Asia Pacific Paclobutrazol Market size was around USD XX billion in 2021. It is expected to grow at a CAGR of XX% to reach USD XX billion by 2026.
Paclobutrazol is a triazolic plant growth regulator or fungicide that supports pruning in different plants & trees and controls vegetative growth. The primary function of this fungicide is to regulate health & vitality of plants and promote compactness. Furthermore, it blocks gibberellin biosynthesis and reduces ethylene, abscisic acid, & indole-3-acetic acid levels coupled with growing cytokinin levels. Moreover, numerous economic & additional benefits of Paclobutrazol are improved colour, fewer seed heads, fewer clipping, deeper roots, and ease in trimming.
Asia Pacific Paclobutrazol Market Drivers:
The development of the Asia Pacific Paclobutrazol Market is fuelled by increase in demand for vegetables and fruits, led by changing dietary patterns. Additionally, rise in awareness among people towards food security and declining usage of arable land are expected to propel the market growth in the forecast period. Furthermore, growing demand for Paclobutrazol in non-crop applications like ornamental plants and turf is estimated to drive the market growth during the aforementioned forecast period. But still, limited awareness about the benefits of Paclobutrazol among farmers is likely to inhibit the market growth.
Asia Pacific Paclobutrazol Market – By Type:
Asia Pacific Paclobutrazol Market – By Application:
On the basis of geography the market is segmented into India, China, Korea, Japan and others.
Key players in the market include Bailing Agrochemical, India Pesticides Limited, Jiangsu Sevencontinent Green Chemical, R.V. Agri Corporation, Yancheng Limin Chemical, Yuelian, Rainbow, Jiannong, Jiangsu Luye Agrochemicals, and Canary Agrochemicals Pvt. Ltd.
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