Plant Growth Regulators

Plant Growth Regulators Market by Product Type (Abscisic Acid, Auxins, Cytokinins), Crop Type (Cereals & Grains, Fruits, Oilseeds & Pulses), Functionality, Mode of Application, Method of Synthesis, End User, Commercial Product Names, Packaging Size, Lifecycle Stage, Usage Intensity - Global Forecast 2025-2030

SKU
MRR-4330CC794C2C
Region
Global
Publication Date
January 2025
Delivery
Immediate
2024
USD 3.56 billion
2025
USD 3.82 billion
2030
USD 5.41 billion
CAGR
7.20%
360iResearch Analyst Ketan Rohom
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The Plant Growth Regulators Market size was estimated at USD 3.56 billion in 2024 and expected to reach USD 3.82 billion in 2025, at a CAGR 7.20% to reach USD 5.41 billion by 2030.

Plant Growth Regulators Market
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Plant Growth Regulators (PGRs) are key substances that influence the physiological processes of plants, such as growth, development, and stress response. They encompass auxins, gibberellins, cytokinins, ethylene, and abscisic acid. The necessity of PGRs lies in enhancing crop yield, improving plant resistance to biotic and abiotic stresses, and optimizing agricultural productivity. They find applications across diverse sectors like agriculture, horticulture, and forestry, with end-uses in enhancing crop quality, regulating fruit ripening, and managing plant size. The market for PGRs is primarily driven by the increasing demand for higher crop productivity due to rising global food demand, urbanization reducing arable land per capita, and an increasing focus on sustainable agricultural practices. Innovations in biotechnology and the development of new synthetic and bio-based PGRs present lucrative opportunities. Companies can leverage advancements in gene editing and explore biologically derived PGRs to meet growing consumer demand for organic and eco-friendly products. Regulatory policies favoring sustainable and environment-friendly agricultural inputs further boost market potential. However, the market growth is challenged by stringent regulatory frameworks, the complexity of PGR application, and the high cost of product development and registration. Limited awareness and availability in developing regions also pose challenges. Innovation areas include research into natural and low-toxicity PGR alternatives and improved application technologies that ensure precision usage and minimize environmental impact. Companies should focus on partnerships with research institutions to drive advancements in PGR efficacy. They should also consider expanding their distribution networks to enhance accessibility in emerging markets. Overall, while the PGR market holds significant promise driven by the necessity for improved agricultural productivity and sustainability, success will depend on overcoming regulatory and cost barriers, alongside continuous investment in research and innovation to align with evolving agriculture needs and environmental concerns.

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Market Dynamics

The market dynamics represent an ever-changing landscape of the Plant Growth Regulators Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Population growth and urbanization driving the need for increased agricultural productivity through PGR
    • Expansion of organic farming and Integrated Pest Management (IPM) systems increasing reliance on biostimulants
    • Expanding awareness of the negative impacts of chemical pesticides leading to the adoption of PGR alternatives
  • Market Restraints
    • Factors limiting the expansion of plant growth regulators in agriculture and horticulture industries
    • Resistance and hesitation in the adoption of plant growth regulators from traditional farming sectors
    • Market restrictions due to stringent international and regional compliance requirements for applications
  • Market Opportunities
    • Increased demand for plant growth regulators in horticulture to enhance flower and fruit production
    • Development of next-generation PGRs with enhanced efficacy and environmental safety presents a lucrative avenue
    • Growing need for advanced plant growth regulators to counteract abiotic stresses associated with climate change
  • Market Challenges
    • Adapting to changes in crop patterns and demand fluctuations from key agricultural sectors
    • Managing public perception and addressing misconceptions about plant growth regulators' safety
    • Ensuring cost-effectiveness and economic viability in the production of plant growth regulators

Market Segmentation Analysis

  • Type: Exploring the role of plant growth regulators in development, stress response, and agricultural applications

    Abscisic acid is involved in developmental plant processes, such as seed dormancy, control of organ size, and stress response, helping plants to withstand drought and salinity. Abscisic acid is widely used when plants need to improve their water use efficiency or to cope with stressful environmental conditions. Auxins are primarily used to stimulate rooting in cuttings, enhancing fruit development, and are often used as a weed killer in certain formulations. Cytokinins promote shoot proliferation, enhance flowering, and are sometimes used in tissue culture. Commercially, ethylene ripens fruits such as bananas, tomatoes, and citrus, making it crucial for agricultural and food industries. Gibberellins are used to increase the size and yield of fruits and promote germination in seeds by breaking dormancy.

