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Plant Growth Regulators - Market Size, Growth Forecast 2020 to 2025

Latest updates on Plant Growth Regulators market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

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.

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

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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.

Plant Growth Regulators - Market Size, Growth Forecast 2020 to 2025
Plant Growth Regulators - Market Size, Growth Forecast 2020 to 2025

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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.

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.

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.

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.

Plant Growth Regulators research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:

Plant growth regulators market, product by application

o Cytokinins

Fruits & vegetables

Cereals & grains

Oil seeds & pulses

Turf & ornaments

o Auxins

Fruits & vegetables

Cereals & grains

Oil seeds & pulses

Turf & ornaments

o Gibberlins

Fruits & vegetables

Cereals & grains

Oil seeds & pulses

Turf & ornaments

o Ethylene

Fruits & vegetables

Cereals & grains

Oil seeds & pulses

Turf & ornaments

o Other

Fruits & vegetables

Cereals & grains

Oil seeds & pulses

Turf & ornaments

Plant growth regulators market by application

o Fruits & vegetables

o Cereals & grains

o Oil seeds & pulses

o Turf & ornaments

Major Highlights from Table of contents are listed below for quick lookup into Plant Growth Regulators Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Plant Growth Regulators Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Plant Growth Regulators Market Statistical model and forecast
  • Industry insights and validation
  • Plant Growth Regulators Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Plant Growth Regulators industry 360º synopsis - 2025
  • Plant Growth Regulators Business trends
  • Region trends

Chapter 5. Plant Growth Regulators industry Insights

  • Plant Growth Regulators Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Plant Growth Regulators Market Growth potential analysis

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