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Global Plant Growth Regulators Market projected to grow with significant CAGR over the forecast

Global Plant Growth Regulators Market projected to grow with significant CAGR over the forecast
Global Plant Growth Regulators Market
Global Plant Growth Regulators Market
PR-Inside.com: 2018-05-17 13:06:40
Global Plant Growth Regulators Market projected to grow with significant CAGR over the forecast

An Introduction to the Global Plant Growth Regulators Market

Regulators are basically chemicals either naturally occurring or artificially made, which when applied to seeds or plants can alter their characteristics. They are also known as plant hormones. With the help of plant growth regulators, farmers can achieve the goal what they desire from their crops. These plant growth regulators can be helpful in making crops resistant to disease or insect. They can also help in improving root strength. Natural/organic regulators are sourced from naturally occurring living organisms like seaweed, liquid kelp etc where as synthetic regulators are made artificially.

Drivers and Constraint for Plant Growth Regulators Market

Growing profitability concern among farmers has inclined them towards organic farming and usage of organic products to safeguard their crops. This is seen as the main growth driving factor for plant growth regulators market. Other factors contributing to the growth of plant growth regulators market are growing concern among farmers for plant health, increase in import and export of food products, prolonged usage of fertilizers.

On the other hand, factors like strict regulatory framework, high product cost and lack of awareness are still hindering the growth of plant growth regulators market.

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Global Plant Growth Regulators Market – Classification

The global plant growth regulators can be classified on the basis of type and geography

On the basis of type, plant growth regulators market can be segmented into the following categories:

• Gibberellins

• Cytokinins

• Auxins

• Abscisic acid

• Ethylene

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Plant Growth Regulators Market – Global Perspective

Currently the plant growth regulators market is not so prominent due to fewer players in the global market. These players are adopting mergers, acquisition and collaboration strategies in order to grow. Also, adoption of modern agricultural practices in order to meet the increased food demand for growing population along with favourable government policies will help the plant growth regulators market to grow in Long run.

On the basis of geography, the plant growth regulators market can be divided into five regions. These are:-

i) Europe

ii) Asia-Pacific

iii) Middle East & Africa

iv) North America

v) Latin America

Europe is seen as the leading market among all the above regions, mainly due to increase in organic farming activities and availability of lands for organic farming. North America is second important region for plant growth regulators market where growth is due to presence of a rapidly growing organic farming especially in the United States. In Asia-Pacific region, countries like India, China and New Zealand are likely to contribute the most. Being agriculture based economy, strong agricultural practices and a favourable FDI (in case of India) will help the plant growth regulators market to grow in these countries.

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Plant Growth Regulators Market – Key Players

Few of the key players in the plant growth regulators market are as provided below:-

• Syngenta AG (Switzerland)

• FMC Corporation (U.S.)

• The Dow Chemical Company (U.S.)

• Nufarm Limited (Australia)

• BASF SE (Germany)

Plant Growth Regulators Market – Recent Developments

• October 2013 - Tata Chemicals launched FarmGro and FarmGro G, innovative organic plant growth regulators.

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