Plant Growth Regulators Global Market Report 2024

Description

“Plant Growth Regulators Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on plant growth regulators market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for plant growth regulators? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The plant growth regulators market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Cytokinins; Auxins; Gibberellins; Ethylene; Other Types
2) By Formulation: Water-Dispersible And Water-Soluble Granules; Wettable Powders; Solutions
3) By Application Type: Fruits And Vegetables; Cereals And Grains; Oil Seeds And Pulses; Turf And Ornaments
Companies Mentioned: BASF SE; Bayer Crop Science; Corteva Agriscience; Sumitomo Chemica Co. Ltd; Syngenta AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Plant growth regulators are chemical substances that comprehensively manage various aspects of a plant's growth and development, including branching, shoot reduction, stimulating bloom, thinning excess fruit, or altering fruit maturity.

The primary categories of plant growth regulators include cytokinins, auxins, gibberelins, ethylene, and other related types. Cytokinins, plant-specific hormones, play a pivotal role in regulating the plant cell cycle and numerous developmental processes. These regulators are available in various formulations such as water-dispersible and water-soluble granules, wettable powders, and solutions. Their applications span across fruits, vegetables, cereals, grains, oilseeds, pulses, turf, and ornamental plants.

The plant growth regulators market research report is one of a series of new reports from The Business Research Company that provides plant growth regulators market statistics, including plant growth regulators industry global market size, regional shares, competitors with a plant growth regulators market share, detailed plant growth regulators market segments, market trends and opportunities, and any further data you may need to thrive in the plant growth regulators industry. This plant growth regulators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The plant growth regulators market size has grown strongly in recent years. It will grow from $2.96 billion in 2023 to $3.26 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth observed in the historical period was propelled by several factors a rising demand for food production, increased awareness and adoption of plant growth regulators among farmers, government initiatives and regulatory measures, a heightened focus on enhancing crop quality and yield, and the overall expansion of the agriculture industry.

The plant growth regulators market size is expected to see strong growth in the next few years. It will grow to $4.63 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. Anticipated growth in the upcoming period is expected to be fueled by several factors the ongoing rise in global population, challenges posed by climate change, a heightened emphasis on sustainable agriculture practices, expanding markets in developing countries, and increased collaborations and partnerships within the industry.

The burgeoning demand for organic farming is set to drive the expansion of the plant growth regulators market. Organic farming focuses on cultivating crops and rearing livestock without the use of synthetic chemicals or genetically modified organisms. Plant growth regulators play a pivotal role in organic farming by enhancing crop quality, augmenting yield, and bolstering root growth. Notably, in 2022, the land farmed organically witnessed a 0.4% increase, totaling 509 thousand hectares, as reported by GOV.UK in May 2023. This surge in organic farming activities directly fuels the demand for plant growth regulators.

The escalating incidence of crop diseases is projected to be a driving force behind the growth of the plant growth regulators market. These diseases significantly impair plant health, productivity, and growth. Plant growth regulators contribute to disease resistance, stress tolerance, balanced growth, and expedited healing of plant lesions caused by pathogens. According to the National Institute of Food And Agriculture's February 2023 report, pests accounted for the loss of 20% to 40% of the world's crop yield in 2021. This heightened prevalence of crop diseases underscores the necessity and uptake of plant growth regulators in agricultural practices.

Innovation emerges as a prominent trend within the plant growth regulator market, with major companies focused on developing pioneering products to fortify their market presence. For example, Rightline Equipment Inc., a US-based manufacturer, introduced Prohex 27.5 WDG in May 2021. This plant growth regulator, containing the gibberellin inhibitor prohexadione calcium, aims to improve turf quality and stimulate healthy growth. Prohex 27.5 WDG, a granular product, dissolves in water and proves effective in enhancing the appearance and playability of golf course greens. It offers a safe and efficient solution for cool and warm-season turf, known for controlling Poa annua, reducing clippings, and enhancing grass density, quality, and appearance.

Major companies in the plant growth regulators sector are focusing on advanced products such as biorational solutions to drive market revenues. Biorational solutions, derived from natural sources such as plants, animals, or microorganisms, are low-impact substances. For instance, Sumitomo Chemical India Ltd., a division of Sumitomo Chemical Company, launched Promalin in March 2023. This solution is aimed at apple growers, promising high-quality produce, access to new export markets, and a revolutionary change for the apple growing community. The product incorporates distinct safety features to ensure growers receive authentic and original Promalin, signifying a shift toward sustainable and effective biorational solutions in agriculture.

In December 2022, Adama Agricultural Solutions., an Israel-based crop protection company, acquired Agrinova New Zealand Limited., for an undisclosed amount. Through this acquisition, Adama Agricultural Solutions expects to improve its position in New Zealand and open the door for its expansion into the biological market. Agrinova New Zealand Limited is a New Zealand-based crop protection company that manufactures crop protection products and plant growth regulators primarily for the horticulture segment.

