Market forecast (2024-2032):

The global plant growth regulators market size was valued at USD 5.9 Billion in 2023 and is projected to grow from USD 6.61 Billion in 2024 to USD 16.48 Billion by 2032 at a CAGR of 12.1% during the 2024-2032 forecast period.

The Plant Growth Regulators, or PGRs are becoming increasingly popular because they are essential to contemporary gardening and farming practices. Plant growth regulators or PGRs for short are chemicals that influence internal plant processes to promote growth and development. These include the hormones called auxins, gibberellins, cytokinins, ethylene and abscisic acid, which regulate cell division, flowering, fruit development and stress tolerance in plants. The demand for higher crop yields and more sustainable farming methods is what is driving the PGRs markets developments. In an effort to maximize crop yield and optimize resource utilization and farmers are utilizing new technologies in response to the growing global population and changing dietary preferences. PGRs contribute by improving plant growth, increasing their resilience to environmental stresses and guaranteeing uniform growth in which it improves crop quality and yield. PGRs are also useful in gardening where they aid in the growth of decorative plants, improve flowering and extend the vase life of cut flowers. They are very helpful for both large farms and specialty gardening because of their capacity to influence various growth stages and can be tailored for particular plants. The PGRs market is experiencing innovation due to recent advancements in chemistry and biotechnology. In this researchers and businesses they are developing new PGR products that have improved performance and reduced environmental impact. Creating waste reduction plan that are targeted and creating environmentally friendly PGRs that work well with organic farming are two examples of this. The regulations and guidelines surrounding the use of PGRs are evolving to prioritize environmental impact and safety. Because businesses must create safe and effective products while adhering to these standards these regulations have an impact on the market.

Market Drivers

Rise In Resistance Development In Certain Pest And Insect Species

• Major issue in farming is the pests' and insects growing resistance to pesticides. Natural selection and genetic alterations can lead to pests developing resistance to pesticides when they are repeatedly exposed to them. This indicates that if pesticides were effective in the past pests are now able to persist and proliferate in spite of them.
• These pesticides lose their effectiveness as a result forcing farmers to apply them more frequently or in larger quantities in which it can be costly and harmful to the environment. When pesticides are over used or applied improperly and resistance frequently worsens and pest populations are continuously under pressure. This reduces the effectiveness of integrated pest management (IPM) methods that combine a variety of pest control techniques. The spread of resistant pests can be accelerated by applying the same pesticide types in different locations.

Rising Need for Enhanced Crop Productivity Backed by Government Support

• Growing population and increasing demand for food are driving up the need to grow more crops. Farming technologies and practices must advance to meet this need. Governments globally are stepping up to lend a hand by providing benefits to increase agricultural output and secure food security. An Assistance includes providing capital for novel technologies, financing research and development and formulating regulations to improves crop productivity and sustainability. A Governments often to promote the application of contemporary agricultural technologies such as genetically modified crops effective irrigation systems and precision farming.
• By decreasing waste increasing crop resistance to pests and improving resource efficiency and these technologies benefit agriculture. A Governments also spend money on good better infrastructure such as better transportation and storage to reduce food waste and make sure yeild reach markets more efficiently.

Market Opportunities

Increased Production And Yield Of Crops

• The modern farming is mainly focused on increasing crop yields and output in order to meet the world expanding food demand and insure food security. Farmers are improving their practices in a number of ways in an effort to increase crop yields. New crop types that are more resist to pest diseases and harsh environmental conditions have been created thanks to advancements in seed technology such as genetically modified (GM) crops. This has increased agricultural yield of higher agricultural yields are the result of more effective use of resource like water and fertilizers in which it is made possible by better farming practice like agriculture and improved water suppy systems systems. An advancements in technology, such data analysis and satellite imaging enable farmers to closely monitor crop health and precisely administer treatments to boost growth and minimize losses. Higher and more consistent agricultural yields may be attained with the use of these new technology improved soil management techniques and integrated pest control strategies.

Market Restraining Factors

Long Approval Period For New Products

• The long approval procedure for novel agricultural of products such as the plant growth regulators, herbicides and seed is a important huddles that increases the speed at which an innovative solutions can be brought to market. Strict restrictions ensuring new products are safe, effective and environmentally sustainable force this process to take a long time. To investigate for threats to the environment, other animals, and human health also agencies require comprehensive data and testing. These can take years to finish and include risk assessments, field tests and lab investigations.
• Stricter regulations are necessary to safeguard public health and the environment but they may also increase the development of new technology and solutions that could address present issues in farming. The lengthy approval process may cause good that could increase crop yields better manage pests or promote more sustainable farming to become unavailable later.

