出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年4月
Plant Growth Regulators Market – Global Forecast to 2029
植物成長調整剤市場 : 種類 (オーキシン、サイトカイニン、ジベレリン、エチレン)、機能 (植物成長促進剤、植物成長阻害剤)、作物の種類 (穀物、油糧種子、果物、芝)、配合と地域別 – 2029年までの世界予測
Plant Growth Regulators Market by Type (Auxins, Cytokinins, Gibberellins, And Ethylene), Function (Plant Growth Promoters, And Plant Growth Inhibitors), Crop Type (Cereals, Oilseeds Fruits, Turfs), Formulation and Region – Global Forecast to 2029
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| 価格 | |
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| マルチユーザライセンス（5名） | USD 6,650 |
| コーポレートライセンス | USD 8,150 |
| エンタープライズサイトライセンス | USD 10,000 |
| 種別 | 英文調査報告書 |
Report Overview
The global market for plant growth regulators is estimated at USD 3.3 billion in 2024 and is projected to reach USD 4.6 billion by 2029, at a CAGR of 7.2% during the forecast period.
植物成長調整剤の世界市場は、2024 年に 33 億米ドルと推定され、予測期間中の CAGR は 7.2% で、2029 年までに 46 億米ドルに達すると予測されています。
Shifting consumer preferences towards organic and sustainably produced food products are further fueling the demand for plant growth regulators. These regulators allow farmers to reduce the reliance on chemical fertilizers and pesticides, aligning with the growing trend towards environmentally friendly farming practices. Furthermore, the expansion of the horticulture and floriculture industries, particularly in urban areas, is driving the need for plant growth regulators to ensure optimal plant growth and flowering. Additionally, government initiatives and policies promoting sustainable agriculture are encouraging the adoption of plant growth regulators among farmers worldwide. These initiatives aim to address food security concerns, promote agricultural sustainability, and mitigate the environmental impact of farming activities. Overall, the combination of increasing food demand, technological advancements, changing consumer preferences, and supportive government policies is driving the growth of the plant growth regulators market, with promising prospects for further expansion in the future.
“Strong demand for high-value crops.”
The increasing demand for high-value crops, driven by factors such as rising incomes, rapid urbanization, and growing health consciousness, serves as a significant driver for the plant growth regulators market. High-value crops like fruits, vegetables, and plantation crops are sought after due to their economic value and nutritional benefits. With the global production of primary crops on the rise, particularly high-value crops like sugar cane, corn, wheat, and rice, there is a growing need to optimize their growth and yield. Plant growth regulators play a crucial role in enhancing the productivity and quality of these crops by promoting uniform growth, improving resilience to environmental stressors, and optimizing resource utilization. As farmers strive to meet the increasing demand for high-value crops on limited arable land, the adoption of plant growth regulators becomes indispensable for maximizing yields and ensuring consistent supply to meet market demands. Therefore, the strong demand for high-value crops serves as a driving force behind the growing utilization of plant growth regulators in modern agriculture.
“In 2023, plant growth promoters dominated the plant growth regulators market within the function segment. “
Plant growth promoters encompass various substances, including beneficial microorganisms like plant growth-promoting rhizobacteria (PGPR), mycorrhizal fungi, and biostimulants, which stimulate plant growth and development through various mechanisms. These substances enhance nutrient uptake, improve stress tolerance, and stimulate hormonal activity within plants, leading to increased vigor, yield, and overall health. Several factors contributed to the prominence of plant growth promoters in 2023. Firstly, there was a growing emphasis on sustainable agricultural practices, driven by environmental concerns and regulatory pressures. Plant growth promoters offer eco-friendly solutions that reduce the reliance on chemical fertilizers and pesticides, aligning with the principles of sustainable agriculture. Additionally, advancements in biotechnology and microbiology facilitated the development of novel plant growth-promoting products with enhanced efficacy and specificity, further boosting their adoption in the market. Moreover, increasing awareness among farmers about the benefits of biologicals and plant microbiome interactions fueled the demand for plant growth promoters. As growers sought alternatives to conventional agricultural inputs, they turned to plant growth promoters to improve soil health, enhance crop resilience, and achieve better yields.
“Within the formulation segment of plant growth regulators market, solutions form is expected to grow constantly during the forecast period.”
In the formulation segment of the plant growth regulators market, the solutions form is anticipated to witness continuous growth throughout the forecast period. This trend can be attributed to several factors driving the preference for solutions over other forms of formulations. Firstly, solutions offer convenience and ease of application, making them popular among farmers and agricultural professionals. With solutions, plant growth regulators can be easily mixed with water and applied through various methods such as foliar spray, soil drenching, or irrigation, ensuring efficient and uniform distribution across crops. Solutions provide versatility in dosage and application, allowing for precise control over the concentration and timing of plant growth regulator application. This flexibility enables growers to tailor their treatment strategies according to specific crop requirements, growth stages, and environmental conditions, thereby optimizing the effectiveness of the plant growth regulators and maximizing crop yields.
“The plant growth regulators market in North America is anticipated to maintain consistent growth throughout the forecast period.”
The anticipated consistent growth of the plant growth regulators market in North America can be attributed to several factors. Firstly, there is a growing emphasis on sustainable agricultural practices in North America, driven by concerns over environmental conservation and food security. Plant growth regulators play a vital role in sustainable agriculture by enhancing crop yield, improving stress tolerance, and optimizing resource utilization. Additionally, advancements in agricultural technology and research are leading to the development of innovative plant growth regulator products with improved efficacy and safety profiles, further driving market growth. Moreover, increasing investments in agriculture, supportive government policies, and rising demand for high-quality and high-yield crops are expected to fuel the adoption of plant growth regulators across US, Canada, and Mexico. This combination of factors is likely to sustain the growth trajectory of the plant growth regulators market in North America over the forecast period.
The Break-up of Primaries:
- By Value Chain Side: Demand Side – 41% and Supply Side – 59%
- By Designation: CXOs – 31%, Managers – 24%, Executives – 45%
- By Region: North America – 25%, Europe – 25%, APAC – 25%, South America – 15%, and RoW – 10%
Key players in this market include BASF SE (Germany), Corteva Agriscience (US), Syngenta Group (Switzerland), FMC Corporation (US), Nufarm (Australia), Bayer AG (Germany), Tata Chemicals Ltd. (India), UPL (India), Sumitomo Chemical Co., Ltd. (Japan), Nippon Soda Co., Ltd. (Japan), Sipcam Oxon Spa (Italy), De Sangosse (France), DHANUKA AGRITECH LTD (India), Sichuan Guoguang Agrochemical Co., Ltd. (China), and Zagro (Singapore).
