Plant growth regulators are natural or artificial substances that help control and modify, if needed, the growth of commercially grown plants. Many plant growth regulators are found in nature and merely refed to the plants after extraction from their natural sources.

Albany, NY -- (SBWire) -- 06/16/2015 --Some variants, however, are man-made and have to be developed synthetically. These substances are in demand owing to growing demand for organic farming, which frown upon the usage of artificial fertilizers, and cotton and other textile fibers, which require high amounts of nutrients and growth regulators to thrive.The global plant growth regulators market, which was worth US$3,360 million in 2012, is expected to expand at an 8.5% CAGR from 2013 to 2019 and total US$5,936.2 million by the end of the forecast period.

Cytokinins, Auxins, Plant Hormones to Lead Global Plant Growth Regulators Market

Cytokinins were the dominant product category of plant growth regulators in terms of global market share in 2012, accounting for more than 40%. The segment is expected to witness steady growth in demand over the forecast period, helping it continue as the market leader through 2019. The reason for the high demand for cytokinins is that they enhance the plant's carbon and nitrogen assimilation processes, particularly when the plant is experiencing some adverse environmental stimulus. They also help boost the plant's ability to sustain dry times with minimal loss of organic material. These crucial factors aid the demand for cytokinins.

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Auxins are becoming increasingly important in commercial farming, due to their use in medical plants. The market for medical plants is growing at a strong rate, due to their growing usage in herbal medicines, and is expected to prop up the demand for auxins in the coming years.Plant hormones such as gibberellins and mepiquat chloride are gaining prominence in the global plant growth regulators market owing to their large-scale use in textile crops such as cotton. The growing textile industry all over the world is helping keep up the demand for cotton, in turn boosting growth prospects of the global plant growth regulators market.

Europe Leads Global Plant Growth Regulators Market, Demand for Organic Food to Keep European Market Dominant

Europe leads demand from the global plant growth regulators and is also a significant manufacturer of the same, due to the presence of several major market players and established practice of using plant growth regulators in farming. Europe held a share of more than 50% in the global plant growth regulators market in 2012 and is expected to maintain and even possibly increase its market share over the coming years.

Demand for organic food and increasing production of the same in Europe is a major growth driver for the Europe market for plant growth regulators. Due to its abhorrence of artificial fertilizers, the organic food industry relies heavily on plant growth regulators to boost production. The purported health and environmental benefits of organic food have resulted in growing demand from North America, particularly the U.S., and several European countries. This will help the global plant growth regulators market post strong sales figures in the coming years.

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