Market Size of Middle East & Africa Plant Growth Regulators Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.60 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Plant Growth Regulators Market Analysis
The Middle East & Africa Plant Growth Regulators Market is projected to grow at a CAGR of 6.6% during the forecast period (2020-2025).
- There has been an increasing demand for fruits in Egypt and South Africa, and the application of plant growth regulators (PGRs) on fruit crops is continuously increasing. Similarly, in Africa, plant growth regulators are highly used for vegetables, such as potatoes, tomatoes, and onions. Fruits are enhanced by the application of PGR, in the case of apples, pears, and peaches, in Turkey.
- South Africa is expected to be the fastest-growing PGR market in Africa during the forecast period. The major factors driving the growth of the South African market are the increase in the consumption of fruits, such as grapes and bananas, and the increasing income of farmers. Furthermore, increasing fruit cultivation in the country is also driving the market, and the same trend is expected to follow during the forecast period.
