Plant Growth Regulators Market will show exponential growth from cereals & grains application segment

Plant Growth Regulators Market in cereals and grains application segment will create a significant product demand over the next few years. Cereals and grains are major part of the human diet from thousand years. According to the world bank reports cereals production in 2000 was 2.053 billion metric tons and reached 2.849 billion metric tons in 2015. This exponential production and growth in cereals production is likely to boost the product demand in near future. Oil seeds and pulses shall create a major chunk of plant growth regulators market over the forecast period, due to rising demand for oil seeds and pulses in nations including India, China, Taiwan, Thailand and Indonesia.

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Focusing on the adverse effect of climate change on the cultivation of crops, players in plant growth regulators market have lately been encouraging farmers to increase the productivity of crops. The rapidly growing population across the globe and the corresponding food production have come out to be inversely proportional. In accordance, several regulatory bodies and groups like the Food and Agriculture Organization (FAO) are also contributing toward controlling the hunger and food deficit across the globe.

Cytokinins will create a major chunk of demand in plant growth regulators market over the forecast timespan. Growing acceptance for genetically modified seeds and crops in nations including Brazil, India, Sri Lanka, Indonesia will be fueling the global cytokinins demand. Cytokinins are generally used in seed germination and plant cell division. Gibberlins is another major product segment which will experience a healthy CAGR in near future. This can be attributed to its applications in wide range of crops for stem elongation, dormancy breaking and other crucial plant growth processes.

The rapid development of the industrial as commercial projects across the Europe has majorly impacted the agricultural land usage, in turn impelling the government to promote the use of plant regulators for better crop yields within the available arable land. With such governmental backing and increased consumer awareness regarding the use of PGR, estimates claim that Europe accounted for the highest share in the regional landscape of the global plant growth regulators market in the year 2017.

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Asia Pacific plant growth regulators market shall expand with highest CAGR over the forecast period. This can be attributed to the countries in Asia Pacific spending more than before on agriculture sector, which is due to growing food demand across the region.

The growing importance for food security to decrease poverty across countries that are totally agro-based will indeed propel the need for plant growth regulators over the years ahead. The initiatives taken by global federal agencies to break the cycle of poverty and hunger as well as to improve the nutritional value of food will prove to be revenue generating opportunity for the key players. Driven by the increasing need to enhance the crop productivity, plant growth regulators market will generate revenue of more than USD 9.7 billion by the end of 2025.

Major Point From Table Of Content:

Chapter 5. Plant Growth Regulators Market, By Application

5.1. Plant Growth Regulators market application insights

5.2. Fruits & vegetables

5.2.1. Market estimates and forecast, 2014 – 2025

5.2.2. Market estimates and forecast by region, 2014 – 2025

5.3. Cereals & grains

5.3.1. Market estimates and forecast, 2014 – 2025

5.3.2. Market estimates and forecast by region, 2014 – 2025

5.4. Oil seeds & pulses

5.4.1. Market estimates and forecast, 2014 – 2025

5.4.2. Market estimates and forecast by region, 2014 – 2025

5.5. Turf & ornaments

5.5.1. Market estimates and forecast, 2014 – 2025

5.5.2. Market estimates and forecast by region, 2014 – 2025

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