The Plant Growth Regulators Market is expected to hold the largest market share of USD 6.25 Bn, with a CAGR of 7.2% over the forecast period (2024-2030).Plant Growth Regulators Market Definition:
Plant growth regulators are natural and synthetic chemical compounds that have a significant impact on the development and isolation of plant cells, tissues, and organs. Natural plant growth regulators are produced in small quantities within a specific plant and then disperse to other parts of the plant, influencing a variety of physiological functions to modulate plant growth, such as promoting plant cell division and cell expansion, leaf expansion, retarding leaf senescence, ripening of fruits and vegetables, 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 promote the growth and development of plant cells. Since the previous decade, the organic food business has grown in popularity due to the high premium value achieved by farm produce. The report has covered the market trends from 2018 to the forecast year the market through 2024 to 2030 and 2023 is considered a base year. Special attention is given to 2022 and the effect of lockdown on the demand and supply, and also the impact of the lockdown for the next two years on the market. Some companies have done good in lockdown also and a specific strategic analysis of those companies is done in the report.To know about the Research Methodology :- Request Free Sample Report
Plant Growth Regulators Market Dynamics:
In the future, the plant growth regulators market is expected to be fueled by increased investment in the agriculture industry around the globe. Plant growth regulators are expected to be in high demand in the next years, thanks to the growing organic farming movement and increased demand for organic products around the globe. Furthermore, rising public awareness of health and fitness is expected to aid its expansion. Organic farming is one of the world's fastest-growing sectors. The primary goal of using plant growth regulators in fruits and vegetables is to aid in their development. Ethylene, commonly known as a developing hormone, is responsible for this. The plant growth regulators market is expected to benefit from the rise of the organic food business as a result of increased demand for organic food around the world, as well as the boom in the textile sector, higher cotton production, and an increase in the practice of organic farming. Plant growth regulators are expected to boost the market and make the production process faster than traditional fertilizers due to their ability to reduce lodging in intensive cereal production, control shoot heights, and stimulate latex flow in rubber plants, which is expected to positively impact the plant growth regulators market growth in the coming years. The market's value chain structure is largely influenced by economic and environmental factors, as well as the nature of products, upstream raw material supplies, and downstream structure, all of which act as opportunities for market growth. As a result, final products are distributed globally via online and offline retailing. Manufacturing businesses in the global market should concentrate on selling the product in rising economies in Asia and Africa, which is expected to provide attractive prospects for both existing and new players in the global plant growth regulators market throughout the forecast period (2024-2030). However, a large number of farmers are still uninformed of these plant growth regulators and how to utilize them correctly for various applications, which limits the market for plant growth regulators. Also, there is a fear about the product's use being subjected to strict regulatory guidelines. This is due to side effects like allergic responses and other health-related concerns that occur as a result of consuming food products that are administered with plant or crop growth regulators.Plant Growth Regulators Market Segmentation:
