Asia-Pacific Plant Growth Regulators Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Type (Cytokinins, Auxins, Gibberellins, And Others), Crop Type (Fruits & Vegetables, Grains & Cereals, Oil Seeds, Turf & Ornamental Grass, And Others) And By (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis From (2024 to 2029)

Updated On: June, 2024
ID: 1255
Pages: 145

Asia-Pacific Plant Growth Regulators Market Size (2024 to 2029)

The Asia-Pacific plant growth regulators market size is expected to reach USD 1855.77 million in 2024 and reach USD 2374.13 million by 2029, growing at a CAGR of 5.05% from 2024 to 2029. 

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.

The growth of the Asia-Pacific plant growth regulators market is majorly due to factors such as the increasing need for enhanced crop productivity, the growing textile industry, and the 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.

SEGMENT ANALYSIS

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.

COUNTRY ANALYSIS

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

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 IN THE ASIA PACIFIC PLANT GROWTH REGULATOR MARKET

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.

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Frequently Asked Questions

1. what is the current market size of the Asia Pacific plant growth regulators market?

As per the Market Data Forecast report analysis, the Asia-Pacific plant growth regulators market size is expected to reach USD 1855.77 million in 2024 and reach USD 2374.13 million by 2029

2. what are the market factors that are growing in the Asia pacific plant growth regulators market?

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.

3. who are the market players that are dominating in the Asia Pacific plant growth regulators market?

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.

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