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  • 8 July 2019 21:36

Plant Growth Regulators Market Statistics

Plant growth regulator market size is poised to hit around USD 5.4 billion by 2026 and will grow at a CAGR above 4.2 % from 2019 to 2026.

Drivers

The increased demand for organically produced products in the forecast period is expected to raise demand for plant growth regulators. This will have a positive impact on the world market of regulators for plant growth. Today, many pharmaceutical companies are investing enormously in seed drug research and development to meet the growing needs of herbal medicines. Producers are interested in the development of disease-specific plant growth regulators as technology progresses in the field of medicines and biotechnology. Edible vaccines will influence the growth of the global plant growth regulator market in the forecast period.

Key Players & Strategies

CropScience Australasia Pty, BASF SE, Redox Industries Limited., DuPont, Sichuan Guoguang Agrochemical Co. Ltd, NuFarm Ltd., and Xinyi(H.K.) Ltd is some of the leading market companies.

These players operate their businesses via a global and manufacturing network mainly located in Europe and Asia-Pacific. The leading market actors for DuPont, BASF SE, and Bayer Ag are based on their global presence, revenue, and the number of employees.

The report analyzes and forecasts the Plant Growth Regulators market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global Plant Growth Regulators market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the Plant Growth Regulators market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of Plant Growth Regulators market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding. Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities. Key Questions Answered in the Report

The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include- • What is the overall structure of the market? • What was the historical value and what is the forecasted value of the market? • What are the key product level trends in the market? • What are the market level trends in the market? • Which of the market players are leading and what are their key differential strategies to retain their stronghold? • Which are the most lucrative regions in the market space?

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