The plant growth regulators market is estimated to be valued at USD 1.6 Billion in 2015. The market is projected to grow at a CAGR of 3.6% from 2015 to 2020. The plant growth regulators market is segmented on the basis of its types and crop types. It is further segmented on the basis of regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). With the increasing environmental regulation and pesticide residue level monitoring, the entry of seaweed-based plant growth regulators is expected to enhance the market growth.
This report includes estimations of market sizes for value (USD million) and volume (KT). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global plant growth regulators market and to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market share in respective regions has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources.
This report provides both, qualitative and quantitative analyses of the plant growth regulators market, the competitive landscape, and the preferred development strategies of key players. The key players preferred new product development, joint ventures, agreements, expansions, and acquisitions as preferred strategies to gain a larger share in the market. The report also analyzes the market dynamics and issues faced by leading players.
The report is targeted towards the existing players in the industry, which include chemical manufacturers, agrochemical manufacturers, fruit growers associations, seaweed extractors, biostimulant manufacturers, and research institutions. Key participants in the supply chain of plant growth regulators are raw material suppliers, government bodies, distributors, agro-commodity exporters related to fruits & vegetables, and end users such as farmer cooperatives and associations.
Upstream players offering plant growth regulators to other manufacturers involved in fertilizer production to offer crop-based nutrient-PGR formulation have been included in this report. For instance, Nippon Soda Co. Ltd (Japan) and The Dow Chemical Company (U.S.) are the upstream players that are profiled in the report. The downstream players involved in the direct distribution with farm growers & cooperatives include Nufarm Limited (Australia), Xinyi Industrial Co. Ltd (China), FMC Corporation (U.S.), Valent BioSciences Corporation (U.S.), Bayer CropScience (Germany), Syngenta AG (Switzerland), BASF SE (Germany), and Tata Chemicals Limited (India).
"The study answers several questions for stakeholders, primarily which market segments to focus on in next two to five years for prioritizing efforts and investments”.
Scope of the Report
On the basis of type, the market is segmented as follows:
- Others (ethylene and abscisic acid)
On the basis of crop type, the market is segmented as follows:
- Cereals & grains
- Oilseed & pulses
- Fruits & vegetables
- Turf, ornamentals, and others
On the basis of region, the market is segmented as follows:
- North America