Global Plant Growth Regulators Market Size study & Forecast, by Type (Cytokinins, Auxins, and Gibberellins), Application (Crop-based and non-crop based) and Regional Analysis, 2022-2029

Global Plant Growth Regulators Market Size study & Forecast, by Type (Cytokinins, Auxins, and Gibberellins), Application (Crop-based and non-crop based) and Regional Analysis, 2022-2029

Global Plant Growth Regulators Market is valued approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2022-2029.. The Plant Growth Regulators market is expanding because of factors such as increasing demand for sustainable agricultural practices and increasing demand for fruits, vegetables, and other organic crops. According to Statista, the global production volume of vegetables, increases from 1.09 million metric tons, in the year 2018 to 1.14 million metric tons, in the year 2020. However, unavailability of growers in large-scale plantations may halt market growth.

The key regions considered for the Global Plant Growth Regulators Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the space in terms of revenue, owing to rising organic farming over the country. According to Europa.eu, the total organic area in the European region went to 14.7 million hectares (ha) in 2020, from 13.8 million hectares in 2019 and 9.5 million hectares in 2012. Asia Pacific is expected to grow significantly during the forecast period, owing to rising production of vegetables and other crops in the forecast period.

Major market player included in this report are:
Fine Americas Inc
BASF SE
Bayer Crop Science
Syngenta
UPL Ltd
Corteva Agriscience
Nufarm Ltd
Sumitomo Chemical
Redox Industries Ltd
Xinyi (H.K.) Industrial Co. Ltd

Recent Developments in the Market:
In 2021, Sumitomo Chemical received the US regulatory approval registration. The approval was intended for the plant growth regulator (PGR) AccedeTM (active ingredient 1-aminocyclopropane-1-carboxylic acid (ACC)). Approval like this will motivate the company to perform and fulfill the consumer’s need and wants at its full potential.
In April 2020, BASF launched plant growth regulator: Attraxor. The product is used for turf and various other types of grasses in the United Kingdom. Further, the product contains Prohexadion(10%w/w) as the major and primary ingredient.
In 2020, Syngenta Canada registered Moddus: a new plant growth regulator. This registration helps mitigate lodging risk in oats, wheat, barley. Further, Moddus contains trinexapac-ethyl, an active ingredient with years of proven use to manage lodging in cereal crops globally.
Global Plant Growth Regulators Market Report Scope:
Historical DataCompanies Mentioned

Fine Americas Inc
BASF SE
Bayer Crop Science
Syngenta
UPL Ltd
Corteva Agriscience
Nufarm Ltd
Sumitomo Chemical
Redox Industries Ltd
Xinyi (H.K.) Industrial Co. Ltd

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