Title: Plant growth regulators Market has recently witnessed notable acquisitions which will lead to a considerate growth in the market.
1Plant Growth Regulators Market By Type of PGR
(Cytokinins, Auxins, Gibberellins,
Ethylene/Ethylene Releasers, Mepiquat Chloride)
By Type of crop (Row Crops, Fruits Vegetables,
Turfs and Ornamentals)By Region (Americas,
Europe, APAC, RoW)-Forecast(2015-2020)
Published Date 10th February, 2016 Number of
Pages 292
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- Plant growth regulators (PGRs) or plant hormones
are the crop protection chemicals that are
produced in plants or synthesized and applied to
the plants in order to regulate its growth. - In agriculture, PGRs have been used since decades
to serve a variety of functionalities such as
elongating or shortening plant length (depending
on the desired function), ripening of fruits and
vegetables, producing seedless fruits, control
lodging in cereals, defoliating and boll opening
in cotton plants and so on in various crops in
order to improve the quality and yield of the
respective crops.
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- Europe held the largest market share in the
global PGR market, while exhibiting slow growth
due to market maturity. On the other hand, the
Asia-Pacific region shows a higher growth rate
owing to the increasing awareness of PGRs among
the farmers in developing countries such as India
and China. - The global PGR market during the forecast period
2015-2020, is estimated to rise at 4.6 CAGR,
according to IndustryARC.
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owth-regulators-market-analysis-report.html
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- Key Market Vendors
- Syngenta AG
- BASF SE
- Bayer CropScience AG
- Nufarm Limited
- Industry seems to witness growth in the
developing countries and hence new agro-chemical
companies are expected to venture into this
product line in the near future. This will
increase competition in the market, building a
slight pressure on the products prices, making
them generic and decline in their value. This
causes a minor drop in the profit margin for the
key players that are currently involved in the
industry but will not have a great impact on the
overall market.
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