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Plant Growth Regulators Market - North America Market Shares, Forecasts and Trends (2020 - 2025)

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The North America plant growth regulators market is estimated to grow at the CAGR of 8.5% over the forecast period and the market value is expected to reach USD 1263.81 million by 2021.

Market Dynamics

The organic food industry, which is growing at a healthy growth rate, and stress from governments and government organizations on sustainable farming are the major driving force of the plant growth regulators industry. Less awareness among the farmers about the use and application is restraining the growth of the market. Regulatory constraints in terms of product specification and registration along with comparatively minimal product innovation in the sector may act as obstacles to the market.

Market Segmentation

Among all the growth regulators, cytokinins are widely consumed and account for around 40% of the market share. They are also the fastest growing segment 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 & vegetables.

North America is the second largest market and is expected to expand with increased supply of quality products from key players.

Key Industry Players

The key players in the market are focused on new product launches to cater to a wider consumer base and expand market share. Investment in research and development of cheap and effective products is another strategy adopted by market leaders.

Major North American Plant Growth Regulators Companies in the market are:

  • BASF SE
  • Bayer Crop Science
  • DuPont

Key Deliverables in the Study:

  • Market analysis for the North America plant growth regulators market, with region specific assessments and competition analysis on a regional scale.
  • Market definition along with the identification of key drivers and restraints
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market shares.
  • Identification and analysis of the macro and micro factors that affect the North America plant growth regulators market on a regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • Wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights into the major countries/regions in which this industry is growing and identifying the regions which are still untapped.

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