Plant Growth Regulators Market by Type (Cytokinins, Auxins, Gibberellins, Ethylene and Other Types), Crop Type, Formulation, Function and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Plant Growth Regulators Market by Type (Cytokinins, Auxins, Gibberellins, Ethylene and Other Types), Crop Type, Formulation, Function and Geography - Global Industry Analysis, Opportunities and Forecast up to 2030

Plant Growth Regulators Market Size

The global plant growth regulators market size was valued at $3.06 million in 2024 and is projected to reach $4.99 million by 2030, growing at a CAGR of 8.5% during the forecast period.

Plant Growth Regulators Market Overview

Plant growth regulators (PGRs) are substances that regulate various aspects of plant growth and development. These compounds, also known as plant hormones, play crucial roles in controlling processes such as cell division, elongation, differentiation, and flowering. PGRs can be naturally produced by plants or synthesized artificially for agricultural purposes. They are used extensively in modern agriculture to manipulate plant growth, enhance crop yield and quality, improve stress tolerance, and regulate fruiting and flowering. Common types of plant growth regulators include auxins, gibberellins, cytokinins, abscisic acid, and ethylene. By applying PGRs at specific stages of plant growth, farmers can optimize crop production, manage plant growth patterns, and mitigate the impact of environmental stressors, ultimately contributing to more efficient and sustainable agricultural practices.

Plant Growth Regulators Market Dynamics

• The plant growth regulators market has a promising growth potential due to several factors which includes the increasing demand for high-quality crops, improved agricultural productivity, and growing awareness about the benefits of plant growth regulators.
• Additionally, the rising adoption of modern agricultural practices and technologies, expansion of the agriculture industry and advancements in biotechnology, and government initiatives to promote sustainable farming practices are the prominent factors driving the growth of the plant growth regulators market.
• However, the limited availability of skilled labor for proper application and management of PGRs, and high initial investment costs associated with the adoption of plant growth regulator technologies are restraining the market growth.
• On the contrary, the increasing research and development activities to discover new and improved plant growth regulator formulations, rising demand for organic and environmentally friendly agricultural inputs, and expansion of the horticulture sector and greenhouse farming practices are creating opportunities for market growth.

By Type, the Cytokinins Segment Holds the Dominant Position in the Market Revenue

The cytokinins segment emerges as the largest segment in the plant growth regulators market during the forecast period due to they play a crucial role in regulating various aspects of plant growth and developments, including cell division, shoot formation, and nutrient uptake. With an increasing global population and limited arable land, there is a growing need to improve agricultural productivity and crop yields. These substances are a possible option since they stimulate plant growth, improve crop vigor, and boost resilience to environmental stressors. Additionally, the use of cytokinins enables farmers to maximize resource efficiency, reduce input expenditures, and improve overall crop quality. Furthermore, advances in biotechnology and the creation of innovative cytokinin formulations have expanded their uses to a wide range of crops, fuelling market demand.

By Geography, Asia Pacific is Projected to Show Strong Presence in the Global Market

The Asia Pacific region is forecasted to exhibit a robust presence in the global market due to the region is home to some of the world's largest agricultural economies, with a high dependency on agriculture for food security and economic growth. As population growth and urbanization continue to rise in countries like China and India, there is a pressing need to enhance agricultural productivity to meet the increasing food demand.

Additionally, farmers in the Asia Pacific region face various challenges such as limited arable land, water scarcity, and climate change impacts, which necessitate the adoption of innovative agricultural practices like PGRs to optimize crop production. Moreover, governments in the region are increasingly focusing on promoting sustainable agriculture and supporting farmers with subsidies and incentives for adopting modern farming techniques, including PGRs. Furthermore, the growing awareness among farmers about the benefits of PGRs in improving crop yield, quality, and stress tolerance is driving their widespread adoption across different crop types in the Asia Pacific region.

Key Target Audience:

• Plant Growth Regulators Traders, Retailers, And Distributors.
• Plant Growth Regulators Manufacturers & Suppliers.
• Regulatory Bodies, Including Government Agencies And Ngos.
• Venture Capitalists and Investors.
• Research Institutions
• Government Agencies

List of the Key Players Profiled in the Report Includes:

• BASF SE
• Corteva Agriscience
• Syngenta Group
• FMC Corporation
• Nufarm
• Bayer AG
• Tata Chemicals Ltd.
• UPL
• Sumitomo Chemical Co., Ltd.
• Nippon Soda Co., Ltd.
• Sipcam Oxon Spa
• De Sangosse

Recent Developments:

• In March 2023, Sumitomo Chemical India Ltd., a subsidiary of Sumitomo Chemicals, debuted Promalin, a plant growth regulator, in Shimla, Himachal Pradesh. The product is offered in 1 liter and 500 ml pack sizes in two North Indian states: Himachal Pradesh and Jammu & Kashmir.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type:

• Cytokinins
• Auxins
• Gibberellins
• Ethylene
• Other Types

Market by, Crop Type:

• Cereals and Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Turf & Ornamentals
• Other Crop Types

Market by, Formulation:

• Water-dispersible & Water-soluble Granules
• Solutions
• Wettable Powders

Market by, Function:

• Plant Growth Promoters
• Plant Growth Inhibitors

Market by, Geography:

The plant growth regulators market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:

The report “Plant Growth Regulators Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:

• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.