The global demand for Plant Growth Regulators Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Plant growth regulators are molecules that accelerate the growth of the plant to better meet the requirement of the food supply. These are often referred as plant hormones or phytohormones. They function by modifying, controlling, and altering plant growth processes, such as the formation of leaves, flower, the extension of the stem, and ripening of fruit. The three most common plant growth regulators are ethylene, auxins, and forchlorfenuron. These are either sprayed or applied on plant or crop or its seed. The plant growth regulators not only facilitate crop management and increase yield but also improve its storage and shelf life.
The growing population has increased the demand for greater agricultural productivity and hence plant growth regulator. The application of regulator is growing across farmer as farmers are becoming aware and educated about its benefits and application. Players within the market are unveiling new plant growth regulators with a unique mechanism. Exciting and new products are being developed for a specific task such as reducing shattering of flower and increasing longevity of flowering. Innovation in the field of plant growth regulator will continue to support grower meet their target more profitably and sustainably. However, there is a significant number of farmers who are still unaware of these plant growth regulators and their precise and appropriate use for various applications, which is restraining the plant growth regulators market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Plant Growth Regulators.
The entire Plant Growth Regulators market has been sub-categorized into hormone type, and crop type. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Hormone Type
By Crop Type
- Abscisic acid
- Fruits and vegetables
- Turf and ornamentals
- Cereals & grains
- Oilseeds & pulses
This section covers regional segmentation which accentuates on current and future demand for Plant Growth Regulators market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Plant Growth Regulators Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Plant Growth Regulators market include BASF SE, DuPont, Bayer crop science, TATA chemicals limited, Nufarm. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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