Plant Activators Market | Global Industry Analysis and Forecast to 2024

Market Insight

Global Plant Activators Market is expected to garner revenue of USD 880 million by 2024 with a CAGR of approximately 6% during the forecast period of 2019–2024. Plant activators of biological or chemical origin are substances that help in triggering the defense system in plants during biotic or abiotic stress conditions. The major determinant driving the market growth of plant activators is the significant loss of crop production due to various biotic and abiotic stress conditions such as pest attack, drought, heat, and fungal and bacterial diseases. The evolution of farming technologies, along with the increasing adoption of integrated pest management practices is also catalysing market growth.

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Competitive Analysis

Some of the Prominent Players in the Global Plant Activators Market are Syngenta (Switzerland), Isagro (Italy), Plant HealthCare (US), Alltech (US), Arysta Lifescience Corporation (US), Nihon Nohyaku Co. Ltd (Japan), Meiji Holdings Co. Ltd (Japan), Certis USA LLC (US), Gowan Company (US), Eagle Plant Protect Private Limited (India), Futureco Bioscience SA (Spain), NutriAg Inc. (Canada).

Market Segment

Global Plant Activators Market has been segmented based on source, form, crop type, mode of application, and region.

Based on Form, the global plant activators market has been classified as granules, solutions, and powders. The use of a particular form of plant activator depends on the crop; however, the use of solutions in the form of foliar sprays has been increasing in recent years due to ease of application.

On the basis of Crop Type, the market has been segmented into fruits and vegetables, cereals and grains, oilseeds and pulses, and turf and ornamentals.  Cereals and grains is expected to be the leading segment during the forecast period due to the high consumption of rice and wheat across the globe.

Regional Analysis

The market has been segmented with respect to five Regions – Europe, Asia-Pacific, North America, Latin America, and the Middle East & Africa. The European market held the largest share of the global market in 2017 and is expected to grow at a significant rate during the forecast period. Asia-Pacific is projected to be the second-largest and fastest-growing market during the review period. The North American market is expected to showcase moderate growth, while the markets in Latin America and the Middle East & Africa are expected to grow steadily during the forecast period.

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