Home > Agriculture > Crop Care > Pest and Disease Management > Plant Growth Regulators Market

Plant Growth Regulators Market Share

Report ID: GMI1962
Published Date: Aug 2024
Report Format: PDF

Download Free Sample

Plant Growth Regulators Market Share

Plant Growth Regulators Market Company Share, (2023)

The competitive landscape for plant growth regulators (PGRs) is marked by the presence of several key players, each leveraging their strengths to capture market share. Leading companies like BASF SE, Bayer AG, and Syngenta AG are at the forefront, driven by their extensive research and development capabilities, broad product portfolios, and strong global presence. These companies invest heavily in innovation to develop advanced PGR formulations that cater to the evolving needs of modern agriculture, such as improving crop yield, enhancing stress resistance, and promoting sustainable farming practices. Their ability to offer comprehensive solutions, coupled with robust distribution networks, positions them as dominant forces in the PGR market.

In addition to these industry giants, companies like Adama Agricultural Solutions Ltd, Arysta Lifescience, and Valent Biosciences LLC contribute to the dynamic competitive environment with their specialized expertise and targeted market strategies. These firms often focus on niche segments or specific geographic regions, providing tailored PGR products that address local agricultural challenges. Nufarm Limited and Nippon Soda Co Ltd also play significant roles, leveraging their unique product offerings and strong regional footholds to compete effectively. Meanwhile, DowDuPont and Tata Chemicals Ltd continue to expand their influence through strategic partnerships and innovations. This competitive interplay fosters a vibrant market landscape characterized by continuous advancements and diverse product options for farmers worldwide.

Plant Growth Regulators Market Companies

Major players operating in the industry include:

Adama Agricultural Solutions Ltd
Arysta Lifescience
BASF SE
Bayer AG
Dow
Nippon Soda Co Ltd
Nufarm Limited
Syngenta AG
Tata Chemicals Ltd
Valent Biosciences LLC

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

Global market size for plant growth regulators was valued at USD 8.23 billion in 2023 and will exhibit a CAGR of over 6.5% from 2024 to 2032, driven by rising demand for higher crop yields to support the growing population.

The cytokinins segment was valued at USD 3.43 billion in 2023 and is expected to reach USD 6.26 billion by 2032, due to their vital role in boosting plant growth and crop yields.

Europe plant growth regulator market generated a revenue of USD 4.17 billion in 2023 and is expected to reach USD 7.47 billion by 2032 owing to its advanced agricultural practices and strong regulatory support for sustainable farming.

Adama Agricultural Solutions Ltd, Arysta Lifescience, BASF SE, Bayer AG, Dow, Nippon Soda Co Ltd, Nufarm Limited, Syngenta AG, Tata Chemicals Ltd, and Valent Biosciences LLC.