REDDING,
Calif., May 7, 2024 /PRNewswire/ -- According
to a new market research report titled, 'Plant Growth
Regulators Market by Type (Cytokinins, Auxins, Gibberellins,
Ethylene, Abscisic Acid), Formulation (Wettable Powders,
Solutions), Function (Promoters, Inhibitors), Crop Type (Cereals
& Grains, Fruits & Vegetables)—Global Forecast to
2030,' in terms of value, the plant growth regulators market is
expected to reach $5.41 billion by
2031, at a CAGR of 9.0% from 2024 to 2031, while in terms of
volume, the market is expected to reach 126,145.1 tons by 2031, at
a CAGR of 6.6% from 2024 to 2031.
Download Sample Report-
https://www.meticulousresearch.com/download-sample-report/cp_id=5687
Plant growth regulators (PGRs) are natural or synthetic
chemicals used to modify plant growth, such as increasing
branching, suppressing shoot growth, increasing return bloom,
removing excess fruit, or altering fruit maturity. In agriculture
and horticulture, plant growth regulators are frequently used to
manipulate plant growth and development for various purposes.
Farmers and gardeners use them to control the height and branching
of crops, induce flowering, delay fruit ripening, and improve
overall crop yield and quality.
The growth of this market can be attributed to several factors,
including the increasing need for sustainable agricultural
practices, growth in organic farming & the rising demand for
organic food, increased investments from leading market players,
and the rising demand for high-value crops. Moreover, emerging
countries with agricultural diversity and extensive arable lands
are expected to offer growth opportunities for the players
operating in this market.
However, the regulatory and financial hurdles for new market
entrants and farmers' limited awareness about plant growth
regulators are restraining the growth of this market. Additionally,
lengthy product registration and approval procedures are a major
challenge impacting market growth.
Key Players:
The key companies operating in the plant growth regulators
market include BASF SE (Germany),
Corteva, Inc. (U.S.), Syngenta AG (A Part of China National
Chemical Corporation/ChemChina) (Switzerland), FMC Corporation (U.S.), Nufarm
Limited (Australia), Bayer AG
(Germany), UPL Limited
(India), Sumitomo Chemical Co.,
Ltd. (Japan), Tata Chemicals Ltd.
(India), Nippon Soda Co., Ltd.
(Japan), Barclay Chemicals
Manufacturing Limited (Ireland),
Fine Americas Inc. (U.S.), Hangzhou Tianlong Biotechnology Co.,
Ltd. (China), Sichuan Guoguang
Agrochemical Co., Ltd. (China),
and Sikko Industries Limited (India).
The plant growth regulators market study presents
historical market data in terms of value & volume (2022 and
2023), estimated current data (2024), and forecasts for 2031. This
market is segmented by type, formulation, function, crop type, and
country.
Get a Glimpse Inside: Request Sample Pages-
https://www.meticulousresearch.com/request-sample-report/cp_id=5687
Key Findings in the Plant Growth Regulators Market
Study:
Based on type, the plant growth regulators market is
segmented into cytokinins, auxins, gibberellins, ethylene, abscisic
acid, and other types. The cytokinins segment is expected
to account for the largest share of 40% of plant growth
regulators market in 2024. The segment's large share is mainly
attributed to the numerous advantages offered by cytokinins in
enhancing and controlling various aspects of plant development and
growth, including shoot and root growth, cell division, senescence,
apical dominance, biotic stress response, differentiation, and
fruit and seed development. The extensive application of cytokinins
in mature plants to support growth and aid in the recovery of
wounded plant parts contributes to its increased demand.
However, the gibberellins segment is projected to witness the
highest growth rate of more than 11% during the forecast
period of 2024–2031. This growth is driven by the increasing demand
for high-quality crops and the need for improved agricultural
practices. Furthermore, farmers' increasing preference for the
usage of gibberellins, due to their potential to promote plant
development under uncontrollable and unprecedented atmospheric
conditions, is expected to boost the gibberellins market growth
significantly in the next few years.
