Plant Growth Regulators Market

WILMINGTON, DELAWARE, USA, September 12, 2023/EINPresswire.com/ — Global Plant growth regulators market is expected to hit $7.4 billion by 2031 and register at a CAGR of 13.9% from 2022 to 2031. Plant growth regulators industry growth is driven by increasing requirement for food safety and security to fulfill population growth demands, increasing food and drought incidences, new product launches by the dominant player in the market, and innovations in agricultural methods.

๐†๐ž๐ญ ๐„๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/purchase-enquiry/318

Rising requirement for food safety and security to fulfill population growth demands, increasing food and drought incidences combined with dwindling arable area for cultivation, new product launches by the dominant player in the market, and innovations in agricultural methods drive the global plant growth regulators market. However, high cost of plant growth regulators and lack of understanding among farmers regarding plant growth regulators and their benefits hinder the global market growth. On the other hand, growing demand for medical crops, flowers, and seeds and increasing consumer awareness regarding importance of a healthy lifestyle will present new growth opportunities for the global plant growth regulators market in the coming years.

Based on type, the auxins segment contributed to the largest share of nearly one-third of the global plant growth regulators market in 2021, and is expected to maintain its leadership in terms of revenue during the forecast period. Auxin play an important role in regulation of plant growth. Also, they promote cell division, differentiation, and growth. It is used as a rooting hormone to regulate plant cell growth. Auxins are primarily used in tissue culture and plant propagation. However, cytokinins segment is projected to witness fastest CAGR of 14.8% from 2022 to 2031. Cytokinin have several advantages such as, delaying plant ageing and preventing leaf senescence. Depending on the crop and soil type, cytokinin are used to repair plant injuries. They play a role in branching and bud initiation. Cytokinin aid plants in dealing with stress, and encourage protein synthesis.

Based on crop type, the cereals segment contributed to the largest share of nearly one-third of the global plant growth regulators market in 2021, and is expected to maintain its leadership in terms of revenue during the forecast period. Rising population and changing consumer habits are driving up global demand for all crops, particularly cereals. Rising cereal production in Asian countries such as India and China is the result of significant improvements in crop production practices as well as increased availability of high-productivity cereal varieties. Moreover, fruits and vegetables segment is projected to witness the fastest CAGR of 14.9% from 2022 to 2031. The increasing global production of fruits and vegetables, as well as the growing popularity and demand for the use of PGRs in fruit and vegetable plants, favor market growth.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐๐ƒ๐… ๐๐ซ๐จ๐œ๐ก๐ฎ๐ซ๐ž: https://www.alliedmarketresearch.com/request-sample/318

Based on region, the market in Europe was the largest in 2021, accounting for nearly two-fifths of the global plant growth regulators market and is likely to maintain its dominance during the forecast timeframe. This is because plant growth regulators are increasingly being used by vegetables and fruits. Sustainable agriculture, food security, and rural development are all promoted by European countries.

However, Asia-Pacific is likely to show the fastest CAGR of 15.0% during the forecast period. This is due to countries like China and India which have the worldโ€™s highest rates of PGR adoption and have relied heavily on agrochemicals for crop nutrition, and protection. Moreover, the market is rapidly growing in nations including Indonesia, the Philippines, Thailand, and Vietnam as a result of rising agrochemical demand and consumer awareness of the productivity advantages of PGRs. These countries will most likely assist the Asia-Pacific region in maintaining its dominance during the forecast period.

๐–๐š๐ง๐ญ ๐ญ๐จ ๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐ก๐ž ๐’๐ญ๐š๐ญ๐ข๐ฌ๐ญ๐ข๐œ๐š๐ฅ ๐ƒ๐š๐ญ๐š ๐š๐ง๐ ๐†๐ซ๐š๐ฉ๐ก๐ฌ, ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌโ€™ ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐ž๐ฌ:
https://www.alliedmarketresearch.com/plant-growth-regulators-market/purchase-options

๐๐ฒ ๐“๐ฒ๐ฉ๐ž

Auxins
Gibberellins
Cytokinins
Absicisic Acid
Ethylene

๐๐ฒ ๐‚๐ซ๐จ๐ฉ ๐“๐ฒ๐ฉ๐ž
Cereals
Oilseeds and Pulses
Fruits and Vegetables
Turf and Ornamentals
Others

๐‹๐ž๐š๐๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

TATA chemicals limited
FMC Corporation
Bayer Crop Science AG
Nufarm
UPL Limited
BASF SE
Syngenta AG
Arysta Life science
Corteva Agriscience
Sumitomo Chemical Australia

๐’๐ข๐ฆ๐ข๐ฅ๐š๐ซ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

Plant Antifreeze Market: Global Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/plant-antifreeze-market

Artificial Turf Market: Global Opportunity Analysis and Industry Forecast, 2017-2023
https://www.alliedmarketresearch.com/artificial-turf-market

Bio Succinic Acid Market: Global Opportunity Analysis and Industry Forecast, 2020-2030
https://www.alliedmarketresearch.com/bio-succinic-acid-market

Polylactic Acid Market: Global Opportunity Analysis and Industry Forecast, 2021-2030
https://www.alliedmarketresearch.com/polylactic-acid-market

Agrochemicals Market: Global Opportunity Analysis and Industry Forecast, 2021-2030
https://www.alliedmarketresearch.com/agrochemicals-market

Agricultural Adjuvants Market: Global Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/agricultural-adjuvants-market-A17224

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn



Originally published at https://www.einpresswire.com/article/655220350/plant-growth-regulators-market-latest-trends-industry-growth-in-depth-analysis-region-opportunities-2021-2031

Previous articleCaring Partners’ Coats for Kids & Families seeks donations of winter coats through January 7, 2024
Next articleShadow-Soft Paves the Way for 2024 Success: Offers Free IT Stack Assessments and Expert Evaluation