Plant Growth Regulators Market
Plant Growth Regulators Market- Global Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2017-2027, Segmented By Product Type (Cytokinins, Auxins, Gibberellins, Ethylene, Abscisic acid, Vitamins, and Others); By Crop Type (Fruits and vegetables, Turf and ornamentals, Cereals & grains [Wheat, Rice, Corn, and Others], Oilseeds & Pulses [Cotton seed, Soya bean, Sunflower, and Others], and Others); By Formulations (Water-Dispersible & Water Soluble, Wettable Powders, and Solutions); By Function (Plant Growth Promoters and Plant Growth Inhibitors); By Region (North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa)
- Published Date: November 2021
- Report ID: BWC21168
- Available Format: PDF
- Page: 206
Report Overview
The demand for organically produced commodities is driving high demand for plant growth regulators. Organic food is one of the fastest-growing markets, and plant growth regulators are finding a strong market there as well. Furthermore, the global plant growth regulator market is growing due to increased investment in agricultural operations in developing countries during the forecast period.
Global Plant Growth Regulators Market- Industry Trends & Forecast Report 2027
The global plant growth regulators market was worth USD 6.4 billion in 2020 and is further projected to reach USD 11.2 billion by 2027 at a CAGR of 8.4% during the forecast period (2021-2027). Plant growth regulators are likely to be in high demand as the demand for organically produced commodities grows. Consumer shift toward organic foods is also surging worlswide, thereby favoring the market’s growth. Organic farming is one of the fastest-growing businesses, and plant growth regulators have found a strong market there as well. A plant growth regulator will increase profits for high-value, high-quality fruits and vegetables. Also, the worldwide market for plant growth regulators is growing because of increased investment in agricultural operations in developing countries during the last few years. With the use of plant growth regulators, high-value, high-quality fruits and vegetables are expected to generate higher profit margins. During the forecast period, the plant growth regulators market will grow worldwide through increased investments made in agricultural operations in developing countries.
Source: BlueWeave Consulting
Global Plant Growth Regulators Market Overview
Plant growth regulators are chemical compounds that significantly impact the growth and separation of plant cells, tissues, and organs. Plant growth regulators act as chemical messengers that allow cells to communicate with one another. Natural plant growth regulators are produced in small amounts within a plant and migrated to other parts of the plant, controlling a variety of physiological functions such as promoting plant cell division and cell expansion, leaf expansion, retarding leaf senescence, fruit and vegetable ripening, fruit and flower maturation, and seed germination. Auxins, gibberellins, cytokinins, abscisic acid (ABA), and ethylene are the five identified categories of plant hormones. They collaborate to coordinate plant cell growth and development.
Global Plant Growth Regulators Market Trend
Growth Drivers
In-house Gardening Drives Growth for Plant Growth Regulators
Plant growth regulators are becoming more popular among landscape contractors and lawn care operators as they discover the potential benefits, such as reduced clippings, improved turf health, stress tolerance, and root development. Landscape contractors and lawn care operators are discovering the potential benefits of plant growth regulators, which include slower grass growth, increased turf health and stress tolerance, and better root formation, all of which reduce clippings mowing frequency.
Landscape contractors and lawn care operators are discovering the potential benefits of plant growth regulators, which include slower grass growth, increased turf health and stress tolerance, and better root formation, all of which assist minimise clippings mowing frequency. Emerging in-house gardening and farming trends drive market expansion for plant growth regulators over the projected period, as more farmers resort to agrochemicals to improve crop protection and deliver nutrition-rich product.
Restraints
The Lack of Awareness Regarding Benefits of PGR among Farmers is Hampering the Market Growth
Chemical molecules that regulate the growth and differentiation of plant cells, tissues, and organs are known as plant growth regulators. The use of plant growth regulators can significantly boost agricultural output. It has been shown that a significant proportion of farmers are still unaware of several types of plant growth regulators available or how to use them appropriately and accurately. Furthermore, many farmers are unaware of the financial benefits of using these growth regulators. Additionally, organic farming is a complex process that requires a high level of skill and knowledge in this niche industry to achieve the desired effect and outcome. Farmers in developing countries, on the other hand, have had limited access to organic farming techniques. As a result, plant growth regulator providers and the market face challenges due to a lack of awareness about the products.