Based on formulation, the plant growth regulators market
is segmented into water-dispersible & water-soluble granules,
solutions, and wettable powders. The water-dispersible &
water-soluble granules segment is expected to account for the
largest share of 51% of the plant growth
regulators market in 2024. The segment's large share is mainly
attributed to the numerous advantages offered by water-dispersible
& water-soluble granules, including ease of handling and
mixing, rapid dissolution, minimal dust generation, improved
stability, and longer shelf life when compared to certain liquid
alternatives.
Based on function, the plant growth regulators market is
segmented into plant growth promoters and plant growth inhibitors.
The plant growth promoters segment is expected to account for
the larger share of the plant growth regulators market in
2024. The segment's large share is mainly attributed to the rising
concerns about soil erosion and the growing practice of organic
farming across the globe. Plant growth promoters enhance various
aspects of plant growth, including cell division, cell enlargement,
flowering, nutrient uptake improvement, and seed formation, all of
which contribute to improved crop quality and productivity.
Based on crop type, the plant growth regulators market is
segmented into cereals & grains, fruits & vegetables,
oilseeds & pulses, turf & ornamentals, and other crops.
The cereals & grains segment is expected to account
for the largest share of 32% of the plant growth
regulators market in 2024. The segment's large share is mainly
attributed to the growing need to increase cereal & grain
production, the need to minimize the risk of lodging in cereals
& grains, and the rising production of cereals in Asian
countries like India and
China. These countries have
witnessed significant advancements in crop production practices and
have access to high-yield cereal varieties. Furthermore,
governments worldwide actively support cereals & grains
production due to the critical role these crops play in ensuring
food security. Government policies and subsidies often promote the
use of modern agricultural practices, including the application of
plant growth regulators.
However, the fruits & vegetables segment is projected to
witness the highest growth rate during the forecast period of
2024–2031. This growth is driven by the increase in fruit and
vegetable production globally, the rising demand for chemical-free
organic fruits and vegetables, and the increasing application of
plant growth regulators in fruit and vegetable crops. Furthermore,
plant growth regulators are used in the cultivation of fruits and
vegetables to regulate ripening and extend post-harvest shelf life.
They extend harvesting periods by delaying the natural ripening
process, allowing for more productive harvesting cycles.
Based on geography, in 2024, Europe is expected to account for the largest
share of 38% of the plant growth regulators market.
Europe plant growth regulators market is estimated to be worth
USD 1.14 billion in 2024. The
large share of this region is attributed to the region's rising
population, decreasing arable land, rising need for enhanced crop
productivity, advances in farming practices and technology, and
increasing government initiatives to boost organic farming.
However, the Asia-Pacific plant
growth regulators market is slated to register the highest CAGR of
more than 12% during the forecast period. The growth of
this regional market is driven by factors such as the region's
significant agricultural lands, rapid population growth, increasing
demand for improved agricultural productivity and yields, and the
rising preference for high-quality agricultural products and
organic produce. These factors are anticipated to drive the
utilization of plant growth regulators in countries across
Asia-Pacific, with notable
emphasis on China and India.
Have Specific Research Needs? Request a Customized
Report-
https://www.meticulousresearch.com/request-customization/cp_id=5687
Scope of the Report:
Plant Growth Regulators Market Assessment—by
Type
- Cytokinins
- Auxins
- Gibberellins
- Ethylene
- Abscisic Acid
- Other Types
Plant Growth Regulators Market Assessment—by
Formulation
- Water-dispersible & Water-soluble Granules
- Solutions
- Wettable Powders
Plant Growth Regulators Market Assessment—by
Function
- Plant Growth Promoters
- Plant Growth Inhibitors
Plant Growth Regulators Market Assessment—by
Crop Type
- Cereals & Grains
- Maize/Corn
- Wheat
- Rice
- Other Cereals & Grains
- Fruits & Vegetables
- Oilseeds & Pulses
- Turf & Ornamentals
- Other Crops
Plant Growth Regulators Market Assessment—by
Geography
- Europe
- France
- Germany
- U.K.
