Flowering Stimulants Market was worth USD xx billion in 2021 and is projected to grow at a CAGR of xx%, to reach USD xx billion by 2026. The flowering of plants is very essential in both agriculture and horticulture. In horticulture, good flower yield is the priority to bear fruits and in agriculture also good flowering gives a good yield. So, farmers always try to increase the flower yield by using excessive fertilizers, both organic and chemical. This increases the yield but it has a limit to the growth and use of excessive fertilizers support growth of other vegetation which is not desirable.
Flower formation in plants is stimulated by certain hormones namely auxin, cytokinin, gibberellic acid, and Ethylene. Flowering stimulants increase the production of these substances in the plant and also in ratios favorable for flower yield. Currently, Nitrobenzene mixed with some other chemicals is the best and most used stimulant. It is estimated that flowering stimulants increase the flower yield by more than 40%.
Drivers and Restraints of Flowering Stimulants Market:
The increase in crop yields has become stagnant due to the increase in the use of fertilizers and other chemicals. This increased the demand alternatives which can increase the crop yield resulting in the demand for flowering stimulants. Increasing the necessity to improve crop yields due to the decreasing agricultural land, rapidly increasing population and increasing awareness among people regarding the stimulants are expected to drive the flowering stimulants market. However, the availability of alternate chemicals and strict approval regulations are restricting market growth.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2020 – 2026 |
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Base Year |
2020 |
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Forecast Period |
2022 - 2027 |
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CAGR |
xx% |
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Segments Covered |
By Type, Application, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Greenland Bio-Science, Molecule Agri, Nitesh Agro Industries, Sikko Industries, Redox Industries, Rishabh Intermediates, Bhartiya Fertilizers and Chemicals, and Agrichem Life Science and Others. |
Flowering Stimulants Market Segmentation:
Solid Flowering Stimulants
Liquid flowering stimulants hold the largest market share as they are easily absorbed by the plant within a short time.
The usage of flowering stimulants is very high in horticulture. It is because of the restrictions on the use of many fertilizers in horticulture. The agriculture segment is expected to be the fastest-growing segment due to the increasing popularity for flowering stimulants.
The Asia Pacific holds the largest market share. It is because Asia Pacific is the leading cultivator of horticulture where flowering stimulants are widely used. Latin America is expected to be the fastest-growing segment due to the increasing awareness among consumers.
Key Players:
Some of the major players in the Flowering Stimulants market are Greenland Bio-Science, Molecule Agri, Nitesh Agro Industries, Sikko Industries, Redox Industries, Rishabh Intermediates, Bhartiya Fertilizers and Chemicals, and Agrichem Life Science.
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