Global Plant Growth Regulators Market 2017-2021
- Published: Feb 2017
- Pages: 70
- SKU: IRTNTR11893
The 2022-2026 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!
This market research study identifies BASF, Dow Chemical, FMC, Nufarm, and Syngenta as the leading players in the global plant growth regulators market. A comprehensive analysis of this market is also presented by type (cytokinins, auxins, gibberellins, and others) and by geography (APAC, Europe, North America, and ROW).
Overview of the plant growth regulators (PGRs) market
Extensive research carried out by the analysts at Technavio has shown that the global plant growth regulators (PGRs) market will witness fast-paced growth and will post a CAGR of close to 7% during the forecast period. A major surge in the growth of the organic industry is one of the major factors driving the growth of the plant growth regulators market. The increasing awareness about the health hazards associated with the use of chemicals in food and household products is impelling individuals to shift to organic food products, which will, in turn, propel the growth prospects for the PGRs market over the coming years.
One of the recent trends gaining traction in the market is the rapid growth in the pharmaceutical industry, which is primarily driven by changing lifestyles, aging population, unhealthy eating habits, and increased occurrence of chronic diseases across the globe. With the growing pharmaceutical market, the demand for herbal medicines is rising due to high-priced allopathy substitutes. The major pharma companies are investing in R&D expenditure for developing of plant-derived medicines to cope up with the rising demand for herbal medicines. This is expected to contribute to the market growth of PGRs during the forecast period.
Competitive landscape and key vendors
The global PGRs market is highly competitive and is dominated by a few key players in the market. The key vendors have vast geographical presences with massive production facilities located globally. Nonetheless, there are a sizeable number of small regional vendors with significant shares in the market. The major players compete in terms of innovations, price, and quality of the product.
Key vendors in this market are -
- DOW Chemical
Other prominent vendors in the market are Bayer CropScience, Nippon Soda, Tata Chemicals, Valent BioSciences, and Xinyi (H.K.) Industrial.
Segmentation by type and analysis of the PGRs market
The cytokinins segment led the global PGRs market during 2016 and will continue to dominate the market until the end of 2021. Cytokinins are one of the key phytohormones that induce cell division in plant roots and shoots. Moreover, these plant hormones also affect dormancy, cell enlargement, flowering, and fruiting in plants. They are primarily used in the biomedicine, pharmaceutical, food, agriculture, and cosmetic industry. Furthermore, cytokinins are help in preventing the senescence of fruits, flowers, and leaves and therefore used in the agriculture industry to enhance the overall yield.
Geographical segmentation and analysis of the PGRs market
- North America
In terms of geography, Europe was the highest revenue contributing region in the global PGRs market during 2016 and will continue to lead the market in the coming years. The growth of this market in the region is attributed to the fact that Europe has abundant availability of land for organic farming where bio-based alternatives of fertilizers such as PGRs are widely adopted. Moreover, European countries like Italy, Germany, France, Spain, and the UK have a thriving cotton textile industry, which will further contribute to this market’s growth in the region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global PGRs market?
- What are the key market trends impacting the growth of the global PGRs market?
- What are the challenges to market growth?
- Who are the key vendors in the global PGRs market?
- What are the market opportunities and threats faced by the vendors in the global PGRs market?
- What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
- What are the key outcomes of the five forces analysis of the global PGRs market?
Technavio also offers customization on reports based on specific client requirement.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
- Key market highlights
- Market overview
PART 05: Market landscape
- Global PGR market
PART 06: Market segmentation by type
- Global PGR market by type
- Global cytokinins market
- Global auxins market
- Global gibberellins market
- Global other PGRs market
PART 07: Geographical segmentation
- Global PGR market by geography
- PGR market in Europe
- PGR market in North America
- PGR market in APAC
- PGR market in rest of the world (ROW)
PART 08: Market drivers
- Growth in organic industry
- Modernization of agriculture
- Rise in agricultural sustainability
PART 09: Impact of drivers
PART 10: Market challenges
- Poor knowledge among growers
- Limited availability of arable land
- Abundant use of fertilizers
PART 11: Impact of drivers and challenges
PART 12: Market trends
- Growth in textile industry
- Growth in pharmaceutical industry
PART 13: Vendor landscape
- Competitive landscape
- Dow Chemical
- Other prominent vendors
- List of abbreviations
PART 14: Explore Technavio
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Get your FREE sample now!
Get the report (PDF) sent to your email within minutes.
Subscribe & Save
Get lifetime access to our
Did you know?
Did you know?
Did you know?
Want to customize this report?
This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.