Plant Growth Regulators Market

Plant Growth Regulators Market Insights

"The global plant growth regulators market size was estimated at USD 2.26 billion in 2022 and is likely to grow at a CAGR of 7.79% during 2023-2028 to reach USD 3.58 billion in 2028."

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Introduction

The chemical substances that control the growth aspects and development within the plant completely are called plant growth regulators. They are used to modify aspects line increasing branching, suppressing the growth of shoots, increasing return bloom, removal of excess fruit, or altering fruit maturity.

There are numerous factors affecting the performance of plant growth regulators such as how well the plant absorbs the chemical, vigor, and age of the tree, dosage, timing, and the weather conditions before, after, and during the application.

Market Drivers

These factors are expected to boost the demand for the market in the coming year:

• Increasing investment in the agriculture sector globally And increasing the trend of organic farming.
• Global demand for all types of crops, like cereals, etc. is rising as a result of the rapidly increasing population, and changing consumer lifestyles.
• Due to the growing demand for the use of PGRs in fruit plants, the global trade and production of fruits are expanding.

Segments Analysis

Product Trends

"The cytokinins segment accounted for the largest market share."

The market is segmented as cytokinins, auxins, gibberlins, and ethylene. Cytokinin is estimated to be the largest product type in the market over the forecast period on account of its wide range of applications, making it useful in cell division, delay in senescence, dormancy breaking, and it also being as a growth stimulant.

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Application Trends

"The fruits & vegetables segment accounted for the largest market share."

The market is segmented as fruits & vegetables, cereals & grains, oil seeds & pulses, and turf & ornaments. Fruits & vegetables are estimated to be the fastest-growing application type in the plant growth regulators market during the forecast period. Further, growing population resulting in an increased demand for food and its production is the major factor fueling the segment growth over the forecast period.

Regional Insights

"Europe accounted for the largest market share."

Europe is estimated to account for the major share of the market during the forecast period owing to growing consumer awareness regarding product usage and advantages, and rising disposable incomes in the region. On the other hand, Asia-Pacific is estimated to register the highest growth rate in the market on account of increase in favorable agricultural policies for farmers made by the government and increase in product knowledge among consumers, fueling the regional market growth over the forecast period.

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Key Players

The following are the key players in the plant growth regulators market (arranged alphabetically).

• Adama Agricultural Solutions Ltd.
• Arysta Lifescience Corporation
• BASF SE
• Bayer AG
• DuPont de Nemours, Inc.
• Nippon Soda Co Ltd.
• Nufarm Limited
• Syngenta AG
• Tata Chemicals Ltd.
• Valent Biosciences LLC.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

The market is segmented into the following categories:

By Product Type

• Cytokinins
• Auxins
• Gibberlins
• Ethylene

By Application Type

• Fruits & Vegetables
• Cereals & Grains
• Oil Seeds & Pulses
• Turf & Ornaments

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s plant growth regulators market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.