Europe Plant Growth Regulators Market Growth, Trends, And Forecasts 2020-2025


Posted February 12, 2020 by sandycool

Europe Plant Growth Regulators Market was worth USD 1660.6 million in 2020 and estimated to be growing at a CAGR of 4.39%, to reach USD 2058.54 million by 2024.

 
The chemicals having the ability to enhance the physiological response of the plants are called Plant Growth Regulators. They are capable of translocation to the low concentration regions of the plant. They increase the supply of the primary nutrients to the plants by increasing the availability and therefore, promote and modify the development & growth of the plants

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Europe Plant Growth Regulators Market By Type (Cytokinins, Auxins, Gibberellins, And Others), By Crop Type (Fruits & Vegetables, Grains & Cereals, Oil Seeds, Turf & Ornamental Grass, And Others) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2020-2025 The market growth apart from its ability to enhance and alter the growth of plants can be attributed to the factors such as growing textile industry, increasing demand for cotton, and rising practice of organic farming.

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The largest share by volume of the Plant Growth Regulators market is contributed by the cytokinin’s segment because of its ability to slow down and prevent the leaf degrading processes such as leaf aging or leaf fall. The plant growth promoter’s classification accounted for a bigger share of Europe plant growth regulators market in 2020. Plant growth promoters are utilized in numerous fruit & vegetables to boost the flowering process.

In a bid to make sure crop protection and curtail production prices, farmers are being compelled to prefer new strategies that embrace the use of agrochemicals and organic farming, because of accelerating profitability concern. This may further induce high demand for plant growth regulators, particularly in the agriculture-driven economies.

As of now, Europe with its rapid technical advancements, government encouragement for organic farming, and increase in crop production in Spain accounted for the biggest share by volume of Plant Growth Regulators market followed by Asia Pacific.

The major market contributors for the Europe Plant Growth Regulators market are BASF SE, Bayer Crop Science, DuPont, FMC Corporation, Tata Chemicals Limited, and Xinyi Industrial Co Ltd.

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Last Updated February 12, 2020