Cytokinins will create a major chunk of demand in plant growth regulators market over the forecast 2018-2025.

Selbyville, DE -- (SBWire) -- 01/28/2019 --Plant Growth Regulators Market was more than USD 5 billion in 2017 and will witness 8.5% CAGR during the forecast timespan. Plant Growth Regulators (PGR) Market is forecast to exceed USD 9.7 billion by 2025; according to a new research report by Global Market Insights. Focusing on the adverse effect of climate change on the cultivation of crops, players in plant growth regulators market have lately been encouraging farmers to increase the productivity of crops.

The rapidly growing population across the globe and the corresponding food production have come out to be inversely proportional. In accordance, several regulatory bodies and groups like the Food and Agriculture Organization (FAO) are also contributing toward controlling the hunger and food deficit across the globe.

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Diet pattern of population in this region is gradually changing and the focus has been considerably shifted over food quality and quantity. This has escalated demand for enhanced crop productivity, in the region and thus propelling plant growth regulators demand in past few years. Moreover, farmers in Asia Pacific have begun using plant growth regulators for achieving quick and early yield to maximize market profits while protecting crop from cold and diseases at the same time.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. BASF
2. DuPont
3. Syngenta
4. Bayer
5. Nufarm
6. Nippon Soda Co Ltd
7. Tata Chemicals
8. Valent BioSciences
9. ADAMA Agricultural Solutions Ltd
10. Arysta Lifescience

Strong foothold of fertilizers in the agriculture is likely to hamper the product demand over the forecast period. In addition, stringent regulations regarding the usage of pesticides is anticipated to restrict plant growth regulators demand to some extent.

Cytokinins will create a major chunk of demand in plant growth regulators market over the forecast timespan. Growing acceptance for genetically modified seeds and crops in nations including Brazil, India, Sri Lanka, Indonesia will be fueling the global cytokinins demand. Cytokinins are generally used in seed germination and plant cell division. Gibberlins is another major product segment which will experience a healthy CAGR in near future. This can be attributed to its applications in wide range of crops for stem elongation, dormancy breaking and other crucial plant growth processes.

Cargill is one of the leading contributors of plant growth regulators market that has been supporting farmers across the globe to adapt to the changing climatic conditions by investing in innovations and providing training to the farmers. In addition, it also has been collaborating with multilateral organizations, governments, and civil society groups to encourage farmers to use plant growers that will build resilience across the global food system.

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Plant growth regulators market, product by application

o Cytokinins
o Auxins
o Gibberlins
o Ethylene
o Other

Plant growth regulators market by application

o Fruits & vegetables
o Cereals & grains
o Oil seeds & pulses
o Turf & ornaments

Cereals & grains application segment will create a significant product demand over the next few years. Cereals and grains are major part of the human diet from thousand years. According to the world bank reports cereals production in 2000 was 2.053 billion metric tons and reached 2.849 billion metric tons in 2015. This exponential production and growth in cereals production is likely to boost the product demand in near future. Oil seeds and pulses shall create a major chunk of Plant Growth Regulators (PGR) market over the forecast period, due to rising demand for oil seeds and pulses in nations including India, China, Taiwan, Thailand and Indonesia.

Asia Pacific PGR market shall expand with highest CAGR over the forecast period. This can be attributed to the countries in Asia Pacific spending more than before on agriculture sector, which is due to growing food demand across the region. For instance, the Agricultural Development Bank of China sanctioned a loan of nearly USD 450 billion for the betterment and improvement of Chinese Agriculture industry by 2020.

As a result, the farmers in the nation are willing to adopt crop production chemicals such as plant growth regulators to enhance the overall output of major farm products such as grains, cotton, tobacco, fruits, etc. in China. The burgeoning population of Asia Pacific is coercing with the demand for improved food crops at reduced price, which is likely to boost the plant growth regulators and bio-based stimulators demand in the region during the forecast timeframe.

Browse key industry insights from the report, "Plant Growth Regulators Market" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/plant-growth-regulators-market

Many giant players are working in the PGR market. Some prominent players include Syngenta AG, BASF SE, DowDuPont, Nippon Soda Co., Bayer AG, Nufarm Limited, Ltd., Tata Chemicals Ltd, Valent Biosciences LLC, Adama Agricultural Solutions Ltd and Arysta Lifescince. Vendors operating in the plant growth regulators market are engaged in mergers & acquisitions for grabbing larger chunk of customer base. For instance, in June 2018, Bayer completed the acquisition of Monsanto shares in the U.S. This acquisition will increase Bayer's product and customer base in agriculture market in the country.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.