The Plant Growth Regulators market is segmented into type, crop type, formulation, and function. Based on Type, Auxins have been the dominant segment in the global plant growth regulators market in 2023. They play a crucial role in various plant developmental processes, including cell elongation, root initiation, and fruit development. These regulators influence over 70% of cellular activities related to growth and differentiation in plants, making them vital for agricultural productivity. Especially, auxins are used extensively in tissue culture techniques, enhancing root development in plant cuttings by up to 90%, which significantly boosts propagation success rates. Examples of commonly used auxins include indole-3-acetic acid (IAA) and naphthaleneacetic acid (NAA), which are applied in concentrations ranging from 10 to 100 micromoles to achieve desired growth responses. The widespread use of auxins in both traditional farming and advanced agricultural practices highlights their critical role in enhancing crop yield and quality globally. In terms of Crop type segment: The Plant Growth Regulators market is further sub-segmented into Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, and Turf & Ornamentals. Among these, in 2022, the fruits and vegetable segment dominated the market, with a value of US$1.40 Bn. Thanks to the increased demand for organic fruits and vegetables, improvements in the level of living, and a shift in consumer tastes are all contributing to the segment's rise.Plant Growth Regulators Market Regional Insights:
In 2023, Asia Pacific has been the dominant region driven by the extensive agricultural activities within the region and diverse climatic conditions suitable for a wide range of crops. Countries like China and India are major contributors, with agriculture accounting for over 15% and 18% of their GDP, respectively. In Japan, plant growth regulators are widely used in horticulture to improve fruit size and quality, with certain applications increasing fruit yield by up to 30%. Southeast Asian countries, such as Thailand and Vietnam, also heavily utilize these regulators to boost the production of rice and other staple crops. The growing focus on sustainable agriculture practices in the region, coupled with government initiatives to enhance crop productivity and quality, is further accelerating the adoption of plant growth regulators across the Asia Pacific. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Plant Growth Regulators dynamics, structure by analyzing the market segments and project the Plant Growth Regulators size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Plant Growth Regulators make the report investor’s guide.Plant Growth Regulators Industry Ecosystem
Plant Growth Regulators Market Scope: Inquire before buying
Plant Growth Regulators Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 3.84 Billion Forecast Period 2024 to 2030 CAGR: 7.2% Market Size in 2030: USD 6.25 Billion Segments Covered: by Type Cytokinins Auxins Gibberellins Ethylene Others by Crop Type Cereals Oilseeds & Pulses Fruits & Vegetables Turf & Ornamentals Others Plant Growth Regulators Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Plant Growth Regulators Market Key Players
1. Nufarm Limited 2. The Dow Chemical Company 3. ADAMA India Private Limited 4. Syngenta AG 5. Bayer AG 6. BASF SE 7. FMC Corporation 8. NIPPON SODA CO 9. Valent BioSciences LLC 10.Arysta LifeScience Corporation 11.Tata Chemicals 12.Xinyi Industrial 13.Sumitomo Chemical 14.WinField Solutions 15.Sichuan Guoguang Agrochemical Co. Ltd. 16.Fine agrochemicals 17.Redox Industries Limited 18.OthersFrequently Asked Questions:
1. Which region has the largest share in the Global Plant Growth Regulators Market? Ans: In 2023, Asia Pacific has been the dominant region in the Global Plant Growth Regulators Market. 2. What is the growth rate of the Global Plant Growth Regulators Market? Ans: The Global Plant Growth Regulators Market is growing at a CAGR of 7.2% during the forecast period of 2024-2030. 3. What is the scope of the Global Plant Growth Regulators market report? Ans: The Global Plant Growth Regulators Market report helps with the PESTEL, PORTER, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in the Global Plant Growth Regulators market? Ans: The important key players in the Global Plant Growth Regulators Market are – Nufarm Limited, The Dow Chemical Company, ADAMA India Private Limited, Syngenta AG, Bayer AG, BASF SE, FMC Corporation, NIPPON SODA CO, Valent BioSciences LLC, Arysta LifeScience Corporation, Tata Chemicals, Xinyi Industrial, Sumitomo Chemical, WinField Solutions, Sichuan Guoguang Agrochemical Co. Ltd., Fine agrochemicals, Redox Industries Limited, and Others 5. What is the study period of the Global Plant Growth Regulators market? Ans: The Global Plant Growth Regulators Market is studied from 2018 to 2030.
