$2.9 Billion Plant Growth Regulators Market by Type, Crop Type, Formulation, Function, and Region - Global Forecast to 2022

Dublin, Dec. 14, 2017 (GLOBE NEWSWIRE) -- The "Plant Growth Regulators Market by Type (Auxins, Cytokinins, Gibberellins, Ethylene), Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, Turf & Ornamentals), Formulation, Function, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The plant growth regulators market is estimated to be valued at USD 2.11 Billion in 2017 and is projected to reach a value of USD 2.93 Billion by 2022, at a CAGR of 6.8% during the forecast period.
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 rise in the need for food security for the growing population, advancement in farming practices & technologies, and high opportunities in developing countries.

On the basis of type, the plant growth regulators market was led by the cytokinins segment in 2016. It provides benefits such as delayed plant ageing and prevention of leaf senescence. Cytokinins also find wide usage in North American countries.

The plant growth regulators market, on the basis of crop type, is segmented into fruits & vegetables, cereals & grains, oilseed & pulses, and turf & ornamentals. The fruits & vegetables segment had the second-largest market share; this can be attributed to growing health consciousness among consumers and rising incomes have boosted the consumption of a wide variety of products, particularly fruits & vegetables. 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 market, based on formulation, is segmented into water-dispersible & water-soluble granules, solutions, and wettable powders. The water-dispersible & water-soluble granules segment had the largest market share. Water-dispersible granules provide greater stability and ease in handling during supply chain activities and it is projected to be the fastest-growing formulation in the plant growth regulators market in agriculture.

Europe and Asia Pacific are the dominant regions in the plant growth regulators market. Owing to the decreasing agricultural land in Europe, optimization of available arable land has gained increasing importance in the region, increasing the demand for plant growth regulators. Major countries contributing significantly toward the growth of the Asia Pacific region include China, Japan, India, and Australia & New Zealand. The rising investment in agricultural activities in developing countries contribute to the growing demand for plant growth regulators in the Asia Pacific region. The increasing demand for organic food is further expected to further boost the market in the Asia Pacific region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Market Opportunities for Plant Growth Regulator Manufacturers
4.2 Plant Growth Regulators Market Size Growth Trend, By Region
4.3 Europe: Plant Growth Regulators Market, By Country & Type
4.4 Cytokinins Plant Growth Regulators Type Market, By Region
4.5 Plant Growth Regulators Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in Trading Requirements for Industrial Activities
5.2.1.2 Consumer Shift Toward Organic Foods
5.2.1.3 Evolution in Farming Practices & Technology
5.2.2 Restraints
5.2.2.1 Long Approval Period for New Products
5.2.3 Opportunities
5.2.3.1 Stronger Product Portfolio for Broad-Acre Crops
5.2.3.2 Rise in Investment in Agricultural Activities in Developing Countries
5.2.3.3 Decrease in Land Area Under Cultivation
5.2.4 Challenges
5.2.4.1 Identification of Plant Growth Regulator (Pgr)-Modulated Genic/Multigenic Expressions
5.2.4.2 Lack of Awareness Regarding Benefits of Pgr
5.2.4.3 Significant Cost Issues Related With Regulatory Requirements
5.3 Patent Analysis
5.4 Supply Chain Analysis
5.5 Regulations

6 Plant Growth Regulators Market, By Type
6.1 Introduction
6.2 Cytokinins
6.3 Auxins
6.4 Gibberellins
6.5 Ethylene
6.6 Other Types

7 Plant Growth Regulators Market, By Crop Type
7.1 Introduction
7.2 Cereals & Grains
7.2.1 Wheat
7.2.2 Rice
7.2.3 Corn
7.2.4 Others
7.3 Oilseeds & Pulses
7.3.1 Cotton Seed
7.3.2 Soybean
7.3.3 Sunflower
7.3.4 Others
7.4 Fruits & Vegetables
7.4.1 Fruits
7.4.2 Vegetables
7.5 Turf & Ornamentals

8 Plant Growth Regulators Market, By Formulation
8.1 Introduction
8.2 Water-Dispersible & Water-Soluble Granules
8.3 Wettable Powders
8.4 Solutions

9 Plant Growth Regulators Market, By Function
9.1 Introduction
9.2 Plant Growth Promoters
9.3 Plant Growth Inhibitors

10 Plant Growth Regulators Market, By Region

11 Competitive Landscape

12 Company Profiles

• Adama
• Arysta Lifescience
• Basf
• Bayer Cropscience
• Fmc Corporation
• Nippon Soda
• Nufarm
• Syngenta
• Tata Chemicals
• The Dow Chemical Company
• Valent Biosciences
• Xinyi Industrial

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                             Related Topics: Agrochemicals and Fertilizers, Crop Farming