Major companies operating in the plant growth regulators market report are BASF SE, Bayer Crop Science, Corteva Agriscience, Sumitomo Chemica Co. Ltd., Syngenta AG, Valent BioSciences Corporation, NuFarm Ltd., Food Machinery & Chemical Corporation, ADAMA India Private Limited, Nippon Soda Co. Ltd., Arysta LifeScience Corporation, Tata Chemicals Limited, Sichuan Guoguang Agrochemical Co. Ltd., United Phosphorus Limited, Redox Industries Ltd., Xinyi (H.K.) Industrial Co. Ltd., WinField Solutions LLC, Nissan Chemical Corporation, Sikko Industries Ltd., Crop Care Australasia Pty Ltd., Biolchim S.p.A., Novozymes A/S, Isagro S.p.A., Fine Americas Inc., Agro-K Corporation, Plant Hormones Ltd., Albaugh LLC, Westbridge Agricultural Products, Loveland Products Inc.

Europe was the largest region in the plant growth regulators market in 2023. The regions covered in the plant growth regulators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the plant growth regulators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The plant growth regulators consist of sales of paclobutrazol, gibberellic acid, salicylic acid, brassinosteroids, strigolactones, and polyamine. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12010

1. Executive Summary

2. Plant Growth Regulators Market Characteristics

3. Plant Growth Regulators Market Trends And Strategies

4. Plant Growth Regulators Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Plant Growth Regulators Market Size and Growth

5.1. Global Plant Growth Regulators Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Plant Growth Regulators Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Plant Growth Regulators Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Plant Growth Regulators Market Segmentation

6.1. Global Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cytokinins
Auxins
Gibberellins
Ethylene
Other Types
6.2. Global Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Water-Dispersible And Water-Soluble Granules
Wettable Powders
Solutions
6.3. Global Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fruits And Vegetables
Cereals And Grains
Oil Seeds And Pulses
Turf And Ornaments

7. Plant Growth Regulators Market Regional And Country Analysis

7.1. Global Plant Growth Regulators Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Plant Growth Regulators Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Plant Growth Regulators Market

8.1. Asia-Pacific Plant Growth Regulators Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Plant Growth Regulators Market

9.1. China Plant Growth Regulators Market Overview
9.2. China Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Plant Growth Regulators Market

10.1. India Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Plant Growth Regulators Market

11.1. Japan Plant Growth Regulators Market Overview
11.2. Japan Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Plant Growth Regulators Market

12.1. Australia Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Plant Growth Regulators Market

13.1. Indonesia Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Plant Growth Regulators Market

14.1. South Korea Plant Growth Regulators Market Overview
14.2. South Korea Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Plant Growth Regulators Market

15.1. Western Europe Plant Growth Regulators Market Overview
15.2. Western Europe Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Plant Growth Regulators Market

16.1. UK Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Plant Growth Regulators Market

17.1. Germany Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Plant Growth Regulators Market

18.1. France Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Plant Growth Regulators Market

19.1. Italy Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Plant Growth Regulators Market

20.1. Spain Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Plant Growth Regulators Market

21.1. Eastern Europe Plant Growth Regulators Market Overview
21.2. Eastern Europe Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Plant Growth Regulators Market

22.1. Russia Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Plant Growth Regulators Market

23.1. North America Plant Growth Regulators Market Overview
23.2. North America Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Plant Growth Regulators Market

24.1. USA Plant Growth Regulators Market Overview
24.2. USA Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Plant Growth Regulators Market

25.1. Canada Plant Growth Regulators Market Overview
25.2. Canada Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Plant Growth Regulators Market

26.1. South America Plant Growth Regulators Market Overview
26.2. South America Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Plant Growth Regulators Market

27.1. Brazil Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Plant Growth Regulators Market

28.1. Middle East Plant Growth Regulators Market Overview
28.2. Middle East Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Plant Growth Regulators Market

29.1. Africa Plant Growth Regulators Market Overview
29.2. Africa Plant Growth Regulators Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Plant Growth Regulators Market, Segmentation By Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Plant Growth Regulators Market, Segmentation By Application Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Plant Growth Regulators Market Competitive Landscape And Company Profiles

30.1. Plant Growth Regulators Market Competitive Landscape
30.2. Plant Growth Regulators Market Company Profiles
- 30.2.1. BASF SE
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Bayer Crop Science
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Corteva Agriscience
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Sumitomo Chemica Co. Ltd
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Syngenta AG
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Plant Growth Regulators Market Competitive Benchmarking

32. Global Plant Growth Regulators Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Plant Growth Regulators Market

34. Plant Growth Regulators Market Future Outlook and Potential Analysis

34.1 Plant Growth Regulators Market In 2028 - Countries Offering Most New Opportunities
34.2 Plant Growth Regulators Market In 2028 - Segments Offering Most New Opportunities
34.3 Plant Growth Regulators Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer