Crop Growth Regulators Market Size And Forecast
According to Verified Market Research, Global Crop Growth Regulators Market was valued at USD 2.20 Billion in 2018 and is projected to reach USD 3.68 Billion by 2026, growing at a CAGR of 6.68 % from 2019 to 2026.
What is Crop Growth Regulators?
Crop growth regulators are a plant hormone, are natural and synthetic substances used to alter the growth and physiological processes of a plant. These can be of varied components such as terpenes, gas or acid. There are five families of crop regulators: auxins, cytokinins, gibberellins, abscisic acid, and ethylene. Based on the action, it is classified into a crop growth promoter and plant growth inhibitor. The promoter’s flourishes cell division, cell enlargement, flowering, seed formation, and fruiting. The inhibitors are chemicals that restrict growth and promote dormancy and abscission in plants.
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Global Crop Growth Regulators Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Growing population and increased demand for agricultural productivity are factors encouraging the growth of the market. The global population is expected to reach 10 billion by 2050, to feed the massive population requires greater measures and conservation of arable land. Development in agriculture techniques such as crop regulators is providing growers with additional tools to enhance productivity and growth. In the last four-decade earth has lost 40 % of its arable land which brings a major concern for growers to deal with. However, lack of farming education in rural areas restrains the plant growth regulators market. There are significantly farmers still unaware of these plant growth regulators and their precise use.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Crop Growth Regulators Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Crop Growth Regulators Market Competitive Landscape
The “Global Crop Growth Regulators Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as BASF, Dow, FMC, Land O’Lakes, Bayer, Syngenta, Nufarm, Sumitomo Chemicals, Valent Biosciences, and Tata Chemicals. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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Crop Growth Regulators Market, By Function
• Plant Growth Promoters
• Plant Growth Inhibitors
Crop Growth Regulators Market, By Type
Crop Growth Regulators Market, By Crop Type
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
Crop Growth Regulators Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World
o Latin America
o Middle East & Africa
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