1. Plant Growth Regulators Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Plant Growth Regulators Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Company Location 2.5.3. Product Segment 2.5.4. End-user Segment 2.5.5. Revenue (2023) 2.5.6. Growth Rate (Y-O-Y in %) 2.5.7. Key Development 2.5.8. Market Share 2.6. Industry Ecosystem Analysis 2.6.1. Demand Side 2.6.2. Supply Side 2.7. Market Structure 2.7.1. Market Leaders 2.7.2. Market Followers 2.7.3. Emerging Players 2.8. Consolidation of the Market 2.8.1. Strategic Initiatives and Developments 2.8.2. Mergers and Acquisitions 2.8.3. Collaborations and Partnerships 2.8.4. Product Launches and Innovations 3. Plant Growth Regulators Market: Dynamics 3.1. Plant Growth Regulators Market Trends 3.2. Plant Growth Regulators Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.3.1. Threat of New Entrants 3.3.2. Threat of Substitutes 3.3.3. Bargaining Power of Suppliers 3.3.4. Bargaining Power of Buyers 3.3.5. Intensity of Competitive Rivalry 3.4. PESTLE Analysis 3.5. Supply Chain Analysis 3.6. Value Chain Analysis 3.7. Technology Roadmap 3.8. Regulatory Landscape 3.8.1. Regulatory Bodies, Government Agencies, and Other Organizations 3.8.2. Regulatory Framework by Region 3.9. Patent Analysis 3.9.1. List of Major Patents pertaining to the market 3.10. Pricing Analysis 3.10.1. Average Selling Price Trend by Region 4. Plant Growth Regulators Market: Global Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 4.1. Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 4.1.1. Cytokinins 4.1.2. Auxins 4.1.3. Gibberellins 4.1.4. Ethylene 4.1.5. Others 4.2. Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 4.2.1. Cereals 4.2.2. Oilseeds & Pulses 4.2.3. Fruits & Vegetables 4.2.4. Turf & Ornamentals 4.2.5. Others 4.3. Plant Growth Regulators Market Size and Forecast, by Region (2023-2030) 4.3.1. North America 4.3.2. Europe 4.3.3. Asia Pacific 4.3.4. Middle East and Africa 4.3.5. South America 5. North America Plant Growth Regulators Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 5.1. North America Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 5.1.1. Cytokinins 5.1.2. Auxins 5.1.3. Gibberellins 5.1.4. Ethylene 5.1.5. Others 5.2. North America Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 5.2.1. Cereals 5.2.2. Oilseeds & Pulses 5.2.3. Fruits & Vegetables 5.2.4. Turf & Ornamentals 5.2.5. Others 5.3. North America Plant Growth Regulators Market Size and Forecast, by Country (2023-2030) 5.3.1. United States 5.3.1.1. United States Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 5.3.1.1.1. Cytokinins 5.3.1.1.2. Auxins 5.3.1.1.3. Gibberellins 5.3.1.1.4. Ethylene 5.3.1.1.5. Others 5.3.1.2. United States Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 5.3.1.2.1. Cereals 5.3.1.2.2. Oilseeds & Pulses 5.3.1.2.3. Fruits & Vegetables 5.3.1.2.4. Turf & Ornamentals 5.3.1.2.5. Others 5.3.2. Canada 5.3.2.1. Canada Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 5.3.2.1.1. Cytokinins 5.3.2.1.2. Auxins 5.3.2.1.3. Gibberellins 5.3.2.1.4. Ethylene 5.3.2.1.5. Others 5.3.2.2. Canada Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 5.3.2.2.1. Cereals 5.3.2.2.2. Oilseeds & Pulses 5.3.2.2.3. Fruits & Vegetables 5.3.2.2.4. Turf & Ornamentals 5.3.2.2.5. Others 5.3.3. Mexico 5.3.3.1. Mexico Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 5.3.3.1.1. Cytokinins 5.3.3.1.2. Auxins 5.3.3.1.3. Gibberellins 5.3.3.1.4. Ethylene 5.3.3.1.5. Others 5.3.3.2. Mexico Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 5.3.3.2.1. Cereals 5.3.3.2.2. Oilseeds & Pulses 5.3.3.2.3. Fruits & Vegetables 5.3.3.2.4. Turf & Ornamentals 5.3.3.2.5. Others 6. Europe Plant Growth Regulators Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 6.1. Europe Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 6.2. Europe Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 6.3. Europe Plant Growth Regulators Market Size and Forecast, by Country (2023-2030) 6.3.1. United Kingdom 6.3.1.1. United Kingdom Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 6.3.1.2. United Kingdom Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 6.3.2. France 6.3.2.1. France Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 6.3.2.2. France Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 6.3.3. Germany 6.3.3.1. Germany Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 6.3.3.2. Germany Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 6.3.4. Italy 6.3.4.1. Italy Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 6.3.4.2. Italy Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 6.3.5. Spain 