The plant growth regulators market was valued at USD 1.98 Billion in 2017 and is projected to grow at a CAGR of 6.9% from 2017, to reach USD 2.93 Billion by 2024. Plant growth regulators are large chemical substances that influence the growth and differentiation of plant cells, tissues, and organs entirely. Plant growth regulators function as chemical messengers for intercellular communication.
Global Plant Growth Regulators Market Share, By type, the plant growth regulators market was led by the cytokinins segment in 2017. It provides benefits such as delayed plant ageing and prevention of leaf senescence. Cytokinins also find extensive usage in North American countries.
Europe and the Asia Pacific are the dominant regions in the plant growth regulators market. Owing to the decreasing agricultural land in Europe, optimisation of available arable land has gained increasing importance in the area, increasing the demand for plant growth regulators. Significant countries contributing significantly toward the growth of the Asia Pacific region include
The global demand for plant growth regulators is increasing significantly due to growing demand for organic food. The market is further driven by factors such as a rise in the need for food security for the growing population, advancement in farming practices & technologies, and great opportunities in developing countries.
Global Plant Growth Regulators Market has been segmented by Type, Crop Type, Formulation, and Function. The region has further segmented it into North America, Europe, Asia-Pacific, South America, Middle East and Africa.
Global Plant Growth Regulators Market Outlook, In North America and Europe, health concerns are driving the demand for fruits & vegetables, as consumers prefer healthier and more nutritious options in their diet. The increasing demand for organic food is further expected to boost the market in the Asia Pacific region also.
Global Plant Growth Regulators Market Trends:
Global Plant Growth Regulators Market Trends, BASF, and SINOPEC
Global Plant Growth Regulators Market Research Report Includes:
Starting from $2700
Starting from $2700
Starting from $2700
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