Friday, May 27 2022

Pune, India, April 05, 2022 (GLOBE NEWSWIRE) — The world Plant Growth Regulators Market the size was $3.23 billion in 2020. The market is expected to grow from $3.69 billion in 2021 for $7.16 billion by 2028 at a CAGR of 9.94% over the period 2021-2028. This information is provided by Fortune Business Insight™in its report entitled “Plant Growth Regulators Market, 2021-2028.”

Rising demand for high quality food grains is expected to amplify the demand for plant growth regulators over the mentioned period.

Impact of COVID-19

Troubles in supply chain management amid COVID-19 pandemic to slow growth

Farmers of all kinds have faced the influence of the COVID-19 disaster, from social distancing guidelines to travel constraints and market closures. From a utilization perspective, smallholder farmers in emerging countries are among those most at risk of an economic effect triggered by the COVID-19 pandemic, as even the slightest volatility in commodity prices can have significant effects on their business.

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List of Key Players Covered in the Plant Growth Regulators Market Report

  • BASF SE (Mannheim, Germany)
  • Bayer AG (Leverkusen, Germany)
  • Corteva, Inc. (Delaware, USA)
  • Syngenta AG (Basel, Switzerland)
  • Nufarm Ltd. (Melbourne, Australia)
  • Sumitomo Chemical Co.Ltd. (Ehime, Japan)
  • UPL Limited (Mumbai, India)
  • FMC Corporation (Pennsylvania, USA)
  • Tata Chemicals Ltd. (Mumbai, India)
  • Sichuan Guoguang Agrochemical Co., Ltd (Sichuan, China)

segments

On the basis of type, the market is categorized into cytokinins (CK), auxins, gibberellins, ethylene, and others. The cytokinin segment held a dominant market share in 2020.

By crop type, the market is categorized into grains, oilseeds & pulses, fruits & vegetables, turf & ornamentals, and others.

In terms of region, the global market is divided into North America, Europe, Asia-Pacific, South America, Middle East and Africa.

Report cover

We offer our reports which are led with a comprehensive review approach that mainly focuses on providing accurate material. Our researchers have applied a data browsing method which further helps us to offer reliable forecasts and accurately test the overall dynamics of the market. Additionally, our analysts have been admitted to several international catalogs and nationally funded to provide the up-to-date material so that stakeholders and business professionals only capitalize in fundamental areas.

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Determining factors

Growing demand for better crop productivity fueled by government sustenance

Growing need to fine-tune crop productivity combined with growing consumption across the globe is driving the growth of the plant growth regulators market. The COVID-19 pandemic has further amplified global grain demand. India, China, Russia, United States, Indonesia, Brazil, Argentina and France are among the major grain producing countries across the world. In addition, population growth and fluctuating consumer lifestyles are creating paramount demand for all kinds of crops, especially grains across the world. This is expected to drive the growth of the market.

Regional outlook

UK is expected to become a top market for plant growth regulators over the forecast period. France became the largest PGR market in Europe in 2020 with 21.97% plant growth regulator market share. The country is estimated to maintain its position during the forecast period.

The United States dominated the North American RPG market in 2020. Various producers are present in the American market.

Asia-Pacific is expected to show substantial growth prospects for the market, owing to the growth in flexible incomes and the refinement of living standards in the region.

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Detailed Table of Contents:

  • introduction
    • Search scope
    • Market segmentation
    • Research Methodology
    • Definitions and assumptions
  • Abstract
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • key ideas
    • Parent/Related Market Overview
    • Regulatory analysis
    • Industry SWOT Analysis
    • Qualitative analysis related to COVID-19
      • Impact of COVID-19 on the market
      • Supply chain challenges during a pandemic
      • Potential opportunities due to this global crisis
  • Global Plant Growth Regulators Market Analysis, Outlook and Forecast, 2017 – 2028
    • Main results/summary
    • Market size estimates and forecasts
      • By type
        • Cytokinins
        • Auxins
        • Gibberellins
        • Ethylene
        • Others
      • By crop type
        • Cereals
        • Oil seeds and pulses
        • Fruits and vegetables
        • Lawn and ornamental plants
        • Others
      • By region
        • North America
        • Europe
        • Asia Pacific
        • South America
        • Middle East and Africa

TOC Continued…!

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Competitive landscape

Inventive product launch statements by crucial players to boost market growth

Significant players are implementing numerous tactics to strengthen their position in the market as leading companies. One such notable ploy is to recruit companies to increase brand value among users. Another fundamental strategy is to intermittently present inventive products with a thorough study of the market and its target audience.

industry development

March 2021: Sumitomo Chemical Co., Ltd., a Japanese chemical company, introduced its new series of plant growth inhibitors in Brazil under the FYSIUM brand. The new product was designed to ripen apples and delay their post-harvest quality so they last longer.

Take a look at related research information:

crop protection chemicals market Analysis of the size, share and impact of COVID-19, by type (herbicides, insecticides, fungicides and others), by source (synthetic chemicals and biologicals), by mode of application (foliar spray, treatment soil treatment, seed treatment and others), By crop type and regional forecast, 2021-2028

Fruit Ripening Agents Market Size, Share and Industry Analysis, by Type (Ethylene, Ethrel, Propylene, Glycol, Calcium Carbide, Others), by Application (Climacteric Fruits, Non-Climacteric Fruits) and Regional Forecast, 2022-2029

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