South America Plant Growth Regulators Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.60 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Plant Growth Regulators Market Analysis
South America Plant Growth Regulators Market is projected to grow at a CAGR of 5.6% during the foreccast period (2020-2025). The increase in demand for sustainable agricultural practises is driving the market growth for plant growth regulators in the region. Less awareness among the farmers about the use and application of plant growth regulators is restraining the growth of the market. Cereals and oilseeds are the major consumers of plant growth regulators followed by fruits & Vegetables in the region.
South America Plant Growth Regulators Market Trends
This section covers the major market trends shaping the South America Plant Growth Regulators Market according to our research experts:
Aiding the Increase in Crop Profitability
Plant growth regulators have become popular across the region, as they aid in increased crop yields and better management of the crop. The application of plant growth regulators in the removal of excessive number of young fruits from pear trees is a common practice in orchard management, which must be done within 30 days of blooming. Thus, the availability of labor should align with this practice. Due to decreased labor force, plant growth regulators reduced the total biological yield but increased the portion of marketable yield and fruit size, thus, reducing the unmarketable produce. Additionally, it helped ease the use of mechanical harvesters, making harvesting easier and reducing the cost of human labor. This, in turn, has boosted the profitability of the crops, as more of the produce becomes marketable. Thus, the application of plant growth regulators yielded considerable success in the processes of plant development, such as flowering and fruit development, as well as ripening, harvesting, and post-harvesting of fruits and vegetables. Thus, plant growth regulators are aiding in the increase of crop production, further boosting the crop profitability.
Brazil Dominates the Market
Brazil is one of the major consumer of plant growth regulators in the region. The increased emphasis on sustainable agriculture is driving the market growth for plant growth regulators in the country. Cereals and oilseeds occupies the major share of plant growth regulators followed by fruits & vegetables in the country. Microquimica Tradecorp, NuFarm Ltd and Bayer crop science AG are some of the major players which have their presence in the country.
South America Plant Growth Regulators Industry Overview
BASF SE, Bayer crop science AG, Microquimica Tradecorp and NuFarm Ltd are some of the prominent players operating in the market studied. These companies are strengthening their positions by launching products that caters to the needs of the farmers in the region. For instance, In 2019, Nufarm Ltd launched its plant growth regulator brand Impulse in Brazil which mainly inhibits flowering, accelerating ripening and stimulating sugarcane sprouting and tillering.
South America Plant Growth Regulators Market Leaders
BASF SE
Bayer Crop Science AG
NuFarm Ltd
Microquimica Tradecorp
*Disclaimer: Major Players sorted in no particular order
South America Plant Growth Regulators Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Cytokinins
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5.1.2 Auxins
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5.1.3 Gibberlins
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5.1.4 Other Types
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5.2 Application
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5.2.1 Crop-based
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5.2.1.1 Grains and Cereals
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5.2.1.2 Pulses and Oilseeds
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5.2.1.3 Fruits and Vegetables
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5.2.1.4 Turf and Ornamentals
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5.2.1.5 Other Crops
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5.2.2 Non-crop-based
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5.2.2.1 Turf and Ornamental Grass
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5.2.2.2 Other Applications
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5.3 Geography
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5.3.1 Brazil
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5.3.2 Argentina
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5.3.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 BASF SE
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6.3.2 Bayer Crop Science AG
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6.3.3 NuFarm Ltd
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6.3.4 Microquimica Tradecorp
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6.3.5 Corteva Agriscience
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6.3.6 Valent BioSciences
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
South America Plant Growth Regulators Industry Segmentation
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 in South America.
| Type | |
| Cytokinins | |
| Auxins | |
| Gibberlins | |
| Other Types |
| Application | |||||||
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| Geography | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Plant Growth Regulators Market Research FAQs
What is the current South America Plant Growth Regulators Market size?
The South America Plant Growth Regulators Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)
Who are the key players in South America Plant Growth Regulators Market?
BASF SE, Bayer Crop Science AG, NuFarm Ltd and Microquimica Tradecorp are the major companies operating in the South America Plant Growth Regulators Market.
What years does this South America Plant Growth Regulators Market cover?
The report covers the South America Plant Growth Regulators Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Plant Growth Regulators Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Plant Growth Regulators Industry Report
Statistics for the 2024 South America Plant Growth Regulators market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Plant Growth Regulators analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
