The global plant growth regulators market size is expected to worth around US$ 5.4 billion by 2026 and growing at noteworthy CAGR around 4.2 % from period 2019 to 2026.
Plant growth regulators are chemical compounds that influence and at very low concentrations the physiological processes of plants. The plant itself produces natural regulators, those naturally found in plant plants are called phytohormones or plant hormones, and various companies synthetically develop certain plant growth regulators. The market of plant growth regulators is divided into the hormonal type, function, formulation, crop type and channel of distribution.
The report provides analysis of global Plant Growth Regulators market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Increasing demand for organically produced goods will boost demand in the next few years for plant growth regulators. The global market for organic fruits and vegetables in 2016 reached USD 33.27 billion, with a CAGR of 14.7% estimated at USD 114.0 billion in 2020. In turn, this will probably offer extensive business growth opportunities.
Sprinkling the product on a variety of floral concentrations of tomato, eggplant, pepper, pepper, melon, and pumpkin promotes the growth and production of fruit. In addition, the sugarcane yield is also increased by increasing both the cell length and the cell dividing rate which therefore leads to higher sugar yield.
Demand for regulators for plants growth is growing because of their ability to decrease lodging, control the heights of the fire and stimulate the flow of latex from rubber plants. These factors trigger plant growth and make the process faster than traditional fertilisers, which will have a positive effect on market growth in the years to come.
The structure of the market's value chain is heavily influenced by economic and environmental factors, product nature, upstream raw material deliveries and downstream structure. The final products are distributed online and physically throughout the globe. Moreover, the leading pharmaceutical companies invest heavily in plant products research and development to address the growing demand for herbal medicinal products. The manufacturers develop disease-specific, customized plant growth regulators through the development of biotechnology and pharmaceuticals progress. The introduction of edible vaccines is projected to boost fruit and vegetable demand that will further crush demand for regulators for plant growth.
Strict regulatory rules on the use of regulators for plant growth are a restricting factor that impedes the growth of global market regulators for plant growth. This is due to various side effects, allergic reactions and various other health problems associated with food consumption administered by regulatory authorities for plant growth.
Cytokinines are plant hormons that regulate various plant growth and developmental dimensions, including spring and root development, division and distinction of cells, delay of senescence and development of fruit and seeds. It slows down the process of natural aging leading to plant death. It is also used to fix the part of the plant that has been wounded.
Moderate growth of Auxins is expected in the coming years. It is used for the control of growth in plant cells as rooting hormones. Auxins are used mainly in the cultivation and spread of tissue. Furthermore, in combination with cytokinins, they are the most effective for elite effects.
Gibberellins and mepiquate chloride are other products. Gibberellin is used to increase the yield of sugarcane, the malting of barley, the production of fruit and seed. Due to the high demand for beer the brewing industry has experienced significant global growth. It is projected that this trend will maintain high gibberelline demand and contribute to the growth of the other segment.
North America, which in 2016 was worth 17.44 billion USD, was the largest market for organic fruit and vegetables. Bio-food sales in 2016 were estimated at over USD 40 billion according to a report by the Organic Trade Association. This represents approximately 5.0 percent of the country's total food sales. The growing demand for organic food is expected to boost product demand in the region.
The global plant growth regulators market accounted for 13.7% in Asia and the Pacific during the same year. India's agriculture has declined by 30,000 hectares annually. Continuous decrease in farmland has become a cause for concern as the population has increased. The decrease is primarily attributable to non-farm use of cultivable land. During the forecast period, the decreasing area under cultivation is expected to increase demand for the product.
In Europe, both regionally and other regions, high fruit and vegetable exports occur. In 2015, the regional internal trade flow represented USD 39.9 billion, while external trade represented around USD 5.6 billion. The use of plant growth regulators to increase agricultural output is likely to be increased by high fruit and vegetable demands across the region and unfavorable climatic conditions in different economies.
Global Plant Growth Regulators Market, By Hormone Type
Global Plant Growth Regulators Market, By Function
Global Plant Growth Regulators Market, By Crop Type
Global Plant Growth Regulators Market, By Formulation
Global Plant Growth Regulators Market, By Geography
The market research study on “Plant Growth Regulators Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Plant Growth Regulators market segments with market dynamics and their impact. The report also covers basic technology development policies.
The report provides an analysis of the latest industry trends from 2015 to 2026 in all sub-segment segments and forecasts revenue and volume growth on the global, the regional and country levels. ARC has divided the global market report of medical oxygen concentrations on product, application, technology and region for this study.
Key Players & Strategies
CropScience Australasia Pty, BASF SE, Redox Industries Limited., DuPont, Sichuan Guoguang Agrochemical Co. Ltd, NuFarm Ltd., and Xinyi(H.K.) Ltd is some of the leading market companies.
These players operate their businesses via a global and manufacturing network mainly located in Europe and Asia-Pacific. The leading market actors for DuPont, BASF SE, and Bayer Ag are based on their global presence, revenue, and the number of employees.