Plant Growth Regulators Market Size, Share, Forecasting, 2023-2030

Market Overview:
Plant Growth Regulators Market is estimated to reach at a high CAGR 9% during the forecast period 2022-2029.
Plant Growth Regulators Market Growth Size Volume Outlook
Plant growth regulators (PGR) are natural formulations or synthetic chemicals that are used to modify plant growth and development. The modification includes both growth promotion and inhibition and ranges from reproductive growth, branching, flowering, and fruit growth. These chemicals are generally active at low concentrations and are used to shorten the internodes, thereby growing a small, denser plant.

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Market Drivers
Improved productivity and enhanced quality of produce by use of PGRs is spurring the market growth
Plant growth regulators are widely in use in farming practices owing to their potential impact on plant growth, health, and overall productivity of the crop. PGRs help reduces nutrient and water requirements to the crop and decreases labor thereby providing cost advantages.

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Market Segmentation:
By Source:
• Plants*
• Seagrasses
• Synthetic
• Others
By Product Type:
• Plant Growth Promoters*
o Auxins
o Gibberellins
o Cytokinins
• Plant Growth Inhibitors
o Ethylene
o Abscisic Acid
By Crop Type:
• Fruits & Vegetables*
• Pulses and Oilseeds
• Cereals and Grains
• Others
By Form:
• Liquid*
• Powder/Granules

Major Market Players:
Some of the major companies leading the global market are; BASF SE, Corteva, Inc., Syngenta AG, Dhanuka Agritech Ltd., Bayer AG, FMC Corporation, Valent BioSciences Corporation, Nufarm, Tata Chemicals, CANNA UK.

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