Global Plant Growth Regulators Market 2017-2021

  • Published: Feb 2017
  • Pages: 70
  • SKU: IRTNTR11893
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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 -

  • BASF
  • DOW Chemical
  • FMC
  • Nufarm
  • Syngenta

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

  • Cytokinins
  • Auxins
  • Gibberellins

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

  • APAC
  • Europe
  • North America
  • ROW

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?

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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
  • BASF
  • Dow Chemical
  • FMC
  • Nufarm
  • Syngenta
  • Other prominent vendors
  • List of abbreviations

PART 14:  Explore Technavio

Research Framework

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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