Plant Growth Regulators Market Trends, Size, Outlook, Analysis and Forecast Report 2023-2030

Plant Growth Regulators Market Overview
Plant growth regulators (PGRs) are substances that are either synthetic or natural and are used to alter the growth and development of plants. The modification spans reproductive growth, branching, flowering, and fruit growth and involves both growth encouragement and inhibition. These substances are used to reduce the internodes and create a smaller, denser plant because they are usually active at low concentrations.

Certain naturally occurring (endogenous) regulators are produced by plants and are known as plant hormones; artificially produced formulations are known as growth regulators. Any portion of the plant, including the stems, roots, and buds, can produce plant hormones, which are then translocated to another part of the plant to elicit a physiological response. Auxin, a crucial hormone for plants, is generated at the tip of the stem and migrates to the underside of the plant.

Plant Growth Regulators Market Size and Growth Analysis
The global Plant Growth Regulators Market is expected to exhibit a CAGR of 9% during the forecast period 2023-2030.

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Plant Growth Regulators Market Dynamics and Trends
Due to their potential influence on plant growth, health, and crop productivity overall, plant growth regulators are commonly used in agricultural activities. PGRs assist in lowering the crop's needs for water and nutrients as well as labor, which lowers costs. PGRs are being used more often by greenhouses and nursery farmers due to their ability to lower input costs and increase output.

The PGRs market eventually turned to horticulture as a new growth path, and the industry is expected to expand as a result of the horticulture sector's rapidly expanding acreage. From 146 million tons in 2002 to 314 million tons in 2019, India's horticultural output has doubled. High-value fruits and vegetables are expected to have higher profit margins due to the usage of plant growth regulators.

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Plant Growth Regulators Market Segmentation Analysis

By Source
By Product Type
By Crop Type
By Form
By Region

Major Companies Covered
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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