Plant Growth Regulators Market Expectation Surges with Rising Demand With Top Companies |BASF SE, Bayer AG, DowDuPont

Market Research Future Insights

According to MRFR analysis, the global plant growth regulators market is expected to register a CAGR of 10.2% from 2023 to 2030 and hold a value of over USD 6.7 billion by 2030.

Plant growth regulators, also known as plant hormones or phytohormones, are chemicals that regulate plant growth and development. They are used in agriculture to enhance crop growth, increase yield, and improve quality. The global plant growth regulators market is driven by several factors, including increasing demand for food, rising population and income levels, and the need for sustainable agriculture practices.

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Key Players

Some of the key market players are China National Chemical Agrochemical Corporation, Platform Specialty Products Corporation, BASF SE, Bayer AG, DowDuPont, NIPPON SODA CO. LTD., Nufarm Limited, Sumitomo Chemical Co. Ltd., FMC Corporation, Tata Chemicals Ltd., and Xiny Industrial Co. Ltd.

Market Segmentation

The Global Plant Growth Regulators market has been segmented into Crop Type, Product Type, and Mode of Application.

Based on the Crop Type, the market has been segmented into Pulses And Oilseeds, Fruits & Vegetables, and Turf & Ornamentals.

Based on the Product Type, the market has been segmented into Auxins, Gibberellins, and Ethylene.

Based on the Mode of Application, the market has been segmented into Fertigation and Foliar 

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Regional Analysis

Asia Pacific is currently the largest market for plant growth regulators, driven by the large population and increasing demand for food in countries such as China, India, and Japan. The region is also home to some of the largest manufacturers of plant growth regulators such as Valent BioSciences, BASF SE, and Bayer AG.

North America is another significant market for plant growth regulators, with countries such as the United States and Canada leading the way. The demand for plant growth regulators in North America is driven by the increasing demand for high-quality crops and the need for sustainable agricultural practices.

Europe is also a significant market for plant growth regulators, with countries such as Germany, France, and the UK leading the way. The demand for plant growth regulators in Europe is driven by the increasing demand for organic and sustainable agriculture practices.

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