Global Plant Growth Regulators Market: Key Highlights
Global Plant Growth Regulators Market: Key Market Dynamics
Request Sample PDF Here: https://www.forencisresearch.com/plant-growth-regulators-market-sample-pdf/
Global Plant Growth Regulators Market: Regional Overview
North America is expected to dominate the plant growth regulator market during the forecast period. Increasing demand for bio-based products, well-established healthcare sector, increasing agriculture expenditure, and favoraing funding & reimbursement policies are some of the factors boosting the market growth in the region. According to the United States Department of Agriculture (USDA), the 2018 Farm Act, creates permanent funding status and provided nearly USD 400 million for USDA's extramural grant program, the Organic Agriculture Research and Extension Initiative (OREI).
Europe is anticipated to be the fastest-growing region in the plant growth regulators market during the forecasted period due to the growing inclination towards organic farming. According to Eurostats, the total land under organic farming in the EU continues to increase, and in 2018 covered 13.4 million hectares of organic land. Additionally, Austria, Estonia, and Sweden are countries holding the largest organic farming share. Moreover, consumer awareness about organic food and the government’s favorable agriculture policies for agriculture practitioners and farmers are some other factors propelling the demand for the product in the region.
Global Plant Growth Regulators Market: Key Players Overview
BASF SE is a German-based one of the leading chemical producers across the globe. The company operates in six business segments including, chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agriculture solution. BASF SE generated sales of around USD 69.8 billion in 2019. In April 2020, the company launched Attraxor, a new plant growth regulator with the powerful active Prohexadione calcium features. This product launch will help BASF SE to expand its product portfolio in the amenity market.
Nufarm Ltd is an Australia-based, one of the leading manufacturers and developers of seeds and crop protection solutions. The company predominantly operates through the following business lines, seed technologies, and crop protection. Nufarm Ltd has a strong manufacturing and distribution network in more than 30 countries across the globe. In November 2019, the company launched a bacteriostatic growth regulator in Brazil, this product launch will help to increase the productivity of crops in the country.
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of market research reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets.
Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. We strive to help our clients to foray into uncharted space to attain increased revenue growth for the present as well as the future.
Phone:+1 (720) 306 9020