Plant growth regulator is a natural or synthetic chemical that is sprayed or applied to a seed or a plant in order to stimulate or regulate the growth of the plants. Plant growth regulators have transformed farming, with this farmers are able to boost as well as retard the growth of the plants. It functions as a chemical messenger for intercellular communication, and enhances the quality of the plants and increase marketability. PGR reduces labor costs. This triggers growth in plants faster than fertilizers. There are currently five known types of PGR, Auxins, Cytokinins, Gibberellins, Ethylene, and Abscisic Acid. They work together coordinating the growth of the plant. Organically produced goods are getting popular globally, which is a key factor for the growing market of Plant Growth Regulator.
It is used for controlling weed, propagating plants. Gibberellins increase sugarcane yield by lengthening stem. It helps in early seed production. The population is increasing at a very high pace which has a dual impact on crops.
By type, plant growth regulator market is segmented as Auxins, Cytokinins, Gibberellins, Abscisic Acid, and Ethylene. Cytokinins are consumed more and capture significant market share while Auxins are expected to grow rapidly.
By formulation, plant growth regulator market is segmented as water-dispersible and water-soluble, solutions and powders. Water-soluble are more popular form as it can be easily spread to the plants.
By geography, plant growth regulator market is segmented as North America, South America, Europe, Middle East and Africa, and the Asia Pacific. Europe region has significant plant growth regulator because of rapidly increasing demand for organic products. More and more European land is occupied by the household sector and industrial sector, leaving less space for farming, so they need to increase their crop productivity in a lesser area.
The plant growth regulator market is highly fragmented with thousands of manufacturers. The players are expanding globally to mirror their customers’ requirement. As a result, they are increasingly integrating with other players. The key players include Sygenta, Dow Chemicals, FMC Corporations, Nufarm and Tata chemicals.
The plant growth regulator market has been analyzed through the following segments:
Plant Growth Promoter
Plant Growth Inhibitor
By crop type
Fruits and Vegetables
Cereals and grain
Oilseeds and pulses
Water dispersible and water-soluble
Middle East and Africa