Stratview Research has recently published a report on the Plant Growth Regulators Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.
The market is segmented by Product Type (Cytokinins, Auxins, Gibberlins, and Ethylene), Application Type (Fruits & Vegetables, Cereals & Grains, Oil Seeds & Pulses, and Turf & Ornaments), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Plant Growth Regulators Market Analysis:
Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Plant Growth Regulators Market was expected to grow from USD 2.08 billion in 2021 to reach USD 3.58 billion by 2028 at a healthy CAGR of 7.98% during the forecast period of 2022-2028.
These factors are expected to boost the demand for the market in the coming year:
- Increasing investment in the agriculture sector globally And increasing the trend of organic farming.
- Global demand for all types of crops, like cereals, etc. is rising as a result of the rapidly increasing population, and changing consumer lifestyles.
- Due to the growing demand for the use of PGRs in fruit plants, the global trade and production of fruits are expanding.
Some of the companies drive the market growth:
- Adama Agricultural Solutions Ltd.
- BASF SE
- Arysta Lifescience Corporation
- Bayer AG
- DuPont de Nemours, Inc.
- Nippon Soda Co Ltd.
- Nufarm Limited
- Syngenta AG
- Tata Chemicals Ltd.
- Valent Biosciences LLC.
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The market is segmented as cytokinins, auxins, gibberlins, and ethylene. Cytokinin is estimated to be the largest product type in the market over the forecast period on account of its wide range of applications, making it useful in cell division, delay in senescence, dormancy breaking, and also being a growth stimulant.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
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