Global Plant Growth Regulators Market Anticipated to Garner $7,393.50 Million, Growing at a 13.9% CAGR in the 2022-2031 Timeframe [250-Pages] | Interpreted by Research Dive

As per the report published by Research Dive, the global plant growth regulators market is expected to register a revenue of $7,393.50 million by 2031 at a CAGR of 13.9% during the forecast period 2022-2031.

Segments of the Plant Growth Regulators Market

The report has divided the plant growth regulators market into the following segments:

Access to the Complete PDF Sample of the Global Plant Growth Regulators Market

The rise of organic farming and the development of indoor agriculture facilities such as glasshouses and greenhouses are predicted to propel the market in the forecast period.

Dynamics of the Global Plant Growth Regulators Market

The increasing food demand, decreasing amount of arable land, and shifting climatic conditions are expected to make the plant growth regulators market a highly profitable one in the forecast period. Additionally, the demand for higher-quality crops and higher crop yields are predicted to propel the market forward. However, a lack of knowledge among farmers about plant growth regulators might become a restraint in the growth of the market.

Increasing efforts to improve the sustainability of agriculture are predicted to offer numerous growth opportunities to the market in the forecast period. Moreover, plant growth regulators' capacity to decrease lodging in intensive cereal production, manage shoot heights, and enhance latex flow in rubber plants are expected to propel the plant growth regulators market forward in the coming period.

COVID-19 Impact on the Global Plant Growth Regulators Market

The COVID-19 pandemic caused economic losses and reduced demand for plant growth regulators due to disruptions in the supply chain and manufacturing. Agricultural activities and associated industries were significantly impacted, but plant growth regulators were relatively unaffected as agrochemical activities were deemed essential. However, companies have been working with lower operating capacities and employees to meet COVID-19 protocols, resulting in a decrease in production. All these factors adversely affected the market growth amidst the pandemic.

Speak with an Analyst or Schedule a call to get more Industry Insights on the Global Plant Growth Regulators Market

Key Players of the Global Plant Growth Regulators Market

The major players of the market include

These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain the market growth.

For instance, in March 2023, Sumitomo Chemical India Ltd., an Indian corporation that primarily manufactures and sells agricultural pesticides and others, launched Promalin®, a long-awaited Biorational product, in Shimla, Himachal Pradesh. Promalin® is a 9 (3) product developed by Valent Biosciences, Illinois, USA, a part of Sumitomo Chemical Corporation, Japan, after considerable research.

Granular Research on Specific Regions or Segments of Global Plant Growth Regulators Market & Avail 10%OFF

What the Report Covers

Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter's five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)

More about Global Plant Growth Regulators Market:

Some Trending Article Links:

About Research Dive

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

Contact:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
+1-(917)-444-1262 (US)
Toll Free: 1-888-961-4454
E-mail: [email protected] 
Website: https://www.researchdive.com
Blog: https://www.researchdive.com/blog/
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521

Logo : https://mma.prnewswire.com/media/997523/Research_Dive_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/global-plant-growth-regulators-market-anticipated-to-garner-7-393-50-million-growing-at-a-13-9-cagr-in-the-2022-2031-timeframe-250-pages--interpreted-by-research-dive-301822033.html