Statistics of Plant
Growth Regulators Market covering
market size, industry share numbers, regional outlook, competitive landscape
with data about leading companies is now available in the latest report by
Global Market Insights, Inc.
Plant Growth Regulators
Market size is anticipated to observe a surge in demand due to its efficient
functioning as a messenger for intercellular communication. They are used to
regulate development of crops and plays vital role in ensuring agricultural
productivity. They do not cause any harm to humans as they are used in
accordance with good agricultural activities. This technology is viewed as a
business opportunity to enhance product quality and associated safety
purposes.
Rise in agriculture
investments will drive plant growth regulators market size. The technology is
used to understand crop development and productivity. It has several advantages
over fertilizers that include increased yield, simple application and reduced
labor cost. The procedure is easy and cost effective for boosting crop output
under farmer’s field condition. Technology helps farmers by making work easier
and more productive.
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Increasing consumer awareness towards health and fitness
has accelerated demand for fruits and vegetables. Technology helps to reduce
fruit drop, crop stress protection and root formation. This in turn will uplift
plant growth regulators market size over the forecasted period.
Horticulture industry is growing at a very fast pace.
This branch of agricultural deals with science, technology and business of
growing crops. Increasing demand for medicated crops, seeds, sprouts, mushroom
and flowers has fueled horticulture industry and has positively influenced plant
growth regulators market.
Trend for gardens and farming in houses has
tremendously increased in past few years and is further anticipating upsurge in
the forecast time period. People are highly developing gardens with various
varieties of plants and trees for gardening purpose and decorations. With
growing interest of people towards gardening and decorative farming, plant
growth regulators market will even witness surge.
Misuse of the technology can lead to excessively fast
crop development that could result into ripening on the fruit surface with core
remaining raw and will degrade quality of fruits and vegetables. Its
disadvantages to crops comprising of erratic crop response, increased weed
pressure and permanent exploitation of crop development may hinder demand of
plant growth regulators market.
Plant regulator growth market is segmented on the
basis of product into ethylene, gibberellins, auxins, cytokinins and abscisic
acid. End user of these goods majorly includes agriculture industry. On the basis
of application into pulses, crops, grains, fruits and vegetables.
Asia Pacific, led by India will witness substantial
upsurge in plant growth regulators market in next five years. Agriculture plays
an important role in the development of Indian economy. Over 50 % of the rural
households depends on agriculture. The technology is used in crops for
productivity and longevity in the agricultural fields. Several government
initiatives comprising of establishment of National Bank for Agriculture and
Rural Development (NABRAD) and Niti Ayog will drive the industry. The sector is
further expecting growth that will positively affect industry demand.
Kenya is the fastest growing economy for horticulture.
It is ranked 3rd in terms of foreign exchange earnings from exports. Cut
flowers production, fruits and vegetables are main aspects for progress of
horticulture industry in the country. Regulatory framework in the country that
includes horticulture crop development authority is encouraging development in
the country is positively influencing demand in Africa for plant growth
regulators market.
United Kingdom will witness surge in plant growth
regulators market in forecast period. The country consists of maximum number
houses with large and well maintained garden. It has number of castles, palaces
and manor homes. Technology is extensively used in gardens for plantations of
high quality flowers and decoration. Growing interest of people towards
gardening in the country will boost plant growth regulators market size over
the forecasted period.
Prominent players in plant growth regulators market
are Orbit Chemical Industries, Dow Chemical Company, Redox Industries limited,
Anyang, Agroenzymas, Atlas Agrobi, Privat Company Arsis, Blue Green Group
Company Limited, Olimpum and Shanghai Mingdou Chemical. East Africa based
Catalyst Principle Partners has announced its investment in Orbit Chemical
Industries, aiming to increase its existing manufacturing line and product
range. It was support strong development of existing as well as new customers
across Africa and beyond. The investment will lead to high quality product, low
manufacturing cost and higher standard of compliance. It is an ambitious plan
for strong development and regional expansion for future progress and revenue
maximization.
This latest Plant
Growth Regulators Market research
report offers in-depth analysis, key industry insights, market sizing &
forecast on a granular level for key products, applications across number of
regional markets. The report also analyzes the Plant
Growth Regulators from
business strategy perspective, describing in detail growth drivers, pitfalls
&challenges for participants, accompanied by a detailed competitive
benchmarking including company market share analysis and detailed business
profiles.
Reasons to Buy This Report
•
Global Plant Growth Regulators Market size & forecast by product
& application.
•
Growth drivers, pitfalls & industry challenges.
•
Key Plant Growth Regulators Market growth opportunities & emerging
business models.
•
Competitive benchmarking with market share analysis and company profiles.
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