Plant Growth Regulator Market in Europe – Key Trends and how do they Impact the Specific Regions | BASF, DuPont, Syngenta, Bayer, Nufarm, ADAMA Agricultural Solutions Ltd, Arysta Lifescience

According to reports, the European Union may invest an estimated amount of USD 426 billion under its Common Agricultural Policy (CAP) in forthcoming years. Thus, the investments made by the government authorities to strengthen their agricultural sector globally is benefiting the growth prospects of plant growth regulators market. In Europe, the rising development of industrial and commercial spaces has led to a decline in agricultural land. Hence, the government authorities are encouraging the use of plant growth regulators to boost plantation within the available arable land.

The growing demand for food in the Asia Pacific countries and the rise in expenditure in agricultural sector will drive plant growth regulators market in this region. For instance, a loan of USD 450 billion has been sanctioned by the Agricultural Development Bank of China to enhance the Chinese agricultural industry by 2020. Due to this, the farmers are willing to adopt crop production chemicals like plant growth regulators to increase the agricultural produce of tobacco, cotton, grains, fruits, etc. in China. Moreover, the surging population in APAC countries is increasing the demand for agricultural produce, thereby boosting the usage of bio-based stimulators and plant growth regulators.

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Plant growth regulators market share is expected to grow at a rapid pace in the forthcoming years owing to the rise of investments in the agricultural sector coupled with the increasing awareness regarding plant growth regulators. Additionally, the rise in demand for food is propelling the global agricultural produce thereby requiring crop production chemicals like plant growth regulators to enhance the productivity.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. BASF
2. DuPont
3. Syngenta
4. Bayer
5. Nufarm
6. Nippon Soda Co Ltd
7. Tata Chemicals
8. Valent BioSciences
9. ADAMA Agricultural Solutions Ltd
10. Arysta Lifescience

The rising investment in agricultural sector globally is a vital factor propelling plant growth regulators market size. Increasing awareness regarding plant growth regulators and product marketing by the manufacturers are also important factors driving the market share. The demand for agricultural produce has seen a substantial uptick in the recent times owing to the shift in dietary pattern of consumers demanding an enhanced crop productivity.

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By Product:

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2. Cytokinins
3. Gibberlins
4. Ethylene

It is estimated that global plant growth regulators market size will exceed an annual valuation of US$9.7 billion by 2025, with a rapid upsurge in world population and subsequently rising food demand. The constantly growing global population, which is estimated to exceed 10 billion by 2050, is a critical challenge for the agriculture sector. The UN FAO estimates that agricultural demand will be up to 50% higher by 2050 compared to 2013. FAO also projects that agricultural yield in emerging economies would need to nearly double in order to meet the burgeoning food demand.

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