Worldwide sales of plant growth regulators are estimated to account for more than US$ 3,000 Mn revenues by 2026-end.
Albany, NY -- (SBWIRE) -- 03/21/2018 -- Market Research Hub (MRH) has freshly publicized a new study titled "Plant Growth Regulators Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026" to its wide repository, which delivers actual data related to the market for the historical period (2012-2016) along with an estimated intelligence on the market for the forecast period (2017-2026). According to the study key findings, the global plant growth regulators market will reflect an impressive growth during the forecast period, 2017 to 2026. Worldwide sales of plant growth regulators are estimated to account for more than US$ 3,000 Mn revenues by 2026-end.
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To provide better and accurate results, the report majorly focuses on some of the prime regions including the Middle East and Africa (MEA), Europe, Asia Pacific, North America, and South America. The regional analysis section is a crucial segment of the report, which enlightens the reader about the market scenario and trending factors influencing the market shares for each region. Also, in a bid to offer detailed insights to readers, the report has divided global market analysis into various segments which are based on product type, and applications. Sales, revenue and market share by key countries in the above-mentioned regions are also outlined in the study.
Key Findings from the Study
Plant growth regulators are those chemicals which are capable of increasing the physiological response of the plants that include regulating the plant metabolism. Presently, farmers are being prompted to employ new methods such as utilization of agrochemicals and organic farming, driven by increasing profitability concern. Adoption of these farming methods will create significant demand for the plant growth regulators, especially in agriculture-driven nations.
Plant growth regulators also seek strong demand for the regulation of cotton metabolism. Growth in the textile industry across countries such as Turkey, Germany, Bulgaria, India, and China, is anticipated to create high demand for cotton, thereby driving adoption of plant growth regulators.
For a clear understanding, the report has been segmented on the basis of hormone type, crop type, formulation and function. By hormone type, it includes cytokinins, ethylene, auxins, gibberellins and others. Several crop types include fruits & vegetables, oilseeds & pulses, cereals and grains, turf & ornamentals etc. Further, the analyst also finds that water-dispersible and water-soluble granules are expected to remain preferred formulation of plant growth regulators, with sales projected to bring in nearly US$ 1,800 Mn revenues by 2026-end.
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On the basis of geography, the report reveals that Europe will continue to lead the global plant growth regulators market in terms of revenues.
At last, the report also examines the competitive landscape in the global market and profiles some of the key players in this market in terms of company overview, company financials, strategy and recent developments. FMC Corporation, Bayer Cropscience, BASF SE, Xinyi Industrial Co., Ltd., Somitomo Chemicals Company LTD, Syngenta AG, Nufarm Limited, Valent Bioscience Corporation, Dow Chemical Company, and WinField Solutions are the prime players functioning in the global plant growth regulators market.
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