Plant Growth Regulators Market Share Analysis and Research Report by 2025
Category: #reports  By Rahul Sankrityayan  Date: 2020-05-21
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Plant Growth Regulators Market Share Analysis and Research Report by 2025

Plant Growth Regulators Market will generate revenue of more than USD 9.7 billion by the end of 2025.With the advent of new agricultural practices, farmers have been trying to reduce the risk associated with the shortage of food across the globe. Genetically modified plants are also one of the inventions of researchers that are witnessing a positive impact on the food security and food safety initiatives implemented by the various regional governments. In fact, the researchers have been putting their efforts to increase the quantity of produce developed from existing farmlands.

Focusing on the adverse effect of climate change on the cultivation of crops, players in plant growth regulators market have lately been encouraging farmers to increase the productivity of crops. The rapidly growing population across the globe and the corresponding food production have come out to be inversely proportional. In accordance, several regulatory bodies and groups like the Food and Agriculture Organization (FAO) are also contributing toward controlling the hunger and food deficit across the globe.

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Given the growing awareness pertaining to healthy eating, nutrition, and organic foods, the worldwide surge in organic farming techniques has been one of the most significant growth drivers of the plant growth regulators market in the recent years. The fact that the plant growth regulators are defined as any organic compounds with low concentrations (1-10 ng / nl) in inhibiting, promoting, and modifying plant growth & development, has further accelerated the use of PGR as an substitute to synthetic chemicals in organic farming.
 
Further delving deeper, it is imperative to note that based on their actions, PGR are broadly classified into two groups: Plant growth inhibitors and Plant growth promoters. Abscisic acid and Ethylene are grouped into inhibitors while Gibberellins, Cytokinins , and Auxins are grouped into the promoters category. Amongst these, reports state that Cytokinins, accounting for the largest share in global plant growth regulators market in 2017, is further expected to gaining immense traction on account of massive food demand. Cytokinins PGR are used in major crops such as rice, barley, maize, soybean, and wheat where this PGR works as a growth stimulant as well as is useful in cell division and dormancy breaking.

The rapid development of the industrial as commercial projects across the Europe has majorly impacted the agricultural land usage, in turn impelling the government to promote the use of plant regulators for better crop yields within the available arable land. With such governmental backing and increased consumer awareness regarding the use of PGR, estimates claim that Europe accounted for the highest share in the regional landscape of the global plant growth regulators market in the year 2017.

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Asia Pacific forms another lucrative investment hub for the global PGR industry players, as some of the regional economies are highly dependent on their agricultural output. Several foreign firms and individual investors are betting big on the Asia Pacific PGR market, on the grounds favorable agricultural policies for farmers and agriculture practitioners in the region. With such initiatives further benefiting farm productivity and overall product awareness, APAC plant growth regulators industry share is anticipated to register the highest y-o-y growth over 2018-2025.

Industry Key players are BASF SE, DowDuPont, Syngenta AG, Bayer AG, Nufarm Limited, Nippon Soda Co Ltd, Tata Chemicals Ltd, Valent Biosciences LLC, Adama Agricultural Solutions Ltd, Arysta Lifescience

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About Author

Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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