The Plant Growth Regulators Global Market Report 2023, provides comprehensive information on the plant growth regulators market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Plant Growth Regulators Global Market Report 2023, the market size is expected to grow from $2.69 billion in 2022 to $2.96 billion in 2023 at a compound annual growth rate (CAGR) of 10.21%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every market across the globe. The global plant growth regulators market size is expected to reach $4.23 billion in 2027 at a CAGR of 9.30%.
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Product innovation is a key trend gaining popularity in the plant growth regulator market. Major companies operating in the plant growth regulators market are focusing on developing innovative products to sustain their position in the market. For instance, in January 2020, BASF SE, a Germany-based multinational company, launched Attraxor®, a new plant growth regulator (PGR). Attraxor slows the growth of the grass’ longitudinal shoots, reducing the need for mowing and the number of clippings produced. Attraxor has several distinctive qualities, including starting to work four hours after application, enhancing playability, increasing sward density, and producing excellent lawn quality and look., improves labor productivity, increases regulation of development against fine turf grass species, and enhances root formation, which results in better grass.
The plant growth regulators market is segmented:
1) By Type: Cytokinins, Auxins, Gibberelins, Ethylene, Other Types
2) By Formulation: Water-Dispersible And Water-Soluble Granules, Wettable Powders, Solutions
3) By Application Type: Fruits And Vegetables, Cereals And Grains, Oil Seeds And Pulses, Turf And Ornaments
Europe was the largest region in the plant growth regulators market in 2022.
The table of contents in TBRC’s plant growth regulators market report includes:
- Executive Summary
- Plant Growth Regulators Market Characteristics
- Plant Growth Regulators Market Trends And Strategies
- Plant Growth Regulators Market – Macro Economic Scenario
- Plant Growth Regulators Market Size And Growth
.
- Plant Growth Regulators Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Plant Growth Regulators Market
- Plant Growth Regulators Market Future Outlook and Potential Analysis
- Appendix
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