Plant Growth Regulators Market: Asia Pacific is the largest region with huge growth scope
The plant growth hormone or regulator is synthetic or natural chemical that is helpful for the growth of the plant and its parts. These plant growth regulators are very useful for controlling the growth of crops in agriculture. There is high scope for the Plant Growth Regulators Market with growing demand for cultivation in various regions across the globe during 2015-2020.
Scope and Regional Forecast of the Plant Growth Regulators Market:
According to the IndustryARC research analysis studies on the Plant Growth Regulators Market, it is estimated to grow at a CAGR of 4.6% during 2015-2020 with growing production and supply of these growth regulators.
In the Plant Growth Regulators Market, ethylene type segment is estimated to grow at the highest CAGR compared to others during 2015-2020 as per IndustryARC analytics. Cytokinins and ethylene releasers have the large share of revenue compared to others during 2015-2020.
Asia Pacific is the largest region in the Plant Growth Regulators Market with huge scope of applications of these products in industries related to plants. North America and Europe are expected to have high growth in this market during 2015-2020.
The Plant Growth Regulators Market is a fast growing market with high demand for plant growth hormones in agriculture, parks, nurseries and others in various regions across the globe. This market is poised to have high growth owing to the increasing R&D for plant care and use of plant growth regulators in agriculture, rise in production and supply of plant hormones and growth regulators for better plant growth and growing demand for growth regulators in plants for high yield of crops in various regions across the globe during 2015-2020.
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Segmentation and Key Players of the Plant Growth Regulators Market:
The Plant Growth Regulators Market is segmented into various categories in the IndustryARC marketing research report by PGR type, by crop type and by geography as follows:
By PGR type: Cytokinins, Auxins, Gibberellins, Ethylene/Ethylene Releasers, Mepiquat Chloride and others
By crop type: Row Crops, Fruits and Vegetables, Turf and Ornamentals and others
By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Plant Growth Regulators Market according to the IndustryARC research report are as follows:
- Syngenta AG (Switzerland)
- BASF SE (Germany)
- FMC Corporation
- Bayer CropScience AG (Germany)
- Nufarm Limited (Australia)
The demand for plant hormone products for agriculture and better crop production is driving the scope in various regions across the globe during 2015-2020.
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