Plant Growth Regulators Market is Forecasted to Reach US$ 3.58 Billion in 2028, Says Stratview Research

The global plant growth regulators market is projected to witness a growth rate of 7.79% annually from 2023 to 2028, with an anticipated size of US$ 3.58 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global plant growth regulators market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 3.58 billion
Growth (CAGR): 7.79% during 2022-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 3
Number of Tables & Graphs: 100+

Segment Insights on the Plant Growth Regulators Market:
The global Plant Growth Regulators market is segmented based on Product type, Application type, and Region.
Based on product type - The market is segmented as cytokinins, auxins, gibberlins, and ethylene. Cytokinin is estimated to be the largest product type in the market over the forecast period on account of its wide range of applications, making it useful in cell division, delay in senescence, dormancy breaking, and it also being as a growth stimulant.

Based on application type - The market is segmented as fruits & vegetables, cereals & grains, oil seeds & pulses, and turf & ornaments. Fruits & vegetables are estimated to be the fastest-growing application type in the plant growth regulators market during the forecast period. Further, growing population resulting in an increased demand for food and its production is the major factor fueling the segment growth over the forecast period.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/1770/plant-growth-regulators-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

Europe is estimated to account for the major share of the market during the forecast period owing to growing consumer awareness regarding product usage and advantages, and rising disposable incomes in the region. On the other hand, Asia-Pacific is estimated to register the highest growth rate in the market on account of increase in favorable agricultural policies for farmers made by the government and increase in product knowledge among consumers, fueling the regional market growth over the forecast period.

Plant Growth Regulators Market Drivers:
Some of the key drivers listed in the report are given below.
• Increasing investment in the agriculture sector globally And increasing the trend of organic farming.
• Global demand for all types of crops, like cereals, etc. is rising as a result of the rapidly increasing population, and changing consumer lifestyles.
• Due to the growing demand for the use of PGRs in fruit plants, the global trade and production of fruits are expanding.
Top Companies in the Plant Growth Regulators Market:
Stratview Research has identified the following companies as the top market players.
• Adama Agricultural Solutions Ltd.
• Arysta Lifescience Corporation
• BASF SE
• Bayer AG
• DuPont de Nemours, Inc.
• Nippon Soda Co Ltd.
• Nufarm Limited
• Syngenta AG
• Tata Chemicals Ltd.
• Valent Biosciences LLC.
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Plant Growth Regulators Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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This release was published on openPR.