  • Crop Type: Enhancing crop production using plant growth regulators in agriculture

    Plant growth regulators are used in cereals and grains such as wheat, rice, and corn crops worldwide to improve yield and enhance resistance to environmental stresses. Gibberellins increase fruit size in grapes and tomatoes, while chlorfenuron boosts kiwi fruit size and production for optimum production. In oilseeds such as soybean and pulses such as lentils, PGRs primarily focus on improving the robustness of plants and increasing oil content or seed productivity. Ethylene inhibitors are common for delaying senescence in oilseeds, thereby extending the plant's productive life. Plant growth regulators suppress unwanted vegetative growth or promote more vibrant blooms.

    In the agricultural sector, plant growth regulators (PGRs) represent critical tools to enhance crop productivity and quality across various crop types. Cereals and grains, such as wheat, rice, and corn, are central to global food security, and the use of gibberellins and cytokinins in this segment is pivotal for increasing crop yields and adapting to changing climates. The fruits and vegetables sector also benefits significantly from PGRs, particularly ethylene inhibitors, which extend produce shelf life and reduce waste, and auxins, which improve fruit development. In oilseeds and pulses, which include soybeans and lentils, PGR focuses on enhancing seed quality and oil content. The turf and ornamentals sector utilizes PGRs such as tranexamic-ethyl to enhance aesthetic qualities and reduce maintenance, with denser growth and improved coloration. The consistent theme is the drive towards sustainable agricultural practices and efficiency, reflecting a growing trend that influences product development and sector-wide innovations. The diverse applications of PGRs in agriculture emphasize a continual evolution toward sustainability and enhanced crop performance.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Plant Growth Regulators Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

PESTLE Analysis

The PESTLE analysis offers a comprehensive tool for understanding and analyzing the external macro-environmental factors that impact businesses within the Plant Growth Regulators Market. This framework examines Political, Economic, Social, Technological, Legal, and Environmental factors, providing companies with insights into how these elements influence their operations and strategic decisions. By using PESTLE analysis, businesses can identify potential opportunities and threats in the market, adapt to changes in the external environment, and make informed decisions that align with current and future conditions. This analysis helps companies anticipate shifts in regulation, consumer behavior, technology, and economic conditions, allowing them to better navigate risks and capitalize on emerging trends.

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Plant Growth Regulators Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Plant Growth Regulators Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Recent Developments

  • Strategic Expansion and Innovation Drive at GSP Crop Science

    GSP Crop Science, an agricultural solutions provider, has announced its plan to expand its reach in the plant growth regulator market in India and abroad. The company's plant growth regulators line, including hormone-based products, has been highly effective in promoting plant growth and ensuring maximum yields. GSP Crop Science's efforts to expand in this market are expected to benefit farmers while contributing to agricultural sectors' sustainable development. [Published On: April 11, 2023]

  • Corteva Enhances Its Footprint in the Biologicals Market Through Strategic Acquisitions

    Corteva, Inc. acquired Symborg and Stoller. Symborg, located in Murcia, Spain, to leverage Symborg’s diverse portfolio and emerging biocontrol pipeline, along with Stoller’s proven commercial model and technical acumen, to meet the demands of the rapidly expanding biologicals sector. These strategic moves underscore Corteva’s commitment to advancing sustainable agricultural practices and enhancing farm productivity through innovative, environmentally friendly solutions. [Published On: March 02, 2023]

  • Sumitomo Chemical's Acquisition of FBSciences, Strategic Expansion in the Biorationals Sector

