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Plant Growth Regulators Market by Type, Crop Type: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 280 Pages
  • February 2023
  • Region: Global
  • Allied Market Research
  • ID: 5781698
The global plant growth regulators market is envisioned to garner $2.2 billion by 2031, growing from $7.4 billion in 2021 at a CAGR of 13.9% from 2022 to 2031.

Plant growth regulators (PGRs) are chemicals that are used to manipulate plant development by boosting branching, limiting shoot growth, enhancing return bloom, eliminating surplus fruit, or changing fruit maturity.

Rapid urbanization has led to significant changes, including shifting lifestyle conditions, which has resulted in changes in people’s diets and demands. The agricultural or arable land necessary for crop production in order to feed the rising population is reducing as the majority of the people shift to urban regions from rural areas. This has eventually led to an increase in demand for commercial greenhouses, which may be utilized to produce a range of crops under controlled conditions irrespective of the season or changing climatic conditions. These factors are anticipated to show the fastest growth during the forecast period.

Organic farming is a difficult process, and producers must have a high degree of expertise and knowledge linked to the specialized market in order to obtain the intended impact and outcome. However, there has been minimal interchange of organic farming techniques among farmers in developing nations. Lack of understanding of plant growth regulators is a barrier for plant growth regulator providers as well as the market.

Plant growth regulators can help increase bloom rate, accelerate plant development, and delay the commencement of root crop sprouting. Such favorable effects modify plant nutrition and benefit commercial agribusinesses in increasing crop production quality and quantity. Plant growth regulators are known for fostering growth and development in both ideal and stressful circumstances. Reducing crop loss as a result of these climatic variations is a significant challenge that demands for major changes to crop development programmers and agronomic methods. Plant growth regulators are helpful methods to resist these stressors and climatic variance for sustainable crop production in such circumstances.

The COVID-19 pandemic has had a negative effect on the market for plant regulators globally. Due to disruptions in the global supply chains and a change in the competitive standing of manufacturers/producers, the market for plant growth regulators like gibberellic acid has been severely impacted across a range of end-use applications. The growth of the worldwide plant growth regulators market was constrained by the absence of unrestricted worker mobility during the COVID-19 outbreak, which is necessary for the application of gibberellins in agricultural fields. However, it is anticipated that when manufacturers release new goods and economies stabilize, market demand will return to normal during the forecast period.

The key players profiled in this report include BASF SE, Bayer Crop Science, Corteva Agriscience, Crop Care Australasia Pty Ltd., Barclay Crop Protection, Sumitomo Chemical Australia Pty Ltd., NuFarm Ltd., Redox Industries Ltd., Xinyi (H.K.) Industrial Co. Ltd., and Sichuan Guoguang Agrochemical Co. Ltd.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the plant growth regulators market analysis from 2021 to 2031 to identify the prevailing plant growth regulators market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the plant growth regulators market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global plant growth regulators market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • Auxins
  • Gibberellins
  • Cytokinins
  • Absicisic Acid
  • Ethylene

By Crop Type

  • Cereals
  • Oilseeds and Pulses
  • Fruits and Vegetables
  • Turf and Ornamentals
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • United Arab Emirates
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • BASF SE
  • Bayer Crop Science AG
  • Corteva Agriscience
  • Syngenta AG
  • Nufarm
  • Sumitomo Chemical Australia
  • TATA chemicals limited
  • Arysta Life science
  • FMC Corporation
  • UPL Limited

