Plant Growth Regulators Market Worth USD 7.16 Billion by 2028 | Plant Growth Regulators Industry CAGR of 9.94% by 2021-2028

Companies covered in plant growth regulators market are BASF SE (Mannheim, Germany), Bayer AG (Leverkusen, Germany), Corteva, Inc. (Delaware, U.S.), Syngenta AG (Basel, Switzerland), Nufarm Ltd. (Melbourne, Australia), Sumitomo Chemical Co. Ltd. (Ehime, Japan), UPL Limited (Mumbai, India), FMC Corporation (Pennsylvania, U.S.), Tata Chemicals Ltd. (Mumbai, India), Sichuan Guoguang Agrochemical Co., Ltd (Sichuan, China) and Other key players

Pune, India, April 05, 2022 (GLOBE NEWSWIRE) -- The global plant growth regulators market size was *USD 3.23 billion* in 2020. The market is anticipated to grow from *USD 3.69 billion* in 2021 to *USD 7.16 billion* by 2028 at a CAGR of *9.94%* in the 2021-2028 period. This information is provided by *Fortune Business Insights™*, in its report titled, “*Plant Growth Regulators Market, 2021-2028*.”

The growing demand for high-quality food grains is expected to amplify the demand for plant growth regulators during the mentioned time frame.

*COVID-19 Impact*

*Commotions in Supply Chain Management amid COVID-19 Pandemic to Decelerate Growth*

Farmers of all kinds have been facing the influence of the COVID-19 disaster from social distancing guidelines to travel constraints and market closures. From a utilization viewpoint, smallholder farmers throughout emerging nations are among those at larger risk of an economic effect triggered by the COVID-19 pandemic, as even the least price instabilities in product price can have considerable effects on their businesses.

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*List of Key Players Covered in the Plant Growth Regulators Market Report*

· BASF SE (Mannheim, Germany)
· Bayer AG (Leverkusen, Germany)
· Corteva, Inc. (Delaware, U.S.)
· Syngenta AG (Basel, Switzerland)
· Nufarm Ltd. (Melbourne, Australia)
· Sumitomo Chemical Co. Ltd. (Ehime, Japan)
· UPL Limited (Mumbai, India)
· FMC Corporation (Pennsylvania, U.S.)
· Tata Chemicals Ltd. (Mumbai, India)
· Sichuan Guoguang Agrochemical Co., Ltd (Sichuan, China)

*Segments*

On the basis of type, the market is categorized into Cytokinins (CKs), auxins, gibberellins, ethylene, and others. The cytokinins segment held a dominant share of the market in 2020.

By crop type, the market is classified into cereals, oilseeds & pulses, fruits & vegetables, turf & ornamentals, and others.

In terms of region, the global market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

*Report Coverage*

We offer our reports which are directed with an all-inclusive examination approach that majorly emphasizes on delivering accurate material. Our scholars have applied a data navigation method which further aids us to offer reliable predictions and test the general market dynamics precisely. Further, our analysts have gained admittance to several international as well as domestically funded catalogues for providing the up-to-date material so that the stakeholders and business professionals capitalize only in fundamental zones.

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*Driving Factors*

*Growing Requirement for Improved Crop Productivity Stoked by Government Sustenance*

The rising necessity for refining crop productivity pooled with growing consumption across the world is bolstering the plant growth regulators market growth. The COVID-19 pandemic has further amplified the demand for cereals globally. India, China, Russia, the U.S., Indonesia, Brazil, Argentina, and France are among the prime cereal-producing nations across the globe. Moreover, rising population and fluctuating consumer lifestyles are creating prime demand for all sorts of crops, most remarkably cereals across the globe. This is expected to boost market growth.

*Regional Insights*

The U.K. is anticipated to develop as a prime market for plant growth regulators over the forecast period. France emerged as the biggest market for PGRs in Europe in 2020 with 21.97% plant growth regulators market share. The country is estimated to preserve its position over the forecast period.

The U.S. dominated the North America PGRs market in 2020. Various producers are present in the U.S. market.

Asia Pacific is projected to display substantial growth prospects for the market, owing to the growing flexible income and refining the standard of living in the region.

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*Detailed Table of Content:*

· *Introduction*

· Research Scope
· Market Segmentation
· Research Methodology
· Definitions and Assumptions

· *Executive Summary*
· *Market Dynamics*

· Market Drivers
· Market Restraints
· Market Opportunities

· *Key Insights*

· Overview of the Parent/Related Market
· Regulatory Analysis
· Industry SWOT Analysis
· Qualitative Analysis Related to COVID-19

· Impact of COVID-19 on the Market
· Supply Chain Challenges amidst Pandemic
· Potential Opportunities due to this Global Crisis

· *Global Plant Growth Regulators Market Analysis, Insights and Forecast, 2017-2028*

· *Key Findings / Summary*
· *Market Size Estimates and Forecast  *

· *By Type*

· Cytokinins
· Auxins
· Gibberellins
· Ethylene
· Others

· *By Crop Type*

· Cereals
· Oilseeds & Pulses
· Fruits & Vegetables
· Turf & Ornamentals
· Others

· *By Region *

· North America
· Europe
· Asia Pacific
· South America
· Middle East & Africa

*TOC Continued…!*

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*Competitive Landscape*

*Inventive Product Launch Declarations by Crucial Players to Boost Market Growth*

The important players implement numerous tactics to boost their position in the market as leading companies. One such notable stratagem is procuring companies to boost the brand value among users. Another fundamental strategy is intermittently presenting inventive products with comprehensive study of the market and its target audience.

*Industry Development*

*March 2021*: Sumitomo Chemical Co., Ltd., a Japanese chemical company, presented its novel series of plant growth inhibitors in Brazil under the FYSIUM brand. The novel product was designed to ripen apples and delay their post-harvest quality to last for longer time.

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Crop Protection Chemicals Market Size, Share & COVID-19 Impact Analysis, By Type (Herbicides, Insecticides, Fungicides, and Others), By Source (Synthetic Chemicals and Biologicals), By Mode of Application (Foliar Spray, Soil Treatment, Seed Treatment, and Others), By Crop Type, and Regional Forecast, 2021-2028

Fruit Ripening Agents Market Size, Share & Industry Analysis, By Type (Ethylene, Ethrel, Propylene, Glycol, Calcium Carbide, Others), By Application (Climacteric Fruits, Non-climacteric Fruits) and Regional Forecast, 2022-2029

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