Global Plant Growth Regulators Market Size, Share, Trends, Growth and Forecast 2032

Plant Growth Regulators Market Insights

According to a report from Zion Market Research, the global Plant Growth Regulators Market was valued at USD 4.76 Billion in 2023 and is projected to hit USD 13.21 Billion by 2032, with a compound annual growth rate (CAGR) of 12% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Plant Growth Regulators industry over the next decade.

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Global Plant Growth Regulators Market: Growth Factors

The plant growth regulators industry is predicted to gain traction over the coming years, owing to massive inclination towards organic foods as well as products by the health conscious population across the globe. Apart from this, the growing trend of consuming cereals during breakfast along with food is slated to boost business trends. Moreover, the growing need to find ways to protect and enhance the nutritive value of cereals and grains along with focusing on increasing their output forms a vital aspect as well as the remarkable platform for the growth of plant growth regulators market.

Additionally, with the rapidly increasing global population resulting in food scarcity and inequality in the distribution of food across the globe, it has become necessary for taking more cereals and crops in the year. This has resulted in more demand for the product. These products not only help in crop cultivation or getting more crop yield but also supplement the rapid growth of fruits, grains, flowers, and vegetables.

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The breakthroughs witnessed in biotechnology and microbiology and massive investments by Pharma firms to cater to the research demands of plant extracted drugs & herbal medicines will impel the business scope. However, strict legislation governing the application of the product will decline the plant growth regulators market surge.

Global Plant Growth Regulators Market: Segmentation

The overall plant growth regulators market can be segmented into the formulation type, hormone type, crop type, and function. Based on the hormone type, the market is sectored into Auxin, Abscisic Acid Gibberellin, Ethylene, and Cytokinin. Crop Type wise, the market is segregated into Oilseed & Pulses, Vegetables, Turf & Ornamentals, Fruit, and Cereals & Grains. Formulation type wise, the industry is segmented into Water Dispersible Solutions, Tablets, Wettable powder, and Soluble Powder. Function wise, the plant growth regulators market is segmented into Inhibitors and Promoters.

Plant Growth Regulators Market: Report Scope

Global Plant Growth Regulators Market: Regional Analysis

Based on region, the global plant growth regulators market can be divided into five main regions: North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific. Europe is projected to gain a notable share in global plant growth regulators market in terms of revenue. Massive demand from Nordic countries such as Norway, Finland, Sweden, and Denmark are expected to drive the expansion of the plant growth regulator industry in Europe. Moreover, Asia Pacific region is anticipated to dominate the overall market growth, subject to massive demand to increase the crop yield in order to fulfill the food requirements of the swiftly rising population majorly in the countries such India, Bangladesh, China, and Indonesia.

North America and Latin America markets have huge growth prospects and are likely to make major contributions towards the overall plant growth regulators market revenue over a couple of next few years.

The global plant growth regulators market is segmented as follows:

By Hormone Type

•  Auxin
•  Abscisic Acid Gibberellin
•  Ethylene
•  Cytokinin

By Crop Type

•  Oil seed & Pulses
•  Vegetables
•  Turf & Ornamentals
•  Fruit 
•  Cereals & Grains

By Formulation Type

•  Water Dispersible Solutions
•  Tablets
•  Wettable powder
•  Soluble Powder

By Function wise

•  Inhibitors
•  Promoters

Global Plant Growth Regulators Market: Competitive Players

Few of the main participants in plant growth regulators market -

• prevalent
• Fine Americas
• Bayer CropScience
• Helena Chemical
• FMC
• DuPont
• GroSpurt
• BASF SE
• Amvac
• Acadian Seaplants
• Agri-Growth International
• ArystaLifeScience,  Syngenta
• Nufarm.

Global Plant Growth Regulators Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa