Global Abscisic Acid (ABA) Market, By Product Type (99% and above Purity, No greater than 99% Purity), Application (Fruits and Vegetables, Grains and Pulses, Ornamentals, Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Abscisic Acid (ABA) Market
Data Bridge Market Research analyses that the Global abscisic acid (ABA) market will project a compound annual growth rate (CAGR) of 4.2% during the forecast period of 2021-2028 and will reach USD 0.649 billion by the year 2028. The increase in health awareness among the population has given a rise in demand of organic food around the globe.
Abscisic acid (ABA) is a plant hormone. It functions in several plant developmental processes, such as seed and bud dormancy, the control of organ size and stomatal closure.
Factors that drive the growth of the market include rise of the organic food industry, owing to increased demand for organic food across the globe. In addition, upsurge in the textile industry, such as increase in the production of cotton, and the increase in the practice of organic farming is expected to boost the market growth. However, a significantly huge number of farmers are still unaware of these plant growth regulators and their precise and appropriate use for various applications, which, restrains the abscisic acid (ABA) market.
However, the covid-19 has put a halt on the production of various stabilizers and essential chemicals and this will pose a major challenge to the growth of abscisic acid (ABA) market. Also, fluctuations in the prices of raw materials will further derail the abscisic acid (ABA) market growth rate.
This abscisic acid (ABA) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on abscisic acid (ABA) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth
Global Abscisic Acid (ABA) Market Scope and Market Size
Global abscisic acid (ABA) market is segmented on the basis of product type and application. The growth among segments helps you analyses niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the product type, the abscisic acid (ABA) market is segmented into 99% and above purity, and no greater than 99% purity.
- On the basis of application, the abscisic acid (ABA) market is segmented into fruits and vegetables, grains and pulses, ornamentals, and others.
Abscisic Acid (ABA) Market Country Level Analysis
The abscisic acid (ABA) market is analyses and market size, volume information is provided by country by product type and application as referenced above.
The countries covered in the abscisic acid (ABA) market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific region is undergoing substantial gains and is projected to score the highest compound annual growth rate (CAGR) during the forecast period. This is because of the more capital investments in the agriculture sector in developing economies such as India, China, Japan, Indonesia, Malaysia and Thailand.
The country section of the abscisic acid (ABA) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Abscisic Acid (ABA) Market Share Analysis
The abscisic acid (ABA) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to abscisic acid (ABA) market.
The major players covered in the abscisic acid (ABA) market report are BASF SE, DuPont, TATA chemicals limited, Nufarm, Arysta Life science, Fine agrochemicals, Vizag Chemical, ALPHA CHEMIKA, Syngenta and Sumitomo Chemical Co., Ltd., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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