Impact of COVID-19
Due to the Covid-19 outbreak, the food and beverage industry has faced huge losses, significantly impacting the market's global plant growth. The pandemic has disrupted the transportation system and the supply of raw materials. The disrupted value chain has had a detrimental influence on raw material availability, affecting market growth for plant growth regulators. However, as economies are back to normal, demand for plant growth regulators is expected to surge during the forecast period as people increasingly purchase food through online merchants, resulting in increased demand for more food.
Global Plant Growth Regulators Market: By Crop Type
Based on crop type, the global plant growth regulators market is segmented as fruits & vegetables, cereals & grains, oilseeds & pulses, and others. Among these, The fruits and vegetables segment dominated the market in 2020 and is likely to dominate the segment during the forecast period. This can be attributed to the surge in demand for organic fruits and vegetables, improvements in the standard of living, and a shift in consumer tastes toward a healthier lifestyle are all contribute to the segment's growth during the forecast period.
Source: BlueWeave Consulting
Global Plant Growth Regulators Market: By Function
In terms of function, the global plant growth regulators market is segmented into plant growth promoters and plant growth inhibitors. The plant growth promoter segment held the largest share of the market in 2020, and is likely to continue dominating the segment in the next few years. Based on functions, the global plant growth regulators market is segmented into plant growth promoters, and plant growth inhibitors. The plant growth promoter segment held the largest market share in 2020 and is likely to dominate the segment during the forecast period. Plant growth promoters are beneficial to plants at various phases of development. Several factors are contributing to the growing demand for plant growth promoters in multiple fruits and vegetables. Plant growth regulators improve flowering for higher yield and thereby increase demand for plant growth promoters.
Global Plant Growth Regulators Market: Regional Insights
Geographically, the global plant growth regulators market is categorized into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. North America held a significant market share in 2020 and is likely to dominate the segment during the forecast period. The growth of the region can be attributed to the rising demand for organic food, which is expected to push the product demand in the region. Additionally, Europe has accounted for the second-largest market share in 2020. Throughout the forecast period, the region is anticipated to experience considerable growth due to the increased awareness of the advantages of plant growth regulators. Europe exports large quantities of fruits and vegetables both to domestic and to foreign markets, which implies that the market will experience growth. Europe exports large quantities of fruits and vegetables both within the region and to foreign economies, implying that demand for this product is likely to increase during the forecast period.
Source: BlueWeave Consulting
Competitive Landscape
The plant growth regulators market is highly fragmented due to the presence of limited domestic and international players. Additionally, the emergence of new players has resulted in healthier competition among long-established service providers in the industry. Some key players in the global plant growth regulators market are BASF SE, The DOW Chemical Company, Syngenta, FMC Corporation, Nufarm, Adama, Bayer Cropscience, Nippon Soda, Tata Chemicals, Valent Biosciences, Xinyi Industrial, Arysta Lifescience and Other Prominent Players.
Recent Development
- In March 2021, BASF stepped up its efforts in sustainable agricultural innovation research and development, assisting farmers in overcoming environmental and economic issues while also satisfying consumer demand for more sustainably produced food. The pipeline will help the company achieve its aim of expanding its sales share of agricultural solutions that contribute significantly to sustainability by 7% per year over the next ten years. BASF's interconnected offering of seeds and seed treatment products, chemical and biological solutions, and digital services will be complemented by more than 30 important R&D initiatives by 2030.
- In April 2020, BASF introduced Attraxor, a new plant growth regulator (PGR), at BTME in Harrogate on January 21st, 2020. The product is brand new in the UK market and contains the potent active ingredient Prohexadione calcium.
