The demand for plant growth regulators continues to witness an increasing trend in the market owing to the boost in the demand for organically produced goods by consumers.
Albany, NY -- (SBWIRE) -- 07/12/2019 -- To cater to these demands and to increase their foothold in the market, manufacturers are implementing several strategies such as mergers, acquisition, alliances, and product launches. Demand for the product is likely to grow due to decreasing area of productive land, increasing urbanization, and growing global population. Declining farming yield because of environmental changes with growing consumer preference for organic food products is predicted to positively impact the market growth. Moreover, plant growth regulators market is also driven by the increased need for herbal medicines. Currently, many pharmaceutical firms are investing heavily in research & development for medicines produced from plants to meet the growing demand for herbal medicines. The aforementioned facts have been adopted from the report titled, "Plant Growth Regulators Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2027," that has recently been included in the large database of Market Research Hub (MRH). On the basis of region, Asia Pacific is predicted to dominate the market owing to the knowledge possessed by individuals to create such products. Moreover, government in this region has introduced agriculture favored policies and incentives, which, further boosts the production, thereby, increasing their foothold in the market. In terms of revenue, plant growth regulators market is predicted to be worth more than five billion during the forecast period 2018-2027.
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Plant Growth Regulators Market: Scope of the Report
The plant growth regulators report offers a complete study of the plant growth regulators market for the period between 2018 and 2027. All significant technologies & trends that remarkably impact plant growth regulators market's growth have been examined in the research report. A segmental analysis on the plant growth regulators market has been provided to give readers an overall view of the past as well as future growth opportunities of the plant growth regulators market.
A comprehensive view on growth of the plant growth regulators market, related to revenue & volume has been provided across various regions that includes Middle East & Africa, Asia-Pacific, North America, Europe, and South America. Major factors impacting the market at the regional as well as global level have also been provided in the plant growth regulators market report. A country-level predictions have also been provided for all the regions studied in this research report.
This study also examines competitive landscape of the plant growth regulators market, wherein major players supporting growth of the market have been recognized and profiled. Profiling on the market players includes a SWOT analysis, along with examination of their key financials, company portfolio and recent developments.
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Plant Growth Regulators Market: Research Methodology
This report is compiled by following a comprehensive and robust research process that includes secondary and primary researches. Primary research comprises of detailed communications through telephonic, face-to-face interviews, and email with prominent industry players & opinion leaders.
Secondary research sources include external & internal regulatory databases, financial reports, investor presentations, proprietary databases, and national government documents. Additionally, data & facts collected through these researches are verified by in-house expert panel, to provide readers with legitimate information on plant growth regulators market.