and sustainable farming practices. Advancements in agricultural biotechnology have led to the development of more effective and targeted plant activator products tailored specifically for cereals and grains. Additionally, the growing adoption of precision agriculture techniques has increased the utilization of plant activators to optimize crop production in these segments.
The soil treatment segment is expected to have the highest CAGR during the forecast period
The growth in the soil treatment segment can be attributed to increasing awareness among farmers about the importance of soil health and its impact on crop productivity. Advancements in agricultural technology have resulted in the development of more effective and eco-friendly soil treatment solutions. Stringent regulations on the use of chemical fertilizers and pesticides have encouraged the adoption of organic soil treatment methods. Furthermore, the growing trend towards sustainable agriculture practices has fueled the demand for plant activators that improve soil structure, fertility, and microbial activity.
Region with largest share:
The North American region has experienced notable growth in the plant activators market due to their ability to enhance plant immune systems and reduce the need for chemical pesticides. Technological advancements in agriculture and a shift towards organic farming methods have further fuelled market growth. Moreover, a growing emphasis on food safety and environmental concerns has encouraged the adoption of plant activators as safer alternatives. Additionally, collaborations between research institutions and agricultural organizations have facilitated the development and distribution of innovative plant activator products in the region.
Region with highest CAGR:
The Asia-Pacific region has witnessed significant growth due to increasing demand for organic produce that is driving farmers to adopt plant activators to enhance crop yield and quality. Additionally, governments in the region have been promoting the use of plant activators as part of their agricultural policies to ensure food security. The emergence of innovative formulations and technologies tailored to local crop varieties has further fuelled market growth. Favourable climatic conditions in many parts of Asia-Pacific facilitate the effectiveness of plant activators, contributing to their widespread adoption among farmers
.
Key players in the market
Some of the key players in Plant Activators market include Agralan Group, BASF , Bayer , Certis USA, DuPont, Eagle Plant Protect Pvt. Ltd. , Futureco Bioscience , Greenlight Biosciences, Isagro S.P.A, Kellogg Company, Nihon Nohyaku Co., Novozymes , Plant Health Australia, Sumitomo Chemical, Syngenta, UPL and Yara International.
Key Developments:
In March 2024, Bayer Crop Science has extended its partnership with Australian agri-food tech innovation platform, AgriFutures growAG, into 2024 to reach innovators, startups and researchers with its innovation challenges. AgriFutures growAG, which was launched in 2020, is a global platform for agri-food innovation. It connects the global agri-food network of researchers, investors, universities, startups, scale-ups and corporates to build opportunities for international cooperation and collaboration.
In February 2024, BASF is utilizing its extensive global expertise in chemical recycling, employing pyrolysis technology known as ChemCycling, to introduce International Sustainability and Carbon Certification (ISCC) Plus certified ""Ccycled"" materials sourced from the BASF TotalEnergies Petrochemicals facility located in Port Arthur, Texas.
Crop Types Covered:
• Cereals & Grains
• Fruits & Vegetables
• Turf & Ornamentals
• Oilseeds & Pulses
• Other Crop Types
Forms Covered:
• Granules
• Liquid
• Powder
• Other Forms
Sources Covered:
• Chemical
• Biological
Applications Covered:
• Foliar Spray
• Soil Treatment
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Plant Activators Market, By Crop Type
