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Cytokinins Market Share

Report ID: GMI9204
Published Date: Apr 2024
Report Format: PDF

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Cytokinins Market Share

In the realm of the cytokinins industry, Valent BioSciences Corporation, BASF SE, Syngenta AG, Novozymes A/S, and FMC Corporation stand out as market leaders, each contributing significantly to the industry's advancement and growth. Valent BioSciences, a subsidiary of Sumitomo Chemical Company, leads with its comprehensive range of biological-based solutions tailored for agriculture, public health, and forestry, including cytokinin-based products that enhance crop productivity and stress tolerance. BASF SE, a multinational chemical company, solidifies its position through a diverse portfolio encompassing plant growth regulators, including cytokinin-based formulations meticulously designed to bolster plant growth, yield, and quality across various crops.

Syngenta AG, renowned for its global presence and comprehensive lineup of crop protection products and seeds, emerges as a leader by offering cytokinin-based solutions aimed at optimizing plant performance and stress management, bolstering agricultural productivity. Novozymes A/S, a pioneering biotechnology company specializing in enzyme and microbial solutions, advances its market leadership with cytokinin-based products tailored to augment nutrient uptake, root development, and overall plant health, aligning with modern agricultural practices. FMC Corporation, a global agricultural sciences company committed to innovation and sustainability, consolidates its leadership with cytokinin-based formulations integrated into its plant growth regulator portfolio, driving improved crop performance and yield optimization. Collectively, these market leaders exemplify excellence in research, development, and innovation, underscoring their pivotal roles in shaping the market landscape and advancing agricultural sustainability and productivity on a global scale.

Cytokinins Market Companies

Major players operating in the market include:

AgBiTech Pty Ltd
BASF SE
Bayer AG
Corteva Agriscience
FMC Corporation
Gowan Company LLC
Isagro S.p.A.
Marrone Bio Innovations, Inc.
Novozymes A/S
Nufarm Limited
Syngenta AG
UPL Limited
Valent BioSciences Corporation

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for cytokinins was USD 1.9 billion in 2023 and is expected to register over 7.4% CAGR from 2024-2032 owing to their role in fortifying resilience against environmental adversities, augmenting agricultural yields, and refining crop quality worldwide.

Cytokinins industry from the adenine – type segment recorded USD 755 million in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to their structural congruence with naturally occurring cytokinins facilitating efficient assimilation and utilization by plants.

North America industry reached USD 637 million in 2023 and is expected to register a commendable CAGR from 2024-2032 due to a robust agricultural sector characterized by advanced farming practices, and extensive research and development activities in the region.

BASF SE, Bayer AG, Corteva Agriscience, FMC Corporation, Gowan Company LLC, Isagro S.p.A., Marrone Bio Innovations, Inc., Novozymes A/S, Nufarm Limited, Syngenta AG, UPL Limited, and Valent BioSciences Corporation, are some of the major cytokinins companies worldwide.