Plant Growth Regulators Market size to rise at 8%+ CAGR to 2025

Increasing investment in agriculture sector across the globe shall be fueling the plant growth regulators market in the coming years. Commercial crops and fruits & vegetables are major application segments in market.

Selbyville, United States - July 9, 2019 /MarketersMedia/ —

The size of Plant Growth Regulators Market was anticipated as 5 billion in the year 2018 and is predicted to touch 9.7 billion till 2025, rising with a CAGR of 8.5% between the years 2018 to 2025 as per the research done by Global Market Insights, Inc.

Global plant growth regulators market will be driven by increasing investment in the agricultural sector. Europe Union is planning to invest approximately USD 426 billion in the coming years under its Common Agricultural Policy (CAP). This increased investment in agriculture shall fuel the PGR demand over the forecast duration. Moreover, agricultural land in Europe is decreasing due to commercial and industrial development projects, which has impelled governments to encouraging the usage of plant growth regulators for enhancing the yield within available arable land.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1962

Low awareness about PGR in emerging economies is likely to hamper the plant growth regulators market demand during the forecast period. Moreover, due to limited product knowledge, consumers use it excessively which affects the product quality and marketability.

Ethylene plant growth regulators market shall grow with highest CAGR during the forecast period. This can be attributed to the increasing fruit farming across the globe. Increasing trend of health and fitness, fruit consumption across the globe is increasing and to fulfill this increased fruit demand, ethylene usage for fruit ripening has been rising from past several years. Auxins demand is projected to grow with a significant CAGR, owing to its rising usage in seed germination. In addition, auxins are also used in all application segments for cell division, root initiation and other such processes.

Cereals & grains application segment will create a significant product demand over the next few years. Cereals and grains are major part of the human diet from thousand years. According to the world bank reports cereals production in 2000 was 2.053 billion metric tons and reached 2.849 billion metric tons in 2015. This exponential production and growth in cereals production is likely to boost the product demand in near future. Oil seeds and pulses shall create a major chunk of PGR market over the forecast period, due to rising demand for oil seeds and pulses in nations including India, China, Taiwan, Thailand and Indonesia.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1962

Asia Pacific plant growth regulators market shall expand with highest CAGR over the forecast period. This can be attributed to the countries in Asia Pacific spending more than before on agriculture sector, which is due to growing food demand across the region. For instance, the Agricultural Development Bank of China sanctioned a loan of nearly USD 450 billion for the betterment and improvement of Chinese Agriculture industry by 2020.

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.

Browse key industry insights spread across 205 pages with 204 market data tables & 18 figures & charts from the report, “Plant Growth Regulators Market Size By Product (Auxins, Cytokinins, Gibberlins, Ethylene), By Application (Fruits & Vegetables, Cereals & Grains, Oil Seeds & Pulses, Turf & Ornaments) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:

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

Glimpse of Table of Content (ToC)

Chapter 5. Plant Growth Regulators Market, By Application
5.1. Plant Growth Regulators market application insights
5.2. Fruits & vegetables
5.2.1. Market estimates and forecast, 2014 - 2025
5.2.2. Market estimates and forecast by region, 2014 - 2025
5.3. Cereals & grains
5.3.1. Market estimates and forecast, 2014 - 2025
5.3.2. Market estimates and forecast by region, 2014 - 2025
5.4. Oil seeds & pulses
5.4.1. Market estimates and forecast, 2014 - 2025
5.4.2. Market estimates and forecast by region, 2014 - 2025
5.5. Turf & ornaments
5.5.1. Market estimates and forecast, 2014 - 2025
5.5.2. Market estimates and forecast by region, 2014 - 2025

Browse Full TOC @ https://www.gminsights.com/toc/detail/plant-growth-regulators-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: 4 North Main Street
Phone: 3028467766
Website: https://www.gminsights.com/pressrelease/plant-growth-regulators-pgr-market

Source URL: https://marketersmedia.com/plant-growth-regulators-market-size-to-rise-at-8-cagr-to-2025/88894048

Source: MarketersMedia

Release ID: 88894048