Asia - Pacific plant growth regulators market is projected to register a CAGR of 8.1% during the forecast period. Plant growth regulators are the chemicals that promote the physiological process in the plants and aid in their growth. Growing organic farming coupled with the need for sustainable agriculture is the prime driver of the market whereas the unpopularity of plant growth regulators among the rural farmers is the major market restraint.
Key Market Trends
Increasing Organic Framing Drives the Market.
Plant growth regulators are essential in organic farming to promote the growth of the plants. Organic plant growth regulators such as seaweed plant growth promoters have been using in organic farming extensively. The popularity for organic farming has been continuously growing in some major countries like India, China, Australia, etc,. Therefore growing organic agriculture combined with the demand for organic food is anticipated to push the market further in the coming years.
Need for Sustainable Farming
Plant growth regulators play a key role in the minimization of environmental stress and expanding the yield of crops. The growing population and limited land availability can cause significant food scarcity across the region and it is already seen in some parts of the Asian countries. In order to increase crop productivity, sustainable farming became mandatory. Thus, the application of plant growth regulators, which is one of the components of sustainable farming is anticipated to increase in the coming years.
Competitive Landscape
Asia-Pacific plant growth regulators market is highly fragmented with many players in the market. The players are mainly focused in launching new products along with strategic investments in expansion. Bayer AG, FMC Corporation, Crystal Corporation are some of the leading players in the region.
Reasons to Purchase this report:
Key Market Trends
Increasing Organic Framing Drives the Market.
Plant growth regulators are essential in organic farming to promote the growth of the plants. Organic plant growth regulators such as seaweed plant growth promoters have been using in organic farming extensively. The popularity for organic farming has been continuously growing in some major countries like India, China, Australia, etc,. Therefore growing organic agriculture combined with the demand for organic food is anticipated to push the market further in the coming years.
Need for Sustainable Farming
Plant growth regulators play a key role in the minimization of environmental stress and expanding the yield of crops. The growing population and limited land availability can cause significant food scarcity across the region and it is already seen in some parts of the Asian countries. In order to increase crop productivity, sustainable farming became mandatory. Thus, the application of plant growth regulators, which is one of the components of sustainable farming is anticipated to increase in the coming years.
Competitive Landscape
Asia-Pacific plant growth regulators market is highly fragmented with many players in the market. The players are mainly focused in launching new products along with strategic investments in expansion. Bayer AG, FMC Corporation, Crystal Corporation are some of the leading players in the region.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned
A selection of companies mentioned in this report includes:
- Bayer AG
- FMC Corporation
- Corteva AgriScience
- Sichuan Guoguang Agrochemical Co. Ltd
- Zeon Corporation
- Sumitomo Chemicals
- Adama
- BASF
- Crystal Crop Protection
Methodology
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