A growth regulator, plant growth regulator, or PGR, is a natural or synthetic chemical that is sprayed or otherwise applied to a seed or plant in order to alter its characteristics. They are sometimes referred to as plant hormones. Growers can add PGRs to their crops in order to achieve a desirable goal, ranging from increasing insect and disease resistance to increasing root strength. Some PGRs also are used to stunt growth.
Analysis of Global Plant Growth Regulators Market report:
Global Plant Growth Regulators Market is expected to rise from its initial estimated value of USD 5.32 billion in 2018 to an estimated value of USD 9.15 billion by 2026 registering a CAGR of 7.0% in the forecast period of 2019-2026. This rise in the market can be attributed to the growing awareness towards the green technology and high demand of the organic foods.
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- Growing awareness towards the green technology
- Government initiatives towards the plantation
- Demand of the organic food by consumers
- Stringent regulation of government for the approval of products
- High cost of the organic foods
Leading Key players profiled in this report are:
Some of the major market competitors currently working in the plant growth regulators market are BASF SE, The Dow Chemical Company, Syngenta, FMC Corporation, Nufarm Limited, Bayer AG, NIPPON SODA CO., LTD, Tata Chemicals Ltd., Valent BioSciences LLC, Xiny(H.K.) Industrial Co., Ltd, ADAMA India Private Limited, Arysta LifeScience Corporation, Sumitomo Chemical Co., Ltd., WinField Solutions, LLC, Redox Industries Limited, Sichuan Guoguang agrochemical co.,ltd, Excel Crop Care Ltd. and Fine Americas, Inc and others.
Global Plant Growth Regulators Market Segmentation:
- Abscisic Acid
- Growth Retardants
- Growth Inhibitors
- Water-Dispersible & Water-Soluble Granules
- Wettable Powders
- Growth Stimulators
By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Cotton Seed
- Fruits & Vegetables
- Turf & Ornamentals
- North America
- South America
The global plant growth regulators market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of plant growth regulators market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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The Global Plant Growth Regulators Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Plant Growth Regulators Market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
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