Global Plant Growth Regulators Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
29 Jun, 2023
The global plant growth regulators market size is expected to grow from $2.69 billion in 2022 to $2.96 billion in 2023 at a compound annual growth rate (CAGR) of 10.21%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every market across the globe. The global plant growth regulators market size is expected to reach $4.23 billion in 2027 at a CAGR of 9.30%.
Global Plant Growth Regulators Market Key Driver
Growing demand for organic farming is projected to boost the plant growth regulators market ahead. Organic farming is the practise of growing crops, animals, and other products without the use of synthetic chemical pesticides, antibiotics, transgenic species, growth hormones, or other chemicals. Plant growth regulators are generally used in organic farming to improve crop quality and yield, stimulate root growth, and increase crop size and productivity, such as grapes and strawberries. These factors improve the demand for plant growth regulators.
Get a sample of the global plant growth regulators market reportGlobal Plant Growth Regulators Market Segments
The global plant growth regulators market is segmented:
1) By Type: Cytokinins, Auxins, Gibberelins, Ethylene, Other Types
2) By Formulation: Water-Dispersible And Water-Soluble Granules, Wettable Powders, Solutions
3) By Application Type: Fruits And Vegetables, Cereals And Grains, Oil Seeds And Pulses, Turf And Ornaments
4) By Geography: The regions covered in the plant growth regulators market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Europe accounts for the largest share in the global plant growth regulators market.
Major Plant Growth Regulators Industry Players
BASF SE, Bayer Crop Science, Corteva Agriscience, Sumitomo Chemical Australia Pty Ltd., Syngenta AG, Valent BioSciences Corporation, NuFarm Ltd, Sumitomo Chemica Co. Ltd, FMC Corporation, The Dow Chemical Company, ADAMA India Private Limited, Nippon Soda Co. Ltd., Arysta LifeScience Corporation, Tata Chemicals Limited, Sichuan Guoguang Agrochemical Co. Ltd, UPL Limited, Redox Industries Ltd, Xinyi (H.K.) Industrial Co. Ltd, WinField Solutions LLC
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Plant Growth Regulators Market Overview
Plant growth regulators refer to chemical substances that completely regulate all aspects of a plant's growth and development, such as increasing branching, reducing shoot growth, increasing return bloom, getting rid of extra fruit, or changing the maturity of the fruit.
Plant Growth Regulators Global Market Report 2023 provides data on the global plant growth regulators market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The plant growth regulators market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.