Plant Growth Regulators Market - Growth, Trends, and Forecast (2019 - 2024)
|出版商||Mordor Intelligence LLP||商品編碼||389028|
|出版日期||內容資訊||英文 148 Pages
|植物成長調整劑的全球市場:各種類、作物類型、地區的趨勢與預測 Plant Growth Regulators Market - Growth, Trends, and Forecast (2019 - 2024)|
|出版日期: 2019年04月01日||內容資訊: 英文 148 Pages||
Plant growth regulators are chemical compounds, other than nutrients, that modify plant physiological processes. Crop-specific product development has been the major strategy adopted in the plant growth regulator industry to gain better market penetration throughout the world.
The Plant Growth Regulators Market is Segmented by Type (Cytokinins, Auxins, Gibberlins and Other Types)
The plant growth regulators market is described on the basis of types, crop application, and geography. Among all the growth regulators, cytokinins are widely consumed and accounts for around 40% of the market share. Cytokinins are also the fastest growing segment during the forecast period, as they enhance stress tolerance and stimulate protein synthesis. Auxin is the second-largest segment, and the consumption is expected to expand with demand for medicinal plants and growth in turf and landscaping. Cereals and oilseeds are the major consumers of plant growth regulators, followed by fruits and vegetables, together accounting for 75% of the market share.
Europe Dominates the Market
Europe is the largest market accounting for around 45% of the market share. Growth in consumption of organic food is driving the market in this region. North America is the second-largest market and the market is expected to expand with increased supply of quality products from key players. Asia-Pacific is estimated to register the fastest CAGR, due to growth in rate of adoption of sustainable farming and increased organic food consumption. China and India are the high growth markets in the region, whereas Southeast Asian countries are the potential markets and Brazil is the major market in South America.
The key players in the market are focused on new product launch to cater to a wider consumer base and expand market share. Investment in R&D of cheap effective products is another strategy adopted by market leaders. The major players in the market are BASF SE, Bayer Crop Science, DowDuPont, etc.