26-Nov-2020 | Zion Market Research
The global plant growth regulators market research report commercially published by Zion Market Research (ZMR) exhibits comprehensive information about market performance. Analytical research carried out by the market research company concludes that the capitalization of plant growth regulators market has reached the value of around USD 2.53 billion in 2019 and is anticipated to grow at a CAGR of about 6.4% accomplishing value of nearly USD 3.67 billion by 2025.
The major causes behind the speedy erosion of agricultural land are the excessive use of chemical fertilizers, pesticides & insecticides, and intensive agriculture. To conserve the nutritional value and some useful microorganisms in the soil, the researchers and skilled agronomists have been recommending modified organic farming practices, in which biostimulants and seaweed-extracted plant growth regulators (PGRs) would be supplied to the vegetation. The fundamental role of PGRs is to regulate or control growth processes in plants, starting from the leaf formation to the fruit ripening.
The leading companies in the plant growth regulators market not only comprise plant growth regulator manufacturers, but also include retailers, supermarkets, end-users, and irrigation system suppliers & manufacturers. The globally renowned players in the plant growth regulators market have been implementing several business and technological approaches to grab the dominating position and hold significant market share. The important players briefed in this market report are Dow Chemical, BASF, FMC Corporation, Syngenta, Bayer CropScience, Nippon Soda Nufarm, Tata Chemicals, Xinyi Industrial, Valent Biosciences, Arysta LifeScience, ADAMA, WinField Solutions, and Sumitomo Chemical.
Strict Environment Regulations And Norms Based On Pesticides Residue Monitoring Likely To Propel The Market Growth
The global requirement for organic products, particularly seaweed-based PGRs, is expected to rise owing to the stringent regulations set by several environmental agencies. Therefore, to curb soil contamination, chemical products are likely to be replaced with organic products.
For the effectual analytical study, the plant growth regulators market report segments the market based on the product type, function, formulation, crop type, and region. Based on the product type, the market is segmented into auxins, ethylene, cytokinins, and gibberellins. Based on the formulation, the market is divided into solutions, water-soluble & water-dispersible granules, and wettable powders. By function, the market is categorized into plant growth inhibitors and plant growth promoters. Based on the crop type, the market is segregated into pulses & oilseeds, grains & cereals, fruits & vegetables, and turf & ornamentals.
PGR Market Projected To Drive In Developing Economies During The Forecast Period
Developing countries such as Brazil and India are major growers of cotton and fruits & vegetables, respectively. The crop production in these regions enhances the utilization of plant growth regulators for both high-volume and high-value crop segments.
Browse the full “Global Plant Growth Regulators Market by Hormone Type, (Auxin, Abscisic Acid Gibberellin, Ethylene, and Cytokinin), Crop Type (Oil seed & Pulses, Vegetables, Turf & Ornamentals, Fruit, and Cereals & Grains.), Formulation type ( Water Dispersible Solutions, Tablets, Wettable powder, and Soluble Powder), Function wise (Inhibitors and Promoters) Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/plant-growth-regulators-market
The global plant growth regulators market is segmented as follows:
By Crop Type:
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