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

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Market Insights

The South America plant growth regulators market is estimated to grow at the CAGR of 6.7% over the forecast period and the market value is expected to reach USD 613.9 million by 2022.

Market Dynamics

The organic food industry, which is growing at a healthy growth rate, and increased emphasis on sustainable farming are the major driving force of the plant growth regulators industry. Less awareness among the farmers about the use and application and low popularity of plant growth regulators as compared to chemical fertilizers are restraining the growth of 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.

The South America region is seen as an opportunity market for agrochemicals demand including plant growth regulators. Brazil is the major market in South America and is also expected to be the fastest growing at a CAGR of 7%.

Key Industry Players

Investment in research and development of cheap and effective products is the strategy adopted by market leaders. Product innovation is seen as a long-term strategy for the industry.

The major players in the market are:

  • Bayer Crop Science
  • DuPont
  • Nufarm Ltd.
  • FMC Corporation
  • Tata Chemicals Ltd.

Key Deliverables in the Study:

  • Market analysis for the South 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 South 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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