5.1 Introduction
5.2 Cereals & Grains
5.2.1 Corn
5.2.2 Wheat
5.2.3 Rice
5.2.4 Barley
5.2.5 Other Cereals & Grains
5.3 Fruits & Vegetables
5.3.1 Berries
5.3.2 Citrus Fruits
5.3.3 Tropical Fruits
5.3.4 Other Fruits & Vegetables
5.4 Turf & Ornamentals
5.4.1 Grasses
5.4.2 Shrubs
5.4.3 Flowering Plants
5.4.4 Other Turf & Ornamentals
5.5 Oilseeds & Pulses
5.5.1 Canola
5.5.2 Peanuts
5.5.3 Soybeans
5.5.4 Other Oilseeds & Pulses
5.6 Other Crop Types
6 Global Plant Activators Market, By Form
6.1 Introduction
6.2 Granules
6.3 Liquid
6.4 Powder
6.5 Other Forms
7 Global Plant Activators Market, By Source
7.1 Introduction
7.2 Chemical
7.3 Biological
8 Global Plant Activators Market, By Application
8.1 Introduction
8.2 Foliar Spray
8.3 Soil Treatment
8.4 Other Applications
9 Global Plant Activators Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Agralan Group
11.2 BASF
11.3 Bayer
11.4 Certis USA
11.5 DuPont
11.6 Eagle Plant Protect Pvt. Ltd.
11.7 Futureco Bioscience
11.8 Greenlight Biosciences
11.9 Isagro S.P.A
11.10 Kellogg Company
11.11 Nihon Nohyaku Co.
11.12 Novozymes
11.13 Plant Health Australia
11.14 Sumitomo Chemical
11.15 Syngenta
11.16 UPL
11.17 Yara International
List of Tables
1 Global Plant Activators Market Outlook, By Region (2021-2030) ($MN)
2 Global Plant Activators Market Outlook, By Crop Type (2021-2030) ($MN)
3 Global Plant Activators Market Outlook, By Cereals & Grains (2021-2030) ($MN)
4 Global Plant Activators Market Outlook, By Corn (2021-2030) ($MN)
5 Global Plant Activators Market Outlook, By Wheat (2021-2030) ($MN)
6 Global Plant Activators Market Outlook, By Rice (2021-2030) ($MN)
7 Global Plant Activators Market Outlook, By Barley (2021-2030) ($MN)
8 Global Plant Activators Market Outlook, By Other Cereals & Grains (2021-2030) ($MN)
9 Global Plant Activators Market Outlook, By Fruits & Vegetables (2021-2030) ($MN)
10 Global Plant Activators Market Outlook, By Berries (2021-2030) ($MN)
11 Global Plant Activators Market Outlook, By Citrus Fruits (2021-2030) ($MN)
12 Global Plant Activators Market Outlook, By Tropical Fruits (2021-2030) ($MN)
13 Global Plant Activators Market Outlook, By Other Fruits & Vegetables (2021-2030) ($MN)
14 Global Plant Activators Market Outlook, By Turf & Ornamentals (2021-2030) ($MN)
15 Global Plant Activators Market Outlook, By Grasses (2021-2030) ($MN)
16 Global Plant Activators Market Outlook, By Shrubs (2021-2030) ($MN)
17 Global Plant Activators Market Outlook, By Flowering Plants (2021-2030) ($MN)
18 Global Plant Activators Market Outlook, By Other Turf & Ornamentals (2021-2030) ($MN)
19 Global Plant Activators Market Outlook, By Oilseeds & Pulses (2021-2030) ($MN)
20 Global Plant Activators Market Outlook, By Canola (2021-2030) ($MN)
21 Global Plant Activators Market Outlook, By Peanuts (2021-2030) ($MN)
22 Global Plant Activators Market Outlook, By Soybeans (2021-2030) ($MN)
23 Global Plant Activators Market Outlook, By Other Oilseeds & Pulses (2021-2030) ($MN)
24 Global Plant Activators Market Outlook, By Other Crop Types (2021-2030) ($MN)
25 Global Plant Activators Market Outlook, By Form (2021-2030) ($MN)
26 Global Plant Activators Market Outlook, By Granules (2021-2030) ($MN)
27 Global Plant Activators Market Outlook, By Liquid (2021-2030) ($MN)
28 Global Plant Activators Market Outlook, By Powder (2021-2030) ($MN)
29 Global Plant Activators Market Outlook, By Other Forms (2021-2030) ($MN)
30 Global Plant Activators Market Outlook, By Source (2021-2030) ($MN)
31 Global Plant Activators Market Outlook, By Chemical (2021-2030) ($MN)
32 Global Plant Activators Market Outlook, By Biological (2021-2030) ($MN)
33 Global Plant Activators Market Outlook, By Application (2021-2030) ($MN)
34 Global Plant Activators Market Outlook, By Foliar Spray (2021-2030) ($MN)
35 Global Plant Activators Market Outlook, By Soil Treatment (2021-2030) ($MN)
36 Global Plant Activators Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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