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Global Plant Growth Regulators Market Size, Share, Forecast: By Type: Auxins, Ethylene, Gibberellins, Cytokinins, Abscisic Acid; By Crop Type: Fruits and Vegetables, Cereals, Oilseeds and Pulses, Turf and Ornamentals, Others; By Application: Plant Growth Promoters, Plant Growth Inhibitors; Regional Analysis; Competitive Landscape; 2024-2032
Global Plant Growth Regulators Market Outlook
The global plant growth regulators market size reached approximately USD 3.58 billion in 2023. The market is further projected to grow at a CAGR of 10.4% between 2024 and 2032, reaching a value of USD 8.71 billion by 2032.
Key Trends in the Market
Plant growth regulators refer to chemicals used for modifying plant growth including suppressing shoot growth, removing access fruit, increasing branching, altering fruit maturity, and increasing return bloom. These substances that activate at low concentrations can reduce plant stress and improve the crop yield.
- Rising focus on improving crop yield to meet the growing demand for food is aiding the plant growth regulators market growth. Plant growth regulators enhance the internal physiology of developing fruits, resulting in reduced fruit drop and improved fruit set.
- The crucial role of plant growth inhibitors in maintaining the size and shape of the plants and in controlling fruit production is boosting their utilisation in farming and agricultural practices. These regulators are mostly used on ornamental plants, tress, and flowers, that cannot be easily genetically altered.
- Changing weather patterns and rising requirement for disease management are further boosting the utilisation of plant growth regulators as they increase the tolerance of plants against various types of stresses and boost plant immunity and growth.
Market Analysis
Based on type, the plant growth regulators market segmentation includes auxins, ethylene, gibberellins, cytokinins, and abscisic acid. On the basis of crop type, the market is classified into fruits and vegetables, cereals, oilseeds and pulses, and turf and ornamentals, among others.
Based on applications, the market is bifurcated into plant growth promoters and plant growth inhibitors. On the basis of region, the market is categorised into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global plant growth regulators market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Sumitomo Chemical Co., Ltd
- BASF SE
- Syngenta Crop Protection, LLC
- Nufarm Ltd
- Bayer Crop Science AG
- Corteva, Inc.
- Tata Chemicals Limited
- United Phosphorus Ltd
- FMC Corporation
- WinField Solutions LLC
- Valent BioSciences Corporation
- Others
Market Share by Type
Cytokinin is expected to account for a significant plant growth regulators market share in the coming years as it stimulates protein synthesis and enhances the stress tolerance of the plants. It also increases cell expansion and promotes cell division during the expansion and proliferation stages of leaf cell development. During leaf senescence, cytokinin boosts chlorophyll synthesis, reduces sugar accumulation, and prolongs the photosynthetic period of the leaves. Cytokinin also influences several aspects of plant development and physiology and chloroplast differentiation.
Market Share by Region
As per the plant growth regulators market analysis, Europe is anticipated to account for a significant share of the market over the forecast period owing to the growing emphasis of various European countries on promoting rural development and ensuring food security. The high requirement for plant growth regulators can also be associated with the booming agricultural sector as auxin, cytokinin, and gibberellins are used in various farming practices. Additionally, the harsh weather conditions in various countries of the region coupled with the increasing population are also booting the plant growth regulators market demand for ensuring agricultural productivity.
Competitive Landscape
Sumitomo Chemical Co., Ltd is a chemical company that manufactures and markets crop protecting agents and plant nutrition and plant growth regulators and inhibitors, among others. The company was founded in 1913 and is headquartered in Tokyo, Japan.
BASF SE, headquartered in Ludwigshafen, Germany, is a chemical manufacturing company that was founded in 1865. Their portfolio comprises of segments including agricultural solutions, chemicals, surface technologies, materials, nutrition and care, and industrial solutions, among others.
Syngenta Crop Protection, LLC is a leading agriculture company that is known for producing innovative on-seed protection treatments that can protect crops from diseases and pests. The company is also known for developing herbicides, insecticides, and fungicides.
Other market players include Nufarm Ltd, Bayer Crop Science AG, Corteva, Inc., Tata Chemicals Limited, United Phosphorus Ltd, FMC Corporation, WinField Solutions LLC, and Valent BioSciences Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Crop Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Plant Growth Regulators Market Analysis
8.1 Key Industry Highlights
8.2 Global Plant Growth Regulators Historical Market (2018-2023)
8.3 Global Plant Growth Regulators Market Forecast (2024-2032)
8.4 Global Plant Growth Regulators Market by Type
8.4.1 Auxins
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Ethylene
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Gibberellins
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Cytokinins
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Abscisic Acid
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.5 Global Plant Growth Regulators Market by Crop Type
8.5.1 Fruits and Vegetables
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cereals
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Oilseeds and Pulses
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Turf and Ornamentals
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Plant Growth Regulators Market by Application
8.6.1 Plant Growth Promoters
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Plant Growth Inhibitors
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Plant Growth Regulators Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Plant Growth Regulators Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Plant Growth Regulators Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Plant Growth Regulators Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Plant Growth Regulators Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Plant Growth Regulators Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 380893)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Sumitomo Chemical Co., Ltd
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 BASF SE
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Syngenta Crop Protection, LLC
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Nufarm Ltd
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Bayer Crop Science AG
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Corteva, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Tata Chemicals Limited
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 United Phosphorus Ltd
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 FMC Corporation
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 WinField Solutions LLC
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Valent BioSciences Corporation
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Plant Growth Regulators Market: Key Industry Highlights, 2018 and 2032
2. Global Plant Growth Regulators Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Plant Growth Regulators Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Plant Growth Regulators Historical Market: Breakup by Crop Type (USD Billion), 2018-2023
5. Global Plant Growth Regulators Market Forecast: Breakup by Crop Type (USD Billion), 2024-2032
6. Global Plant Growth Regulators Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Plant Growth Regulators Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Plant Growth Regulators Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Plant Growth Regulators Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Plant Growth Regulators Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Plant Growth Regulators Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Plant Growth Regulators Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Plant Growth Regulators Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Plant Growth Regulators Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Plant Growth Regulators Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Plant Growth Regulators Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Plant Growth Regulators Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Plant Growth Regulators Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Plant Growth Regulators Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Major Exporting Countries by Value
21. Major Importing Countries by Value
22. Major Exporting Countries by Volume
23. Major Importing Countries by Volume
24. Global Plant Growth Regulators Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 3.58 billion in 2023.
The market is projected to grow at a CAGR of 10.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 8.71 billion by 2032.
The major market drivers include rising demand due to unpredictable weather patterns and growing utilisation in agricultural practices to meet the food demands of the increasing population.
The key trends fuelling the growth of the market include rising requirement for maintaining the size and shape of the plants and lowering the instances of fruit drop.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant types available in the market include auxins, ethylene, gibberellins, cytokinins, and abscisic acid.
The key players in the market are Sumitomo Chemical Co., Ltd, BASF SE, Syngenta Crop Protection, LLC, Nufarm Ltd, Bayer Crop Science AG, Corteva, Inc., Tata Chemicals Limited, United Phosphorus Ltd, FMC Corporation, WinField Solutions LLC, and Valent BioSciences Corporation, among others.
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