Global Plant Growth Regulators Market Size, Trends, and Growth Opportunity, By Type ( Auxins, Cytokinins, Gibberellins, Ethylene, Others), By Crop Type (Cereals and Grains, Fruits and Vegetables, Oilseeds and Pulses, Turf, Ornamentals), By Formulation (Water-Dispersible, Water-Soluble Granules, Wettable Powders, Solutions), By Function (Promoters, Inhibitors), By Region and forecast till 2027.
Global Plant Growth Regulators Market
The global Plant Growth Regulators market was valued at USD 3.48 billion in 2021 and is expected to expand USD 7.17 billion at a CAGR of 9.95 % during the forecast period 2022- 2027.
Plant growth regulators are chemical compounds regulating the development and isolation of plant cells, tissues, and organs. They influence a variety of physiological functions by promoting plant cell division and cell expansion and allowing cells to communicate with one another.
Market Drivers
The increasing need to enhance crop productivity due to the growing population, and shrinkage of arable land increases the demand for food and acts as a major factor in driving market growth.
The changing lifestyle and growing awareness among farmers regarding the benefits of organic foods and technological advancement propelling the growth of the plant growth regulators market.
Market Restraints
The high cost associated with the regulatory requirement of plant growth regulators hinders the growth of the market. Additionally, the rising prevalence of plant growth regulator substitutes like fertilizers anticipated the growth of the global plant growth regulators Market.
COVID-19 Impact on Plant Growth Regulators Market
The outbreak of covid-19 adversely impacted the market as the lockdown is imposed by the government and strict regulations caused a shutdown of the manufacturing sector and disruption in the supply chain of raw materials. The unavailability of labor reduces agricultural activities which decreases the demand for plant growth regulators to some extent during a pandemic.
Impact of Russia Ukraine War on the Market
The conflict between Russia and Ukraine can have both direct and indirect impacts on the Plant Growth Regulators market:
Disruptions in the supply chain: Many plant growth regulators manufacturers source components from Russia and Ukraine. The war may cause supply chain disruptions and delays, affecting Plant Growth Regulators' production and delivery.
Economic sanctions: Economic sanctions imposed on Russia may have an impact on the overall economy, as well as demand for plant growth regulators in the region.
Market Segmentation
The Global Plant Growth Regulators Market is segmented on the basis of Type, Crop Type, Formulation, Function, And Region.On the basis of Type, it is segmented into Auxins, Cytokinins, Gibberellins, Ethylene, and Others. On the basis of Crop Type, it is segmented into Cereals and Grains, Fruits and Vegetables, Oilseeds and Pulses, Turf, and Ornamentals. On the basis of Formulation, it is segmented into Water-Dispersible, Water-Soluble Granules, Wettable Powders, and Solutions. Based on Function, it is segmented into Promoters and Inhibitors. Based on Region, it is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Regional Analysis
The Global Plant Growth Regulators Market is segmented into five regions North America, Europe, Asia Pacific, Latin America, and MEA. Europe dominates the market due to the rising consumption of organic food and the growing adoption of sustainable farming in this region. Asia-Pacific also witnessed a significant rise in the global Plant Growth Regulators market during the forecast period 2022-2027.
Key Players
Various key players are listed in this report such as Nufarm Canada, Dow, Syngenta Crop Protection AG, ADAMA India Private Limited, NIPPON SODA CO Ltd, FMC Corporation, Bayer AG, BASF SE, Valent BioSciences LLC, Arysta LifeScience Corporation.