Scope of the Report
Details |
|
Years Considered |
Historical data – 2017-2020 Base Year – 2020 Forecast – 2021 – 2027 |
Facts Covered |
Revenue in USD Billion |
Market Coverage |
U.S, Canada, France, Germany, United Kingdom, Rest of the Europe, Japan, China, India, New Zealand, Australia, South Korea, Rest of the APAC, Brazil, Mexico, Rest of the Latin America, South Africa, Saudi Arabia, UAE, and Rest of MEA. |
Product/Service Segmentation |
By Product Type, By Crop Type, By Formulations, By Function and By Region |
Key Players |
Key Players for the market Some of the key players include BASF SE, The DOW Chemical Company, Syngenta, FMC Corporation, Nufarm, Adama, Bayer Cropscience, Nippon Soda, Tata Chemicals, Valent Biosciences, Xinyi Industrial, Arysta Lifescience and Other Prominent Players. |
- By Product Type
-
-
- Cytokinins
- Auxins
- Gibberellins
- Ethylene
- Abscisic acid
- Vitamins
- Others
-
-
- By Crop Type
-
-
- Fruits and vegetables
- Turf and ornamentals
- Cereals & grains
- Wheat
- Rice
- Corn
- Others
- Oilseeds & Pulses
- Cotton seed
- Soya bean
- Sunflower
- Others
- Others
-
-
- By Formulations
-
-
- Water-Dispersible & Water Soluble
- Wettable Powders
- Solutions
-
-
- By Function
-
-
- Plant Growth Promoters
- Plant Growth Inhibitors
-
-
- By Region
-
-
- North America
- Europe
- The Asia-Pacific
- Latin America
- Middle East and Africa
-
-
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Primary & Secondary Research Application
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
- Executive Summary
- Global Plant Growth Regulators Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Restraints
- Opportunities
- Challenges
- Recent Development
- Technological Advancements
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Application of Suppliers
- Bargaining Application of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Global Plant Growth Regulators Market Overview
- Market Size & Forecast by Value, 2017-2027
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- Cytokinins
- Auxins
- Gibberellins
- Ethylene
- Abscisic acid
- Vitamins
- Others
- By Crop Type
- Fruits and vegetables
- Turf and ornamentals
- Cereals & grains
- Wheat
- Rice
- Corn
- Others
- Oilseeds & Pulses
- Cotton seed
- Soya bean
- Sunflower
- Others
- Others
- By Formulations
- Water-Dispersible & Water Soluble
- Wettable Powders
- Solutions
- By Function
- Plant Growth Promoters
- Plant Growth Inhibitors
- By Region
- North America
- Europe
- The Asia-Pacific
- Latin America
- The Middle East and Africa
- By Product Type
- Market Size & Forecast by Value, 2017-2027
- North America Plant Growth Regulators Market
- Market Size & Forecast by Value, 2017-2027
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Crop Type
- By Formulations
- By Function
- By Country
- United States
- Canada
- Market Size & Forecast by Value, 2017-2027
- Europe Plant Growth Regulators Market
- Market Size & Forecast by Value, 2017-2027
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Crop Type
- By Formulations
- By Function
- By Country
- France
- Germany
- United Kingdom
- Rest of Europe
- Market Size & Forecast by Value, 2017-2027
- Asia-Pacific Plant Growth Regulators Market
- Market Size & Forecast by Value, 2017-2027
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Crop Type
- By Formulations
- By Function
- By Country
- Japan
- China
- India
- New Zealand
- Australia
- South Korea
- Rest of APAC
- Market Size & Forecast by Value, 2017-2027
- Latin America Plant Growth Regulators Market
- Market Size & Forecast by Value, 2017-2027
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Crop Type
- By Formulations
- By Function
- By Country
- Brazil
- Mexico
- Rest of Latin America
- Market Size & Forecast by Value, 2017-2027
- Middle East & Africa Plant Growth Regulators Market
- Market Size & Forecast by Value, 2017-2027
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Crop Type
- By Formulations
- By Function
- By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- Market Size & Forecast by Value, 2017-2027
- Competitive Landscape
- Company Market Share Analysis, 2020
- Competitive Benchmarking, By Product Offerings
- List of Key Players and their Offerings
- Impact of COVID-19 across Industry
- Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
- BASF SE
- The DOW Chemical Company
- Syngenta
- FMC Corporation
- Nufarm
- Adama
- Bayer Cropscience
- Nippon Soda
- Tata Chemicals
- Valent Biosciences
- Xinyi Industrial
- Arysta Lifescience
- Other Prominent Players
- Key Strategic Recommendations
*Financial details of unlisted companies will be available as per data availability in final deliverable
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable.
