Plant Growth Regulators Market to Showcase High Growth; to cross USD 9433.3 MN Mark by 2026
Posted On September 22, 2020
During the period of 2020-2026 it is expected that the Global Plant Growth Regulators Market will showcase a CAGR of 7.5%. The market is foreseen to reach USD 9433.3 MN by 2026 while it was valued at USD 5686 MN in 2019 as stated in a the published market study by Value Market Research. The most influential factors in driving the growth of plant growth regulators market forward are the expanding organic food industry and the increased emphasis on sustainable farming methods. The market will witness a surge in the coming years since these chemicals increase the yield's marketability and quality and reduce the workforce for pruning, maintenance, and pinching. Rapid urban expansion and dietary and lifestyle changes will broaden the market for these chemicals in the food and textile industry. The rise in investment in agricultural and research activities to optimize the crop yield will be a market booster. The lack of awareness among farmers, the high production costs, and reduced profit will hinder the market growth.
Plant growth regulators are chemicals that can be used to alter the growth and development of a plant or part of a plant. These are synthetic products that mimic the functionality of plant hormones. They are used in the form of a spray or a liquid drench to the soil. The effects of the chemical on the ground are short-lived. Minimal concentrations of these chemicals can produce significant growth changes. They can alter flowering, aging, root growth, prevention or promotion of stem elongation, color enhancement of fruit, and many other characteristics of plant growth. The main groups of plant-growth-regulators are auxin, gibberellin (GA), cytokinin, ethylene, and abscisic acid (ABA).
The initial sections of the report "Global Plant Growth Regulators Market Report By Hormone Type (Cytokinins, Auxins, Gibberellins, Ethylene, Abscisic Acid, Vitamins, Others), By Crop Type (Fruits And Vegetables, Turf And Ornamentals, Cereals & Grains, Oilseeds & Pulses, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" starts with the introduction, a crisp market summary followed by detailed revenue analysis as per segments and regions. The market drivers responsible for pushing the market growth are discussed in length in the report. The plant growth regulators market opportunities are useful to identify the profit canters and take the strategic decision accordingly.
On the basis of hormone type the market is segmented into Cytokinins, Auxins, Gibberellins, Ethylene, Abscisic Acid, Vitamins, Others. by crop type the plant growth regulators market is categorised as Fruits and Vegetables, Turf and Ornamentals, Cereals & Grains, Oilseeds & Pulses, Others. The other regions studied in the report are North America, Europe, Latin America and Middle East & Africa. The regional spread of all the segments and sub segments are detailed in the report.
The Report Segments Global Plant Growth Regulators Market -
By Hormone Type
By Crop Type
- Abscisic Acid
- Fruits and Vegetables
- Turf and Ornamentals
- Cereals & Grains
- Oilseeds & Pulses
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
BASF SE, DuPont, Bayer crop science, TATA chemicals limited, Nufarm.
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