Plant Growth Regulators - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Plant Growth Regulators Market is accounted for $2.62 billion in 2020 and is expected to reach $5.15 billion by 2028 growing at a CAGR of 8.8% during the forecast period. Rise in trading requirements for industrial activities, consumer shift toward organic foods and evolution in farming practices & technology are driving the market growth. However, long approval period for new products is hampering the growth of the market.
Plant growth regulators are valuable production tools that can enhance the product quality and marketability while reducing labour for pruning, pinching and maintenance. Over the last few decades, plant growth regulators have become an integral part of many horticulture and agricultural production systems.
Based on the type, the cytokinins (CK) segment is going to have lucrative growth during the forecast period owning to high consumer awareness about its positive effects on branching, nutrient remobilization, delaying of senescence, and fast growth of flower & seeds. By geography, North America is going to have high growth during the forecast period due to increasing demand for organic food in this region.
Some of the key players profiled in the Plant Growth Regulators Market include BASF, Adama Agricultural Solutions, Arysta LifeScience, Bayer CropScience, Dow Chemical Company, FMC Corporation, Nippon Soda, Nufarm, Redox Industries Limited, Syngenta, TATA Chemicals, Valent Biosciences Corportation, WinField United and Xinyi (HK) Industrial.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs & Figures
Type, Origin, Function, Crop Type, Formulation, Application, Distribution Channel and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Cytokinins (CK)
• Gibberellin or Gibberellic Acid (GA)
• Ethylene (C2H4)
• Mepiquate Chloride
• Ethylene/Ethylene Releasers
• Abscisic Acid (AbA)
• Salicylic Acid
• Plant Growth Promoters
• Plant Growth Inhibitors
Crop Types Covered:
• Fruits & Vegetables
• Cereals & Grains
• Oilseeds & Pulses
• Turf & Ornamentals
• Water-Dispersible & Water-Soluble Granules
• Wettable Powders
• Crop Based
• Non-Crop Based
Distribution Channels Covered:
• Direct Sales
• Indirect Sales
• 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
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 2019, 2020, 2021, 2025, and 2028
- 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
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Plant Growth Regulators Market is majorly driven by rise in trading requirements for industrial activities, consumer shift toward organic foods and evolution in farming practices & technology.
The cytokinins (CK) segment is growing at a highest CAGR owing to high consumer awareness about its positive effects on branching, nutrient remobilization, delaying of senescence, and fast growth of flower & seeds.
Europe dominated with a significant market share due to the factors such as high demand for fruits and vegetables within the region and unfavorable climatic conditions in various economies,which is likely to increase the utilization of plant growth regulators.
North America market is growing at a highest CAGR owing to the Increasing demand for organic food in the region.
Key players in Plant Growth Regulators Market include BASF, Adama Agricultural Solutions, ArystaLifeScience, Bayer CropScience, Dow Chemical Company, FMC Corporation, Nippon Soda, Nufarm, Redox Industries Limited, Syngenta, TATA Chemicals, Valent Biosciences Corportation, WinField United and Xinyi (HK) Industrial.
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