Plant Hormones Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, Segmented By Type, By Formulation, By Function, By Application, By Region and Competition, 2020-2030F

Description

Global Plant Hormones Market was valued at USD 2.97 billion in 2024 and is expected to reach USD 4.87 billion by 2030 with a CAGR of 8.59% during the forecast period. The Global Plant Hormones Market is a dynamic and evolving sector within the broader agricultural industry. Plant hormones, also known as phytohormones or plant growth regulators, are naturally occurring chemical messengers that regulate various physiological processes in plants. These compounds play a crucial role in influencing plant growth, development, and responses to environmental stimuli. The plant hormones market encompasses a wide range of products designed to enhance crop performance, improve yield, and address challenges related to stress, disease, and environmental conditions.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 2.97 Billion
Market Size 2030	USD 4.87 Billion
CAGR 2025-2030	8.59%
Fastest Growing Segment	Cereals & Pulses
Largest Market	North America

The plant hormones market is comprised of various categories, including types of plant hormones, formulations, functions, applications, and regions. Key types of plant hormones include auxins, gibberellins, cytokinins, abscisic acid, and ethylene. Different formulations, such as liquid concentrates, granules, and powder formulations, offer diverse application methods. The functions of plant hormones include growth promotion, stress alleviation, and reproductive regulation. The market spans applications in various crops, including cereals, pulses, fruits, vegetables, and ornamental plants, catering to the needs of diverse agricultural practices globally. Herbicide resistance is becoming increasingly common, with some areas experiencing a variety of herbicide-resistant weed species in their fields, making weed control more difficult. In the U.S. alone, experts have identified 25 weed species that are resistant to herbicides. In the UK, the weed Alopecurus monureides alone impacts cereal crop yields by up to 800,000 tonnes, leading to an estimated loss of USD 449.2 million (£380 million) annually in lost income for farmers, as reported by the Chemistry World blog in April 2021.

Key Market Drivers

Increasing Awareness and Adoption of Precision Agriculture

Precision agriculture, marked by the integration of cutting-edge technologies into traditional farming practices, is emerging as a significant driver for the growth of the global plant hormone market. This transformative approach aims to optimize the efficiency of agricultural processes, enhance crop yield, and mitigate environmental impact through data-driven decision-making. Precision agriculture utilizes data analytics, satellite imagery, and sensor technologies to monitor and manage crop variability in real-time. Plant hormones play a pivotal role in optimizing crop management by influencing key physiological processes such as germination, flowering, and fruit development. This optimization leads to better resource utilization and increased productivity. As farmers increasingly recognize the potential of precision agriculture to maximize yields and reduce resource inputs, the demand for plant hormones rises. These hormones become essential tools in the precision agriculture toolkit, driving market growth.

Environmental stresses, such as drought, temperature extremes, and soil salinity, pose significant challenges to crop production. Plant hormones, with their regulatory functions, can enhance stress tolerance in plants. Precision agriculture allows for the targeted application of plant hormones to manage stress and improve crop resilience under adverse conditions. The awareness of climate change impacts and the need for resilient crops drive the adoption of plant hormones in precision agriculture. Farmers seek solutions to mitigate the negative effects of environmental stress, contributing to the growth of the plant hormone market. Precision agriculture facilitates precise nutrient management by analyzing soil conditions and plant requirements. Plant hormones are employed to optimize nutrient uptake, improve nutrient use efficiency, and enhance the overall nutrient status of crops. This leads to improved crop quality and yield. The emphasis on efficient nutrient utilization aligns with the use of plant hormones to regulate nutrient-related processes in plants. As precision agriculture gains traction, the demand for plant hormones for targeted nutrient management contributes to market expansion.

