Paclobutrazol Market by Type (95% TC and Others) and Application (Decorative Plants, Fruits, Vegetables, Cash Crops, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023
Portland, OR -- (SBWIRE) -- 11/24/2017 -- Paclobutrazol is a triazolic plant growth regulator/fungicide, which controls vegetative growth and supports pruning in different plants & trees. The main function of this fungicide is to maintain health & vitality of plants and promote compactness. Moreover, it works by blocking gibberellin biosynthesis and reducing abscisic acid, ethylene, & indole-3-acetic acid levels along with increasing cytokinin levels. Furthermore, the various economic & additional benefits of paclobutrazol include improved color, fewer clipping, deeper roots, fewer seedheads, and ease in trimming.
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The growth of the paclobutrazol market is driven by rise in demand for fruits & vegetables, led by changing dietary patterns. In addition, increase in awareness among people towards food security and decline in utilization of arable land are anticipated to boost the market growth in the near future. Moreover, rise in demand for pactobutrazol in non-crop applications such as ornamental plants and turf is projected to fuel the market growth during the forecast period. However, limited awareness regarding the benefits of paclobutrazol among farmers is expected to hamper the market growth.
The report segments the paclobutrazol market on the basis of type, application, and geography. Based on type, the market is divided into 95% TC and others (different concentration of paclobutrazol available for sale). Applications covered in the study include decorative plants, fruits, vegetables, cash crops, and others. Geographical breakdown of the market includes North America, Europe, Asia-Pacific, and LAMEA.
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