[180 Pages Report] The Plant Growth Regulators Market size was estimated at USD 3.34 billion in 2023 and expected to reach USD 3.56 billion in 2024, at a CAGR 7.13% to reach USD 5.41 billion by 2030.
Plant growth regulators (PGRs) are compounds that manipulate plant growth by boosting branching, limiting shoot growth, increasing return bloom, eliminating surplus fruit, or changing fruit maturity. Plant growth regulators alter a crop’s response to internal and external factors that regulate development from germination to vegetative growth, reproductive development, and senescence or aging. The growing preference for sustainable agricultural practices, favorable government initiatives, and the surging need to enlarge crop productivity are driving factors for the plant growth promoters market. However, limited awareness of the products and a stringent approval process may hinder market development. Nevertheless, the escalating use of nano-fertilizers and ongoing research activities for developing advanced plant growth regulators may create lucrative opportunities for the market in the forecast period.
Regional Insights
The American plant growth regulators (PGR) market witnessed significant growth prospects owing to the rapid focus on the organic food industry and sustainable farming practices across the region. The presence of major native players in the region and the continuous expansion of innovative product portfolios has created lucrative scope for the market in America. According to the Observatory of Economic Complexity (OEC), the leading exporters of vegetable Products in 2021 were the United States, Brazil, the Netherlands, China, and Canada, expanding the market scope in America. On the other hand, the emerging research studies across the European nation contribute to keeping the industry updated on product requirements and the newest product improvements through continual research on PGRs. Large-scale agricultural activity in countries such as India and China has resulted in well-established market potential in the Asia-Pacific area. Furthermore, favorable government subsidies and initiatives for improved plant productivity and enhancement have broadened the region’s market scope. Moreover, countries such as Indonesia, the Philippines, Thailand, and Vietnam are experiencing rapid market growth due to increased awareness of the productivity benefits of PGRs and increased demand for agrochemicals.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Plant Growth Regulators Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Plant Growth Regulators Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Plant Growth Regulators Market, highlighting leading vendors and their innovative profiles. These include ADAMA Agricultural Solutions Limited, Arysta LifeScience Corporation, Awiner Biotech, Barclay Chemicals Manufacturing Limited, BASF SE, Bayer AG, BioWorks Inc., Corteva Agriscience, Dhanuka Agritech Limited, Dharmaj Crop Guard Limited, DowDuPont Inc., Eastman Chemical Company, Excel Crop Care Ltd., Fine Americas Inc., FMC Corporation, Gold Biotechnology, Inc., Helena Chemicals Inc, Kalyani Industries Limited., Loveland Products Inc, Merck KGaA, Nippon Soda Co., Ltd., Nufarm Ltd., PBI-Gordon Corporation by PBI-Gordon Companies, Inc., Peptech Biosciences Ltd., PhytoTech Labs, Inc., Platform Specialty Products Corp (Albaugh LLC), PROXIMA BIO-TECH PVT LTD., Redox Industries Limited, SePRO Corporation, Sipcam Agro USA, Inc, Sumitomo Chemical Co., Ltd., Syngenta Crop Protection AG, Tata Chemicals Ltd., United Phosphorus Inc., UPL Europe Ltd., Valent Biosciences LLC, Volkschem Crop Science Pvt. Ltd., Wilbur-Ellis Company, WinField United. by Land O’Lakes, Inc., and Zagro.
Market Segmentation & Coverage
This research report categorizes the Plant Growth Regulators Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Type
- Abscisic acid (ABA)
- Auxins
- Cytokinins
- Ethylene
- Gibberellins
- Form
- Solutions
- Tablets
- Water-dispersible Granules
- Wettable Powders
- Function
- Plant Growth Inhibitors
- Plant Growth Promoters
- Crop Type
- Cereals & Grains
- Corn
- Rice
- Wheat
- Fruits & Vegetables
- Oilseeds & Pulses
- Cotton Seed
- Soybean
- Sunflower
- Turf & Ornamentals
- Cereals & Grains
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Plant Growth Regulators Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Plant Growth Regulators Market?
- What are the technology trends and regulatory frameworks in the Plant Growth Regulators Market?
- What is the market share of the leading vendors in the Plant Growth Regulators Market?
- Which modes and strategic moves are suitable for entering the Plant Growth Regulators Market?
US $
Euro €
GBP £