Market Taxonomy
By Type
• Auxins
• Cytokinins
• Gibberellins
• Ethylene
• Others
By Crop Type
• Cereals and Grains
• Fruits and Vegetables
• Oilseeds and Pulses
• Turf
• Ornamentals
By Formulation
• Water-Dispersible
• Water-Soluble Granules
• Wettable Powders
• Solutions
By Function
• Promoters
• Inhibitors
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Plant Growth Regulators Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Plant Growth Regulators Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Plant Growth Regulators Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Plant Growth Regulators Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Plant Growth Regulators Market Share Analysis, By Type
5.3 Plant Growth Regulators Market Size and Forecast, By Type
5.3.1 Auxins
5.3.2 Cytokinins
5.3.3 Gibberellins
5.3.4 Ethylene
5.3.5 Others
6 Plant Growth Regulators Market, Crop Type
6.1 Y-o-Y Growth Comparison, Crop Type
6.2 Plant Growth Regulators Market Share Analysis, Crop Type
6.3 Plant Growth Regulators Market Size and Forecast, Crop Type
6.3.1 Cereals and Grains
6.3.2 Fruits and Vegetables
6.3.3 Oilseeds and Pulses
6.3.4 Turf
6.3.5 Ornamentals
7 Plant Growth Regulators Market, By Formulation
7.1 Y-o-Y Growth Comparison, By Formulation
7.2 Plant Growth Regulators Market Share Analysis, By Formulation
7.3 Plant Growth Regulators Market Size and Forecast, By Formulation
7.3.1 Water-Dispersible
7.3.2 Water-Soluble Granules
7.3.3 Wettable Powders
7.3.4 Solutions
8 Plant Growth Regulators Market, By Function
8.1 Y-o-Y Growth Comparison, By Function
8.2 Plant Growth Regulators Market Share Analysis, By Function
8.3 Plant Growth Regulators Market Size and Forecast, By Function
8.3.1 Promoters
8.3.2 Inhibitors
9 Plant Growth Regulators Market, By Region
9.1 Plant Growth Regulators Market Share Analysis, By Region
9.2 Plant Growth Regulators Market Share Analysis, By Region
9.3 Plant Growth Regulators Market Size and Forecast, By Region
10 North America Plant Growth Regulators Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 North America Plant Growth Regulators Market Share Analysis, By Type
10.3 North America Plant Growth Regulators Market Size and Forecast, Crop Type
10.4 North America Plant Growth Regulators Market Size and Forecast, By Formulation
10.5 North America Plant Growth Regulators Market Size and Forecast, By Function
10.6 North America Plant Growth Regulators Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Plant Growth Regulators Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Europe Plant Growth Regulators Market Share Analysis, By Type
11.3 Europe Plant Growth Regulators Market Size and Forecast, Crop Type
11.4 Europe Plant Growth Regulators Market Size and Forecast, By Formulation
11.5 Europe Plant Growth Regulators Market Size and Forecast, By Function
11.6 Europe Plant Growth Regulators Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4. Rest of Europe
12 Asia Pacific Plant Growth Regulators Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Asia Pacific Plant Growth Regulators Market Share Analysis, By Type
12.3 Asia Pacific Plant Growth Regulators Market Size and Forecast, Crop Type
12.4 Asia Pacific Plant Growth Regulators Market Size and Forecast, By Formulation
12.5 Asia Pacific Plant Growth Regulators Market Size and Forecast, By Function
12.6 Asia Pacific Plant Growth Regulators Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13 Latin America Plant Growth Regulators Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Latin America Plant Growth Regulators Market Share Analysis, By Type
13.3 Latin America Plant Growth Regulators Market Size and Forecast, Crop Type
13.4 Latin America Plant Growth Regulators Market Size and Forecast, By Formulation
13.5 Latin America Plant Growth Regulators Market Size and Forecast, By Function
13.6 Latin America Plant Growth Regulators Market Size and Forecast, Country
13.6.1. Brazil
13.6.2. Rest of Latin America
14 Middle East Plant Growth Regulators Market Analysis and Forecast (2022 – 2027)
14.1 Introduction
14.2 Middle East Plant Growth Regulators Market Share Analysis, By Type
14.3 Middle East Plant Growth Regulators Market Size and Forecast, Crop Type
14.4 Middle East Plant Growth Regulators Market Size and Forecast, By Formulation
14.5 Middle East Plant Growth Regulators Market Size and Forecast, By Function
14.6 Middle East Plant Growth Regulators Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.2. UAE
14.6.3. Egypt
14.6.4. Kuwait
14.6.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Nufarm Canada
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Dow, Syngenta Crop Protection AG
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 ADAMA India Private Limited
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 NIPPON SODA CO Ltd
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 FMC Corporation
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Bayer AG
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7. BASF SE
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Valent BioSciences LLC
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Arysta LifeScience Corporation
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