- Italy
- Spain
- Rest of Europe (RoE)
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
(RoAPAC)
- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
(RoLATAM)
- Middle East & Africa
Unlock Opportunities: Buy Now-
https://www.meticulousresearch.com/Checkout/88461701
Related Reports:
Crop Protection Chemicals Market by Type (Synthetic
[Insecticides, Herbicides, Fungicides], Biological), Formulation
(Solid, Liquid), Mode of Application (Seed Treatment, Soil
Treatment), Crop Type - Global Forecast to 2030
Agricultural Micronutrients Market by Type (Zinc, Iron, Copper,
Molybdenum), Crop Type (Cereals & Grains, Fruits &
Vegetables), Form (Non-chelated, Chelated), Mode of Application
(Soil, Foliar, Fertigation, Seed Treatment) - Global Forecast to
2030
Controlled Release Fertilizers Market by Type (Slow-release
Fertilizers, Nitrogen Stabilizers, Coated & Encapsulated
Fertilizers), End Use (Agriculture, Non-agriculture), and Mode of
Application (Fertigation, Foliar, Soil) - Global Forecast to
2030
Biofertilizers Market by Microorganism Type (Nitrogen-fixing
Microbes {Rhizobia Bacteria}, Phosphate Solubilizing Microbes),
Crop Type (Cereals & Grains, Oilseeds & Pulses), Mode of
Application (Seed Treatment, Fertigation), Form - Global Forecast
to 2029
Seed Coating Market by Type (Polymers, Colorants,
Minerals/Pumice), Active Ingredients Type (Protectants, Nutrients,
Phytoactive Promoters), Crop Type (Cereals and Grains, Oilseeds and
Pulses, Vegetables, Flowers and Ornamentals) - Global Forecast to
2030
Seed Treatment Market by Type (Chemical, Biological),
Formulation (Liquid, Dry), Application Technique (Seed Coating,
Seed Dressing), Crop Type (Cereals & Grains, Oilseeds),
Function (Seed Protection, Seed Enhancement) - Global Forecast to
2029
Agricultural Biologicals Market by Product Type (Biopesticides,
Biostimulants, Biofertilizers) Source (Microbial, Biochemical),
Formulation (Liquid), Mode of Application (Seed Treatment), Crop
Type (Fruits & Vegetables), and Geography - Global Forecast to
2029
Biological Seed Treatment Market by Type (Microbial {Bacteria},
Biochemical), Formulation (Liquid Formulation), Application
Techniques (Seed Coating), Crop Type (Cereals & Grains {Corn,
Wheat}, Oilseeds {Cotton}), and Geography - Global Forecast to
2029
Insect Fertilizers Market by Insect Type (Black Soldier Flies,
Mealworms, Crickets, Buffalo Worms, Grasshoppers, Ants, Silkworms,
Cicadas), Application (Fruits & Vegetables), and Geography -
Global Forecast to 2029
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as
Meticulous Market Research Pvt. Ltd. in 2013 as a private limited
company under the Companies Act, 1956. Since its incorporation, the
company has become the leading provider of premium market
intelligence in North America,
Europe, Asia-Pacific, Latin
America, and the Middle
East & Africa.
The name of our company defines our services, strengths, and
values. Since the inception, we have only thrived to research,
analyze, and present the critical market data with great attention
to details. With the meticulous primary and secondary research
techniques, we have built strong capabilities in data collection,
interpretation, and analysis of data including qualitative and
quantitative research with the finest team of analysts. We design
our meticulously analyzed intelligent and value-driven syndicate
market research reports, custom studies, quick turnaround research,
and consulting solutions to address business challenges of
sustainable growth.
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn-
https://www.linkedin.com/company/meticulous-research
Content Source:
https://www.meticulousresearch.com/pressrelease/921/plant-growth-regulators-market-2031
Logo:
https://mma.prnewswire.com/media/1757980/Meticulous_Research_Logo_1.jpg
View original
content:https://www.prnewswire.com/news-releases/plant-growth-regulators-market-to-reach-5-41-billion-by-2031---exclusive-report-by-meticulous-research-302138193.html
SOURCE Meticulous Market Research Pvt. Ltd.