Plant Growth Regulators Market to reach US$ 9.7 bn by 2025

1
Global Plant Growth Regulators Market to reach
US 9.7 bn by 2025 Global Market Insights Inc.
2
Industry Overview

• Plant Growth Regulators (PGR) Market to exceed
  USD 9.7 billion by 2025. Global PGR market will
  be driven by increasing investment in the
  agricultural sector. Europe Union is planning to
  invest approximately USD 426 billion in the
  coming years under its Common Agricultural Policy
  (CAP). This increased investment in agriculture
  shall fuel the PGR demand over the forecast
  duration. Moreover, agricultural land in Europe
  is decreasing due to commercial and industrial
  development projects, which has impelled
  governments to encouraging the usage of plant
  growth regulators for enhancing the yield within
  available arable land.
• Low awareness about PGR in emerging economies is
  likely to hamper the plant growth regulators
  market demand during the forecast period.
  Moreover, due to limited product knowledge,
  consumers use it excessively which affects the
  product quality and marketability.
• Ethylene plant growth regulators market shall
  grow with highest CAGR during the forecast
  period. This can be attributed to the increasing
  fruit farming across the globe. Increasing trend
  of health and fitness, fruit consumption across
  the globe is increasing and to fulfill this
  increased fruit demand, ethylene usage for fruit
  ripening has been rising from past several years.
  Auxins demand is projected to grow with a
  significant CAGR, owing to its rising usage in
  seed germination. In addition, auxins are also
  used in all application segments for cell
  division, root initiation and other such
  processes.

3
Continue

• Vegetables fruits segment accounted for the
  largest plant growth regulators (PGR) market
  share in 2017 and is anticipated to hold its
  position over the forecast period. Cereals
  grains are likely to experience a high demand in
  next few years. This can be attributed to the
  increased PGR usage in nations including China,
  India, Vietnam, Japan where cereals grains are
  the major crops. Many countries have begun
  exporting grains owing to its high demand.
• Asia Pacific plant growth regulators market shall
  experience the highest CAGR during the forecast
  timespan. This can be attributed to high
  dependence on the agriculture and increasing
  awareness about plant growth regulators in the
  region. MEA will also grow with a healthy CAGR.
  Many foreign firms and individual investors are
  investing in the region. They are taking
  agricultural lands on lease and producing
  commercial crops.
• The PGR market comprises of many large
  multinational players. Some of the prominent
  players operating in the industry are DowDuPont,
  BASF SE, Syngenta AG, Nufarm Limited, Bayer AG,
  Nippon Soda Co., Ltd., Valent Biosciences LLC,
  Tata Chemicals Ltd, Arysta Lifescince and Adama
  Agricultural Solutions Ltd. In October 2017, BASF
  SE announced the biggest acquisition in its 152
  years history. It acquired significant part of
  Bayers seed and non-selective herbicide business
  in USD 7.03 billion. After this acquisition, BASF
  entered first time in seed business.

4

Browse Full Market Research Report Of Plant
Growth Regulators Market _at_ https//bit.ly/2vP4fDw
Request for a Sample of this Research
report _at_ https//bit.ly/2OqGVcj
5
U.S. plant growth regulators market size, by
product, 2014 - 2025 (USD Million)

6
Industry Coverage

7
Stay In Touch Website www.gminsights.com Soci
al Media