Transparency Market Research has announced the addition of the "Plant Growth Regulators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering.
Albany, NY -- (SBWIRE) -- 10/06/2014 -- Global plant growth regulator market is growing at a significant pace in the present economy. Plant growth regulator market are chemicals that helping in nurturing, growing, and shaping plants in complex ways. These plant growth regulators or plant hormones control activities in a plant such as differentiation and cell division, ripening and flowering, and root and shoot growth. The plant hormones are manipulated in a plant at a very low concentration. Some of the plant growth regulators or hormones are naturally occurring, while a few such as abscisic acid, auxins, cytokinins, and ethylene are man-made. The synthetic plant growth regulators are made using plant tissue.
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Some of the important market drivers for the plant growth regulators market are growing demand for crop productivity and forecasted challenges relating to survival of plants under adverse environmental conditions. These factors have also evoked a new interest in research of root biology. The other crucial market drivers worth noting are ongoing genetic and physiological studies about that support the impact of plant growth regulators in development of roots. Additionally, growing textile industry, budding demand for organic farming industry is also expected to boost the growth of global plant regulators market.
Expert industry analysts explain the global plant growth regulators market with graphs, tables, and charts to facilitate ease of understanding. These reports on plant growth regulators also include a SWOT analysis and Porter’s five forces analysis. This helps the reader in understanding the complete picture that plant growth regulators market has to offer.
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Plant Growth Regulators Market Segmentation :
The plant growth regulators market has been segmented on the basis of products such as cytokinins, auxins, and others which is inclusive of mepiquate chloride, gibberellins, etc. The report also classifies the plant growth regulators market on the basis of geography such as North America, Europe, Asia Pacific, and the Rest of the World which is inclusive of Latin America, Africa, and Middle East.
According to industry analysts, cytokinin was the majorly consumed plant growth regulators in 2012, accounting to about 40% of the global demand. Cytokinins are also expected to be the fastest growing plant growth regulator in the forecasted period. The factor fueling the demand for cytokinins segment in the global plant growth regulators market is its ability to improve a plant’s endurance to bear water deficiency by preserving the carbon and nitrogen absorption process during stress. On the other hand, auxins are also witnessing a growth in the global plant regulators market as there is a growing demand for medicinal plants in the flourishing herbal medicine industry. Owing to the growth of textile industry, plan growth regulators such as gibberellins and mepiquat chloride are also likely to grow at fast pace as they are largely used in cotton plants and seed germination processes.
According to industry analysts, demand for plant growth regulators was the highest in Europe in the year 2012 due to organic farming wave that extensively uses auxins, cytokinins, and gibberellins. The emerging organic farming industry in North America along the growing cotton industry also fueled the high demand for plant growth regulators in this region. However, in the forecasted period, Asia Pacific is likely to the fastest growing plant growth regulator market at a CAGR of 9.2% from 2013 to 2019. Growing textile industry is the main cause of this surge. The report also contains profiles of some of the key players in the plant growth regulators market such as DuPont, BASF, Crop Care Limited, Bayer CropScience, NuFarm Limited, Redox Industries Ltd, and Sichuan Guoguang Agrochemical Co., Ltd.
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