Apr 14, 2020: The global Plant Growth Regulators market is expected to display higher growth rate over the next ten years. Rapid surge in market is credited to the increasing overall agriculture production to sustain ever-growing population and rise in the awareness level among farmers. Plant growth regulators are responsible for cell elongation, growth of a plant, increases overall life span, and stimulates production fruits in plants. Such factors are expected to boost growth of the market of plant growth regulators over the forecast period.
Other critical factors responsible for spurring demand of the plant growth regulators are superior quality of vegetables and fruits, and increasing demands of ever-growing population. Furthermore, growing preference towards adoption of the plant growth regulators by farmers because of its ability to foster growth of the plants under uncontainable and unprecedented atmospheric conditions, are boosting growth of the market in the recent years. Globally, plant growth regulators market is predicted to generate massive revenue over the next ten years, providing numerous opportunities for industry participants to invest in research and development of plant growth regulators.
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Numerous initiatives and support provided by local governments across the globe for the modernization of agriculture is estimated to aggravate market value of plant growth regulators over the forecast period. To increase production value and achieve higher profits in short duration of time, leads to use of modern techniques in farming, thus fostering the growth of plant regulators market in the upcoming years.
Moreover, increasing preference towards plant regulators such as cytokinins and auxins over gibberellins due to lower cost and numerous health benefits are further advancing plant growth regulators market. Rising adoption of the cytokinins and auxins at commercial level for a various of fruits and vegetables to achieve breakage of dormancy, stimulation for plant growth, incitement for lateral branching, and improvement in the fruit size and shape, are accelerating market demand of the product over the coming years.
The plant growth regulators market is broadly categorized into major segments based on the crop type such as cereals & grains, fruits & vegetables, oilseeds & pulses, and turf & ornamentals. Cereals & grains segment is growing rapidly in the market with substantial revenue generation in the last few years.
The plant growth regulators market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in agriculture sector, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major share in the plant growth regulators market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rapid advancement in agriculture sector, growing requirement to improve overall agriculture yield to sustain ever-increasing population demands, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the plant growth regulators market are BASF SE, E. I. du Pont de Nemours and Co., Bayer CropScience Crop., Care Australasia Pty., Ltd., NuFarm Ltd., Redox Industries Ltd., Sichuan Guoguang Agrochemical Co., Ltd., and Xinyi (H.K.) Industrial Co., Ltd.
The global Plant Growth Regulators market was valued at $XX million in 2017, and Radiant Research analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2017 and 2028.
This report provides detailed historical analysis of global market for Plant Growth Regulators from 2013-2018, and provides extensive market forecasts from 2018-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Plant Growth Regulators market.
Leading players of Plant Growth Regulators including:
• FMC Corporation
• Syngenta AG
• The Dow Chemical Company
• BASF SE
• Nufarm Limited
Market split by Type, can be divided into:
Market split by Application, can be divided into:
• Cereals & Grains
• Fruits & Vegetables
• Oilseeds & Pulses
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
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Table of Contents
Chapter 1 Plant Growth Regulators Market Overview
1.1 Plant Growth Regulators Definition
1.2 Global Plant Growth Regulators Market Size Status and Outlook (2013-2028)
1.3 Global Plant Growth Regulators Market Size Comparison by Region (2013-2028)
1.4 Global Plant Growth Regulators Market Size Comparison by Type (2013-2028)
1.5 Global Plant Growth Regulators Market Size Comparison by Application (2013-2028)
1.6 Global Plant Growth Regulators Market Size Comparison by Sales Channel (2013-2028)
1.7 Plant Growth Regulators Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/ Expansion)
Chapter 2 Plant Growth Regulators Market Segment Analysis by Player
2.1 Global Plant Growth Regulators Sales and Market Share by Player (2016-2018)
2.2 Global Plant Growth Regulators Revenue and Market Share by Player (2016-2018)
2.3 Global Plant Growth Regulators Average Price by Player (2016-2018)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player
Chapter 3 Plant Growth Regulators Market Segment Analysis by Type
3.1 Global Plant Growth Regulators Market by Type
3.2 Global Plant Growth Regulators Sales and Market Share by Type (2013-2018)
3.3 Global Plant Growth Regulators Revenue and Market Share by Type (2013-2018)
3.4 Global Plant Growth Regulators Average Price by Type (2013-2018)
3.5 Leading Players of Plant Growth Regulators by Type in 2017
3.6 Conclusion of Segment by Type
Chapter 4 Plant Growth Regulators Market Segment Analysis by Application
4.1 Global Plant Growth Regulators Market by Application
4.1.1 Cereals & Grains
4.1.2 Fruits & Vegetables
4.1.3 Oilseeds & Pulses
4.2 Global Plant Growth Regulators Sales and Market Share by Application (2013-2018)
4.3 Leading Consumers of Plant Growth Regulators by Application in 2017
4.4 Conclusion of Segment by Application
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