Global Plant Growth Regulators Market, By Type (Auxins, Cytokinins, Gibberellins, Ethylene, Others), Crop Type (Cereals and Grains, Fruits and Vegetables, Oilseeds and Pulses, Turf and Ornamentals), Formulation (Water-Dispersible and Water-Soluble Granules, Wettable Powders, Solutions), Function (Promoters, Inhibitors), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, 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 Plant Growth Regulators Market
Data Bridge Market Research analyses that the plant growth regulators market will project a compound annual growth rate (CAGR) of 13.20% during the forecast period of 2021-2028.
Plant growth regulators are chemical compounds that have a significant impact on the development and isolation of plant cells, tissues, and organs. Plant growth regulators act as chemical messengers that allow cells to communicate with one another. Natural plant growth regulators are produced in the smallest quantities within a specific plant and then spread to other parts of the plant, influencing a variety of physiological functions to modulate plant growth, such as promoting plant cell division and cell expansion, retarding leaf senescence, leaf expansion, fruit and flower maturation, ripening of fruits and vegetables, and seed germination.
The rise in the trading requirements for industrial activities will emerge as the major factor fostering the growth of the plant growth regulators market. Also, growing consumer preferences towards organic foods and advancement associated with technology and farming practices will influence the growth rate of plant growth regulators market. Other factors such as rising urbanization, growing global population and increase in the textile industry will cushion the growth of market.
Moreover, the increase in level of investments in agricultural activities in emerging nations, decrease in the land area under cultivation and stronger product portfolio for broad-acre crops will further create lucrative and remunerative growth opportunities for the plant growth regulators market.
However, long approval period for new products and the dearth of awareness about the benefits of plant growth regulators are the major factors that will pose a major challenge to the growth of the market.
Also, the high cost associated with regulatory requirements and identification of plant growth regulators- modulated genic/multigenic expressions will further derail the plant growth regulators market growth rate.
This plant growth regulators market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 plant growth regulators 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 Plant Growth Regulators Market Scope and Market Size
The plant growth regulators market is segmented on the basis of type, crop type, formulation and function. The growth among segments helps you analyse 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 type, the plant growth regulators market is segmented into auxins, cytokinins, gibberellins, ethylene and others. Cytokinins are further sub-segmented into kinetin, zeatin, 6-benzylaminopurine and others. Auxins are further sub-segmented into indoleacetic acid (IAA), 1-naphthaleneacetic acid (NAA), indole-3-butyric acid (IBA), 2,4-D (2,4-Dichlorophenoxyacetic acid) and others. Gibberellins are further sub-segmented into GA1, GA2, GA3, GA4 and others.
- On the basis of crop type, the plant growth regulators market is segmented into cereals and grains, fruits and vegetables, oilseeds and pulses, and turf and ornamentals. Cereals and grains are further segmented into rice, wheat, corn and others. Oilseeds and pulses are further segmented into soybean, cotton seed, sunflower and others.
- Based on the formulation, the plant growth regulators market is segmented into water-dispersible and water-soluble granules, wettable powders, and solutions.
- On the basis of function, the plant growth regulators market is segmented into promoters and inhibitors.
Plant Growth Regulators Market Country Level Analysis
The global plant growth regulators market is analyses and market size, volume information is provided by country, type, crop type, formulation and function as referenced above.
The countries covered in the plant growth regulators market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe dominates the plant growth regulators market and will continue to flourish its trend of dominance during the forecast period owing to the rising consumption of organic food in this region. Asia-Pacific is expected to score the highest CAGR due to the upsurge in the adoption rate of sustainable farming and growing organic food consumption.
The country section of the plant growth regulators 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 Plant Growth Regulators Market Share Analysis
The plant growth regulators 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 plant growth regulators market.
The major players covered in the plant growth regulators market report are Nufarm Canada, Dow, Syngenta Crop Protection AG, ADAMA India Private Limited, NIPPON SODA CO., LTD., FMC Corporation, Bayer AG, BASF SE, Valent BioSciences LLC and Arysta LifeScience Corporation, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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