List of Figures
Fig 1: Global Plant Growth Regulators Segmentation
Fig 2: Global Plant Growth Regulators Market Value Chain Analysis
Fig 3: Company Market Share Analysis, 2020
Fig 3: Global Plant Growth Regulators Market Size, By Value (USD Billion), 2017-2027
Fig 4: Global Plant Growth Regulators Market Share, By Product Type, By Value, 2017-2027
Fig 5: Global Plant Growth Regulators Market Share, By Crop Type, By Value, 2017-2027
Fig 6: Global Plant Growth Regulators Market Share, By Formulations, By Value, 2017-2027
Fig 7: Global Plant Growth Regulators Market Share, By Function, By Value, 2017-2027
Fig 8: Global Plant Growth Regulators Market Share, By Region, By Value, 2017-2027
Fig 9: North America Plant Growth Regulators Market Size, By Value (USD Billion), 2017-2027
Fig 10: North America Plant Growth Regulators Market Share, By Type, By Value, 2017-2027
Fig 11: North America Plant Growth Regulators Market Share, By Crop Type, By Value, 2017-2027
Fig 12: North America Plant Growth Regulators Market Share, By Formulations, By Value, 2017-2027
Fig 13: North America Plant Growth Regulators Market Share, By Function, By Value, 2017-2027
Fig 14: North America Plant Growth Regulators Market Share, By Country, By Value, 2017-2027
Fig 15: Europe Plant Growth Regulators Market Size, By Value (USD Billion), 2017-2027
Fig 16: Europe Plant Growth Regulators Market Share, By Type, By Value, 2017-2027
Fig 17: Europe Plant Growth Regulators Market Share, By Crop Type, By Value, 2017-2027
Fig 18: Europe Plant Growth Regulators Market Share, By Formulations, By Value, 2017-2027
Fig 19: Europe Plant Growth Regulators Market Share, By Function, By Value, 2017-2027
Fig 20: Europe Plant Growth Regulators Market Share, By Country, By Value, 2017-2027
Fig 21: the Asia-Pacific Plant Growth Regulators Market Size, By Value (USD Billion), 2017-2027
Fig 22: the Asia-Pacific Plant Growth Regulators Market Share, By Type, By Value, 2017-2027
Fig 23: the Asia-Pacific Plant Growth Regulators Market Share, By Crop Type, By Value, 2017-2027
Fig 24: Europe Plant Growth Regulators Market Share, By Formulations, By Value, 2017-2027
Fig 25: Europe Plant Growth Regulators Market Share, By Function, By Value, 2017-2027
Fig 26: the Asia-Pacific Plant Growth Regulators Market Share, By Country, By Value, 2017-2027
Fig 27: Latin America Plant Growth Regulators Market Size, By Value (USD Billion), 2017-2027
Fig 28: Latin America Plant Growth Regulators Market Share, By Type, By Value, 2017-2027
Fig 29: Latin America Plant Growth Regulators Market Share, By Crop Type, By Value, 2017-2027
Fig 30: Latin America Plant Growth Regulators Market Share, By Formulations, By Value, 2017-2027
Fig 31: Latin America Plant Growth Regulators Market Share, By Function, By Value, 2017-2027
Fig 32: Latin America Plant Growth Regulators Market Share, By Country, By Value, 2017-2027
Fig 33: The Middle East & Africa Plant Growth Regulators Market Size, By Value (USD Billion), 2017-2027
Fig 34: The Middle East & Africa Plant Growth Regulators Market Share, By Type, By Value, 2017-2027
Fig 35: The Middle East & Africa Plant Growth Regulators Market Share, By Crop Type, By Value, 2017-2027
Fig 36: The Middle East & Africa Plant Growth Regulators Market Share, By Formulations, By Value, 2017-2027
Fig 37: The Middle East & Africa Plant Growth Regulators Market Share, By Function, By Value, 2017-2027
Fig 38: The Middle East & Africa Plant Growth Regulators Market Share, By Country, By Value, 2017-2027
List of Tables.
