Plant Activators Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Source (Chemical, Biological), By Crop Type (Fruits And Vegetables, Oilseeds And Pulses, Cereals And Grains), And By Geography - Forecasts From 2021 To 2026

The global plant activators market is expected to grow at a CAGR of 5.81% reaching a market size of US$1,321.143 million in 2029 from US$889.938 million in 2022.

The primary factor propelling the expansion of the plant activators market is the notable reduction in crop yield resulting from diverse biotic and abiotic stress factors, including pest infestation, dry spells, high temperatures, and bacterial and fungal illnesses. The advancement of agricultural technologies and the growing use of integrated pest management techniques are also driving market expansion. Another factor behind the global increase in sales of plant activators is the rising cost of farming especially in developed countries. Great success awaits the market vendors operating here as the sector continues to attract more interest from investors due to rising awareness on benefits associated with Plant Activators.

Increasing usage of fertilizers

Diverse nutrients increase plant yield, maintain global food security, and improve fertilizer efficiency. Micronutrients are the third class of vital crop nutrients. Micronutrients contribute to the general health and development of plants. Micronutrients support vital plant functions and growth, resulting in nutrient-rich food for people and animals. Micronutrients, which are frequently insufficient for crop growth, include boron, chlorine, copper, iron, manganese, molybdenum, and zinc. As a result of this growing need for fertilizers, the market for plant activators will expand.

Rising government regulations

The goal of governments everywhere is to grow the agriculture industry. On the other hand, policies like the Indian government's Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) will support the expansion of the agriculture industry. Through the Scheme, all farmer families nationwide will receive an income support of Rs. 6000/-per year in three equal instalments of Rs. 2000/-every four months. This financial support will allow the farmers to concentrate more on farming. Additionally, the market for plant activators will expand along with the agricultural sector.

Increasing demand for fruits and vegetables

Important nutrients including calcium, fibre, folate, iron, magnesium, potassium, and others can be found in abundance in fruits and vegetables.  It is necessary to ingest the two main categories of nutrients that are essential- either carbs or unsaturated lipids; from this basis, it can be considered that proteins must also be consumed. However, these essential requirements can only be provided by diet because they do not exist outside it; vitamins on the other hand contain minerals unlike protein plus more complex sugar molecules such as antibiotics or toxin agencies which produce energy and other needed substances.

Increasing need for pest control

Plant activators market growth is expected to be driven primarily by increased agricultural expenditures to improve crop yields and a rise in crop losses caused by an increase in pest attacks over the course of the outlook period. Using contemporary agricultural technologies to increase crop yields is another aspect that is anticipated to propel market expansion over the forecast period. The global market for plant activators is expected to grow as long as producers in the industry continue to concentrate their efforts on creating novel products that work with a range of crop species. Additionally, the plants cultivated there are now well-known brands in the marketplace. Furthermore, the productivity and quality of crops have decreased as a result of climate change, numerous pests, and diseases. As a result, there is a growing market need for products like plant activators that are used to grow and protect plants.

Increasing demand for chemical plant activators

Chemical plant activators often contain artificial substances that may trigger a quick and clear reaction in plants, leading to defense mechanisms or encouraging growth. Farmers looking for rapid outcomes are drawn to chemical sources because of their effectiveness and instant impact, particularly when crops are in danger of pests or diseases. Their widespread use can be attributed to familiarity with chemical inputs, well-established manufacturing processes, and ease of application.

Increasing application for soil treatment

Fungicides and pesticides are the main weapons used for soil treatment. Fungicides and pesticides are the main tools that are used to treat soil. Moreover, the treatment techniques for soil and water contaminated with pesticides include incineration, phytoremediation, photochemical processes, as well as ultrasound-promoted remediation and other advanced oxidation processes. The most sensible application method for fungal spores is probably soil treatment; however, this works best if the insect target has a susceptible soil phase. Fungal inoculum can be sustained over time when natural soil moisture levels are adequate to support conidial germination and mycelial growth.

High use of foliar spray for plant protection

Foliar spray is widely used upon due to its capacity to send active ingredients straight to the leaves where they can be absorbed and used in no time. It's an effective means of dealing with critical plant health matters like diseases or deficiencies in short periods. This approach also optimizes resource utilization by applying the plant activators directly to the foliage, reducing the chance of nutrient loss due to leaching.

Asia Pacific is witnessing exponential growth during the forecast period

Plant activators are becoming popular in Asia Pacific due to several factors. This has been brought about by the extensive agricultural practices within the region, increasing food demand in China and India, as well as the growing public awareness about their long-term benefits. 90% of the world's rice is consumed in Asia, where major crops grown include rice, sugar beet, fruits and vegetables, cereals, and grains. The direct application of micronutrients to treat plant deficiencies and their frequent spraying in combination or as additives has created a massive demand for plant activators in the Asia Pacific market. Plants use micronutrients, which are necessary elements, in small amounts. Crop uptake for the majority of micronutrients is less than one pound per acre. Despite this low requirement, the absence of micronutrients limits critical plant functions, leading to abnormalities in the plant, decreased growth, and decreased yield.

Market key launches

• In October 2023, the acquisition of MicroBioControl, a French company that specialized in microbial-based plant activators, by Italian biostimulant company Valagro broadened the company's product line.
• In September 2023, RhizoVital Zn, a zinc-infused biobased plant activator designed to increase crop resilience to salinity, heat stress, and drought, was released by BASF.
  

Segmentation:

• By Crop Type
  • Pulses
  • Cereals & Grains
  • Fruits & Vegetables
  • Oilseeds
  • Others
• By Source
  • Biological
  • Chemical
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Others