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
3.6. Key Regulation Analysis
3.7. Market Share Analysis
3.8. Patent Landscape
3.9. Regulatory Guidelines
3.10. Value Chain Analysis
CHAPTER 4: PLANT GROWTH REGULATORS MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Auxins
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Gibberellins
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Cytokinins
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Absicisic Acid
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
4.6. Ethylene
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market share analysis by country
CHAPTER 5: PLANT GROWTH REGULATORS MARKET, BY CROP TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Cereals
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Oilseeds and Pulses
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Fruits and Vegetables
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Turf and Ornamentals
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
5.6. Others
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market share analysis by country
CHAPTER 6: PLANT GROWTH REGULATORS MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast By Region
6.2. North America
6.2.1. Key trends and opportunities
6.2.2. Market size and forecast, by Type
6.2.3. Market size and forecast, by Crop Type
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. Key market trends, growth factors and opportunities
6.2.4.1.2. Market size and forecast, by Type
6.2.4.1.3. Market size and forecast, by Crop Type
6.2.4.2. Canada
6.2.4.2.1. Key market trends, growth factors and opportunities
6.2.4.2.2. Market size and forecast, by Type
6.2.4.2.3. Market size and forecast, by Crop Type
6.2.4.3. Mexico
6.2.4.3.1. Key market trends, growth factors and opportunities
6.2.4.3.2. Market size and forecast, by Type
6.2.4.3.3. Market size and forecast, by Crop Type
6.3. Europe
6.3.1. Key trends and opportunities
6.3.2. Market size and forecast, by Type
6.3.3. Market size and forecast, by Crop Type
6.3.4. Market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Key market trends, growth factors and opportunities
6.3.4.1.2. Market size and forecast, by Type
6.3.4.1.3. Market size and forecast, by Crop Type
6.3.4.2. UK
6.3.4.2.1. Key market trends, growth factors and opportunities
6.3.4.2.2. Market size and forecast, by Type
6.3.4.2.3. Market size and forecast, by Crop Type
6.3.4.3. France
6.3.4.3.1. Key market trends, growth factors and opportunities
6.3.4.3.2. Market size and forecast, by Type
6.3.4.3.3. Market size and forecast, by Crop Type
6.3.4.4. Spain
6.3.4.4.1. Key market trends, growth factors and opportunities
6.3.4.4.2. Market size and forecast, by Type
6.3.4.4.3. Market size and forecast, by Crop Type
6.3.4.5. Italy
6.3.4.5.1. Key market trends, growth factors and opportunities
6.3.4.5.2. Market size and forecast, by Type
6.3.4.5.3. Market size and forecast, by Crop Type
6.3.4.6. Rest of Europe
6.3.4.6.1. Key market trends, growth factors and opportunities
6.3.4.6.2. Market size and forecast, by Type
6.3.4.6.3. Market size and forecast, by Crop Type
6.4. Asia-Pacific
6.4.1. Key trends and opportunities
6.4.2. Market size and forecast, by Type
6.4.3. Market size and forecast, by Crop Type
6.4.4. Market size and forecast, by country
6.4.4.1. China
6.4.4.1.1. Key market trends, growth factors and opportunities
6.4.4.1.2. Market size and forecast, by Type
6.4.4.1.3. Market size and forecast, by Crop Type
6.4.4.2. Japan
6.4.4.2.1. Key market trends, growth factors and opportunities
6.4.4.2.2. Market size and forecast, by Type
6.4.4.2.3. Market size and forecast, by Crop Type
6.4.4.3. India
6.4.4.3.1. Key market trends, growth factors and opportunities
6.4.4.3.2. Market size and forecast, by Type
6.4.4.3.3. Market size and forecast, by Crop Type
6.4.4.4. South Korea
6.4.4.4.1. Key market trends, growth factors and opportunities
6.4.4.4.2. Market size and forecast, by Type
6.4.4.4.3. Market size and forecast, by Crop Type
6.4.4.5. Australia
