Share on

Asia-Pacific Plant Growth Regulators Market By Type (Cytokinins, Auxins, Gibberellins, And Others), By Crop Type (Fruits & Vegetables, Grains & Cereals, Oil Seeds, Turf & Ornamental Grass, And Others) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecast 2022 to 2027.

Published: January, 2022
ID: 1255
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia-Pacific Plant Growth Regulators Market Size 2026:

Asia-Pacific Plant Growth Regulators Market was worth USD 1600.8 million in 2021 and estimated to be growing at a CAGR of 5.05%, to reach USD 1800.02 million by 2026. Plant growth regulators are chemical substances that affect the growth of the plants in many complex ways. They regulate important activities such as cell division, shoot growth, and flowering.

Plant growth regulators are naturally occurring components that control the development and progress of plants. Some of them like cytokinins and auxins are man-made artificial growth regulators which are employed on plants to get a multitude of changes. Several plant growth regulators are prepared by the tissues of the plant.

Market Drivers:

The growth of the Asia-Pacific Plant Growth Regulators market is majorly due to factors such as increasing need for enhanced crop productivity, growing textile industry, and increasing demand for cotton. The initiatives taken by the government are another major factor driving the market in this region. However, factors such as less awareness among the farmers, few product innovations, and lower output of plant growth regulators when compared to chemical fertilizers are restraining the growth of the market in this region.

Market Segmentation:

Asia-Pacific Plant Growth Regulators Market – By Type:

  • Cytokinins

  • Auxins
  • Gibberellins
  • Others

On the basis of type, Cytokinins lead the plant growth regulators market, accounting for over 40% of the market share, and are also projected to witness the highest growth during the forecast period. Demand for cytokinins has been on the rise due to their widespread use in increasing the capacity of plants to tolerate water deficiency, by guarding the nitrogen and carbon integration process during stress.

Asia-Pacific Plant Growth Regulators Market – By Crop Type:

  • Fruits & Vegetables
  • Grains & Cereals
  • Oil seeds
  • Turf & Ornamental Grass
  • Others

Cereals & Oilseeds lead the market on the basis of Crop Type, followed by fruits & Vegetables.

Geographical Analysis:

The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Developing countries in this region such as India and China are projected to witness significant growth in the Plant Growth Regulators market due to the large scale cotton industries and increasing acceptance of sustainable farming in this region.

Key Players:

The main policies implemented by the companies to increase their market share in the plant growth regulators market are new products, and mergers & acquisitions. The strategy of efficient and strong yielding products would lead to improved user gratification. The major companies dominating the Plant Growth Regulators market in this region are BASF SE, Bayer Crop Science, DuPont, FMC Corporation, Tata Chemicals Limited, and Xinyi Industrial Co Ltd.

Please wait. . . . Your request is being processed

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: sales@marketdataforecast.com

Click for Request Sample