Research Coverage:
The report segments the plant growth regulators market based on crop type, function, formulation, type, and region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the plant growth regulators market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, services, key strategies, contracts, partnerships, and agreements. New product launches, mergers and acquisitions, and recent developments associated with the plant growth regulators market. Competitive analysis of upcoming startups in the plant growth regulators market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall plant growth regulators market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (strong demand for high-value crops, rise in resistance development in certain pest and insect species to drive market, and rise in trading requirements for industrial activities), restraints (Long approval period for new products and threat to human health from residue production) opportunities (increasing importance of sustainable food production globally and increased production and yield of crops), and challenges (identification of plant growth regulator-modulated genetic/multigenic expressions and lack of awareness among growers regarding benefits of plant growth regulators).
• Product Development/Innovation: Detailed insights on research & development activities and new product launches in the plant growth regulators market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the plant growth regulators market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the plant growth regulators market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like BASF SE (Germany), Corteva Agriscience (US), Syngenta Group (Switzerland), FMC Corporation (US), Nufarm (Australia), Bayer AG (Germany), Tata Chemicals Ltd. (India), UPL (India), Sumitomo Chemical Co., Ltd. (Japan), Nippon Soda Co., Ltd. (Japan), Sipcam Oxon Spa (Italy), De Sangosse (France), DHANUKA AGRITECH LTD (India), Sichuan Guoguang Agrochemical Co., Ltd. (China), Zagro (Singapore), Chemicals Direct (Australia), Hangzhou Tianlong Biotechnology Co., Ltd. (China), sikkoindia (India), Barclay Chemicals (Ireland), PBI-Gordon Companies, Inc., (US), Chaitanya Agro Biotech Pvt. Ltd. (India), Aristo Biotech (India), Redox Industries Limited (India), WinField United (US), and OMEX Agriculture Inc. (Canada).
Table of Contents
1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.3 STUDY SCOPE 28
1.3.1 MARKET SEGMENTATION 28
1.3.2 INCLUSIONS & EXCLUSIONS 29
1.3.3 REGIONS COVERED 30
1.3.4 YEARS CONSIDERED 30
1.4 CURRENCY CONSIDERED 31
TABLE 1 USD EXCHANGE RATES, 2019–2023 31
1.5 VOLUME UNIT CONSIDERED 31
1.6 STAKEHOLDERS 32
1.7 SUMMARY OF CHANGES 32
1.7.1 RECESSION IMPACT 32
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
FIGURE 1 PLANT GROWTH REGULATORS MARKET: RESEARCH DESIGN 33
2.1.1 SECONDARY DATA 34
2.1.1.1 Key data from secondary sources 34
2.1.2 PRIMARY DATA 35
2.1.2.1 Key data from primary sources 35
2.1.2.2 Key industry insights 36
2.1.2.3 Breakdown of primaries 36
2.2 MARKET SIZE ESTIMATION 37
2.2.1 BOTTOM-UP APPROACH 37
FIGURE 2 PLANT GROWTH REGULATORS MARKET: DEMAND-SIDE ANALYSIS 38
2.2.2 TOP-DOWN APPROACH 38
2.2.2.1 Approach to estimate market size using top-down analysis 38
FIGURE 3 PLANT GROWTH REGULATORS MARKET SIZE ESTIMATION STEPS AND RESPECTIVE SOURCES: SUPPLY SIDE 39
FIGURE 4 PLANT GROWTH REGULATORS MARKET: SUPPLY-SIDE ANALYSIS 39
2.3 DATA TRIANGULATION 40
FIGURE 5 DATA TRIANGULATION METHODOLOGY 40
2.4 RESEARCH ASSUMPTIONS 41
2.5 LIMITATIONS & RISK ASSESSMENT 41
2.6 PLANT GROWTH REGULATORS MARKET: RECESSION IMPACT 42
2.6.1 RECESSION MACRO-INDICATORS 42
FIGURE 6 RECESSION INDICATORS 42
FIGURE 7 GLOBAL INFLATION RATE, 2011–2022 42
FIGURE 8 GLOBAL GDP, 2011–2022 (USD TRILLION) 43
FIGURE 9 RECESSION INDICATORS AND THEIR IMPACT ON PLANT GROWTH REGULATORS MARKET 44
FIGURE 10 PLANT GROWTH REGULATORS MARKET: EARLIER FORECAST VS. RECESSION FORECAST 45
3 EXECUTIVE SUMMARY 46
TABLE 2 PLANT GROWTH REGULATORS MARKET SNAPSHOT, 2024 VS. 2029 46
FIGURE 11 PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024 VS. 2029 (USD MILLION) 47
FIGURE 12 PLANT GROWTH REGULATORS MARKET, BY FORMULATION, 2024 VS. 2029 (USD MILLION) 47
FIGURE 13 PLANT GROWTH REGULATORS MARKET, BY FUNCTION, 2024 VS. 2029 (USD MILLION) 48
FIGURE 14 PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2024 VS. 2029 (USD MILLION) 49
FIGURE 15 PLANT GROWTH REGULATORS MARKET: REGIONAL SNAPSHOT 49
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PLANT GROWTH REGULATORS MARKET 51
FIGURE 16 RISING DEMAND FOR CASH CROPS AND NEED FOR NOVEL AGRICULTURAL SOLUTIONS TO DRIVE GROWTH OF PLANT GROWTH REGULATORS 51
4.2 EUROPE: PLANT GROWTH REGULATORS MARKET, BY TYPE & COUNTRY 52
FIGURE 17 AUXINS SEGMENT AND FRANCE TO ACCOUNT FOR SIGNIFICANT SHARE IN 2024 52
4.3 PLANT GROWTH REGULATORS MARKET: SHARE OF MAJOR REGIONAL SUBMARKETS 53
FIGURE 18 US TO ACCOUNT FOR LARGEST SHARE (BY VALUE) IN 2024 53
4.4 PLANT GROWTH REGULATORS MARKET, BY TYPE & REGION 54
FIGURE 19 CYTOKININS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 54
4.5 PLANT GROWTH REGULATORS MARKET, BY CROP TYPE & REGION 55
FIGURE 20 CEREALS & GRAINS SEGMENT TO LEAD MARKET DURING REVIEW PERIOD 55
4.6 PLANT GROWTH REGULATORS MARKET, BY FORMULATION & REGION 56
FIGURE 21 WATER-DISPERSIBLE & WATER-SOLUBLE GRANULES SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING STUDY PERIOD 56
4.7 PLANT GROWTH REGULATORS MARKET, BY FUNCTION & REGION 57
FIGURE 22 PLANT GROWTH PROMOTERS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MACROECONOMIC INDICATORS 58
5.2.1 INCREASE IN DEMAND FOR ORGANIC FOOD 58
FIGURE 23 TOP TEN COUNTRIES WITH LARGE ORGANIC AGRICULTURAL LAND, 2022 (MILLION HECTARES) 59
FIGURE 24 GLOBAL ORGANIC AGRICULTURAL LAND, BY REGION, 2022 59
5.2.2 DAMAGE AND LOSS OF AGRICULTURAL LAND 60
FIGURE 25 PER CAPITA ARABLE LAND AREA, 1960–2050 (HECTARE) 60
5.3 MARKET DYNAMICS 61
FIGURE 26 PLANT GROWTH REGULATORS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 61
5.3.1 DRIVERS 61
5.3.1.1 Rising demand for high-value crops 61
FIGURE 27 GLOBAL PRODUCTION OF FRUITS AND VEGETABLES, 2017–2022 (MILLION TONS) 62
5.3.1.2 Rise in trading requirements for industrial activities 63
5.3.1.3 Increased pesticide resistance in certain insect and pest species 63
5.3.1.4 Need for combating rapid climatic changes 64
5.3.2 RESTRAINTS 64
5.3.2.1 Lengthy approval process for new products 64
5.3.2.2 Threat to human health 65
5.3.3 OPPORTUNITIES 66
5.3.3.1 Growing emphasis on sustainable food production 66
5.3.3.2 Large-scale crop production 66
5.3.3.3 Technological innovation 67
5.3.4 CHALLENGES 67
5.3.4.1 Identification of plant growth regulator-modulate genetic/multigenic expressions 67
5.3.4.2 Lack of awareness among growers regarding benefits of plant growth regulators 68
6 INDUSTRY TRENDS 69
6.1 INTRODUCTION 69
6.2 VALUE CHAIN ANALYSIS 69
6.2.1 RESEARCH & PRODUCT DEVELOPMENT 69
6.2.2 RAW MATERIAL SOURCING 70
6.2.3 PRODUCTION & MANUFACTURING 70
6.2.4 PACKAGING, STORAGE, AND DISTRIBUTION 70
6.2.5 MARKETING, SALES, AND POST-SALES SERVICE 70
FIGURE 28 VALUE CHAIN ANALYSIS 71
6.3 TRADE ANALYSIS 71
TABLE 3 EXPORT VALUE OF PLANT GROWTH REGULATORS, BY KEY COUNTRY, 2023 (USD THOUSAND) 71
TABLE 4 IMPORT VALUE OF PLANT GROWTH REGULATORS, BY KEY COUNTRY, 2023 (USD THOUSAND) 72
TABLE 5 EXPORT VALUE OF PLANT GROWTH REGULATORS, BY KEY COUNTRY, 2022 (USD THOUSAND) 72
TABLE 6 IMPORT VALUE OF PLANT GROWTH REGULATORS, BY KEY COUNTRY, 2022 (USD THOUSAND) 73
6.4 TECHNOLOGY ANALYSIS 73
6.4.1 KEY TECHNOLOGIES 73
6.4.1.1 Crystal form technology 73
6.4.1.2 Nanosensors 74
6.4.1.3 Nanoparticle technology 74
6.5 PRICING ANALYSIS 74
6.5.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE 74
TABLE 7 AVERAGE SELLING PRICE (ASP) TREND OF KEY PLAYERS, BY TYPE, 2023 (USD/KG) 74
TABLE 8 AVERAGE SELLING PRICE (ASP) TREND, BY TYPE, 2019–2023 (USD/KG) 75
6.5.2 AVERAGE SELLING PRICE TREND, BY REGION 75
TABLE 9 AVERAGE SELLING PRICE (ASP) TREND, BY REGION, 2019–2023 (USD/KG) 75
6.6 ECOSYSTEM ANALYSIS/MARKET MAP 75
6.6.1 DEMAND SIDE 75
6.6.2 SUPPLY SIDE 76
FIGURE 29 PLANT GROWTH REGULATORS MARKET MAP 76
TABLE 10 PLANT GROWTH REGULATORS MARKET ECOSYSTEM 77
6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 78
6.7.1 REVENUE SHIFT AND NEW REVENUE POCKETS IN PLANT GROWTH REGULATORS MARKET 78
FIGURE 30 REVENUE SHIFT IMPACTING PLANT GROWTH REGULATORS MARKET 78
6.8 PATENT ANALYSIS 79
FIGURE 31 PATENTS GRANTED FOR PLANT GROWTH REGULATORS, 2014–2024 79
FIGURE 32 REGIONAL ANALYSIS OF PATENTS GRANTED FOR PLANT GROWTH REGULATORS, 2014–2024 80
TABLE 11 KEY PATENTS PERTAINING TO PLANT GROWTH REGULATORS MARKET, 2014–2024 80
6.9 KEY CONFERENCES & EVENTS 82
TABLE 12 KEY CONFERENCES & EVENTS, 2024–2025 82
6.10 TARIFF & REGULATORY LANDSCAPE 83
6.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 84
TABLE 16 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 84
TABLE 17 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 84
6.10.2 REGULATORY FRAMEWORK 85
6.10.2.1 North America 85
6.10.2.1.1 US 85
6.10.2.1.2 Mexico 85
6.10.2.1.3 Canada 86
6.10.2.2 Europe 86
6.10.2.2.1 Germany 87
6.10.2.2.2 UK 87
6.10.2.3 Asia Pacific 87
6.10.2.3.1 India 87
6.10.2.3.2 Japan 87
6.10.2.3.3 China 87
6.10.2.3.4 Australia 88
6.10.2.4 South America 90
6.10.2.4.1 Brazil 90
6.10.2.5 Africa 91
6.10.2.5.1 South Africa 91
6.10.2.6 Middle East 91
6.10.2.6.1 Egypt 91
6.10.2.6.2 UAE 91
6.11 PORTER’S FIVE FORCES ANALYSIS 92
TABLE 18 PLANT GROWTH REGULATORS MARKET: PORTER’S FIVE FORCES ANALYSIS 92
6.11.1 INTENSITY OF COMPETITIVE RIVALRY 92
6.11.2 BARGAINING POWER OF SUPPLIERS 92
6.11.3 BARGAINING POWER OF BUYERS 93
6.11.4 THREAT OF SUBSTITUTES 93
6.11.5 THREAT OF NEW ENTRANTS 93
6.12 KEY STAKEHOLDERS & BUYING CRITERIA 94
6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 94
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY FUNCTIONS 94
TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY FUNCTIONS 95
6.12.2 BUYING CRITERIA 95
FIGURE 34 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 95
TABLE 20 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 96
6.13 CASE STUDY ANALYSIS 96
6.13.1 PROGIBB SG HELPED NUFARM IMPROVE PROFITABILITY AND STRENGTHEN ITS POSITION IN PLANT GROWTH REGULATORS MARKET 96
6.13.2 CORTEVA AGRISCIENCE HELPED WHEAT GROWERS IN US CONTROL LODGING IN WHEAT CROPS 97
7 PLANT GROWTH REGULATORS MARKET, BY TYPE 98
7.1 INTRODUCTION 99
FIGURE 35 CYTOKININS SEGMENT TO DOMINATE MARKET BY 2029 99
TABLE 21 PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 99
TABLE 22 PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 100
TABLE 23 PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (KT) 100
TABLE 24 PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (KT) 100
7.2 CYTOKININS 101
7.2.1 INCREASING APPLICATION OF CYTOKININS FOR ROOT DEVELOPMENT TO DRIVE MARKET 101
TABLE 25 CYTOKININS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (USD MILLION) 101
TABLE 26 CYTOKININS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (USD MILLION) 102
TABLE 27 CYTOKININS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (KT) 102
TABLE 28 CYTOKININS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (KT) 102
7.3 AUXINS 103
7.3.1 RISING ADOPTION OF SYNTHETIC AUXINS TO CONTROL WEEDS AND INCREASE CROP YIELD TO DRIVE MARKET 103
TABLE 29 AUXINS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (USD MILLION) 104
TABLE 30 AUXINS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (USD MILLION) 104
TABLE 31 AUXINS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (KT) 104
TABLE 32 AUXINS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (KT) 105
7.4 GIBBERELLINS 105
7.4.1 DEMAND FOR SEEDLESS FRUITS TO SPUR MARKET FOR GIBBERELLINS 105
TABLE 33 GIBBERELLINS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (USD MILLION) 106
TABLE 34 GIBBERELLINS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (USD MILLION) 106
TABLE 35 GIBBERELLINS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (KT) 107
TABLE 36 GIBBERELLINS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (KT) 107
7.5 ETHYLENE 107
7.5.1 ETHYLENE PLAYS VITAL ROLE IN INITIATING RIPENING PROCESS OF NUMEROUS FRUITS 107
TABLE 37 ETHYLENE: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (USD MILLION) 108
TABLE 38 ETHYLENE: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (USD MILLION) 108
TABLE 39 ETHYLENE: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (KT) 108
TABLE 40 ETHYLENE: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (KT) 109
7.6 OTHER TYPES 109
TABLE 41 OTHER TYPES: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (USD MILLION) 109
TABLE 42 OTHER TYPES: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (USD MILLION) 110
TABLE 43 OTHER TYPES: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (KT) 110
TABLE 44 OTHER TYPES: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (KT) 110
8 PLANT GROWTH REGULATORS MARKET, BY CROP TYPE 111
8.1 INTRODUCTION 112
FIGURE 36 CEREALS & GRAINS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 112
TABLE 45 PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2019–2023 (USD MILLION) 112
TABLE 46 PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2024–2029 (USD MILLION) 113
8.2 CEREALS & GRAINS 113
TABLE 47 CEREALS & GRAINS: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 114
TABLE 48 CEREALS & GRAINS: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 114
TABLE 49 CEREALS & GRAINS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (USD MILLION) 114
TABLE 50 CEREALS & GRAINS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (USD MILLION) 115
8.2.1 CORN 115
8.2.1.1 Growing need to increase corn yield for human and animal consumption to boost growth 115
8.2.2 WHEAT 116
8.2.2.1 Adoption of plant growth regulators to enhance stress tolerance in plants to spur demand 116
8.2.3 RICE 116
8.2.3.1 Growth in hybrid rice production to drive need for high-quality plant growth promoters 116
8.2.4 OTHER CEREALS & GRAINS 117
8.3 OILSEEDS & PULSES 117
TABLE 51 OILSEEDS & PULSES: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 118
TABLE 52 OILSEEDS & PULSES: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 118
TABLE 53 OILSEEDS & PULSES: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (USD MILLION) 118
TABLE 54 OILSEEDS & PULSES: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (USD MILLION) 119
8.3.1 COTTON 119
8.3.1.1 Need for effective management of cotton seeds to boost use of plant growth regulators 119
8.3.2 SOYBEAN 119
8.3.2.1 Industrial application of soybean in animal feed to increase demand for plant growth regulators 119
8.3.3 SUNFLOWER 120
8.3.3.1 Growing demand to improve vegetative and reproductive growth of sunflowers to drive demand for plant growth regulators 120
8.3.4 OTHER OILSEEDS & PULSES 120
8.4 FRUITS & VEGETABLES 121
TABLE 55 FRUITS & VEGETABLES: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 121
TABLE 56 FRUITS & VEGETABLES: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 122
TABLE 57 FRUITS & VEGETABLES: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (USD MILLION) 122
TABLE 58 FRUITS & VEGETABLES: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (USD MILLION) 122
8.4.1 FRUITS 123
8.4.1.1 Role of plant growth regulators in promoting fruit plants’ growth and development to drive market 123
8.4.2 VEGETABLES 124
8.4.2.1 Focus on increasing yield of vegetable crops to spur demand for plant growth regulators 124
8.5 TURF & ORNAMENTALS 124
8.5.1 PLANT GROWTH REGULATORS ENHANCE TURFGRASS QUALITY, IMPROVE STRESS TOLERANCE, PROMOTE ROBUST ROOT GROWTH, AND REDUCE NEED FOR FREQUENT MOWING 124
TABLE 59 TURF & ORNAMENTALS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (USD MILLION) 125
TABLE 60 TURF & ORNAMENTALS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (USD MILLION) 125
9 PLANT GROWTH REGULATORS MARKET, BY FORMULATION 126
9.1 INTRODUCTION 127
FIGURE 37 WATER-DISPERSIBLE & WATER-SOLUBLE GRANULES SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2029 127
TABLE 61 PLANT GROWTH REGULATORS MARKET, BY FORMULATION, 2019–2023 (USD MILLION) 127
TABLE 62 PLANT GROWTH REGULATORS MARKET, BY FORMULATION, 2024–2029 (USD MILLION) 128
9.2 WATER-DISPERSIBLE & WATER-SOLUBLE GRANULES 128
9.2.1 WATER-DISPERSIBLE & WATER-SOLUBLE GRANULES ARE MORE STABLE DURING STORAGE AND TRANSPORTATION THAN AQUEOUS SUSPENSION CONCENTRATES 128
TABLE 63 WATER-DISPERSIBLE & WATER-SOLUBLE GRANULES: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (USD MILLION) 129
TABLE 64 WATER-DISPERSIBLE & WATER-SOLUBLE GRANULES: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (USD MILLION) 129
9.3 WETTABLE POWDER 129
9.3.1 GOOD MISCIBILITY OF WETTABLE POWDER WITH WATER AND CONVENIENT APPLICATION USING CONVENTIONAL SPRAYING EQUIPMENT TO DRIVE MARKET 129
TABLE 65 WETTABLE POWDER: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (USD MILLION) 130
TABLE 66 WETTABLE POWDER: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (USD MILLION) 130
9.4 SOLUTIONS 131
9.4.1 DEMAND FOR SOLUTIONS OFFERING EASE OF APPLICATION TO DRIVE NEED FOR PLANT GROWTH REGULATORS 131
TABLE 67 SOLUTIONS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (USD MILLION) 131
TABLE 68 SOLUTIONS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (USD MILLION) 132
10 PLANT GROWTH REGULATORS MARKET, BY FUNCTION 133
10.1 INTRODUCTION 134
FIGURE 38 PLANT GROWTH PROMOTERS SEGMENT TO LEAD MARKET BY 2029 134
TABLE 69 PLANT GROWTH REGULATORS MARKET, BY FUNCTION, 2019–2023 (USD MILLION) 134
TABLE 70 PLANT GROWTH REGULATORS MARKET, BY FUNCTION, 2024–2029 (USD MILLION) 135
10.1.1 PLANT GROWTH PROMOTERS 135
10.1.1.1 Rapid increase in soil erosion due to global warming to drive popularity of plant growth promoters 135
TABLE 71 PLANT GROWTH PROMOTERS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (USD MILLION) 135
TABLE 72 PLANT GROWTH PROMOTERS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (USD MILLION) 136
10.1.2 PLANT GROWTH INHIBITORS 136
10.1.2.1 Poor crop yield and quality due to abiotic stressors to drive adoption of plant growth inhibitors 136
TABLE 73 PLANT GROWTH INHIBITORS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (USD MILLION) 137
TABLE 74 PLANT GROWTH INHIBITORS: PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (USD MILLION) 137
11 PLANT GROWTH REGULATORS MARKET, BY REGION 138
11.1 INTRODUCTION 139
FIGURE 39 INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 140
TABLE 75 PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (USD MILLION) 140
TABLE 76 PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (USD MILLION) 141
TABLE 77 PLANT GROWTH REGULATORS MARKET, BY REGION, 2019–2023 (KT) 141
TABLE 78 PLANT GROWTH REGULATORS MARKET, BY REGION, 2024–2029 (KT) 141
11.2 NORTH AMERICA 142
TABLE 79 NORTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 142
TABLE 80 NORTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 142
TABLE 81 NORTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 143
TABLE 82 NORTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 143
TABLE 83 NORTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (KT) 143
TABLE 84 NORTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (KT) 144
TABLE 85 NORTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2019–2023 (USD MILLION) 144
TABLE 86 NORTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2024–2029 (USD MILLION) 144
TABLE 87 NORTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY FORMULATION, 2019–2023 (USD MILLION) 145
TABLE 88 NORTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY FORMULATION, 2024–2029 (USD MILLION) 145
TABLE 89 NORTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY FUNCTION, 2019–2023 (USD MILLION) 145
TABLE 90 NORTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY FUNCTION, 2024–2029 (USD MILLION) 145
11.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 146
FIGURE 40 NORTH AMERICA: RECESSION IMPACT ANALYSIS SNAPSHOT, 2024 146
11.2.2 US 147
11.2.2.1 Expansion of organic food industry to propel market for plant growth regulators 147
TABLE 91 US: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 147
TABLE 92 US: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 148
11.2.3 CANADA 148
11.2.3.1 Rising use of plant growth regulators in horticultural crops to boost market 148
TABLE 93 CANADA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 149
TABLE 94 CANADA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 149
11.2.4 MEXICO 149
11.2.4.1 Increasing trade of agro-commodities to boost domestic sales of plant growth regulators 149
TABLE 95 MEXICO: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 150
TABLE 96 MEXICO: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 150
11.3 EUROPE 151
FIGURE 41 EUROPE: PLANT GROWTH REGULATORS MARKET SNAPSHOT 151
TABLE 97 EUROPE: PLANT GROWTH REGULATORS MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 152
TABLE 98 EUROPE: PLANT GROWTH REGULATORS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 152
TABLE 99 EUROPE: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 152
TABLE 100 EUROPE: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 153
TABLE 101 EUROPE: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (KT) 153
TABLE 102 EUROPE: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (KT) 153
TABLE 103 EUROPE: PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2019–2023 (USD MILLION) 154
TABLE 104 EUROPE: PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2024–2029 (USD MILLION) 154
TABLE 105 EUROPE: PLANT GROWTH REGULATORS MARKET, BY FORMULATION, 2019–2023 (USD MILLION) 154
TABLE 106 EUROPE: PLANT GROWTH REGULATORS MARKET, BY FORMULATION, 2024–2029 (USD MILLION) 155
TABLE 107 EUROPE: PLANT GROWTH REGULATORS MARKET, BY FUNCTION, 2019–2023 (USD MILLION) 155
TABLE 108 EUROPE: PLANT GROWTH REGULATORS MARKET, BY FUNCTION, 2024–2029 (USD MILLION) 155
11.3.1 EUROPE: RECESSION IMPACT ANALYSIS 155
FIGURE 42 EUROPE: RECESSION IMPACT ANALYSIS SNAPSHOT, 2024 156
11.3.2 GERMANY 157
11.3.2.1 Growth in production of high-value crops to drive demand for plant growth regulators 157
TABLE 109 GERMANY: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 157
TABLE 110 GERMANY: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 158
11.3.3 UK 158
11.3.3.1 Investments in agriculture sector to drive market 158
TABLE 111 UK: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 159
TABLE 112 UK: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 159
11.3.4 FRANCE 159
11.3.4.1 Increasing investment in sustainable agriculture by government to drive market 159
TABLE 113 FRANCE: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 160
TABLE 114 FRANCE: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 160
11.3.5 POLAND 161
11.3.5.1 Rising domestic demand for agricultural produce to drive market 161
TABLE 115 POLAND: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 161
TABLE 116 POLAND: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 161
11.3.6 SPAIN 162
11.3.6.1 Emphasis on prevention of soil desertification to spur adoption of plant growth regulators 162
TABLE 117 SPAIN: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 162
TABLE 118 SPAIN: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 163
11.3.7 REST OF EUROPE 163
TABLE 119 REST OF EUROPE: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 163
TABLE 120 REST OF EUROPE: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 164
11.4 ASIA PACIFIC 164
FIGURE 43 ASIA PACIFIC: PLANT GROWTH REGULATORS MARKET SNAPSHOT 165
TABLE 121 ASIA PACIFIC: PLANT GROWTH REGULATORS MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 165
TABLE 122 ASIA PACIFIC: PLANT GROWTH REGULATORS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 166
TABLE 123 ASIA PACIFIC: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 166
TABLE 124 ASIA PACIFIC: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 166
TABLE 125 ASIA PACIFIC: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (KT) 167
TABLE 126 ASIA PACIFIC: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (KT) 167
TABLE 127 ASIA PACIFIC: PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2019–2023 (USD MILLION) 167
TABLE 128 ASIA PACIFIC: PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2024–2029 (USD MILLION) 168
TABLE 129 ASIA PACIFIC: PLANT GROWTH REGULATORS MARKET, BY FORMULATION, 2019–2023 (USD MILLION) 168
TABLE 130 ASIA PACIFIC: PLANT GROWTH REGULATORS MARKET, BY FORMULATION, 2024–2029 (USD MILLION) 168
TABLE 131 ASIA PACIFIC: PLANT GROWTH REGULATORS MARKET, BY FUNCTION, 2019–2023 (USD MILLION) 168
TABLE 132 ASIA PACIFIC: PLANT GROWTH REGULATORS MARKET, BY FUNCTION, 2024–2029 (USD MILLION) 169
11.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 169
FIGURE 44 ASIA PACIFIC: RECESSION IMPACT ANALYSIS SNAPSHOT, 2024 170
11.4.2 CHINA 170
11.4.2.1 Increasing emphasis on eco-friendly biological protection to contribute to surge in use of plant growth regulators 170
TABLE 133 CHINA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 171
TABLE 134 CHINA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 171
11.4.3 INDIA 171
11.4.3.1 Growing demand to improve crop productivity to propel growth 171
TABLE 135 INDIA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 172
TABLE 136 INDIA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 172
11.4.4 JAPAN 172
11.4.4.1 Focus on residue-free agriculture practices to lead to increased use of biological control solutions 172
TABLE 137 JAPAN: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 173
TABLE 138 JAPAN: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 173
11.4.5 AUSTRALIA & NEW ZEALAND 174
11.4.5.1 Rising government initiatives coupled with entrance of key players in regional agrochemical industry to drive demand 174
TABLE 139 AUSTRALIA & NEW ZEALAND: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 175
TABLE 140 AUSTRALIA & NEW ZEALAND: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 175
11.4.6 REST OF ASIA PACIFIC 175
TABLE 141 REST OF ASIA PACIFIC: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 176
TABLE 142 REST OF ASIA PACIFIC: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 176
11.5 SOUTH AMERICA 177
TABLE 143 SOUTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 177
TABLE 144 SOUTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 178
TABLE 145 SOUTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 178
TABLE 146 SOUTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 178
TABLE 147 SOUTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (KT) 179
TABLE 148 SOUTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (KT) 179
TABLE 149 SOUTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2019–2023 (USD MILLION) 179
TABLE 150 SOUTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2024–2029 (USD MILLION) 180
TABLE 151 SOUTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY FORMULATION, 2019–2023 (USD MILLION) 180
TABLE 152 SOUTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY FORMULATION, 2024–2029 (USD MILLION) 180
TABLE 153 SOUTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY FUNCTION, 2019–2023 (USD MILLION) 181
TABLE 154 SOUTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY FUNCTION, 2024–2029 (USD MILLION) 181
11.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 181
FIGURE 45 SOUTH AMERICA: RECESSION IMPACT ANALYSIS SNAPSHOT, 2024 182
11.5.2 BRAZIL 182
11.5.2.1 Emphasis on increasing crop efficiency to spur demand for plant growth regulators 182
TABLE 155 BRAZIL: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 183
TABLE 156 BRAZIL: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 183
11.5.3 ARGENTINA 183
11.5.3.1 Export-oriented agricultural sector to drive adoption of plant growth regulators 183
TABLE 157 ARGENTINA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 184
TABLE 158 ARGENTINA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 184
11.5.4 REST OF SOUTH AMERICA 185
TABLE 159 REST OF SOUTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 185
TABLE 160 REST OF SOUTH AMERICA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 185
11.6 REST OF THE WORLD (ROW) 186
TABLE 161 ROW: PLANT GROWTH REGULATORS MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 186
TABLE 162 ROW: PLANT GROWTH REGULATORS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 186
TABLE 163 ROW: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 187
TABLE 164 ROW: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 187
TABLE 165 ROW: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (KT) 187
TABLE 166 ROW: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (KT) 188
TABLE 167 ROW: PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2019–2023 (USD MILLION) 188
TABLE 168 ROW: PLANT GROWTH REGULATORS MARKET, BY CROP TYPE, 2024–2029 (USD MILLION) 188
TABLE 169 ROW: PLANT GROWTH REGULATORS MARKET, BY FORMULATION, 2019–2023 (USD MILLION) 189
TABLE 170 ROW: PLANT GROWTH REGULATORS MARKET, BY FORMULATION, 2024–2029 (USD MILLION) 189
TABLE 171 ROW: PLANT GROWTH REGULATORS MARKET, BY FUNCTION, 2019–2023 (USD MILLION) 189
TABLE 172 ROW: PLANT GROWTH REGULATORS MARKET, BY FUNCTION, 2024–2029 (USD MILLION) 189
11.6.1 ROW: RECESSION IMPACT ANALYSIS 190
FIGURE 46 ROW: RECESSION IMPACT ANALYSIS SNAPSHOT, 2024 190
11.6.2 AFRICA 191
11.6.2.1 Emphasis on harnessing potential of plant growth-promoting rhizobacteria to drive demand 191
TABLE 173 AFRICA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 192
TABLE 174 AFRICA: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 192
11.6.3 MIDDLE EAST 192
11.6.3.1 Rising need to boost domestic production and crop yield to lead to increased demand for plant growth regulators 192
TABLE 175 MIDDLE EAST: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2019–2023 (USD MILLION) 193
TABLE 176 MIDDLE EAST: PLANT GROWTH REGULATORS MARKET, BY TYPE, 2024–2029 (USD MILLION) 193
12 COMPETITIVE LANDSCAPE 194
12.1 OVERVIEW 194
12.2 MARKET SHARE ANALYSIS, 2023 194
TABLE 177 PLANT GROWTH REGULATORS MARKET: DEGREE OF COMPETITION 195
12.3 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN 195
TABLE 178 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN PLANT GROWTH REGULATORS MARKET, 2020–2024 195
12.4 COMPANY VALUATION AND FINANCIAL METRICS 197
FIGURE 47 COMPANY VALUATION OF MAJOR PLAYERS 197
FIGURE 48 EV/EBITDA OF KEY COMPANIES 198
12.5 BRAND/PRODUCT ANALYSIS 198
FIGURE 49 BRAND/PRODUCT ANALYSIS, BY KEY BRAND OF PLANT GROWTH REGULATORS 198
12.6 REVENUE ANALYSIS 199
FIGURE 50 REVENUE ANALYSIS OF KEY PLAYERS, 2021–2023 (USD BILLION) 199
12.7 KEY PLAYERS’ EBIT/EBITDA 200
FIGURE 51 EBIT/EBITDA, 2023 (USD BILLION) 200
12.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 200
12.8.1 STARS 200
12.8.2 EMERGING LEADERS 200
12.8.3 PERVASIVE PLAYERS 201
12.8.4 PARTICIPANTS 201
FIGURE 52 PLANT GROWTH REGULATORS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 201
12.8.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 202
FIGURE 53 COMPANY OVERALL FOOTPRINT 202
TABLE 179 COMPANY CROP TYPE FOOTPRINT 203
TABLE 180 COMPANY TYPE FOOTPRINT 204
TABLE 181 COMPANY FUNCTION FOOTPRINT 205
TABLE 182 COMPANY REGIONAL FOOTPRINT 206
12.9 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 206
12.9.1 PROGRESSIVE COMPANIES 206
12.9.2 RESPONSIVE COMPANIES 206
12.9.3 DYNAMIC COMPANIES 207
12.9.4 STARTING BLOCKS 207
FIGURE 54 PLANT GROWTH REGULATORS MARKET: COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023 207
12.9.5 COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023 208
TABLE 183 PLANT GROWTH REGULATORS MARKET: LIST OF KEY START-UPS/SMES 208
TABLE 184 PLANT GROWTH REGULATORS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 209
12.10 COMPETITIVE SCENARIO AND TRENDS 210
12.10.1 PRODUCT LAUNCHES 210
TABLE 185 PLANT GROWTH REGULATORS MARKET: PRODUCT LAUNCHES, JANUARY 2020–MARCH 2023 210
12.10.2 DEALS 211
TABLE 186 PLANT GROWTH REGULATORS MARKET: DEALS, APRIL 2020–FEBRUARY 2024 211
12.10.3 EXPANSION 214
TABLE 187 PLANT GROWTH REGULATORS MARKET: EXPANSION, NOVEMBER 2020–OCTOBER 2022 214
13 COMPANY PROFILES 216
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
13.1 KEY COMPANIES 216
13.1.1 BASF SE 216
TABLE 188 BASF SE: BUSINESS OVERVIEW 216
FIGURE 55 BASF SE: COMPANY SNAPSHOT 217
TABLE 189 BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 217
TABLE 190 BASF SE: PRODUCT LAUNCHES 218
TABLE 191 BASF SE: DEALS 218
TABLE 192 BASF SE: EXPANSION 219
13.1.2 CORTEVA. 220
TABLE 193 CORTEVA: BUSINESS OVERVIEW 220
FIGURE 56 CORTEVA.: COMPANY SNAPSHOT 221
TABLE 194 CORTEVA.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 221
TABLE 195 CORTEVA.: DEALS 222
13.1.3 SYNGENTA GROUP 224
TABLE 196 SYNGENTA GROUP: BUSINESS OVERVIEW 224
FIGURE 57 SYNGENTA GROUP: COMPANY SNAPSHOT 225
TABLE 197 SYNGENTA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 225
TABLE 198 SYNGENTA GROUP: PRODUCT LAUNCHES 226
TABLE 199 SYNGENTA GROUP: DEALS 226
13.1.4 FMC CORPORATION 229
TABLE 200 FMC CORPORATION: COMPANY OVERVIEW 229
FIGURE 58 FMC CORPORATION: COMPANY SNAPSHOT 230
TABLE 201 FMC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 230
TABLE 202 FMC CORPORATION: DEALS 231
13.1.5 NUFARM 233
TABLE 203 NUFARM: BUSINESS OVERVIEW 233
FIGURE 59 NUFARM: COMPANY SNAPSHOT 234
TABLE 204 NUFARM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 234
TABLE 205 NUFARM: PRODUCT LAUNCHES 235
TABLE 206 NUFARM: EXPANSION 236
13.1.6 BAYER AG 237
TABLE 207 BAYER AG: BUSINESS OVERVIEW 237
FIGURE 60 BAYER AG: COMPANY SNAPSHOT 238
TABLE 208 BAYER AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 238
TABLE 209 BAYER AG: DEALS 239
13.1.7 TATA CHEMICALS LTD. 240
TABLE 210 TATA CHEMICALS LTD.: BUSINESS OVERVIEW 240
FIGURE 61 TATA CHEMICALS LTD.: COMPANY SNAPSHOT 241
TABLE 211 TATA CHEMICALS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 241
13.1.8 UPL 243
TABLE 212 UPL: BUSINESS OVERVIEW 243
FIGURE 62 UPL: COMPANY SNAPSHOT 244
TABLE 213 UPL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 244
TABLE 214 UPL: DEALS 245
13.1.9 SUMITOMO CHEMICAL CO., LTD. 246
TABLE 215 SUMITOMO CHEMICAL CO., LTD.: BUSINESS OVERVIEW 246
FIGURE 63 SUMITOMO CHEMICAL CO., LTD.: COMPANY SNAPSHOT 247
TABLE 216 SUMITOMO CHEMICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 247
TABLE 217 SUMITOMO CHEMICAL CO., LTD.: PRODUCT LAUNCHES 248
TABLE 218 SUMITOMO CHEMICAL CO., LTD.: DEALS 249
TABLE 219 SUMITOMO CHEMICAL CO., LTD.: EXPANSION 249
13.1.10 NIPPON SODA CO., LTD. 251
TABLE 220 NIPPON SODA CO., LTD.: BUSINESS OVERVIEW 251
FIGURE 64 NIPPON SODA CO., LTD.: COMPANY SNAPSHOT 252
TABLE 221 NIPPON SODA CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 252
TABLE 222 NIPPON SODA CO., LTD.: DEALS 253
13.1.11 SIPCAM OXON SPA 254
TABLE 223 SIPCAM OXON SPA: BUSINESS OVERVIEW 254
TABLE 224 SIPCAM OXON SPA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 254
TABLE 225 SIPCAM OXON SPA: DEALS 255
TABLE 226 SIPCAM OXON SPA: EXPANSION 255
13.1.12 DE SANGOSSE 256
TABLE 227 DE SANGOSSE: BUSINESS OVERVIEW 256
TABLE 228 DE SANGOSSE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 256
13.1.13 DHANUKA AGRITECH LTD. 258
TABLE 229 DHANUKA AGRITECH LTD.: BUSINESS OVERVIEW 258
FIGURE 65 DHANUKA AGRITECH LTD.: COMPANY SNAPSHOT 259
TABLE 230 DHANUKA AGRITECH LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 259
13.1.14 SICHUAN GUOGUANG AGROCHEMICAL CO., LTD. 261
TABLE 231 SICHUAN GUOGUANG AGROCHEMICAL CO., LTD.: BUSINESS OVERVIEW 261
TABLE 232 SICHUAN GUOGUANG AGROCHEMICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 261
13.1.15 ZAGRO 263
TABLE 233 ZAGRO: BUSINESS OVERVIEW 263
TABLE 234 ZAGRO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 263
13.2 OTHER COMPANIES 265
13.2.1 CHEMICALS DIRECT 265
TABLE 235 CHEMICALS DIRECT: BUSINESS OVERVIEW 265
TABLE 236 CHEMICALS DIRECT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 265
13.2.2 HANGZHOU TIANLONG BIOTECHNOLOGY CO., LTD. 266
TABLE 237 HANGZHOU TIANLONG BIOTECHNOLOGY CO., LTD.: BUSINESS OVERVIEW 266
TABLE 238 HANGZHOU TIANLONG BIOTECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 266
13.2.3 SIKKOINDIA 268
TABLE 239 SIKKOINDIA: BUSINESS OVERVIEW 268
FIGURE 66 SIKKOINDIA: COMPANY SNAPSHOT 268
TABLE 240 SIKKOINDIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 269
13.2.4 BARCLAY CHEMICALS 270
TABLE 241 BARCLAY CHEMICALS: BUSINESS OVERVIEW 270
TABLE 242 BARCLAY CHEMICALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 270
13.2.5 PBI-GORDON COMPANIES, INC. 271
TABLE 243 PBI-GORDON COMPANIES, INC.: BUSINESS OVERVIEW 271
TABLE 244 PBI-GORDON COMPANIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 271
13.2.6 CHAITANYA AGRO BIOTECH PVT. LTD. 272
13.2.7 ARISTO BIOTECH 273
13.2.8 REDOX INDUSTRIES LIMITED 274
13.2.9 WINFIELD UNITED 275
13.2.10 OMEX AGRICULTURE INC. 276
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
14 ADJACENT AND RELATED MARKETS 277
14.1 INTRODUCTION 277
TABLE 245 MARKETS ADJACENT TO PLANT GROWTH REGULATORS MARKETS 277
14.2 LIMITATIONS 277
14.3 BIOPESTICIDES MARKET 277
14.3.1 MARKET DEFINITION 277
14.3.2 MARKET OVERVIEW 278
14.3.3 BIOPESTICIDES MARKET, BY SOURCE 278
TABLE 246 BIOPESTICIDES MARKET, BY SOURCE, 2019–2022 (USD MILLION) 279
TABLE 247 BIOPESTICIDES MARKET, BY SOURCE, 2023–2028 (USD MILLION) 279
14.4 AGRICULTURAL BIOLOGICALS MARKET 279
14.4.1 MARKET DEFINITION 279
14.4.2 MARKET OVERVIEW 279
14.4.3 AGRICULTURAL BIOLOGICALS MARKET, BY FUNCTION 280
TABLE 248 AGRICULTURAL BIOLOGICALS MARKET, BY FUNCTION, 2018–2022 (USD MILLION) 280
TABLE 249 AGRICULTURAL BIOLOGICALS MARKET, BY FUNCTION, 2023–2028 (USD MILLION) 280
15 APPENDIX 281
15.1 DISCUSSION GUIDE 281
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 286
15.3 CUSTOMIZATION OPTIONS 288
15.4 RELATED REPORTS 288
15.5 AUTHOR DETAILS 289