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Plant Growth Regulators Market worth $5.41 billion by 2030, growing at a CAGR of 7.13% - Exclusive Report by 360iResearch
Plant Growth Regulators Market | 360iResearch
The Global Plant Growth Regulators Market to grow from USD 3.34 billion in 2023 to USD 5.41 billion by 2030, at a CAGR of 7.13%.
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Plant growth regulators (PGRs) are compounds that manipulate plant growth by boosting branching, limiting shoot growth, increasing return bloom, eliminating surplus fruit, or changing fruit maturity. Plant growth regulators alter a crop's response to internal and external factors that regulate development from germination to vegetative growth, reproductive development, and senescence or aging. The growing preference for sustainable agricultural practices, favorable government initiatives, and the surging need to enlarge crop productivity are driving factors for the plant growth promoters market. However, limited awareness of the products and a stringent approval process may hinder market development. Nevertheless, the escalating use of nano-fertilizers and ongoing research activities for developing advanced plant growth regulators may create lucrative opportunities for the market in the forecast period.
The American plant growth regulators (PGR) market witnessed significant growth prospects owing to the rapid focus on the organic food industry and sustainable farming practices across the region. The presence of major native players in the region and the continuous expansion of innovative product portfolios has created lucrative scope for the market in America. According to the Observatory of Economic Complexity (OEC), the leading exporters of vegetable Products in 2021 were the United States, Brazil, the Netherlands, China, and Canada, expanding the market scope in America. On the other hand, the emerging research studies across the European nation contribute to keeping the industry updated on product requirements and the newest product improvements through continual research on PGRs. Large-scale agricultural activity in countries such as India and China has resulted in well-established market potential in the Asia-Pacific area. Furthermore, favorable government subsidies and initiatives for improved plant productivity and enhancement have broadened the region's market scope. Moreover, countries such as Indonesia, the Philippines, Thailand, and Vietnam are experiencing rapid market growth due to increased awareness of the productivity benefits of PGRs and increased demand for agrochemicals.
Market Segmentation & Coverage:
This research report categorizes the Plant Growth Regulators Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Abscisic acid (ABA), Auxins, Cytokinins, Ethylene, and Gibberellins. The Abscisic acid (ABA) is projected to witness significant market share during forecast period.
Based on Form, market is studied across Solutions, Tablets, Water-dispersible Granules, and Wettable Powders. The Wettable Powders is projected to witness significant market share during forecast period.
Based on Function, market is studied across Plant Growth Inhibitors and Plant Growth Promoters. The Plant Growth Inhibitors is projected to witness significant market share during forecast period.
Based on Crop Type, market is studied across Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, and Turf & Ornamentals. The Cereals & Grains is further studied across Corn, Rice, and Wheat. The Oilseeds & Pulses is further studied across Cotton Seed, Soybean, and Sunflower. The Cereals & Grains is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Plant Growth Regulators Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Plant Growth Regulators Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Plant Growth Regulators Market, highlighting leading vendors and their innovative profiles. These include ADAMA Agricultural Solutions Limited, Arysta LifeScience Corporation, Awiner Biotech, Barclay Chemicals Manufacturing Limited, BASF SE, Bayer AG, BioWorks Inc., Corteva Agriscience, Dhanuka Agritech Limited, Dharmaj Crop Guard Limited, DowDuPont Inc., Eastman Chemical Company, Excel Crop Care Ltd., Fine Americas Inc., FMC Corporation, Gold Biotechnology, Inc., Helena Chemicals Inc, Kalyani Industries Limited., Loveland Products Inc, Merck KGaA, Nippon Soda Co., Ltd., Nufarm Ltd., PBI-Gordon Corporation by PBI-Gordon Companies, Inc., Peptech Biosciences Ltd., PhytoTech Labs, Inc., Platform Specialty Products Corp (Albaugh LLC), PROXIMA BIO-TECH PVT LTD., Redox Industries Limited, SePRO Corporation, Sipcam Agro USA, Inc, Sumitomo Chemical Co., Ltd., Syngenta Crop Protection AG, Tata Chemicals Ltd., United Phosphorus Inc., UPL Europe Ltd., Valent Biosciences LLC, Volkschem Crop Science Pvt. Ltd., Wilbur-Ellis Company, WinField United. by Land O'Lakes, Inc., and Zagro.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Plant Growth Regulators Market, by Type
7. Plant Growth Regulators Market, by Form
8. Plant Growth Regulators Market, by Function
9. Plant Growth Regulators Market, by Crop Type
10. Americas Plant Growth Regulators Market
11. Asia-Pacific Plant Growth Regulators Market
12. Europe, Middle East & Africa Plant Growth Regulators Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Plant Growth Regulators Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Plant Growth Regulators Market?
3. What is the competitive strategic window for opportunities in the Plant Growth Regulators Market?
4. What are the technology trends and regulatory frameworks in the Plant Growth Regulators Market?
5. What is the market share of the leading vendors in the Plant Growth Regulators Market?
6. What modes and strategic moves are considered suitable for entering the Plant Growth Regulators Market?
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