Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
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.
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.
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.
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.
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.
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.
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:
|
Breakup by Type |
|
Breakup by Crop Type |
|
Breakup by Application |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
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.
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124