Global plant growth regulators market is anticipated to grow at a moderate CAGR of 13.1% during the forecast period (2024-2031). The market growth is attributed to the increasing superior product technology and high plant growth regulators usage per hectare of cultivated area globally driving the growth of the market. Plant growth regulators are growing increasingly in demand as sustainable farming methods, such as organic farming, gain greater popularity. These regulators support sustainability objectives by maximizing plant growth and reducing environmental impact. According to the Food and Agriculture Organization (FAO), in 2021, the global utilization of PGRs surged from 29,419.52 tons in 2003 to 745,667.62 tons in 2021.
Plant growth regulators (PGRs) are used to change a plant’s development in a variety of ways, including promoting branching, decreasing shoot growth, increasing return bloom, removing extra fruit, or changing the maturity of the fruit. For instance, in July 2021, Sumitomo Chemical received US regulatory approval for the registration of its new plant growth regulator (PGR) AccedeTM (active ingredient 1-aminocyclopropane-1-carboxylic acid (ACC)), for the improvement of fruit quality for peaches and apples. Once Accede is applied to the crop, the active ingredient ACC is converted to ethylene*3, a substance that accelerates fruit drop, within the crop and does not remain in the fruit at harvest.
To provide much-needed solutions for farmers to overcome local and crop system-specific pest pressures, climate challenges, changing regulatory requirements, and rising consumer expectations market players are investing to improve outcomes for crops. For instance, in March 2023, BASF SE invested €7.5 billion ($8.1 billion) in its innovations to improve outcomes for major regional crops. BASF is advancing several weed management solutions, matching new plant growth regulators’ modes of action active ingredients with innovative traits and precision farming technologies in major crops such as soybean.
To Request a Sample of our Report on Plant Growth Regulators Market: https://www.omrglobal.com/request-sample/plant-growth-regulators-market
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Function
- By Formulation
- By Hormones Type
- By Crop Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- BASF SE, Bayer AG, Nippon Soda Co., Ltd., Sumitomo Chemical Co., Ltd., Syngenta Corp. among others.
Plant Growth Regulators Market Report Segment
By Function
- Plant Growth Inhibitors
- Plant Growth Promoters
By Formulation
- Water-dispersible & Water-Soluble Granules
- Wettable Powder
- Solutions
By Hormones Type
- Cytokinins
- Auxins
- Gibberellins
- Ethylene
- Others (Abscisic Acid (ABA))
By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Turf & Ornamentals
A full Report of Plant Growth Regulators Market is Available @ https://www.omrglobal.com/industry-reports/plant-growth-regulators-market
Plant Growth Regulators Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Agriplex
- Corteva Agriscience™
- Crystal Crop Protection Ltd.
- DeSangosse
- DHANUKA AGRITECH LTD.
- Dora Agri-Tech
- Indigo Ag Inc.
- Philagro
- Royal Brinkman
- Sichuan Guoguang Agrochemical Co., Ltd.
- Sipcam Oxon S.p.A.
- Tata Chemicals Ltd.
- Tokyo Chemical Industry Co., Ltd.
- Valent U.S.A. LLC
- WinField United (Land O’Lakes, Inc.)
- Zagro
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/plant-growth-regulators-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