Table 1: Global Plant Growth Regulators Size, By Form, By Value, 2017-2027
Table 2: Global Plant Growth Regulators Market Size, By Type, By Value, 2017-2027
Table 3: Global Plant Growth Regulators Market Size, By Crop Type, By Value, 2017-2027
Table 4: Global Plant Growth Regulators Market Size, By Formulations, By Value, 2017-2027
Table 5: Global Plant Growth Regulators Market Size, By Function, By Value, 2017-2027
Table 6: Global Plant Growth Regulators Market Size, By Region, By Value, 2017-2027
Table 7: North America Plant Growth Regulators Market Size, By Type, By Value, 2017-2027
Table 8: North America Plant Growth Regulators Market Size, By Crop Type, By Value, 2017-2027
Table 9: North America Plant Growth Regulators Market Size, By Formulations, By Value, 2017-2027
Table 10: North America Plant Growth Regulators Market Size, By Function, By Value, 2017-2027
Table 11: North America Plant Growth Regulators Market Size, By Country, By Value, 2017-2027
Table 12: Europe Plant Growth Regulators Market Size, By Type, By Value, 2017-2027
Table 13: Europe Plant Growth Regulators Market Size, By Crop Type, By Value, 2017-2027
Table 14: Europe Plant Growth Regulators Market Size, By Formulations, By Value, 2017-2027
Table 15: Europe Plant Growth Regulators Market Size, By Function, By Value, 2017-2027
Table 16: Europe Plant Growth Regulators Market Size, By Country, By Value, 2017-2027
Table 17: the Asia-Pacific Plant Growth Regulators Market Size, By Type, By Value, 2017-2027
Table 18: the Asia-Pacific Plant Growth Regulators Market Size, By Crop Type, By Value, 2017-2027
Table 19: the Asia-Pacific Plant Growth Regulators Market Size, By Formulations, By Value, 2017-2027
Table 20: the Asia-Pacific Plant Growth Regulators Market Size, By Function, By Value, 2017-2027
Table 21: the Asia-Pacific Plant Growth Regulators Market Size, By Country, By Value, 2017-2027
Table 22: Latin America Plant Growth Regulators Market Size, By Type, By Value, 2017-2027
Table 23: Latin America Plant Growth Regulators Market Size, By Crop Type, By Value, 2017-2027
Table 24: Latin America Plant Growth Regulators Market Size, By Formulations, By Value, 2017-2027
Table 25: Latin America Plant Growth Regulators Market Size, By Function, By Value, 2017-2027
Table 26: Latin America Plant Growth Regulators Market Size, By Country, By Value, 2017-2027
Table 27: The Middle East & Africa Plant Growth Regulators Market Size, By Type, By Value, 2017-2027
Table 28: The Middle East & Africa Plant Growth Regulators Market Size, By Crop Type, By Value, 2017-2027
Table 29: The Middle East & Africa Plant Growth Regulators Market Size, By Formulations, By Value, 2017-2027
Table 30: The Middle East & Africa Plant Growth Regulators Market Size, By Function, By Value, 2017-2027
Table 31: The Middle East & Africa Plant Growth Regulators Market Size, By Country, By Value, 2017-2027
Table 32: BASF SE Business Overview
Table 33: BASF SE Financial Analysis
Table 34: The DOW Chemical Company Business Overview
Table 35: The DOW Chemical Company Financial Analysis
Table 36: Syngenta Business Overview
Table 37: Syngenta Financial Analysis
Table 38: FMC Corporation Business Overview
Table 39: FMC Corporation Financial Analysis
Table 40: Nufarm Business Overview
Table 41: Nufarm Financial Analysis
Table 42: Adama Business Overview
Table 43: Adama Financial Analysis
Table 44: Bayer Cropscience Business Overview
Table 45: Bayer Cropscience Financial Analysis
Table 46: Nippon Soda Business Overview
Table 47: Nippon Soda Financial Analysis
Table 48: Tata Chemicals Business Overview
Table 49: Tata Chemicals Financial Analysis
Table 50: Valent Biosciences Business Overview
Table 51: Valent Biosciences Financial Analysis
Table 52: Xinyi Industrial Business Overview
Table 53: Xinyi Industrial Financial Analysis
Table 54: Arysta Lifescience Business Overview
Table 55: Arysta Lifescience Financial Analysis
Market Segmentation
- By Product Type
-
-
- Cytokinins
- Auxins
- Gibberellins
- Ethylene
- Abscisic acid
- Vitamins
- Others
-
-
- By Crop Type
-
-
- Fruits and vegetables
- Turf and ornamentals
- Cereals & grains
- Wheat
- Rice
- Corn
- Others
- Oilseeds & Pulses
- Cotton seed
- Soya bean
- Sunflower
- Others
- Others
-
-
- By Formulations
-
-
- Water-Dispersible & Water Soluble
- Wettable Powders
- Solutions
-
-
- By Function
-
-
- Plant Growth Promoters
- Plant Growth Inhibitors
-
-
- By Region
-
-
- North America
- Europe
- The Asia-Pacific
- Latin America
- Middle East and Africa
-
-
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