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A recent report published by Infinium Global Research on plant growth regulators market provides in-depth analysis of segments and sub-segments in global as well as regional plant growth regulators market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional plant growth regulators market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global plant growth regulators market. According to the report, the global plant growth regulators market is projected to grow at a CAGR of 6% over the forecast period of 2018-2024.
Plant Growth Regulators is
a natural or synthetic chemical that modifies or controls one or more specific
physiological processes within the plant. Natural regulators are produced by
the plant itself and also synthetic regulators, those are found naturally in
the plants are called plant hormones. As the plant require oxygen, water,
sunlight, and nutrition to develop and grow, it also requires certain chemical
substances such as Plant Growth Regulators for managing the growth and
development of the plant. These are the manmade chemicals applied to the
plants. On the basis of their action, Plant growth regulators are divided into
two groups such as Plant growth promoters (auxins, gibberellin,
and cytokinin) and Plant growth inhibitors (abscisic acid and
ethylene). Plant Growth Regulators has its efficient functioning as a chemical
for intercellular communication.
Plant growth regulators
are used for controlling and enhancing the natural plant growth processes.
Growing global population and, rising consumer preference for organic food
coupled with decreasing agricultural area are the major factors driving the
growth of plant growth regulators market. In addition, growing need to protect
crops and growing investment in agriculture are also boosting the market.
The rise in consumer awareness towards the healthy life is accelerating the
demand for vegetables and fruits. This, in turn, is projected to fuel the
growth of the market over the forecast period. However, Long Approval
Period for New Products is anticipated to hamper the Plant Growth Regulators
Market. Furthermore, growing demand for medical crops, flowers, and seeds
to have a positive impact on the horticulture industry, this, in turn, is
anticipated to provide significant growth opportunities for the market over the
forecast period.
Among the
geographic, Asia-Pacific is a dominant region in plant growth regulators market
followed by Europe. The factors such as a rise in agricultural investment in
developing countries these countries contribute to the increasing demand for
this market in the Asia- Pacific region. In addition, agriculture plays an
important role in the development of the India economy. Decreasing agricultural
land in India coupled with the rise in demand for organic food is also boost
the market in this region. Growing government initiative in agriculture fields
such as the establishment of the National Bank for Agriculture and Rural
Development (NABARD) will boost the market. Growth in Europe is due to high
exports of fruits and vegetables within the region and other regions. This in
turn rise in demand for fruits and vegetables is likely to increase the growth
of plant growth regulators market in order to increase crop yields.
The report on global plant growth regulators market
covers segments such as type, crop type, formulation, and function. On the
basis of type the global plant growth regulators market is categorized
into auxins, cytokinins, gibberellins, abscisic acid, and ethylene. On the basis
of crop type the global plant growth regulators market is categorized into
fruits & vegetables, cereals & grains, turf & ornamentals and
oilseeds & pulses. On the basis of formulation, the global plant growth
regulators market is categorized into water-dispersible & water-soluble granules,
wettable powders, and solutions. On the basis of function, the global
plant growth regulators market is categorized into plant growth promoters and
plant growth inhibitors.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S.
drives the growth in the North America region as it is the largest market in
the region. The Asia-Pacific region offers a substantial potential for the
market growth owing to rapid growth in markets such as India and China. The
APAC region is projected to experience growth at a CAGR of x.x% over the
period of 2018-2024.
The report provides profiles of the companies in the
global plant growth regulators market such as WinField Solutions LLC.,
Tri-DWARF Industrial Co. Ltd., BASF SE, Bayer Crop Science, Sumitomo
Chemical Australia Pty Ltd., NuFarm Ltd., Sichuan Guoguang Agrochemical Co. Ltd, Fine Americas Inc., Chemtura AgroSolutions, Valent BioSciences
Corporation and Hangzhou Tianlong Biotechnology Co. Ltd.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global plant growth regulators market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of plant growth regulators market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the plant growth regulators market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the plant growth regulators market to understand the present and future trends in this market and formulate their strategies accordingly.
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