Precision agriculture relies on data-driven decision-making, where farmers utilize real-time information to make informed choices about crop management. Plant hormones, integrated into this decision-making process, enable farmers to respond dynamically to changing conditions, optimizing plant growth and development. The integration of plant hormones into data-driven decision-making systems enhances the precision and effectiveness of farming practices. The demand for these hormones as essential components in the precision agriculture ecosystem fuels market growth. The increasing adoption of precision agriculture creates opportunities for the development and commercialization of plant hormone formulations tailored for specific crops, growth stages, and environmental conditions. This customization aligns with the precision agriculture paradigm, offering farmers targeted solutions for their unique challenges. Companies in the plant hormone market can capitalize on the demand for specialized formulations that align with precision agriculture requirements. The development of innovative products tailored for precision farming practices opens new avenues for market growth.

Key Market Challenges

Regulatory Hurdles and Approval Processes

The regulatory landscape surrounding the approval and use of plant hormones in agriculture can pose significant challenges. Different countries have varying regulations, and obtaining approvals for new formulations or applications can be a time-consuming and complex process. Regulatory bodies often require extensive testing to ensure the safety and efficacy of plant hormone products.

Lengthy regulatory approval processes can delay the introduction of new plant hormone products to the market. Companies operating in the plant hormone sector may face increased costs associated with compliance and may experience delays in commercialization, affecting overall market growth.

Key Market Trends

Rise in Demand for Bio-Based and Organic Farming Practices

There is a growing global trend towards sustainable and eco-friendly agricultural practices, with an increasing emphasis on organic farming. Plant hormones, being natural compounds, align with the principles of organic and bio-based agriculture. Consumers are increasingly seeking products grown using environmentally friendly methods, encouraging farmers to adopt plant hormone-based solutions.

The demand for bio-based and organic farming practices creates opportunities for plant hormone market growth. As farmers transition towards sustainable methods, the market for plant hormones expands, driven by the need for natural alternatives to synthetic inputs. This trend is reinforced by consumer preferences for sustainably produced food.

Key Market Players

BASF SE
Syngenta AG
The Dow Chemical Company
Nufarm Australia Ltd.
FMC Corporation
Bayer CropScience AG
Adama Agriculture Solutions Ltd.
Tata Chemicals Ltd.
Valent BioScience Corporation
Shanghai Xinyi Industry Co. Ltd

Report Scope:

In this report, the Global Plant Hormones Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Plant Hormones Market, By Type:

Auxins
Cytokinin
Ethylene
Gibberellins
Other

Plant Hormones Market, By Formulation:

Solution
Granules
Wet Powders
Others

Plant Hormones Market, By Function:

Growth Promoters
Growth Inhibitors

Plant Hormones Market, By Application:

Fruits & Vegetables
Cereals & Pulses
Oilseeds & Grains
Other

Plant Hormones Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Plant Hormones Market.

Available Customizations:

Global Plant Hormones market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Functions
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Plant Hormones Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Type (Auxins, Cytokinin, Ethylene, Gibberellins, Other)
- 5.2.2. By Formulation (Solution, Granules, Wet Powders, Others)
- 5.2.3. By Function (Growth Promoters, Growth Inhibitors)
- 5.2.4. By Application (Fruits & Vegetables, Cereals & Pulses, Oilseeds & Grains, Other)
- 5.2.5. By Region
- 5.2.6. By Company (2024)
5.3. Market Map

6. North America Plant Hormones Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Formulation
- 6.2.3. By Function
- 6.2.4. By Application
- 6.2.5. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Plant Hormones Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Type
    - 6.3.1.2.2. By Formulation
    - 6.3.1.2.3. By Function
    - 6.3.1.2.4. By Application
- 6.3.2. Canada Plant Hormones Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Type
    - 6.3.2.2.2. By Formulation
    - 6.3.2.2.3. By Function
    - 6.3.2.2.4. By Application
- 6.3.3. Mexico Plant Hormones Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Type
    - 6.3.3.2.2. By Formulation
    - 6.3.3.2.3. By Function
    - 6.3.3.2.4. By Application