6.4.4.5.1. Key market trends, growth factors and opportunities
6.4.4.5.2. Market size and forecast, by Type
6.4.4.5.3. Market size and forecast, by Crop Type
6.4.4.6. Rest of Asia-Pacific
6.4.4.6.1. Key market trends, growth factors and opportunities
6.4.4.6.2. Market size and forecast, by Type
6.4.4.6.3. Market size and forecast, by Crop Type
6.5. LAMEA
6.5.1. Key trends and opportunities
6.5.2. Market size and forecast, by Type
6.5.3. Market size and forecast, by Crop Type
6.5.4. Market size and forecast, by country
6.5.4.1. Brazil
6.5.4.1.1. Key market trends, growth factors and opportunities
6.5.4.1.2. Market size and forecast, by Type
6.5.4.1.3. Market size and forecast, by Crop Type
6.5.4.2. United Arab Emirates
6.5.4.2.1. Key market trends, growth factors and opportunities
6.5.4.2.2. Market size and forecast, by Type
6.5.4.2.3. Market size and forecast, by Crop Type
6.5.4.3. Saudi Arabia
6.5.4.3.1. Key market trends, growth factors and opportunities
6.5.4.3.2. Market size and forecast, by Type
6.5.4.3.3. Market size and forecast, by Crop Type
6.5.4.4. South Africa
6.5.4.4.1. Key market trends, growth factors and opportunities
6.5.4.4.2. Market size and forecast, by Type
6.5.4.4.3. Market size and forecast, by Crop Type
6.5.4.5. Rest of LAMEA
6.5.4.5.1. Key market trends, growth factors and opportunities
6.5.4.5.2. Market size and forecast, by Type
6.5.4.5.3. Market size and forecast, by Crop Type
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2021
CHAPTER 8: COMPANY PROFILES
8.1. BASF SE
8.1.1. Company overview
8.1.2. Key Executives
8.1.3. Company snapshot
8.2. Bayer Crop Science AG
8.2.1. Company overview
8.2.2. Key Executives
8.2.3. Company snapshot
8.3. Corteva Agriscience
8.3.1. Company overview
8.3.2. Key Executives
8.3.3. Company snapshot
8.4. Syngenta AG
8.4.1. Company overview
8.4.2. Key Executives
8.4.3. Company snapshot
8.5. Nufarm
8.5.1. Company overview
8.5.2. Key Executives
8.5.3. Company snapshot
8.6. Sumitomo Chemical Australia
8.6.1. Company overview
8.6.2. Key Executives
8.6.3. Company snapshot
8.7. TATA chemicals limited
8.7.1. Company overview
8.7.2. Key Executives
8.7.3. Company snapshot
8.8. Arysta Life science
8.8.1. Company overview
8.8.2. Key Executives
8.8.3. Company snapshot
8.9. FMC Corporation
8.9.1. Company overview
8.9.2. Key Executives
8.9.3. Company snapshot
8.10. UPL Limited
8.10.1. Company overview
8.10.2. Key Executives
8.10.3. Company snapshot
List of Tables
TABLE 01. GLOBAL PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 02. PLANT GROWTH REGULATORS MARKET FOR AUXINS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 03. PLANT GROWTH REGULATORS MARKET FOR GIBBERELLINS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 04. PLANT GROWTH REGULATORS MARKET FOR CYTOKININS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 05. PLANT GROWTH REGULATORS MARKET FOR ABSICISIC ACID, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 06. PLANT GROWTH REGULATORS MARKET FOR ETHYLENE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 07. GLOBAL PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 08. PLANT GROWTH REGULATORS MARKET FOR CEREALS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 09. PLANT GROWTH REGULATORS MARKET FOR OILSEEDS AND PULSES, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 10. PLANT GROWTH REGULATORS MARKET FOR FRUITS AND VEGETABLES, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 11. PLANT GROWTH REGULATORS MARKET FOR TURF AND ORNAMENTALS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 12. PLANT GROWTH REGULATORS MARKET FOR OTHERS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 13. PLANT GROWTH REGULATORS MARKET, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 14. NORTH AMERICA PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 15. NORTH AMERICA PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 16. NORTH AMERICA PLANT GROWTH REGULATORS MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 17. U.S. PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 18. U.S. PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 