Segmentation Analysis

The market scope is segmented because of by Function, by Crop Type, by Formulation, by Type.

By Function

• Plant Growth Inhibitors
• Plant Growth Promoters

A Plant Growth Promoters have been the most well liked category in the market for plant growth regulators. This is because of the important role they play in promoting healthier plant growth that raising crop yields and improving over all farming output. Auxins, gibberellins and cytokinins are examples of plant growth promoters that are necessary for a number of growth processes which is including cell division, stem elongation also blooming and fruit production. These regulators are highly useful to farmers because they help plants develop more effectively, tolerate environmental challenges and produce higher quality crops.

Plant growth promoters are commonly employed because of their important influence on crop productivity. For example gibberellins enhance fruit development and seed germination, auxins aid in root growth and stem lengthening and cytokinins encourage cell division and prevent leaves from aging too rapidly. The benefits result in increased crop yields and superior output both of which are necessary to supply the increasing demand for food on a world wide scale.

By Crop Type

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Turf & Ornamentals

In the plant growth regulators market of the Cereals and Grains segment has been the most important. This is because of cereals and grains like wheat, rice, maize and barley are grown on a huge scale. These crops are very essential for global food security and play a big role in farming practices because they are so huge produced and economically important. The importance of the Cereals and Grains segment is because of a few reasons. First of all there is a strong demand for these crops to feed the growing global population in which the leads to ongoing investment in ways to improve their yield and quality.

Farmers and others in agriculture are using plant growth regulators more to boost crop growth to an increase resistance to diseases and pests and make better use of resources. All these factors are crucial for keeping yields high in large scale cereal farming.

By Formulation

• Water-dispersible & Water-Soluble Granules
• Wettable Powder
• Solutions

By Type

• Cytokinins
• Auxins
• Gibberellins
• Ethylene
• Other Types

By Region

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, ASEAN, Rest of Asia-Pacific)
• Latin America (Brazil, Mexico, Rest of Latin America)
• MEA (Saudi Arabia, South Africa, UAE, Rest Of MEA)

List of Companies Profiled:

• BASF SE
• Bayer AG
• Corteva, Inc.
• Syngenta AG
• Nufarm Ltd.
• Sumitomo Chemical Co. Ltd.
• UPL Limited
• FMC Corporation
• Tata Chemicals Ltd.
• Sichuan Guoguang Agrochemical Co., Ltd

Key Industry Developments

• In August 2023, AMVAC, a global agriculture technology solution providing company, expanded its product offerings by introducing a plant growth regulator – Mandolin, specially formulated for citrus fruits.
• In March 2023, Sumitomo Chemical India Ltd., a subsidiary company of Sumitomo Chemicals, launched a new plant growth regulator - Promalin® at Shimla, Himachal Pradesh. The product is available in 1 liter and 500 ml pack sizes across two states of North India - Himachal Pradesh and Jammu & Kashmir.

Report Coverage

The report will cover the qualitative and quantitative data on the Global Plant Growth Regulators Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations:

Regional Snapshots

The Asia Pacific region has been the market leader for plant growth regulators. This is mostly because it produces important crops like rice, wheat and maize and has a size of agricultural base. With their enormous agricultural holdings nations like China and India are concentrating on increasing agricultural out put in order to feed their sizable and expanding populations. The area makes important investments in plant growth regulators and other agricultural innovations and technologies in order to boost food security also manage environmental concerns and increase crop yields. Asia Pacific dominant position is partly a result of the region climate in which it is ideal for raising a variety of crops and the rising usage of modern agricultural techniques. To the improve crop performance and sustainability, governments and agricultural organizations in the area are pushing for the use of contemporary farming techniques and technology such as plant growth regulators. In the future of plant growth regulators are anticipated to see the fastest growth in the Asia Pacific region. The market is expected to continue growing rapidly because of the expansion of agriculture brought about by population growth and increased food consumption as well as continuous improvements in an agricultural technology. Region expansion is also anticipated to be aided by increased funding for agricultural research and favorable policies from the government targeted at increasing crop production and sustainability.

Plant Growth Regulators Market Report is also available for below Regions and Country Please Ask for that 

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions

• How much the global Plant Growth Regulators Market valued?
• Which region has the largest share in 2024 for the global Plant Growth Regulators Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of the Market

• Historic year: 2019- 2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million

Plant Growth Regulators Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: