WIN SIVERS DRIVE, OR, UNITED STATES,25th November 2024 — Allied Market Research recently released a comprehensive report on the global plant growth regulators market, highlighting key industry insights to help companies gain a thorough understanding of the sector. The report indicates that the market is projected to reach $7.4 billion by 2031, with a CAGR of 13.9% from 2022 to 2031. The industry accounted for $2.2 billion in 2021.
𝗞𝗲𝘆 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 𝗰𝗼𝘃𝗲𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗿𝗲𝗽𝗼𝗿𝘁:
- What are the growth drivers and market restraints in the plant growth regulators industry?
- Which segment is expected to gather the highest revenue share in the market?
- Which region is projected to have the largest market value?
- What is the total revenue share of the landscape?
𝐏𝐫𝐢𝐦𝐞 𝐝𝐞𝐭𝐞𝐫𝐦𝐢𝐧𝐚𝐧𝐭𝐬 𝐢𝐧𝐟𝐥𝐮𝐞𝐧𝐜𝐢𝐧𝐠 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭’𝐬 𝐠𝐫𝐨𝐰𝐭𝐡
The plant growth regulators industry has witnessed significant growth due to increase in use of agrochemicals by farmers to protect crops and enhance productivity. Moreover, the rise in trend of in-house gardening and farming is expected to increase the demand for these bio stimulants. Nowadays, consumers are more inclined toward maintaining a healthy lifestyle, which has increased the demand for fruits and vegetables. This is expected to create wide growth opportunities for the sector in the coming period. In addition, a surge in the need for medical crops, seeds, and flowers is expected to boost the use of plant growth regulators in horticulture businesses during the estimated timeframe. However, lack of awareness about numerous benefits of bio-inhibitors impedes market growth moderately.
𝐖𝐚𝐧𝐭 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐚𝐥 𝐃𝐚𝐭𝐚 𝐚𝐧𝐝 𝐆𝐫𝐚𝐩𝐡𝐬, 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬’ 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬:
𝐋𝐚𝐭𝐞𝐬𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
Rise in demand for sustainable farming practices and enhanced crop yields have brought significant advancements in bio stimulants in the past few years. Furthermore, there is a rise in emphasis on the use of bio-inhibitors, which have become popular due to their ability to enhance plant growth and resilience. These natural substances improve nutrient uptake and stress tolerance, leading to healthier crop production.
Moreover, the increased use of auxins and gibberellins, which are known for promoting root development and fruit growth, has played a major role in enhancing stem elongation and flowering. Their effectiveness in increasing crop yield boosts the usage of these bio-stimulants in modern agriculture.
In addition, rise in integration of plant growth regulators with precision agriculture technologies, such as IoT and data analytics, has opened new possibilities in the agriculture industry. They prevent and control crop disease and promote sustainable development of crops, maximizing yield while minimizing environmental impact.
𝐆𝐞𝐭 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭:
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬
The AMR report offers a detailed analysis of the competitive landscape within the industry, utilizing scientific analytical tools such as Porter’s Five Forces. This study aims to provide companies with insights into the various strategies adopted by leading corporations.
𝐓𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐬 𝐦𝐚𝐣𝐨𝐫 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭, 𝐬𝐮𝐜𝐡 𝐚𝐬:
Corteva Agriscience
FMC Corporation
Arysta Life science
Syngenta AG
TATA Chemicals Limited
UPL Limited
BASF SE
Nufarm
Sumitomo Chemical Australia
Bayer Crop Science AG
In conclusion, the AMR report delivers actionable insights and market intelligence on the plant growth regulators industry, enabling businesses to formulate strategies for enhancing their presence in the sector. In addition, the valuable information provided in the study assists companies in making informed investment decisions for long-term success.
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