Plant Growth Regulators Market Size, Share & Trends Analysis: Key Insights from Latest Research

Plant Growth Regulators Market by Type (Auxins, Cytokinins, Gibberellins, and Ethylene), Function (Plant Growth Promoters, And Plant Growth Inhibitors), Crop Type (Cereals, Oilseeds Fruits, Turfs), By Formulation (Liquid, Granular, Powder, Tablet) and Region - Global Forecast to 2029
The global plant growth regulators market [https://www.prnewswire.com/news-releases/plant-growth-regulators-market-worth-4-6-billion-by-2029--exclusive-report-by-marketsandmarkets-302123253.html] is projected to grow from USD 3.3 billion in 2024 to USD 4.6 billion by 2029, registering a CAGR of 7.2% during the forecast period. The increasing demand for high-value crops is driving the consumption of natural plant growth regulators in agriculture. Additionally, the shift towards sustainable farming practices and the rising adoption of organic farming are further fueling market expansion. Changing dietary preferences and a growing emphasis on sustainable agriculture are also contributing to the increased use of plant growth regulators. These trends underscore the rising significance and widespread adoption of plant growth regulators in modern agriculture.

Image: https://www.marketsandmarkets.com/Images/plant-growth-regulators-market-Overview.webp

Plant Growth Regulators Market Trends [https://www.globenewswire.com/news-release/2024/05/06/2875566/0/en/Plant-Growth-Regulators-Market-Size-Share-Growth-Analysis-Opportunities-and-Future-Developments.html]

The Plant Growth Regulators (PGR) Market is experiencing notable growth due to increasing demand for sustainable agriculture, advancements in biotechnology, and climate change concerns. Here are some of the latest trends shaping the market:

1. Rising Demand for Bio-Based PGRs

* There is a strong shift toward organic and bio-based plant growth regulators due to consumer preference for eco-friendly and chemical-free products.
* Companies are investing in microbial-based PGRs such as gibberellins and auxins derived from plant and microbial sources.

2. Precision Agriculture and Smart PGR Application

* AI-driven farming and precision agriculture are optimizing PGR use to enhance yield efficiency.
* Drone and sensor-based applications of PGRs are becoming more common to ensure accurate and sustainable usage.

3. Increasing Use of Cytokinins in Horticulture

* The horticulture sector, including fruits, vegetables, and floriculture, is witnessing higher adoption of cytokinins to enhance flowering and fruit sets.
* Post-harvest applications of PGRs are helping in extend the shelf life of fresh produce.

4. Growth in the Organic Farming Sector

* The organic food industry is driving demand for plant-based PGRs as synthetic chemicals face regulatory restrictions.
* Governments worldwide are offering subsidies and incentives for organic farming, fueling PGR adoption.

5. Regulatory Changes Impacting Synthetic PGRs

* Stricter environmental and health regulations in Europe and North America are limiting the use of synthetic PGRs like paclobutrazol and daminozide.
* Manufacturers are reformulating products to comply with sustainable agriculture guidelines.

6. Expansion in Asia-Pacific & Latin America

* Asia-Pacific is seeing rapid growth due to increased agricultural activities in India, China, and Southeast Asia.
* Latin America (especially Brazil and Argentina) is witnessing a surge in demand for PGRs in soybean and corn production.

7. Integration with Biostimulants and Fertilizers

* Companies are launching PGR-fertilizer-biostimulant blends to offer comprehensive crop growth solutions.
* Synergistic products that combine PGRs with biofertilizers and soil enhancers are gaining traction.

8. Innovations in Plant-Based Hormones

* Ongoing research in gene editing (CRISPR) and synthetic biology is leading to advanced PGR formulations.
* Companies are exploring natural hormone mimics that replicate the effects of synthetic regulators.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=94580110

Cytokinins Hold the Largest Market Share by Type

Among various plant growth regulators, cytokinins dominate the market, holding the largest share in the type of segment. Cytokinins play a crucial role in cell division, shoot growth, and overall plant development. They stimulate cell enlargement and differentiation, leading to improved crop yield and quality. These hormones are extensively used in fruit and vegetable production to enhance plant vigor, increase flower and fruit sets, and delay senescence. The growing demand for high-yield crops, coupled with advancements in biotechnology and research, has led to the development of innovative cytokinin formulations, further strengthening their market dominance.

Plant Growth Inhibitors to Register the Highest CAGR

In the function segment, the plant growth inhibitors category is expected to grow at the highest CAGR during the forecast period. Farmers and growers are increasingly recognizing the benefits of plant growth inhibitors in regulating plant growth and development. Compounds such as abscisic acid play a vital role in inducing dormancy and abscission, helping manage excessive growth while enhancing stress tolerance in plants. The growing prevalence of abiotic stressors such as drought, salinity, and extreme temperatures has accelerated the adoption of plant growth inhibitors to mitigate their negative impact on crop yield. Additionally, continuous R&D advancements have resulted in the development of more efficient and cost-effective inhibitors, further driving market expansion.

Asia-Pacific dominates the Plant Growth Regulators Market Share [https://www.marketsandmarketsblog.com/plant-growth-regulators-market-2.html].

The Asia-Pacific region holds the largest market share in the plant growth regulators market, driven by several key factors. The region has a highly significant agricultural industry, accounting for a substantial share of global agricultural output. With rising food demand due to population growth and changing dietary preferences, countries in Asia-Pacific are increasingly adopting plant growth regulators to enhance productivity. Furthermore, rapid technological advancements and the adoption of modern agricultural practices-including precision farming-are further boosting market growth. Supportive government initiatives, agricultural investments, and favorable policies are also playing a crucial role in the expansion of the plant growth regulator market in this region.

Leading Plant Growth Regulators Companies [https://www.marketsandmarkets.com/ResearchInsight/plant-growth-regulators-market.asp]:

* BASF SE (Germany)
* Corteva Agriscience (US)
* Syngenta Group (Switzerland)
* FMC Corporation (US)
* Nufarm (Australia)
* Bayer AG (Germany)
* Tata Chemicals Ltd. (India)
* UPL (India)
* Sumitomo Chemical Co. Ltd. (Japan)
* Nippon Soda Co. Ltd. (Japan)

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=94580110

BASF SE (Germany)

BASF SE Group operates globally with 234 production sites, including six Verbund sites, and relies on approximately 112,000 employees worldwide. Its operations encompass diverse segments such as chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. Offering a wide array of system solutions and services, BASF SE caters to industries ranging from chemicals, automotive, and building to agriculture, oil, plastics, electrical, electronics, furniture, and paper. Within its Agricultural Solutions division, BASF SE specializes in providing plant growth regulators. These products target the hormonal system of plants, adjusting the proportions of various plant hormones to facilitate advantageous growth. With a focus on enhancing crop health and yield, BASF SE's plant growth regulators business segment is involved in researching, developing, manufacturing, and marketing these products.

Corteva Agriscience (US)

Originally part of DowDuPont, Corteva Agriscience emerged as an independent entity following its spinoff, drawing from the esteemed legacies of Dow, DuPont, and Pioneer. Established in 2019, Corteva operates globally, spanning over 140 countries across North America, Latin America, Europe, Australia, Africa, and Asia Pacific. With a core commitment to agriculture and food provision, Corteva specializes in two primary product segments: seeds and crop protection. Its Seed division focuses on developing and delivering advanced germplasm and traits to enhance farm yields, while the Crop Protection segment addresses agricultural challenges by offering weed, insect, pest, and disease control solutions. Among its crop protection offerings are plant growth regulators, herbicides, and insecticides. Additionally, Corteva provides digital service solutions to support farmers in optimizing their agricultural practices.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=94580110

About MarketsandMarkets Trademark

MarketsandMarkets Trademark has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore Trademark , which integrates research and provides ecosystem-wide visibility into revenue shifts.

In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipelines and win more deals with precision.

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=plant-growth-regulators-market-size-share-trends-analysis-key-insights-from-latest-research]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/plant-growth-regulators-market-94580110.html

Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com



This release was published on openPR.