Plant Growth Regulators Market Size, Share, Growth, Trends, and Forecast - 2022

The report "Plant Growth Regulators Market by Type (Auxins, Cytokinins, Gibberellins, Ethylene), Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, Turf & Ornamentals), Formulation, Function, Origin, and Region - Forecast to 2022", The 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. The market is driven by factors such as growing consumer preference for organic foods, new product registrations, increase in arable land and technological advancements in the agricultural industry.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=94580110

Rise in investment in agricultural activities in developing countries

Agricultural production requires expenditure on inputs, in order to optimize the output from a particular cropping cycle. These expenses pertain to the cost of buying seeds, agrochemicals, machinery, and other miscellaneous expenses. In case of relatively smaller farm sizes, it is not feasible to optimize the production based on productivity enhancing inputs, as this involves costs that farmers are unable to bear. In the developing economies of Sub-Saharan Africa and South Asia, the investment made in agricultural activities is not adequate, resulting in sub-optimum production, in terms of quality and quantity. This phenomenon has its implications on the overall food security and the standard of living of the population engaged in the primary sector.

Emerging markets such as India and Brazil have strong production of fruits & vegetables and cotton, respectively. These markets not only boost the growth of plant growth regulators in high-value crop segments, but can also improve the growth in high-volume crops such as cereals and oilseeds. The cost effectiveness is not suitable in these countries for growers to utilize plant growth regulators during the cultivation of cereals and oilseeds.

By prioritizing domestic food security, several countries in the Middle Eastern region, and even China, have taken up the unutilized arable land in the Sub-Saharan region for agricultural activities. To subsidize food products, Gulf countries and some Asian countries have initiated national programs to acquire farmland around the world to secure food production.

Thus, with the increase in investments in the agricultural industry, farmers have increased access to various plant growth regulators, owing to availability of better financial resources.

The plant growth promoters segment, by function, accounted for a larger share of the plant growth regulators market in 2017

Plant growth regulators or phytohormones are segmented as plant growth promotors and plant growth inhibitors as per their functionality. The plant growth promoters segment accounted for a larger share of the global plant growth regulators market in 2017. Some of the most popular plant growth promoters include auxins, gibberellins, and cytokinins. They help in growth and development during flowering, fruiting, root initiation, and overall increase in yield. Plant growth promoters are used in various fruit & vegetables to enhance the flowering process. With the growing demand for high value crops such as fruits, the demand for plant growth promotors is also increasing.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=94580110

The Asia Pacific region dominated the plant growth regulators market in 2017

India and China being the most populated countries led to higher demand for food in the region resulting in adoption of practices such as use of plant growth regulators. In 2017, the Asia Pacific region accounted the higher share in the global market for plant growth regulators. According to MarketsandMarkets, factors such as rapid technical advancements, government encouragement for organic farming, and increase in crop production drives the plant growth regulators market in the Asia Pacific region. Plant growth regulators are receiving acceptance as they are expected to increase long-term agricultural productivity and help realize the goal of food self-sufficiency.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as BASF (Germany), Corteva (US), Syngenta (Switzerland), FMC Corporation (US), and Nufarm (Australia). Other players include Bayer CropScience (Germany), Nippon Soda (Japan), Tata Chemicals (India), Valent Biosciences (US), Xinyi Industrial (China), ADAMA (Israel), UPL (India), Sumitomo Chemical (Japan), and WinField Solutions (US).

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.