The Plant Growth Regulators Market Research Report provides Industry analysis and evaluation of the current and prospective Market Size, Share, Trend and Growth during the study period (2014–2021).
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Plant growth regulators are natural or synthetic chemicals, which modify or control plant growth such as leave formation, ripening of fruit etc. They are complementary to the plant hormones produced naturally by plants. In the modern day agriculture, they are finding an extensive application by giving the farmer a control over plant growth. They are also specialized to enhance features like stress tolerance and drought resistance to plants, thus improving their chances of yielding in difficult conditions.
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Previously, due to their extensive use in herbal medicine cytokinins used to lead the global plant growth regulators market in terms of both demand and production. But, in the near future auxins are predicted to supercede cytokinins. The flourishing cotton textiles industries in many developing countries call for a huge demand of auxins. Hence, with the increasing demand of auxins from cotton textile industry, especially in Asia-Pacific their market is expected to witness a huge growth in the near future.
Major player assessed in the report is :
- Bayer CropScience
- Crop Care Limited
- NuFarm Limited
- Redox Industries Ltd.
- Sichuan Guoguang Agrochemical Co. Ltd.
The promotion of modern agriculture to sustain the increasing population combined with the government policies in various countries turning in favour of this market, have together supported the growth and expansion of this market. To the contrary, this market faces a tough competition from the well-established fertilizer market. But the overuse of fertilizers in the past has proven to be detrimental to soil and hence plant growth. Thus more policies are which are favouring bio based alternatives such as plant growth regulators are coming up. In addition, high demand of organic food is fuelling the growth of this market.
SEGMENTATIONS IN REPORT :
1. Plant Growth Regulators By Plant Hormones Groups :
- Others [Including Gibberellins And Abscisic Acid (ABA)]
2. Plant Growth Regulators By Geography :
- Asia Pacific
- North America
- Latin America
- Middle East And Africa
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