Plant Growth Regulators Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecast 2021-2031 | Fine Agrochemicals, Syngenta, and Sumitomo Chemicals Company

Global Plant Growth Regulators Market report from Global Insight Services is the single authoritative source of intelligence on Plant Growth Regulators Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Plant growth regulators (PGRs) are a group of chemicals that can be used to manipulate plant growth and development. PGRs can be used to promote or inhibit growth, delay maturity, change plant architecture, and alter flower color. They are often used in agriculture to improve yields, reduce labor costs, and improve crop quality. PGRs are also used in horticulture to improve plant appearance or to control pests and diseases.

Key Trends

The key trends in Plant Growth Regulators technology are:

  1. Increased use of plant growth regulators (PGRs) to improve plant yield and quality.
  2. Increased use of PGRs to improve plant stress tolerance.
  3. Increased use of PGRs to improve plant disease resistance.
  4. Increased use of PGRs to improve plant nutrition.

Key Drivers

There are numerous factors driving the plant growth regulators market.

Firstly, the ever-increasing demand for food globally is putting pressure on farmers to increase yields. This has led to the increased use of plant growth regulators to boost crop yields.

Secondly, the growth of the horticulture industry is also driving demand for plant growth regulators, as they are widely used in this sector to improve plant growth and yield.

Thirdly, the increasing popularity of organic farming is also driving demand for plant growth regulators, as they are seen as a more environmentally-friendly option than synthetic chemical pesticides.

Finally, the increasing awareness of the benefits of plant growth regulators is also driving demand, as more farmers and growers are becoming aware of their potential to improve yields and crop quality.

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Restraints & Challenges

The key restraints and challenges in Plant Growth Regulators market are:

  1. Lack of awareness among farmers about the benefits of plant growth regulators.
  2. High cost of plant growth regulators.
  3. Stringent government regulations regarding the use of plant growth regulators.
  4. Limited availability of plant growth regulators in developing countries.

Market Segments

The Plant Growth Regulators Market is segmented by product type, crop type, and region. By product type, it is divided into cytokinins, auxins, gibberellins, ethylene, abscisic acid, and others. By crop type, it is categorized into fruits & vegetables, grains & pulses, ornamentals, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Plant Growth Regulators Market report includes players such as BASF SE, DuPont, Bayer Crop Science, TATA Chemicals, Nufarm, Arysta Life Science, Sichuan Guoguang Agrochemical Co. Ltd, Fine Agrochemicals, Syngenta, and Sumitomo Chemicals Company.

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