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Plant Activators Market Projected to Reach $878.38 Million by 2023 | Top Key Players are Syngenta, Isagro, Plant Health Care, Arysta LifeScience, Certis, Gowan, Futureco Bioscience, NutriAg

05-29-2019 02:03 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets.com

Plant Activators Market

Plant Activators Market

The report "Plant Activators Market by Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Turf & Ornamentals), Mode of Application (Foliar Spray, Soil Treatment), Source (Biological, Chemical), Form, and Region - Global Forecast to 2023", The plant activators market is estimated at USD 636.76 Million in 2018 and is projected to reach a value of USD 878.38 Million by 2023, at a CAGR of 6.6% from 2018 to 2023. The market is driven by factors such as growing consumer preference for organic foods, new product registrations, decrease in arable land, and technological advancements in the agricultural industry. On the other hand, lack of awareness, increased prices of raw materials, and high R&D costs are the key factors hindering the growth of this market. This indicates that there is immense scope for the growth of the plant activators market, globally.

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The solutions segment, by form, accounted for the largest share of the plant activators market in 2017.

The solutions segment accounted for the largest share of the global plant activators market in 2017. They are the most popular forms of plant activators in the agricultural industry. Solution formulations are mainly preferred as they do not cause dust formation on spraying, do not cause toxicity or flammability, provide high efficiency due to smaller particle size, and low packaging volume.

The fruits & vegetables segment, by crop type, accounted for the largest share in the plant activators market in 2017.

Plant activators are increasingly gaining importance in the fruits & vegetables industry. With the rise in production of fruits & vegetables, the demand for plant activators has been increasing in this segment. The high export potential of these products has also led to an increase in production levels.

The biological plant activators segment accounted for the largest share in the plant activators market in 2017

Biological plant activators play an important role in plant growth as they help improve nutrient use efficiency. The high cost of developing new chemical pesticides, increase in insect & weed resistance to chemical treatments, and high regulatory pressure to limit chemical usage with respect to ecosystem damage have contributed to an increase in demand for biological plant activator products.

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Europe dominated the plant activators market in 2017.

In 2017, the European region dominated the global market for plant activators. European agriculture is driven by technical advancements, economics, politics, climatic changes, and consumer demand. Plant activators have received wide-scale acceptance in Europe as they are expected to increase long-term agricultural productivity and help realize the goal of food self-adequacy.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as Syngenta (Switzerland), Isagro (Italy), Plant Health Care (US), Arysta LifeScience (US), Nihon Nohyaku Co., Ltd. (Japan), Meiji Seika (Japan), Certis (US), Gowan (US), Futureco Bioscience (Spain), NutriAg (Canada), and Eagle Plant Protect Pvt. Ltd. (India).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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