6.3.5.1. Spain Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 6.3.5.2. Spain Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 6.3.6. Sweden 6.3.6.1. Sweden Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 6.3.6.2. Sweden Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 6.3.7. Austria 6.3.7.1. Austria Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 6.3.7.2. Austria Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 6.3.8. Rest of Europe 6.3.8.1. Rest of Europe Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 6.3.8.2. Rest of Europe Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 7. Asia Pacific Plant Growth Regulators Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 7.1. Asia Pacific Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 7.2. Asia Pacific Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 7.3. Asia Pacific Plant Growth Regulators Market Size and Forecast, by Country (2023-2030) 7.3.1. China 7.3.1.1. China Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 7.3.1.2. China Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 7.3.2. S Korea 7.3.2.1. S Korea Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 7.3.2.2. S Korea Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 7.3.3. Japan 7.3.3.1. Japan Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 7.3.3.2. Japan Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 7.3.4. India 7.3.4.1. India Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 7.3.4.2. India Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 7.3.4.3. India Plant Growth Regulators Market Size and Forecast, by End-User (2023-2030) 7.3.5. Australia 7.3.5.1. Australia Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 7.3.5.2. Australia Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 7.3.6. ASEAN 7.3.6.1. ASEAN Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 7.3.6.2. ASEAN Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 7.3.7. Rest of Asia Pacific 7.3.7.1. Rest of Asia Pacific Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 7.3.7.2. Rest of Asia Pacific Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 8. Middle East and Africa Plant Growth Regulators Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030) 8.1. Middle East and Africa Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 8.2. Middle East and Africa Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 8.3. Middle East and Africa Plant Growth Regulators Market Size and Forecast, by Country (2023-2030) 8.3.1. South Africa 8.3.1.1. South Africa Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 8.3.1.2. South Africa Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 8.3.2. GCC 8.3.2.1. GCC Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 8.3.2.2. GCC Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 8.3.3. Rest of ME&A 8.3.3.1. Rest of ME&A Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 8.3.3.2. Rest of ME&A Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 9. South America Plant Growth Regulators Market Size and Forecast by Segmentation (by Value in USD Billion) (2023-2030 9.1. South America Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 9.2. South America Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 9.3. South America Plant Growth Regulators Market Size and Forecast, by Country (2023-2030) 9.3.1. Brazil 9.3.1.1. Brazil Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 9.3.1.2. Brazil Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 9.3.2. Argentina 9.3.2.1. Argentina Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 9.3.2.2. Argentina Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 9.3.3. Rest Of South America 9.3.3.1. Rest Of South America Plant Growth Regulators Market Size and Forecast, by Type (2023-2030) 9.3.3.2. Rest Of South America Plant Growth Regulators Market Size and Forecast, by Crop Type (2023-2030) 10. Company Profile: Key Players 10.1. Nufarm Limited 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. The Dow Chemical Company 10.3. ADAMA India Private Limited 10.4. Syngenta AG 10.5. Bayer AG 10.6. BASF SE 10.7. FMC Corporation 10.8. NIPPON SODA CO 10.9. Valent BioSciences LLC 10.10. Arysta LifeScience Corporation 10.11. Tata Chemicals 10.12. Xinyi Industrial 10.13. Sumitomo Chemical 10.14. WinField Solutions 10.15. Sichuan Guoguang Agrochemical Co. Ltd. 10.16. Fine agrochemicals 10.17. Redox Industries Limited 10.18. Others 11. Key Findings & Analyst Recommendations 12. Global Plant Growth Regulators Market: Research Methodology 12.1. Top-Down Approach 12.2. Bottom-Up Approach