+1-888-308-5802     
News Contact Us

Plant Growth Regulators Market Size, Analysis, Growth, Trends, and Forecast to 2025

Author : Ravi Chawat | Published Date : 2021-07-16 

Global Plant Growth Regulators Market is forecast to exceed USD 9.7 billion; according to a new research report.

Global plant growth regulators (PGR) market is anticipated to be majorly driven by the rapidly increasing product demand in Asia Pacific. This can be attributed to the growing awareness about PGR and increasing expenditure on product marketing by manufacturers in the region. Diet pattern of population in this region is gradually changing and the focus has been considerably shifted over food quality and quantity. This has escalated demand for enhanced crop productivity, in the region and thus propelling plant growth regulators demand in past few years. Moreover, farmers in Asia Pacific have begun using plant growth regulators for achieving quick and early yield to maximize market profits while protecting crop from cold and diseases at the same time.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/1962

Strong foothold of fertilizers in the agriculture is likely to hamper the product demand over the forecast period. In addition, stringent regulations regarding the usage of pesticides is anticipated to restrict plant growth regulators demand to some extent.

Cytokinins will create a major chunk of demand in plant growth regulators market over the forecast timespan. Growing acceptance for genetically modified seeds and crops in nations including Brazil, India, Sri Lanka, Indonesia will be fueling the global cytokinins demand. Cytokinins are generally used in seed germination and plant cell division. Gibberlins is another major product segment which will experience a healthy CAGR in near future. This can be attributed to its applications in wide range of crops for stem elongation, dormancy breaking and other crucial plant growth processes.

Cereals & grains application segment will create a significant product demand over the next few years. Cereals and grains are major part of the human diet from thousand years. According to the world bank reports cereals production in 2000 was 2.053 billion metric tons and reached 2.849 billion metric tons in 2015. This exponential production and growth in cereals production is likely to boost the product demand in near future. Oil seeds and pulses shall create a major chunk of PGR market over the forecast period, due to rising demand for oil seeds and pulses in nations including India, China, Taiwan, Thailand and Indonesia.

Get Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/plant-growth-regulators-market

Asia Pacific PGR market shall expand with highest CAGR over the forecast period. This can be attributed to the countries in Asia Pacific spending more than before on agriculture sector, which is due to growing food demand across the region. For instance, the Agricultural Development Bank of China sanctioned a loan of nearly USD 450 billion for the betterment and improvement of Chinese Agriculture industry by 2020. As a result, the farmers in the nation are willing to adopt crop production chemicals such as plant growth regulators to enhance the overall output of major farm products such as grains, cotton, tobacco, fruits, etc. in China. The burgeoning population of Asia Pacific is coercing with the demand for improved food crops at reduced price, which is likely to boost the plant growth regulators and bio-based stimulators demand in the region during the forecast timeframe.

Many giant players are working in the PGR market. Some prominent players include Syngenta AG, BASF SE, DowDuPont, Nippon Soda Co., Bayer AG, Nufarm Limited, Ltd., Tata Chemicals Ltd, Valent Biosciences LLC, Adama Agricultural Solutions Ltd and Arysta Lifescince. Vendors operating in the plant growth regulators market are engaged in mergers & acquisitions for grabbing larger chunk of customer base. For instance, in June 2018, Bayer completed the acquisition of Monsanto shares in the U.S. This acquisition will increase Bayer's product and customer base in agriculture market in the country.

Browse More News:

https://www.globenewswire.com/en/news-release/2019/09/18/1917183/0/en/Active-Calcium-Silicate-Market-to-attain-more-than-8-CAGR-to-2024-Global-Market-Insights-Inc.html

https://www.openpr.com/news/2033815/what-s-driving-the-hydrazine-hydrate-market-trends-key-company

https://www.openpr.com/news/2009399/dimethyl-carbonate-market-2020-2024-akzo-nobel-n-v-ube

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

Related News

U.S Aluminum Pigments Market size to exhibit appreciable growth through 2025

Published Date: 2021-07-31         Author: Ravi Chawat

DecResearch has recently published a study titled ‘global Aluminum Pigments Market research report’. In this report, analysts have provided a detailed evaluation of the global Aluminum Pigments Market. The report is inclusive of a completely comprehensive study of the Aluminum Pigments M... Read More

U.S Nitrogen Trifluoride Market to exhibit appreciable growth through 2025

Published Date: 2021-07-30         Author: Ravi Chawat

DecResearch has recently published a study titled ‘global Nitrogen trifluoride market research report’. In this report, analysts have provided a detailed evaluation of the global Nitrogen trifluoride market. The report is inclusive of a completely comprehensive study of the Nitrogen trif... Read More

U.S Fermentation Defoamer Market to record strong gains through 2025

Published Date: 2021-07-30         Author: Ravi Chawat

DecResearch has recently published a study titled ‘global Fermentation defoamer market research report’. In this report, analysts have provided a detailed evaluation of the global Fermentation defoamer market. The report is inclusive of a completely comprehensive study of the Fermentatio... Read More

© 2021 Fractovia. All Rights Reserved