Market Definition: Plant Growth Regulators Market
The Global Plant Growth Regulators Market is expected to rise from its initial estimated value of USD 5.32 billion in 2018 to an estimated value of USD 9.15 billion by 2026 registering a CAGR of 7.0% in the forecast period of 2019-2026.
Plant growth regulators are organic substances other than the nutrients which affects the physiological process of plant in their growth and development. These regulators are applied in less concentration and are obtained naturally or synthetically. They improves the process of target plants such as improves quality of the fruits, elongation, increases yield and facilitate towards harvesting. The regulators are used in the elongation, budding, stimulating, promoting and inhibiting the growth of different parts of plants.
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Key Market Competitors: Plant Growth Regulators Market
Few of the major competitors are BASF SE, The Dow Chemical Company, Syngenta, FMC Corporation, Nufarm Limited, Bayer AG, NIPPON SODA CO., LTD, Tata Chemicals Ltd., Valent BioSciences LLC, Xiny(H.K.) Industrial Co., Ltd, ADAMA India Private Limited, Arysta LifeScience Corporation, Sumitomo Chemical Co., Ltd., WinField Solutions, LLC, Redox Industries Limited, Sichuan Guoguang agrochemical co.,ltd, Excel Crop Care Ltd. and Fine Americas, Inc and others.
This market report is made out of a bunch of elements that have an effect available and incorporate industry insight and critical achievement factors (CSFs), market segmentation and esteem chain investigation, industry dynamics, market drivers, market limitations, key opportunities, innovation and application standpoint, nation level and regional analysis, competitive landscape, organization market share analysis and key organization profiles. The market report defines CAGR value fluctuation during the forecast period of 2018-2026 for the market.
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Major Market Drivers & Restraints are as follows:
- Growing awareness towards the green technology
- Government initiatives towards the plantation
- Demand of the organic food by consumers
- Stringent regulation of government for the approval of products
- High cost of the organic foods
Market Segmentation: Plant Growth Regulators Market
- By Types
- Abscisic Acid
- Growth Retardants
- Growth Inhibitors
- By Formulation
- Water-Dispersible & Water-Soluble Granules
- Wettable Powders
- By Function
- Growth Stimulators
- By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Cotton Seed
- Fruits & Vegetables
- Turf & Ornamentals
- Cereals & Grains
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The global plant growth regulators market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of plant growth regulators market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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