19. CANADA PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 20. CANADA PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 21. MEXICO PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 22. MEXICO PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 23. EUROPE PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 24. EUROPE PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 25. EUROPE PLANT GROWTH REGULATORS MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 26. GERMANY PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 27. GERMANY PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 28. UK PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 29. UK PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 30. FRANCE PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 31. FRANCE PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 32. SPAIN PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 33. SPAIN PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 34. ITALY PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 35. ITALY PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 36. REST OF EUROPE PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 37. REST OF EUROPE PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 38. ASIA-PACIFIC PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 39. ASIA-PACIFIC PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 40. ASIA-PACIFIC PLANT GROWTH REGULATORS MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 41. CHINA PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 42. CHINA PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 43. JAPAN PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 44. JAPAN PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 45. INDIA PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 46. INDIA PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 47. SOUTH KOREA PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 48. SOUTH KOREA PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 49. AUSTRALIA PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 50. AUSTRALIA PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 51. REST OF ASIA-PACIFIC PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 52. REST OF ASIA-PACIFIC PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 53. LAMEA PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 54. LAMEA PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 55. LAMEA PLANT GROWTH REGULATORS MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 56. BRAZIL PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 57. BRAZIL PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 58. UNITED ARAB EMIRATES PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 59. UNITED ARAB EMIRATES PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 60. SAUDI ARABIA PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 61. SAUDI ARABIA PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 62. SOUTH AFRICA PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 63. SOUTH AFRICA PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 64. REST OF LAMEA PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 65. REST OF LAMEA PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 66. BASF SE: KEY EXECUTIVES
TABLE 67. BASF SE: COMPANY SNAPSHOT
TABLE 68. BAYER CROP SCIENCE AG: KEY EXECUTIVES
TABLE 69. BAYER CROP SCIENCE AG: COMPANY SNAPSHOT
TABLE 70. CORTEVA AGRISCIENCE: KEY EXECUTIVES
TABLE 71. CORTEVA AGRISCIENCE: COMPANY SNAPSHOT
TABLE 72. SYNGENTA AG: KEY EXECUTIVES
TABLE 73. SYNGENTA AG: COMPANY SNAPSHOT
TABLE 74. NUFARM: KEY EXECUTIVES
TABLE 75. NUFARM: COMPANY SNAPSHOT
TABLE 76. SUMITOMO CHEMICAL AUSTRALIA: KEY EXECUTIVES
TABLE 77. SUMITOMO CHEMICAL AUSTRALIA: COMPANY SNAPSHOT
TABLE 78. TATA CHEMICALS LIMITED: KEY EXECUTIVES
TABLE 79. TATA CHEMICALS LIMITED: COMPANY SNAPSHOT
TABLE 80. ARYSTA LIFE SCIENCE: KEY EXECUTIVES
TABLE 81. ARYSTA LIFE SCIENCE: COMPANY SNAPSHOT
TABLE 82. FMC CORPORATION: KEY EXECUTIVES
