Press release
Plant Growth Regulators Industry Trends, Analysis To 2020 by Grand View Research Inc.
Cytokinins were the widest used plant growth regulators with market revenue exceeding USD 1.25 billion in 2013 owing to extensive use in herbal medicines. Increasing concerns regarding farmer profitability is expected to result in shift from conventional farming to organic farming which will provide favorable market opportunities.
Browse full research report for Plant Growth Regulators: grandviewresearch.com/industry-analysis/plant-growth-regulators-market
Further key findings from the study suggest:
• Auxins act as growth stimulators in cotton metabolism which is expected to augment the product segment market in cotton manufacturing. Auxins market revenue was close to USD 1.0 billion in 2013 with major demand from cotton textile industry in Asia Pacific.
• Europe was the largest regional market in 2013 with revenue of USD 1.86 billion due to increased organic farming activities in the region. Ample land available for organic farming is expected to accelerate use of plant growth regulators in plant physiological process modification.
• Asia Pacific is expected to witness fastest growth at an estimated CAGR of 9.3% from 2014 to 2020 owing to improving cotton textile industry in the region. Large cotton industry in India and China is expected to result in increased demand for growth regulators in cotton metabolism. Indian government’s recent FDI policies have favored textile industry in the country directly influencing plant growth regulators market.
• Market has low consolidation owing to presence of limited manufacturers globally. Key companies including DuPont, BASF and Bayer CropScience cater to major markets of North America, Europe and Asia Pacific. Concentrated market scenario in Europe and North America indicate high demand, however it is expected that there would be a shift in focus towards the emerging markets of Asia Pacific and Latin America over the next six years.
Request for sample of this research report: http://www.grandviewresearch.com/industry-analysis/plant-growth-regulators-market/request
For the purpose of this study, Grand View Research has segmented the global plant growth regulators market on the basis of product and region:
Plant Growth Regulators Product Outlook (Revenue, USD Million, 2012 - 2020)
• Cytokinins
• Auxins
• Others (Gibberellins and Mepiquat Chloride)
Plant Growth Regulators Regional Outlook (Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Web: www.grandviewresearch.com
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