Plant Growth Regulators Market Revenue and Growth Rate Research By top key players: Dow Chemical Company, WinField Solutions, Valent Bioscience Corporation, Syngenta AG, Nufarm Limited, Xinyi Industrial Co., Ltd., Somitomo Chemicals Company LTD, BASF SE,

Global Plant Growth Regulators Market Overview

There are different types of hormones available in the global market of plant growth regulators. Of these, cytokinin is the most productive type, generating more income. This is due to its increasing use as phytohormones to cause cell division in the roots and buds of plants, while improving latency, fruiting, cell enlargement and flowering. In addition, cytokinin are in great demand in various industrial sectors, such as cosmetics, pharmaceuticals and biomedicine.

Global Plant Growth Regulators Market Size:

According to Research Cosmos, The Global Plant Growth Regulators Market is estimated to be valued at 2.11 Billion in 2017 and is projected to reach a value of USD 2.93 Billion by 2022, at a CAGR of 6.8% during the forecast period. 

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Drivers and Restraints:

The global demand for plant growth regulators is increasing dramatically due to the growing demand for organic food. The market is driven by factors such as increased food security needs of the growing population, advances in agricultural practices and technologies and great opportunities in developing countries. Additionally, the supportive initiatives from the local governments in several nations is also promoting the growth of agriculture, thereby, supporting the growth regulators market. The main limiting factor for the plant growth regulators market is the long gestation period of the new product.

Segmentation:

Depending on the type, the market for plant growth regulators was dominated by the cytokinin segment in 2016. It has advantages such as delayed aging of the plants and the prevention of leaf senescence. Cytokinins are also widely used in the countries of North America.

The market for plant growth regulators, based on the type of crop, is segmented into fruits and vegetables, cereals and grains, oilseeds and legumes, and turf and ornamental plants. The fruit and vegetable segment represent the second largest market share. This can be attributed to the growing awareness of consumer health and the increase in income, which has stimulated the consumption of a wide variety of products, especially fruits and vegetables. In North America and Europe, health problems are driving the demand for the nutrition rich food products, as consumers prefer healthier and safe options.

The market for plant growth regulators, based on the formulation, is segmented into water-soluble granules and soluble in water, solutions and dissolving powders. The segment of water-soluble and water-soluble granules covered most of the market. Water-dispersible granules provide greater stability and ease of handling during supply chain activities and are expected to grow more rapidly in the coming years.

The key players analyzed in the report include Dow Chemical Company, Winfield Solutions, Valent Bioscience Corporation, Syngenta AG, Nufarm Limited, Xinyi Industrial Co., Ltd., Sumitomo Chemicals Company LTD, BASF SE, Bayer CropScience, and FMC Corporation 

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Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook on the market along with recommendations from industry experts on the opportunities for investment activity.

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