Market Data Forecast

Growing Textile Market Coupled with Increasing Awareness of Organic Farming Drive the Market for Plant Growth Regulators Market

The Global Plant Growth Regulators Market is projected to reach USD 6,661.7 million by 2022 owing to Cutting-edge practices in organic farming


Hyderabad, India -- (SBWIRE) -- 01/11/2018 -- The report on " Global 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 - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2017–2022)" is published by Market Data Forecast.

The Global Plant Growth Regulators Market was valued at USD 5,189.5 million in 2016 and computable to the rise in the CAGR of 4.32%, to attain USD 6,661.7 million by 2022 Plant Growth Regulators helps in increasing the provision of the first nutrients to the plants. Which intern promote and modify the growth of the plants such as elongation of stems, formation of flowers & leaves and development of fruits..

The key facts which are responsible for increasing the global plant growth regulators are growing textile market, increasing popularity of organic farming and rising demand for cotton. The latest trendy practices in organic farming and increasing fondness towards eco-friendly ways of farming area unit are also driving the plant growth regulators market. However, use of agro chemicals by the farmers is the key restraining issue for the market.

Browse through 175 Pages and in-depth TOC on " Global Plant Growth Regulators Market"

According to the report by market data forecast on segmentation, The Global Plant Growth Regulators market has been categorized into product type and, type. On the basis of Type, The Global Plant Growth Regulators market is classified Gibberellins, Auxins, and Cytokinins, and Others. On the basis of Crop Type, the global Plant Growth Regulators market is separated into Turf & Ornamental Grass, Grains & Cereals, Oil seeds, Fruits & Vegetables, and Others.

On the basis of type, Cytokinins lead the world plant growth regulators market, accounting for over 40% of the market share, and are projected to witness the promising growth. Demand for cytokinins has been on the rise owing to their widespread usage. On the basis of Crop Type, Cereals & Oilseeds leads the Global market of plant growth regulators and then it is followed by fruits & Vegetables.

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According to the information on geographical analysis by market data forecast, the Global Plant growth regulators market is classified into Europe, Middle-East, Latin America, North America and Africa and Asia Pacific. Demand for the plant growth regulators market was considerably high Europe in 2016. North America also attributed for a promising share owing to the fleetly developing organic farming business combined with the large cotton industry. Developing countries like India and China are projected to witness fastest growth in this market thanks to the big scale cotton industries in these regions.

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The main policies enforced by the businesses to extend their market share within the plant growth regulators market are new product, and mergers & acquisitions. The strategy of economic and robust yielding product would result in improved user gratification. The prominent companies influencing the global Plant Growth Regulators market are Xinyi Industrial Co Ltd, FMC Corporation, DuPont, BASF SE, Tata Chemicals Limited, and Bayer Crop Science.

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