Plant Growth Regulators Market Growth, Market Insights and Forecast to 2025Posted by rekha on October 31st, 2019
“The Global Plant Growth Regulators Market was valued at US$ 1,679.4 Mn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to increasing consumer shift towards organic foods” Precision Business Insights (PBI) in its report titled “Global Plant Growth Regulators Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. The global plant growth regulators market was valued at US$. 1,679.4 Mn in 2018 and growing at a CAGR of 5.2% over the forecast period owing to increasing productivity concerns for agriculturalists has enforced farmers to implement innovative procedures like organic farming & practice of agrochemicals to safeguard crop protection and also to lessen costs which is the major driving factor of the market. Increasing food exports and imports, long-term usage of fertilizers and rising awareness among the farmers regarding the plant health and productivity are expected to drive the growth of the market. Decrease in agricultural land each year is likely to increase the demand for the organic foods. However, stringent regulatory policies and high cost of products and lack of awareness are expected to restrain the growth of the market. Global plant growth regulators market segmented on the basis of type, crop type, and region. Request for Sample Report @ https://www.precisionbusinessinsights.com/request-sample?product_id=16815
Gibberellins segment accounted for higher revenue share Based on type, global plant growth regulators market segmented into Gibberellins, Cytokinins, Auxins, Abscisic acid, and Ethylene. Gibberellins segment accounted for the largest market share in 2018 with respect to revenue owing to the benefits of the gibberellins that is a plant hormones that regulates the cell division and cell elongation of plants. These also enriches the fruit production by shelving the senescence in fruits. Europe holds leading position in Global Plant Growth Regulators Market
PBI’s global plant growth regulators market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, Europe is expected to account for larger revenue share in 2018 and the same trend is projected to follow over 2019-2025 owing to the rising activities of organic agriculture, upsurge in availability of land for the organic practices. Increasing demand for food in the region is expected to create lucrative opportunities over the forecast years. Agricultural land in India is expected to decrease in future years and the demand for plant growth regulators is expected to grow with a significant CAGR over the forecast years. Recent Developments in the Global Plant Growth Regulators Market
Key player’s profiles in the report are Syngenta AG (Switzerland), FMC Corporation (U.S.), The Dow Chemical Company (U.S.), Nufarm Limited (Australia) and BASF SE (Germany). Detailed Segmentation
By Type o Gibberellins o Cytokinins o Auxins o Abscisic acid o Ethylene By Crop Type o Cereals & Grains o Oilseeds & Pulses o Turf & Ornamentals o Fruits & Vegetables o Others Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
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