TABLE 83. FMC CORPORATION: COMPANY SNAPSHOT
TABLE 84. UPL LIMITED: KEY EXECUTIVES
TABLE 85. UPL LIMITED: COMPANY SNAPSHOT
List of Figures
FIGURE 01. PLANT GROWTH REGULATORS MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF PLANT GROWTH REGULATORS MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN PLANT GROWTH REGULATORS MARKET (2022-2031)
FIGURE 04. PORTER FIVE-1
FIGURE 05. PORTER FIVE-2
FIGURE 06. PORTER FIVE-3
FIGURE 07. PORTER FIVE-4
FIGURE 08. PORTER FIVE-5
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALPLANT GROWTH REGULATORS MARKET
FIGURE 10. IMPACT OF KEY REGULATION: PLANT GROWTH REGULATORS MARKET
FIGURE 11. MARKET SHARE ANALYSIS: PLANT GROWTH REGULATORS MARKET
FIGURE 12. PATENT ANALYSIS BY COMPANY
FIGURE 13. PATENT ANALYSIS BY COUNTRY
FIGURE 14. REGULATORY GUIDELINES: PLANT GROWTH REGULATORS MARKET
FIGURE 15. VALUE CHAIN ANALYSIS: PLANT GROWTH REGULATORS MARKET
FIGURE 16. PLANT GROWTH REGULATORS MARKET, BY TYPE, 2021 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF PLANT GROWTH REGULATORS MARKET FOR AUXINS, BY COUNTRY 2021-2031 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF PLANT GROWTH REGULATORS MARKET FOR GIBBERELLINS, BY COUNTRY 2021-2031 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF PLANT GROWTH REGULATORS MARKET FOR CYTOKININS, BY COUNTRY 2021-2031 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF PLANT GROWTH REGULATORS MARKET FOR ABSICISIC ACID, BY COUNTRY 2021-2031 (%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF PLANT GROWTH REGULATORS MARKET FOR ETHYLENE, BY COUNTRY 2021-2031 (%)
FIGURE 22. PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2021 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF PLANT GROWTH REGULATORS MARKET FOR CEREALS, BY COUNTRY 2021-2031 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF PLANT GROWTH REGULATORS MARKET FOR OILSEEDS AND PULSES, BY COUNTRY 2021-2031 (%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF PLANT GROWTH REGULATORS MARKET FOR FRUITS AND VEGETABLES, BY COUNTRY 2021-2031 (%)
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF PLANT GROWTH REGULATORS MARKET FOR TURF AND ORNAMENTALS, BY COUNTRY 2021-2031 (%)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF PLANT GROWTH REGULATORS MARKET FOR OTHERS, BY COUNTRY 2021-2031 (%)
FIGURE 28. PLANT GROWTH REGULATORS MARKET BY REGION, 2021
FIGURE 29. U.S. PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 30. CANADA PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 31. MEXICO PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 32. GERMANY PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 33. UK PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 34. FRANCE PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 35. SPAIN PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 36. ITALY PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 37. REST OF EUROPE PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 38. CHINA PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 39. JAPAN PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 40. INDIA PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 41. SOUTH KOREA PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 42. AUSTRALIA PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 43. REST OF ASIA-PACIFIC PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 44. BRAZIL PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 45. UNITED ARAB EMIRATES PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 46. SAUDI ARABIA PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 47. SOUTH AFRICA PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 48. REST OF LAMEA PLANT GROWTH REGULATORS MARKET, 2021-2031 ($MILLION)
FIGURE 49. TOP WINNING STRATEGIES, BY YEAR
FIGURE 50. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 51. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 52. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 53. COMPETITIVE DASHBOARD
FIGURE 54. COMPETITIVE HEATMAP: PLANT GROWTH REGULATORS MARKET
FIGURE 55. TOP PLAYER POSITIONING, 2021

