• Blog
  • Plant Growth Regulators Market Analysis & Forecast | 2023-2028

    Plant Growth Regulators Market Analysis & Forecast | 2023-2028

    Plant Growth Regulators Market Analysis & Forecast | 2023-2028
    Report code - SRAM720 Delivery - 2 Weeks
    Plant Growth Regulators Market Size, Share, Trends, Dynamics, Forecast, Industry, & Gr See more...

    Market Insights

    The Plant Growth Regulators Market 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.

    Plant-Growth-Regulators-Market-Size

    Wish to Get a Free Sample? Click Here.

    What is a plant growth regulator?

    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, vigour and age of the tree, dosage, timing, and the weather conditions before, after and during the application.

    Plant Growth Regulators Market Highlights

    Market Size in 2028

    USD 3.58 Billion

    Market Size in 2022

    USD 2.26 Billion

    Market Growth (2023-2028)

    CAGR of 7.79%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Dominant Region

    Europe is estimated to account for the major share of the market during the forecast period.

    Market Dynamics

    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.

    Plant-Growth-Regulators-Market-Snapshot

    Want to have a closer look at this report, Get a Free Sample.

    Key Players

    Some of the key players in the plant growth regulators market are-

    Segments Analysis

    Product Trend

    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 also being a growth stimulant.

    Application Trend

    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 market during the forecast period. Further, the 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 Analysis

    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 an increase in favourable agricultural policies for farmers made by the government and an increase in product knowledge among consumers, fueling the regional market demand over the forecast period.

    Plant-Growth-Regulators-Market-Regional-Analysis

    To know the high-growth countries in this report, Click Here.

    Segmentation

    The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The plant growth regulators 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 Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Plant-Growth-Regulators-Market-Segments

    Click Here, to learn the market segmentation details.

    Research Methodology

    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 1,000 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 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides 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 dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Plant Growth Regulators Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Option

    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)

    Segmentation

    • Current segmentation of any one of the product types by application type.

    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.

    Frequently Asked Questions (FAQs)

    A plant growth regulator is basically a chemical substance which is used to govern all the development and growth factors within a plant.

    The plant growth regulators market is expected to grow at a CAGR of 7.79 % during the upcoming five years.

    Increasing investment in agriculture sector globally and increase in the trend of organic farming are some of the key factors fueling the demand of the market over the forecast period.

    The plant growth regulators market size was estimated to grow from USD 2.26 Bn in 2022 to USD 3.58 Bn by 2028.

    Europe is estimated to account for the major share of the market during the forecast period.

    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. are the key companies in the market.

    The Cytokinin segment has the largest share of the market during the estimated time.

    The study period of the market is 2017-2028.

    •   

      Why are We Class Apart?

      Advanced Materials Offer Next Growth Wave

      We Specialize in Composites & other Materials Market Research

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      Clients Across the Value Chain

      Track the Latest Trends in Advanced Materials

      Know High Growth Opportunities