Plant Growth Regulators Market Size, Trends, Company Profiles, Comprehensive Analysis, Development Strategy, Emerging Technologies Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Plant Growth Regulators Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Plant Growth Regulators Market products.

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According to the statistics by the Organization for Economic Co-operation and Development (OECD), production of maize increased from 8.28 tonnes/hectare in the year 2010 to 9.48 tonnes/hectare in the year 2019.

Factors such as the increasing crop production worldwide and the concern for the decreasing arable land for the cultivation of crops, which is raising the need amongst farmers to develop modern agricultural methods that provide increased yield with low input resources, are anticipated to drive the growth of the market. According to the statistics by the Organization for Economic Co-operation and Development (OECD), production of maize increased from 8.28 tonnes/hectare in the year 2010 to 9.48 tonnes/hectare in the year 2019.

Global Plant Growth Regulators Market was valued at USD 2.2 Billion in the year 2017. Global Plant Growth Regulators Market is further estimated to grow at a CAGR of 6.3% from 2018 to reach USD 3.49 Billion by the year 2025. Europe region holds the highest Market share in 2017 and the Asia Pacific is considered as the fastest growing Market in the forecasted period due to growing demand of Plant growth regulators and developing agriculture sector. At country level U.K in Europe and China, Australia & New Zealand in Asia-Pacific holds the notable Market share and is projected to grow strongly in the coming.

Major market players in Plant Growth Regulators are The DOW Chemical Company, Syngenta AG, Tata Chemicals, Bayer Cropscience AG, FMC Corporation, Arysta Lifescience, Adama Agricultural Solutions Ltd, BASF SE, Nufarm Ltd, Nippon Soda, Redox Industries Ltd., DuPont, and brief overview of 10 companies is also provided in the report. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

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SWOT Analysis of Plant Growth Regulators Market:
Strength:

*Advancing agricultural techniques
*Growing textile Market
*Increasing adoption of organic food.

Weakness:
*Strict government regulations and policies
*Growing agro-chemical Market

Opportunities:
*High opportunities in the developing region
*Growing need for eco-friendly techniques of farming

Threats:
*Lack of awareness regarding benefits associated with plant growth regulators
*High cost

The segmentation is done on the basis of Type, by Formulations, by Crop Type, and by Region. On the basis of Types, the global Plant Growth Regulators Market is sub-segmented as Auxins, Cytokinins, Ethylene, Gibberellins and Others of which the cytokinins segment is expected to hold the highest Market share during the forecast period and have high adoption rate mainly in North America.

Plant Growth Regulators Market Segmentation:
By Type

*Auxins
*Cytokinins
*Ethylene
*Gibberellins
*Others

By Formulations
*Water-Dispersible & Water-Soluble Granules
*Wettable Powders
*Solutions

By Crop Type
*Cereals & Grains
*Fruits & Vegetables
*Oilseeds & Pulses
*Others

By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

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