Albany, NY -- (SBWIRE) -- 02/12/2019 -- Plant growth regulators have sought extensive adoption in the modification of plant physiological processes that include regulating the plant metabolism and inhibiting or stimulating enzyme systems. Plant growth regulators also seek robust 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.

Rising Need to Protect Crops Drives Uptake of Plant Growth Regulators

Plant growth regulators find application in modifying physiological processes in plants. Those include metabolism or stimulation or control of enzyme systems. The global plant growth regulator market is seeing rising demand because of the pressing need to protect crops in the face of rising demand for food worldwide. Elaborates the lead analyst of the TMR report, "In order to protect crops and also lessen production costs, farmers all over the world are increasingly adopting new methods involving the use of organic farming and agrochemicals. This is providing a good boost to the global plant growth regulators market which helps to increase the profitability in organic farming."

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Widespread Fertilizer Usage Dampens Sales in Plant Growth Regulator Market

There are headwinds facing the market nonetheless. The most challenging of all is the widespread usage of fertilizers for producing crops. However, strict rules and regulations with respect to the usage of pesticides which can cause harm to soil and water, and even make their way into human bodies, is serving to generate opportunities in the global plant growth regulators market, which are a more affordable bio based alternatives.

Cotton Industry Major Demand Driver

The cotton industry is one of the major drivers of the global plant growth regulators market since the products find usage in regulating cotton metabolism. "A burgeoning textile industry in nations of Germany, Turkey, India, Bulgaria, and China is driving up demand for cotton, thereby benefitting the plant growth regulators market," adds our in-house expert.

In a bid to ensure crop protection and curtail production costs, farmers are being compelled to opt new methods that include use of agrochemicals and organic farming, on account of increasing profitability concern. This will further create high demand for plant growth regulators, particularly in the agriculture-driven economies. However, robust foothold of fertilizers in the agriculture sector, which has endured for a long time, is likely to constrain demand for plant growth regulators to a certain extent. Stringent regulations pertaining to pesticides are also anticipated to restrain demand for plant growth regulators by shifting the farmers' focus toward cost-effective, bio-based alternatives.

Cytokinins to Lead the Market by Hormone Type

Among various hormone types in the plant growth regulators market globally, cytokinins are likely to lead the market in terms of revenues through the forecast period. Cytokinins have been increasingly employed for as key phytohormones for inducing cell division in the plant shoots and roots, along with improving dormancy, cell enlargement, fruiting, and flowering in plants. Cytokinins are highly sought-after among various industrial sectors including cosmetic, agriculture, food, pharmaceutical, and biomedicine.

Fruits & vegetables are likely to prevail as the dominant crop type in the global plant growth regulators market. Utilization of plant growth regulators in fruits & vegetable crops helps in preventing their senescence and enhancing the overall yield. In addition, growing health-consciousness among consumers has led them in preferring healthier and more nutritious consumption habits by incorporating a wide variety of fruits and vegetables in their diet.

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Adoption of organic farming activities has surged considerably in Europe, with larger availability of arable land for organic practices. This has further driven adoption of bio-based substitutes of fertilizers such as plant growth regulators. In addition, textile industry across European countries are witnessing robust expansion. On account of these factors, Europe is expected to remain the most lucrative market for plant growth regulators.

There are different types of hormones deployed in the global plant growth regulators market. Among those, cytokinins are leading with respect to revenue generation. This is because of their increasing usage as key phytohormones for bringing about cell division in the plant roots and shoots, alongside bettering dormancy, fruiting, cell enlargement, and flowering. Besides, cytokinins are much in demand in different industrial sectors such as cosmetics, pharmaceuticals, and biomedicines. Geographically, Europe is a key region in the global plant growth regulator market where large tracts of land are devoted to organic farming.