The Plant Growth Regulators Market is estimated to hit $2.036 billion by 2023 - PowerPoint PPT Presentation

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The Plant Growth Regulators Market is estimated to hit $2.036 billion by 2023


Global Plant growth regulator market is valued $1,550 million in the year 2017 and is expected to grow at a CAGR of 4.6% from 2018 to 2023. The market is growing steadily due to wide adoption of ethylene across groups. Cytokinins is having the highest market share in the year 2017 and is followed by Ethylene which is valued $448.5 million and $386.2 million respectively in the year 2017 and is anticipated to grow with a CAGR of 4.6% and 5.9% from the year 2018 to 2023. – PowerPoint PPT presentation

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Title: The Plant Growth Regulators Market is estimated to hit $2.036 billion by 2023

Plant growth regulator market is valued 1,550
million in 2017 and is expected to grow at a CAGR
of 4.6 from 2018 to 2023.
The global market for Plant Growth Regulators was
estimated to be at 1.55 billion in 2017 and it
was projected to reach up to 2.036 billion by
2023. The market for cytokinins used in row crops
was the largest accounting for 351.0 million in
2017 and it is estimated to reach 456.37 million
by 2023, growing at a CAGR of 4.4. There is a
huge demand for cytokinins owing to their ability
to induce drought resistance and stress tolerance
in the crops such as cotton and sunflower. The
market for cytokinins was rapidly growing in
fruits and vegetables, exhibiting a growth of
5.3 to reach 90.7 million by 2023.
Selected Analysis Done in the Full Report
  • A value chain describes a series of stages that
    are involved in the industry from sourcing raw
    materials to distribution to end user and the
    value addition done at each stage. Various
    stakeholders involved in the global PGR plant
    growth regulator market are as follows
  • Plant Growth Regulators Manufacturing Companies
  • Research Institutes
  • Distributors
  • Wholesalers
  • Retailers
  • End-users/Farmers

Excerpts on Market Growth Factors Mentioned in
the Full Report
  • Global growing demand for cotton is fueling the
    use of Plant Growth Regulators in cotton
    cultivation to meet the requirement. This is one
    of the key driving factors for the growth of PGR
    market in the world, especially in the APAC and
    Latin American regions where cotton production is
    significantly high.
  • The need to improve the yield of food crops to
    cater to the food requirements of the increasing
    world population is another important point that
    propels Plant Growth Regulators market.

Key Players of the Palletizing Systems Market
  • BASF
  • DOW Chemical
  • FMC Corporation
  • Nufarm
  • Syngenta
  • And 15 more

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