7. Europe Plant Hormones Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Formulation
- 7.2.3. By Function
- 7.2.4. By Application
- 7.2.5. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Plant Hormones Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Type
    - 7.3.1.2.2. By Formulation
    - 7.3.1.2.3. By Function
    - 7.3.1.2.4. By Application
- 7.3.2. United Kingdom Plant Hormones Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Type
    - 7.3.2.2.2. By Formulation
    - 7.3.2.2.3. By Function
    - 7.3.2.2.4. By Application
- 7.3.3. Italy Plant Hormones Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Type
    - 7.3.3.2.2. By Formulation
    - 7.3.3.2.3. By Function
    - 7.3.3.2.4. By Application
- 7.3.4. France Plant Hormones Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Type
    - 7.3.4.2.2. By Formulation
    - 7.3.4.2.3. By Function
    - 7.3.4.2.4. By Application
- 7.3.5. Spain Plant Hormones Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Type
    - 7.3.5.2.2. By Formulation
    - 7.3.5.2.3. By Function
    - 7.3.5.2.4. By Application

8. Asia-Pacific Plant Hormones Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Formulation
- 8.2.3. By Function
- 8.2.4. By Application
- 8.2.5. By Country
8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Plant Hormones Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Type
    - 8.3.1.2.2. By Formulation
    - 8.3.1.2.3. By Function
    - 8.3.1.2.4. By Application
- 8.3.2. India Plant Hormones Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Type
    - 8.3.2.2.2. By Formulation
    - 8.3.2.2.3. By Function
    - 8.3.2.2.4. By Application
- 8.3.3. Japan Plant Hormones Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Type
    - 8.3.3.2.2. By Formulation
    - 8.3.3.2.3. By Function
    - 8.3.3.2.4. By Application
- 8.3.4. South Korea Plant Hormones Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Type
    - 8.3.4.2.2. By Formulation
    - 8.3.4.2.3. By Function
    - 8.3.4.2.4. By Application
- 8.3.5. Australia Plant Hormones Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Type
    - 8.3.5.2.2. By Formulation
    - 8.3.5.2.3. By Function
    - 8.3.5.2.4. By Application

9. South America Plant Hormones Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Formulation
- 9.2.3. By Function
- 9.2.4. By Application
- 9.2.5. By Country
9.3. South America: Country Analysis
- 9.3.1. Brazil Plant Hormones Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Type
    - 9.3.1.2.2. By Formulation
    - 9.3.1.2.3. By Function
    - 9.3.1.2.4. By Application
- 9.3.2. Argentina Plant Hormones Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Type
    - 9.3.2.2.2. By Formulation
    - 9.3.2.2.3. By Function
    - 9.3.2.2.4. By Application
- 9.3.3. Colombia Plant Hormones Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Type
    - 9.3.3.2.2. By Formulation
    - 9.3.3.2.3. By Function
    - 9.3.3.2.4. By Application

10. Middle East and Africa Plant Hormones Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Formulation
- 10.2.3. By Function
- 10.2.4. By Application
- 10.2.5. By Country
10.3. MEA: Country Analysis
- 10.3.1. South Africa Plant Hormones Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Type
    - 10.3.1.2.2. By Formulation
    - 10.3.1.2.3. By Function
    - 10.3.1.2.4. By Application
- 10.3.2. Saudi Arabia Plant Hormones Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Type
    - 10.3.2.2.2. By Formulation
    - 10.3.2.2.3. By Function
    - 10.3.2.2.4. By Application
- 10.3.3. UAE Plant Hormones Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Type
    - 10.3.3.2.2. By Formulation
    - 10.3.3.2.3. By Function
    - 10.3.3.2.4. By Application

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Recent Developments
12.2. Product Launches
12.3. Mergers & Acquisitions

13. Global Plant Hormones Market: SWOT Analysis

14. Competitive Landscape

14.1. BASF SE
- 14.1.1. Business Overview
- 14.1.2. Company Snapshot
- 14.1.3. Products & Services
- 14.1.4. Financials (As Reported)
- 14.1.5. Recent Developments
- 14.1.6. Key Personnel Details
- 14.1.7. SWOT Analysis
14.2. Syngenta AG
14.3. The Dow Chemical Company
14.4. Nufarm Australia Ltd.
14.5. FMC Corporation
14.6. Bayer CropScience AG
14.7. Adama Agriculture Solutions Ltd.
14.8. Tata Chemicals Ltd.
14.9. Valent BioScience Corporation
14.10.Shanghai Xinyi Industry Co. Ltd.