Plant Growth Regulators by Type (Plant Growth Promoters, Plant Growth Inhibitors), by Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)

Plant Growth Regulators Market - Global Industry Analysis and Forecast 2020 to 2027

Plant Growth Regulators Market: Summary

The Global Plant Growth Regulators Market is projected to reach a value of over USD 3.7 billion by 2027 at a CAGR of around 5.7%.

Plant Growth Regulators are chemical substances that are used to modify plant growth such as suppressing shoot growth, increasing branching, removing excess fruits, increasing return bloom, and altering fruit maturity.  They help to save time as well as money by decreasing the frequency of mowing, reducing the need to prune shrubs and trees, and minimizing the effect of certain diseases and pest infections. Various factors affect the plant growth regulator performance that includes how chemicals are absorbed by plants, tree vigor and age, dose, timing, cultivar, and weather conditions before, during, and after application.

Plant Growth Regulators Market Plant Growth Regulators Market: Drivers & restraint

Market Driver:

  • Growing Consumer Shift Towards Organic Foods

Organic food is experiencing notable growth owing to its unique advantages such as chemical & pesticides free, eco-friendly, and very healthier as compared to inorganic food. According to Research Institute of Organic Agriculture (FiBL), as of February 2020, over 71.5 million hectares of farmlands are organic Thus, rising awareness regarding of organic food coupled with an increase in income levels, growth in environmental concerns, and increase in health hazards diseases due to inorganic foods are some of the factors attributing to the consumer shift towards organic food. Thus, consumer shift towards organic foods owing to its health benefits has expected to propel the demand for plant growth regulators during the forecasted period.

Market Restraint:

  • Long Approval Period for New Products                     

Plant growth regulators process for approval of a new product is lengthy as it involves multi-location field trails and residual effect. Owing to the stringent regulatory approval process, the time taken to develop a new crop protection product can be prolonged making it expensive. Moreover, the patent protection of the product further adds the approval time. The regulatory bodies have inadequate resources and infrastructure to execute timely registration of the product.  Sometimes, the rules are not clearly defined, creating interpretation challenges for the regulatory bodies, leading to confusion, thereby adding to the complexities for the crop protection chemical companies. Thus, a longer approval period for a new product has expected to hinder the growth of the plant growth regulators during the forecasted period.   

Plant Growth Regulators Market: Key Segments

  • Segmentation based on Type: Plant Growth Promoters, and Plant Growth Inhibitors.
  • Segmentation based on Crop Type: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Turf & Ornamentals, and Others.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Plant Growth Regulators Market: Report Scope

The report on the plant growth regulators market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2019

Forecasted Period

2020-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million), Volume (Kiloton)

Segments Included

Type, Crop Type, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • BASF SE (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Nufarm Ltd
  • Syngenta AG
  • FMC Corporation
  • Adama Agricultural Solutions UK Ltd
  • Bayer AG
  • NIPPON SODA CO., LTD
  • Corteva
  • Tata Chemicals Ltd.
  • Valent BioSciences LLC
  • Fine Americas, Inc.
  • Sumitomo Chemical Co., Ltd.
  • Redox Industries Limited
  • Xinyi(H.K.) Industrial Co. Ltd.
  • Other Key Companies

Plant Growth Regulators Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Plant Growth Regulators Market, by Type

  • Plant Growth Promoters
  • Auxins
  • Gibberellins
  • Cytokinins
  • Plant Growth Inhibitors
  • Abscisic acid
  • Ethylene

Plant Growth Regulators Market, by Crop Type

  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Turf & Ornamentals
  • Others

Plant Growth Regulators Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Plant Growth Regulators Market Providers
  • Plant Growth Regulators Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Plant Growth Regulators Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE PLANT GROWTH REGULATORS MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Consumer Shift Towards Organic Foods
      2. Evolution in Farming Practices & Technology
    3. Restraint
      1. Long Approval Period for New Products
    4. Opportunities
      1. Rise in Investment in Agricultural Activities in Developing Countries
    5. Challenges
      1. Lack of Awareness Regarding Benefits of Plant Growth Regulators
  1. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  2. GLOBAL PLANT GROWTH REGULATORS MARKET BY TYPE, Market Size in USD Million & Volume in Kiloton (2019-2027)
    1. Introduction
    2. Plant Growth Promoters
      1. Auxins
      2. Gibberellins
      3. Cytokinins
    3. Plant Growth Inhibitors
      1. Abscisic acid
      2. Ethylene
  3. GLOBAL PLANT GROWTH REGULATORS MARKET BY CROP TYPE, Market Size in USD Million & Volume in Kiloton (2019-2027)
    1. Introduction
    2. Cereals & Grains
    3. Oilseeds & Pulses
    4. Fruits & Vegetables
    5. Turf & Ornamentals
    6. Others
  4. GLOBAL PLANT GROWTH REGULATORS MARKET BY REGION, Market Size in USD Million & Volume in Kiloton (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  5. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  6. COMPANY PROFILES
    1. BASF SE
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
    2. Nufarm Ltd
    3. Syngenta AG
    4. FMC Corporation
    5. Adama Agricultural Solutions UK Ltd
    6. Bayer AG
    7. NIPPON SODA CO., LTD
    8. Corteva
    9. Tata Chemicals Ltd.
    10.  Valent BioSciences LLC
    11. Fine Americas, Inc.
    12. Sumitomo Chemical Co., Ltd.
    13. Redox Industries Limited
    14. Xinyi(H.K.) Industrial Co. Ltd.
    15. Other Key Companies
  7. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : AG 039

Published : September, 2020


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