Executive Summary

According to the report titled, “Plant Growth Regulators Market," the plant growth regulators market was valued at $2.2 billion in 2021, and is estimated to reach $7.4 billion by 2031, growing at a CAGR of 13.9% from 2022 to 2031.

Plant growth regulators (PGRs) are chemicals that control how plants grow and are typically only active at extremely low concentrations. Both natural and synthetic regulators are created by plants; the ones that are found naturally in plants are known as phytohormones or plant hormones. Plant growth regulators performance is affected by a variety of factors, including how well the chemical is absorbed by the plant, the vigor and age of the tree, cultivar, and weather conditions before, during, and after application.

Plant growth regulators are chemical compounds that have a substantial influence on plant cell, tissue, and organ development and isolation. Plant growth regulators act as chemical messengers, allowing cells to interact with each other. Natural plant growth regulators are produced with minimal qualities in specific plant parts and migrate to other parts, manipulating several physiological functions to regulate plant growth such as promoting plant cell division and cell expansion, leaf expansion, retarding leaf senescence, ripening of fruits and vegetables, fruits and flower maturation, and seed germination. Plant hormones are classified into five groups: auxins, gibberellins, cytokinins, abscisic acid (ABA), and ethylene. They collaborate to coordinate plant cell growth and development.

Plant growth regulators are in high demand because of their ability to reduce lodging in intensive cereal production, control shoot heights, and stimulate latex flow in rubber plants. These factors stimulate plant growth and accelerate production when compared to traditional fertilizers, which is expected to have a positive impact on market growth in the coming years. Furthermore, altering climatic circumstances during the conventional way of farming are leading to the adoption of commercial greenhouses, which is driving the installation of commercial greenhouses and further propagating market expansion over the forecast period. Additionally, North America and Europe are most likely to hold a significant market share in the commercial greenhouse industry, while Asia-Pacific is expected to be the fastest-growing region. With rising urbanization and individuals' altering lifestyles, the market for plant growth promoters is developing at a significant rate, with the surge in commercial greenhouse market growth to feed the growing urban population.

Agricultural production optimizes yields from a single harvest by leveraging large beginning expenditures. Seed, agrochemicals, machinery, and other items are also included in these prices. Adding productivity-boosting inputs is not economically viable for small farms since it incurs expenditures that the majority of farmers cannot afford. For instance, South Asia and Sub-Saharan Africa do not invest sufficiently in agriculture, which results in subpar productivity. The effects of this phenomena on global food security and the standard of living for those who labor in the primary sector are significant. Additionally, rising markets such as Brazil and India generate a considerable amount of cotton, fruits, and vegetables. There is an increasing need for plant growth regulating products in these markets for producing high-value crops such as grains and oilseeds, which is expected to boost the growth of the worldwide plant growth regulators market during the forecast period.

The plant growth regulators market is segmented into type, crop type, and region. As per type, the market is classified into auxins, gibberellins, cytokinins, absicisic acid, and ethylene. According to crop type, it is divided into cereals, oilseeds and pulses, fruits and vegetables, turf and ornamentals, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, United Arab Emirates, South Africa, and rest of LAMEA).

The key players profiled in the study include BASF SE, Bayer Crop Science, Corteva Agriscience, Crop Care Australasia Pty Ltd., Barclay Crop Protection, Sumitomo Chemical Australia Pty Ltd., NuFarm Ltd., Redox Industries Ltd., Xinyi (H.K.) Industrial Co. Ltd., and Sichuan Guoguang Agrochemical Co. Ltd. The key players in the market have been actively engaged in the adoption of various strategies such as acquisition, product launches, and expansion to remain competitive and gain an advantage over the competitors in the market. For instance, in July 2021, Sumitomo Chemical has acquired regulatory clearance in the U.S. for the registration of Accede, its novel plant growth regulator. According to Sumitomo Chemical Company's news release, Accede is a fruit thinner that Sumitomo Chemical created as one of the biorationals as a consequence of worldwide research and development collaboration for more than a decade in biorationals among Sumitomo Chemical and Valent BioSciences (VBC).

Key Market Insights

  • Based on type, the auxins sub-segment held a dominant position in 2021 and the cytokinins sub-segment is anticipated to be the fastest growing during the forecast period.
  • Based on crop type, the cereals sub-segment emerged as the global leader in 2021 and the fruits and vegetables sub-segment is anticipated to be the fastest growing during the forecast period.
  • Based on region, Europe accounted for the dominant market share in 2021 and the Asia-Pacific region is projected to account for a significant growth rate during the forecast period.

Companies Mentioned

  • BASF SE
  • Bayer Crop Science AG
  • Corteva Agriscience
  • Syngenta AG
  • Nufarm
  • Sumitomo Chemical Australia
  • TATA chemicals limited
  • Arysta Life science
  • FMC Corporation
  • UPL Limited

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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