The Business Research Company’s report on the Plant Growth Regulators Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the plant growth regulators market?
Increasing demand for organic farming is expected to propel the growth of the plant growth regulators market going forward. Organic farming refers to producing crops, animals, and other goods without using synthetic chemical pesticides, antibiotics, transgenic species, growth-stimulating hormones, or other chemicals. Plant growth regulators are primarily used in organic farming to improve crop quality and yield, boost root growth, and raise the size and productivity of specific crops, including grapes and strawberries. These factors boost the plant growth regulators market. For instance, according to the IFOAM Organics Europe, a Belgium-based non-profit organization, in 2022, the total area of farmland dedicated to organic production in the EU reached 16.9 million hectares. This marked a 10.8% increase in the number of organic producers compared to 2021, bringing the total to 419,112. Therefore, increasing demand for organic farming is driving the growth of the plant growth regulators market.
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How has the plant growth regulators market size evolved, and what are the latest forecasts for its expansion?
The plant growth regulators market size has grown strongly in recent years. It will grow from$3.23 billion in 2024 to $3.54 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increasing demand for food production, awareness and adoption among farmers, government initiatives and regulations, focus on crop quality and yield, and expansion of the agriculture industry
The plant growth regulators market size is expected to see strong growth in the next few years. It will grow to “$5.16 billion in 2029 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to continued population growth, climate change challenges, focus on sustainable agriculture, market expansion in developing countries, collaborations and partnerships. Major trends in the forecast period include advancements in biotechnology, technological advancements in agriculture, technological advancements in PGR production, increasing demand for organic products, and expanding application in various crops.
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Which major companies dominate the plant growth regulators market?
Major companies operating in the plant growth regulators market include BASF SE, Bayer Crop Science, Corteva Agriscience, Sumitomo Chemica Co. Ltd, Syngenta AG, Valent BioSciences Corporation, NuFarm Ltd., Food Machinery & Chemical Corporation, ADAMA India Private Limited, Nippon Soda Co. Ltd., Arysta LifeScience Corporation, Tata Chemicals Limited, Sichuan Guoguang Agrochemical Co. Ltd, United Phosphorus Limited, Redox Industries Ltd, Xinyi (H.K.) Industrial Co. Ltd., WinField Solutions LLC, Nissan Chemical Corporation, Sikko Industries Ltd., Crop Care Australasia Pty Ltd., Biolchim S.p.A., Novozymes A/S, Isagro S.p.A., Fine Americas Inc., Agro-K Corporation, Plant Hormones Ltd., Albaugh LLC, Westbridge Agricultural Products, Loveland Products Inc.
What trends will shape the future of the plant genomics market?
Major companies operating in the plant growth regulators market are focusing on introducing innovative products such as combining plant growth regulators to sustain their position in market. Combining plant growth regulators refers to the practice of using multiple types of growth hormones or synthetic compounds together to enhance or regulate plant growth and development more effectively. For instance, in July 2024, Zhejiang Sega Science and Technology Co.Ltd, a China-based farming company, launched A PANG. A PANG is a plant growth regulator combining Choline chloride and S-Abscisic acid, designed to enhance photosynthesis and improve crop resilience. It promotes better nutrient distribution and accelerates tuber expansion, boosting crop quality and yield.
Which region dominates the plant growth regulators market, and what factors contribute to its leadership?
Europe was the largest region in the plant growth regulators market in 2024. The regions covered in the plant growth regulators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How is the plant growth regulators market segmented, and which segment holds the largest share?
The plant growth regulators market covered in this report is segmented –
1) By Type: Cytokinins, Auxins, Gibberellins, Ethylene, Other Types
2) By Formulation: Water-Dispersible And Water-Soluble Granules, Wettable Powders, Solutions
3) By Application Type: Fruits And Vegetables, Cereals And Grains, Oil Seeds And Pulses, Turf And Ornaments
Subsegments:
1) By Cytokinins: Zeatin, Kinetin, Benzyladenine (BA), Thidiazuron (TDZ)
2) By Auxins: Indole-3-Acetic Acid (IAA), Indole-3-Butyric Acid (IBA), Naphthalene Acetic Acid (NAA), 2,4-Dichlorophenoxyacetic Acid (2,4-D)
3) By Gibberellins: Gibberellic Acid (GA3), GA4 And GA7 (Gibberellins A4 And A7), Gibberellin Mixes
4) By Ethylene: Ethephon, Ethylene Gas Solutions, Ethylene Releasing Compounds
5) By Other Types: Abscisic Acid (ABA), Jasmonic Acid, Brassinosteroids, Salicylic Acid
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How is the plant growth regulators market defined?
Plant growth regulators refer to chemical substances that completely regulate all aspects of a plant’s growth and development, such as increasing branching, reducing shoot growth, increasing return bloom, getting rid of extra fruit, or changing the maturity of the fruit.
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