    Sumitomo Chemical Corp. acquired FBSciences Holdings, Inc. (FBS), a company specializing in the development, manufacturing, and marketing of biostimulants and biopesticides. The integration of FBS's proprietary technologies and product offerings is expected to drive further growth and innovation in the biorational market, aligning with global trends towards sustainable agriculture. [Published On: January 31, 2023]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Plant Growth Regulators Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Plant Growth Regulators Market, highlighting leading vendors and their innovative profiles. These include ADAMA Agricultural Solutions Limited, Arysta LifeScience Corporation, Awiner Biotech, Barclay Chemicals Manufacturing Limited, BASF SE, Bayer AG, BioWorks Inc., Corteva Agriscience, Dhanuka Agritech Limited, Dharmaj Crop Guard Limited, DowDuPont Inc., Eastman Chemical Company, Excel Crop Care Ltd., Fine Americas Inc., FMC Corporation, Gold Biotechnology, Inc., Helena Chemicals Inc, Kalyani Industries Limited., Loveland Products Inc, Merck KGaA, Nippon Soda Co., Ltd., Nufarm Ltd., PBI-Gordon Corporation by PBI-Gordon Companies, Inc., Peptech Biosciences Ltd., PhytoTech Labs, Inc., Platform Specialty Products Corp (Albaugh LLC), PROXIMA BIO-TECH PVT LTD., Redox Industries Limited, SePRO Corporation, Sipcam Agro USA, Inc, Sumitomo Chemical Co., Ltd., Syngenta Crop Protection AG, Tata Chemicals Ltd., United Phosphorus Inc., UPL Europe Ltd., Valent Biosciences LLC, Volkschem Crop Science Pvt. Ltd., Wilbur-Ellis Company, WinField United. by Land O’Lakes, Inc., and Zagro.

Market Segmentation & Coverage

This research report categorizes the Plant Growth Regulators Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Product Type
    • Abscisic Acid
    • Auxins
    • Cytokinins
    • Ethylene
    • Gibberellins
  • Crop Type
    • Cereals & Grains
    • Fruits
    • Oilseeds & Pulses
    • Turf & Ornamentals
      • Commercial Properties
      • Golf Courses
      • Residential Lawns
    • Vegetables
  • Functionality
    • Growth Inhibitors
      • Root Inhibitors
      • Vegetative Growth Inhibitors
    • Growth Promoters
    • Ripening Agents
  • Mode of Application
    • Foliar
    • Injection
    • Seed Treatment
      • Coating
      • Priming
    • Soil Treatment
  • Method of Synthesis
    • Biological Derivatives
    • Synthetic Chemicals
  • End User
    • Agricultural Farmers
    • Commercial Greenhouses
    • Horticulturists
    • Researchers
  • Commercial Product Names
    • Brand A
      • Granular Form
      • Liquid Form
    • Brand B
    • Brand C
  • Packaging Size
    • Bulk Packaging
    • Small-Scale Packages
      • Commercial Units
      • Household Units
  • Lifecycle Stage
    • Emerging Markets
    • Established Markets
    • Growth Markets
  • Usage Intensity
    • High
    • Low
    • Medium
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Plant Growth Regulators Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Plant Growth Regulators Market, by Product Type
  7. Plant Growth Regulators Market, by Crop Type
  8. Plant Growth Regulators Market, by Functionality
  9. Plant Growth Regulators Market, by Mode of Application
  10. Plant Growth Regulators Market, by Method of Synthesis
  11. Plant Growth Regulators Market, by End User
  12. Plant Growth Regulators Market, by Commercial Product Names
  13. Plant Growth Regulators Market, by Packaging Size
  14. Plant Growth Regulators Market, by Lifecycle Stage
  15. Plant Growth Regulators Market, by Usage Intensity
  16. Americas Plant Growth Regulators Market
  17. Asia-Pacific Plant Growth Regulators Market
  18. Europe, Middle East & Africa Plant Growth Regulators Market
  19. Competitive Landscape
Frequently Asked Questions
  1. How big is the Plant Growth Regulators Market?
    Ans. The Global Plant Growth Regulators Market size was estimated at USD 3.56 billion in 2024 and expected to reach USD 3.82 billion in 2025.
  2. What is the Plant Growth Regulators Market growth?
    Ans. The Global Plant Growth Regulators Market to grow USD 5.41 billion by 2030, at a CAGR of 7.20%
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