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Plant Growth Regulators Market Blooms, Envisioned to Reach $4.89 Billion by 2030

03-21-2024 02:27 PM CET | Food & Beverage

Press release from: Meticulous Research®

'Plant Growth Regulators Market by Type (Cytokinins, Auxins, Gibberellins, Ethylene, Abscisic Acid), Formulation (Wettable Powders, Solutions), Function (Promoters, Inhibitors), Crop Type (Cereals & Grains, Fruits & Vegetables) - Global Forecast to 2030.'

The plant growth regulators market is expected to reach $4.89 billion by 2030, at a CAGR of 8.9% from 2023 to 2030. The growth of this market can be attributed to several factors, including the increasing need for sustainable agricultural practices, a rise in the adoption of organic farming methods, the growing demand for organic food products, increased investments in the agriculture sector, and the high demand for high-value crops. Moreover, emerging countries with agricultural diversity and extensive arable land offer significant growth opportunities for market players.

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However, regulatory and financial hurdles for new market entrants and limited awareness among farmers about plant growth regulators restrain the growth of this market. Additionally, lengthy product registration and approval procedures pose a major challenge to market growth.

Key Players
The key players operating in the plant growth regulators market include BASF SE (Germany), Corteva, Inc. (U.S.), Syngenta AG (A Part of China National Chemical Corporation/Chemchina) (Switzerland), FMC Corporation (U.S.), Nufarm Limited (Australia), Bayer AG (Germany), UPL Limited (India), Sumitomo Chemical Co., Ltd. (Japan), Tata Chemicals Ltd. (India), Nippon Soda Co., Ltd. (Japan), Barclay Chemicals Manufacturing Limited (Ireland), Fine Americas Inc. (U.S.), Hangzhou Tianlong Biotechnology Co., Ltd. (China), Sichuan Guoguang Agrochemical Co., Ltd. (China), and Sikko Industries Limited (India).

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The plant growth regulators market study presents historical market data in terms of value & volume (2021 and 2022), estimated current data (2023), and forecasts for 2030. This market is segmented by type, formulation, function, crop type, and geography.

Scope of the Report:
Plant Growth Regulators Market Assessment, by Type
• Cytokinins
• Auxins
• Gibberellins
• Ethylene
• Abscisic Acid
• Other Types
Plant Growth Regulators Market Assessment, by Formulation
• Water-dispersible & Water-soluble Granules
• Wettable Powders
• Solutions
Plant Growth Regulators Market Assessment, by Function
• Plant Growth Promoters
• Plant Growth Inhibitors

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Plant Growth Regulators Market Assessment, by Crop Type
• Cereals & Grains
o Maize/Corn
o Wheat
o Rice
o Other Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Turf & Ornamentals
• Other Crops
Plant Growth Regulators Market Assessment, by Geography
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Rest of Europe (RoE)
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific (RoAPAC)
• Latin America
o Brazil
o Mexico
o Argentina
o Rest of Latin America (RoLATAM)
• Middle East & Africa

𝐇𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐫𝐲 𝐀𝐒𝐊 𝐄𝐗𝐏𝐄𝐑𝐓 :
https://www.meticulousresearch.com/speak-to-analyst/cp_id=5687

Key Questions Answered in the Report:
• Which are the high-growth market segments in terms of type, formulation, function, crop type, and geography?
• What is the historical market size for plant growth regulators across the globe?
• What are the market forecasts and estimates for the period 2023-2030?
• What are the major drivers, restraints, opportunities, and challenges in the plant growth regulators market?
• Who are the major players in the market, and what are their market shares?
• Who are the major players in various countries, and what are their market shares?
• How is the competitive landscape for the plant growth regulators market?
• What are the different strategies adopted by the major players in the plant growth regulators market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the plant growth regulators market, and how do they compete with other players?

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5687

ContactUs:
MeticulousResearch®
Email- sales@meticulousresearch.com
ContactSales-+1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.

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