Plant Growth Regulators Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Plant Growth Regulators Market is segmented by Type (Cytokinins, Auxins, and Gibberlins), Application (Crop-based and Non-crop-based), and Geography (North America, Europe, Asia-Pacific, South America, and Africa).

Market Snapshot

wheat market growth and trends
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR:

8.5 %

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Market Overview

  • The plant growth regulators market was valued at USD 5,289.3 million in 2018, which is projected to register a CAGR of 8.5% during the forecast period.
  • The drivers identified in the market are expansion of the organic food industry and increased emphasis on sustainable farming.
  • The restraints identified in the market are lower benefits with enhanced yield and productivity, less awareness among farmers, and less innovation in product development.

Scope of the Report

Plant growth regulators are chemical compounds, other than nutrients, that modify plant physiological processes. Crop-specific product development has been the major strategy adopted in the plant growth regulator industry to gain better market penetration throughout the world.

Type
Cytokinins
Auxins
Gibberlins
Other Types
Application
Crop-based
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Turf and Ornamentals
Other Crops
Non-crop-based
Turf and Ornamental Grass
Other Applications
Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Spain
UK
France
Germany
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Thailand
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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Key Market Trends

The Plant Growth Regulators Market is Segmented by Type (Cytokinins, Auxins, Gibberlins and Other Types)

The plant growth regulators market is described on the basis of types, crop application, and geography. Among all the growth regulators, cytokinins are widely consumed and accounts for around 40% of the market share. Cytokinins are also the fastest growing segment during the forecast period, as they enhance stress tolerance and stimulate protein synthesis. Auxin is the second-largest segment, and the consumption is expected to expand with demand for medicinal plants and growth in turf and landscaping. Cereals and oilseeds are the major consumers of plant growth regulators, followed by fruits and vegetables, together accounting for 75% of the market share. 

Plantgrowth regulators market1

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Europe Dominates the Market

Europe is the largest market accounting for around 45% of the market share. Growth in consumption of organic food is driving the market in this region. North America is the second-largest market and the market is expected to expand with increased supply of quality products from key players. Asia-Pacific is estimated to register the fastest CAGR, due to growth in rate of adoption of sustainable farming and increased organic food consumption. China and India are the high growth markets in the region, whereas Southeast Asian countries are the potential markets and Brazil is the major market in South America.

Plantgrowth regulators market2

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Competitive Landscape

The key players in the market are focused on new product launch to cater to a wider consumer base and expand market share. Investment in R&D of cheap effective products is another strategy adopted by market leaders. The major players in the market are BASF SE, Bayer Crop Science,Corteva Agriscience, etc.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Cytokinins

      2. 5.1.2 Auxins

      3. 5.1.3 Gibberlins

      4. 5.1.4 Other Types

    2. 5.2 Application

      1. 5.2.1 Crop-based

        1. 5.2.1.1 Grains and Cereals

        2. 5.2.1.2 Pulses and Oilseeds

        3. 5.2.1.3 Fruits and Vegetables

        4. 5.2.1.4 Turf and Ornamentals

        5. 5.2.1.5 Other Crops

      2. 5.2.2 Non-crop-based

        1. 5.2.2.1 Turf and Ornamental Grass

        2. 5.2.2.2 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 US

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 UK

        3. 5.3.2.3 France

        4. 5.3.2.4 Germany

        5. 5.3.2.5 Russia

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Thailand

        5. 5.3.3.5 Australia

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 BASF SE

      2. 6.3.2 Bayer Crop Science

      3. 6.3.3 Corteva Agriscience

      4. 6.3.4 Crop Care Australia Pty Ltd

      5. 6.3.5 Barclay Crop Protection

      6. 6.3.6 Sumitomo Chemical Australia Pty Ltd

      7. 6.3.7 NuFarm Ltd

      8. 6.3.8 Redox Industries ltd

      9. 6.3.9 Xinyi (H.K.) Industrial Co. Ltd

      10. 6.3.10 Sichuan Guoguang Agrochemical Co. Ltd

      11. 6.3.11 Fine Americas Inc.

      12. 6.3.12 Chemtura AgroSolutions

      13. 6.3.13 Valent BioSciences Corporation

      14. 6.3.14 Hangzhou Tianlong Biotechnology Co. Ltd

      15. 6.3.15 Tri-DWARF Industrial Co. Ltd

      16. 6.3.16 WinField Solutions LLC

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Plant Growth Regulators Market market is studied from 2016 - 2026.

The Plant Growth Regulators Market is growing at a CAGR of 8.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

  • BASF SE
  • Bayer Crop Science
  • Corteva Agriscience
  • Barclay Crop Protection
  • NuFarm Ltd

Are the major companies operating in Plant Growth Regulators Market.

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