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    Plant Growth Regulators Market

    Plant Growth Regulators Market
    Report code - SRAM720 Delivery - 2 Weeks
    Plant Growth Regulators Market Size, Share, Trends, Dynamics, Forecast, & Growth  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-Insights

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    Market Dynamics

    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.

    Plant Growth Regulators Market Report Overview

    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 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

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Product-Type Analysis

    Cytokinins, Auxins, Gibberlins, and Ethylene

    Cytokinin is estimated to be the largest product type in the market over the forecast period.

    Application-Type Analysis

    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.

    Regional Analysis

    North America, Europe, Asia-Pacific, and Rest of the World

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

    By Product Type

    "Cytokinin is estimated to be the largest product type in the market over the forecast period".

    • 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.

    Plant-Growth-Regulators-Market-By-Product-Type

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    By Application Type

    "Fruits & vegetables are estimated to be the fastest-growing application type in the market during the forecast period".

    • The market is segmented as fruits & vegetables, cereals & grains, oil seeds & pulses, and turf & ornaments.
    • 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 Insights

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

    • 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 favorable 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

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    Key Players

    The following are the key players in the Plant Growth Regulators Market (arranged alphabetically).

    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?

    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 requirements?

    10% free customization

    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.

    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 that is used to govern all the development and growth factors within a plant.

    The plant growth regulators market was estimated at USD 2.26 billion in 2022.

    The plant growth regulators market is likely to reach USD 3.58 billion in 2028.

    The plant growth regulators market is likely to grow at a CAGR of 7.79% during 2023-2028.

    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.

    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.

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