Plant Growth Regulators Market will witness tremendous growth over the forecast timeframe

Focusing on the adverse effect of climate change on the cultivation of crops, players in plant growth regulators market have lately been encouraging farmers to increase the productivity of crops. The rapidly growing population across the globe and the corresponding food production have come out to be inversely proportional. In accordance, several regulatory bodies and groups like the Food and Agriculture Organization (FAO) are also contributing toward controlling the hunger and food deficit across the globe.

More precisely, they have been trying to enhance the food security and sustainably nourish the global populace by encouraging people to use advanced technologies and appropriate plant growers for cultivating crops. In addition, several companies contributing to the plant growth regulators industry have been partnering with farmers to educate them about the use of mechanization and better seeds for fulfilling future food needs.

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The increasing awareness among the farmers about the benefits and use of plant health boosters is likely to propel the plant growth regulators market share. With the advent of new agricultural practices, farmers have been trying to reduce the risk associated with the shortage of food across the globe. Genetically modified plants are also one of the inventions of researchers that are witnessing a positive impact on the food security and food safety initiatives implemented by the various regional governments. In fact, the researchers have been putting their efforts to increase the quantity of produce developed from existing farmlands.

Asia Pacific forms another lucrative investment hub for the global plant growth regulators market players, as some of the regional economies are highly dependent on their agricultural output. Several foreign firms and individual investors are betting big on the Asia Pacific plant growth regulators market, on the grounds favorable agricultural policies for farmers and agriculture practitioners in the region. With such initiatives further benefiting farm productivity and overall product awareness, APAC plant growth regulators industry share is anticipated to register the highest y-o-y growth over 2018-2025.

Given the growing awareness pertaining to healthy eating, nutrition, and organic foods, the worldwide surge in organic farming techniques has been one of the most significant growth drivers of the plant growth regulators market in the recent years. The fact that the plant growth regulators are defined as any organic compounds with low concentrations (1-10 ng / nl) in inhibiting, promoting, and modifying plant growth & development, has further accelerated the use of PGR as an substitute to synthetic chemicals in organic farming.

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Further delving deeper, it is imperative to note that based on their actions, PGR are broadly classified into two groups: Plant growth inhibitors and Plant growth promoters. Abscisic acid and Ethylene are grouped into inhibitors while Gibberellins, Cytokinins , and Auxins are grouped into the promoters category. Amongst these, reports state that Cytokinins, accounting for the largest share in global plant growth regulators market in 2017, is further expected to gaining immense traction on account of massive food demand. Cytokinins PGR are used in major crops such as rice, barley, maize, soybean, and wheat where this PGR works as a growth stimulant as well as is useful in cell division and dormancy breaking.

The plant growth regulators market comprises of many large multinational players. Some of the prominent players operating in the industry are DowDuPont, BASF SE, Syngenta AG, Nufarm Limited, Bayer AG, Nippon Soda Co., Ltd., Valent Biosciences LLC, Tata Chemicals Ltd, Arysta Lifescince and Adama Agricultural Solutions Ltd. In October 2017, BASF SE announced the biggest acquisition in its 152 years history. It acquired significant part of Bayer’s seed and non-selective herbicide business in USD 7.03 billion. After this acquisition, BASF entered first time in seed business.

Plant growth regulators market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:

Plant Growth Regulators (PGR) Market, product by application
o Cytokinins
o Fruits & vegetables
o Cereals & grains
o Oil seeds & pulses
o Turf & ornaments
o Auxins
o Fruits & vegetables
o Cereals & grains
o Oil seeds & pulses
o Turf & ornaments
o Gibberlins
o Fruits & vegetables
o Cereals & grains
o Oil seeds & pulses
o Turf & ornaments
o Ethylene
o Fruits & vegetables
o Cereals & grains
o Oil seeds & pulses
o Turf & ornaments
o Other
o Fruits & vegetables
o Cereals & grains
o Oil seeds & pulses
o Turf & ornaments

Plant Growth Regulators (PGR) Market by application
o Fruits & vegetables
o Cereals & grains
o Oil seeds & pulses
o Turf & ornaments

The above information is provided on a regional and country basis for the following:
o North America
o U.S.
o Canada
o Europe
o Germany
o UK
o France
o Spain
o Italy
o Russia
o APAC
o China
o India
o Japan
o Australia
o Indonesia
o Malaysia
o LATAM
o Brazil
o Mexico
o MEA
o South Africa
o Saudi Arabia
o UAE

Browse key industry insights spread across 205 pages with 204 market data tables & 18 figures & charts from the report, “Plant Growth Regulators Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/plant-growth-regulators-market

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