The global Plant Growth Regulators Market is set to experience a period of robust growth owing to steadily increasing world population. Fortune Business Insights shares this information in its new report, titled “Plant Growth Regulators Market Size, Share & Industry Analysis, By Type (Cytokinins, Auxins, Gibberellins, Ethylene, Others), By Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others) and Regional Forecast, 2020-2027”. Additionally, the report provides:
- Meticulous research into the market drivers, trends, factors, and restraints;
- Detailed assessment of the market segments;
- 360-degree analysis of overall industry outlook;
- Projections of future prospects of the market; and
- In-depth evaluation of the regional and competitive dynamics characterizing the market.
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Market Drivers and Trends:
- Growing world population – According to the UN Department of Economic and Social Affairs (DESA), global population is expected to reach 8.6 billion by 2030 and 9.8 billion by 2050. As a result, demand for food is likely to spike in the next decade, boding well for the Plant Growth Regulators Market growth.
- Increasing need to narrow food security gaps – Numbers released by the World Bank reveal that around 151 million children below the age of 5 are suffering from chronic malnutrition. Moreover, close to 2 billion people worldwide are deficient in essential micronutrients to be productive and ward off diseases. This would necessitate elevating agricultural productivity, which will be one the key Plant Growth Regulators Market trends.
- Development of revolutionary technologies – The agriculture sector is undergoing rapid transformations on account of introduction of next-generation technologies. For example, governments and academic institutions are increasingly investing in developing genome editing tools such as CRISPR to build higher pest resistance in crops and increase their capacity to create food. Other advanced technologies such as blockchain, AI, and IoT are also enhancing the Plant Growth Regulators Market potential in the forthcoming years.
Major Segments includes:
By Crop Type
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
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Major players are adopting different strategies, such as mergers & acquisitions, new product launches, and strategic collaborations, to gain a competitive edge in the market.
Some of the key players covered in the Plant Growth Regulators Market Size report include
- Corteva Agriscience,
- BASF SE,
- The Dow Chemical Company,
- Bayer CropScience,
- Nufarm Ltd.,
- Barclay Crop Protection,
- Valent Biosciences Corporation,
- Redox Industries Ltd.,
- Sumitomo Chemical, and Others.
This market has been segmented into different regions such as North America, Europe, and Asia-Pacific. Among these, is anticipated to dominate the Plant Growth Regulators Market share during the forecast period
Major Table of Content for Plant Growth Regulators Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Plant Growth Regulators Market Analysis, Insights and Forecast, 2014-2026
- North America Plant Growth Regulators Market Analysis, Insights and Forecast, 2014-2026
- Europe Plant Growth Regulators Market Analysis, Insights and Forecast, 2014-2026
- Asia Pacific Plant Growth Regulators Market Analysis, Insights and Forecast, 2014-2026
- Middle East and Africa Plant Growth Regulators Market Analysis, Insights and Forecast, 2014-2026
- Latin America Plant Growth Regulators Market Analysis, Insights and Forecast, 2014-2026
- Competitive Landscape
- Company Profile
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