Plant Activators Market

Plant Activators Market Size & Growth (2022 - 2027):

The plant activators market was $ 597.56 million in 2021 and is foreseen to grow at a compound annual growth rate of 6.3% to reach $ 878.75 million by 2026. Plant activators induce defense genes in plants by delivering signals through the salicylic acid-mediated signal transduction pathway. Since plant activators have no pesticidal or antibiotic activity, their harmful effects on human health and the environment are minimal.

Plant activators are chemicals that induce defense responses of plants to a broad spectrum of pathogens. Plant activators have several benefits, including increasing the natural defense mechanisms of crops to reduce stress events, maximizing yield. Furthermore, under stress, plant activators provide the main nutrients that improve crop yield. It also improves recovery and is compatible with most pesticides and foliar fertilizers.

Impact of COVID-19 on Plant Activators Market:

There is no doubt that in addition to its impact on public health, Coronavirus and the blockade that took place as of March 2020 in an attempt to contain its spread had a significant economic impact that affected all sectors of the economy. Farmers markets are no exception. Despite the fact that food is a commodity that, in principle, is not subject to movement restrictions, food markets have been significantly affected by the spread of the novel coronavirus disease. The impact was manifested in the form of supply and demand shocks. Additionally, consumers' purchasing behavior has changed, with the rise of online transactions and home delivery services replacing in-person purchases. On the supply side, along the value chain, there are labor and logistical limitations.

Recent Developments in the Plant Activators Market:

A latest high-throughput screening technique made by scientists at the RIKEN Plant Science Center (PSC) was utilized to discover five latest immuno-priming compounds in Arabidopsis plants. The discovery of compounds, which improve resistance to disease without harming plant growth or crop yield, makes the new technique a powerful asset in the battle to protect crops from harmful pathogens.

Plant Activators Market Drivers:

Increased pest attacks, which in turn have led to large crop losses and increased agricultural expenditures to improve crop yields, are the main factors likely to drive the growth of the global Plant Activators market in the course of the outlook period. Additionally, the use of modern agricultural technologies to maximize crop yields is another factor likely to drive market growth during the outlook period. The continued concentration of manufacturers operating in the market to develop innovative products that can be used for various crop species is estimated to drive the growth of the worldwide plant activators market. The plants grown there have also become a household name on the market. The breeding and feeding of specialized breeds in closed spaces is included in the category of indoor breeding. Changes in the state of the environment and climatic conditions, as well as the appearance of various pests and epidemics have a negative impact on the yield and quality of crops. This has dramatically increased the demand for crop care and protection products, such as plant activators, recently. The agricultural sector is changing rapidly with growing developments around the world. Several markets are emerging in the agricultural sector, with a dominant driver of the growing demand for food products. The decrease in resources and arable land leads to greater pressure on the supply and demand of agricultural products, which has been shown to be a factor in the emergence of new products that can increase agricultural production.

Plant Activators Market Restraints:

The presence of plant activator products is still very limited in the industry, owing to the different rules that prevail in different nations. In addition, there is a heavy dependence on chemicals in developing areas. These factors are foreseen to restrain the expansion of the global plant activators market.

Opportunities in the Plant Activators Market:

The increasing number of nurseries has become a significant trend in several regions. This factor, together with the availability of new technologies for spraying chemicals and activators, has driven the growth of the market. The major suppliers to the herbal activator market are estimated to take advantage of the growing popularity of pesticides and protective chemicals. An increase in sales of plant activators worldwide can also be attributed to increased agricultural spending, especially in developed countries. However, market growth is hampered by several factors, such as the unavailability of products in several developing countries and the heavy dependence of farmers in developing countries on chemicals. The global market for plant activators is believed to be lucrative for providers active in the market due to the growing awareness of the benefits of plant activators and increased investment in the agricultural sector.

PLANT ACTIVATORS MARKET REPORT COVERAGE:

Plant Activators Market Segmentation:

Plant Activators Market By Crop Type:

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

According to the type of crop, the fruit and vegetables segment represented the largest market share; This can be attributed to increased health awareness among consumers and increased income, resulting in increased consumption of a wide variety of products, especially fruits and vegetables.

Plant Activators Market By Mode of Application:

• Foliar Spray
• Soil Treatment

Plant Activators Market By Source:

• Biological
• Chemical

According to the source, the biological segment dominated the market for plant activators in 2020. Organic plant activators play an important role in plant growth as they help improve the efficiency of nutrient utilization. Biological products are made from natural substances that can act on their own and complement traditional methods of plant production and protection.

Plant Activators Market Regional Analysis:

The Plant Activators Market Report includes the segmentation of below regions:

North America 
Europe 
Asia Pacific
Latin America 
Middle East & Africa

Europe accounted for the largest market share for plant activators in 2020. Due to the decline in agricultural land in Europe, optimizing available arable land has gained increasing importance in the region, which in turn stimulates demand for plant growth regulators. Plant activators have gained wide acceptance as they are expected to increase long-term agricultural productivity and help achieve the goal of food self-sufficiency. The Asia-Pacific region is an emerging market with investments from several multinational manufacturers, especially in countries such as China, New Zealand and Japan. The European market has a significant revenue share of the global Plant Activator market compared to the market in other regions. The growing demand for organic food products in the region is supposed to drive market growth. The Asia-Pacific region represents the second highest contribution in terms of revenue share in the global plant activators market, followed by the markets of North America, Latin America and the Middle East and Africa respectively. The Asia-Pacific market is expected to experience comparatively faster growth in terms of revenue over the next 10 years. The growing demand for plant activators to maximize crop yield in countries such as India, China and Japan is likely to drive the growth of the plant activator market in the area.

Consumers are most concerned about health in North America and Europe. More and more people are choosing healthier and more nutritious foods. Agricultural land is shrinking in Europe. Europe is now increasingly giving importance for agricultural lands, improving efficiency or productivity. Therefore, the market for plant activators in Europe is estimated to grow at a faster rate. The region is foreseen to dominate the global market for plant activators. Agriculture is the main industry in countries like India in Asia Pacific. People are embracing technological advances in agriculture in the region. This leads to the use of plant activators in the area.

Plant Activators Market Key Players:

The major players covered in the global plant activators market report are Syngenta Crop Protection AG, Isagro S.P.A, BASF SE, Plant Health Care plc., Arysta LifeScience Corporation., Nihon Nohyaku Co., Ltd., Meiji Holdings Co., Ltd., Certis USA L.L.C., Gowan Company, Futureco Bioscience S.A., NutriAg Group Ltd., Eagle Plant Protect Private Limited., Excel Crop Care Ltd., Jaivik Crop Care LLP, NACL Industries Ltd., Koppert B.V., and Agrauxine.