The
study states that the global demand for plant growth regulators is
growing at a CAGR of 8.5% from 2013-2019 and is expected to reach
US$5,936.2 million by 2019. In 2012, the market stood at US$3,360.0
million.
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Plant Growth Regulators Market Report with Full TOC at
http://www.transparencymarketresearch.com/plant-growth-regulators.html
The
aim of this study is to provide an unambiguous evaluation of the
global plant growth regulators market and provide detailed analysis
and forecast of the overall market on a global as well as regional
level.
The
plant growth regulators market is all about chemicals that help in
growing, nurturing, and shaping plants in complex ways. Certain plant
growth regulators occur naturally, while a few such as auxins,
cytokinins, and mepiquat chloride are man-made synthetic growth
regulators that are used in specific pharmaceutical and agriculture
applications.
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The
demand for cytokinins has been on the rise due to their capacity to
protect the carbon and nitrogen assimilation process in plants during
stress. They also help enhance the capacity of plants to endure water
deficiency. In 2012, cytokinins accounted for more than 40% of the
global demand and were the majorly consumed plant growth regulators
across the global platform.
Moreover,
the auxins market segment is also expected to drive growth into this
market due to the rising demand for medicinal plants within the
herbal medicine industry. Europe observed a high demand for plant
growth regulators in 2012 due to tremendous requirement in the
organic farming industry. This industry uses certain plant hormones
such as cytokinins, gibberellins, and auxins for various techniques
of farming. Plant hormones such as gibberellins and mepiquat chloride
are widely used in seed germination in cotton plants. The market for
these two segments is expected to follow a similar growth trend in
the coming years in accordance with a rise in the textile industry.
Browse
Press ReleasePlant Growth Regulators Market
http://www.transparencymarketresearch.com/pressrelease/plant-growth-regulators.htm
The
future of the plant growth regulators market is bright due to an
increasing demand for organic food. This segment is expected to fuel
growth of the growth regulators market over the forecast period
2013-2019. Also, the growing demand for profitability coupled with
increasing globalization has posed conspicuous growth opportunities
for companies focusing towards less threatening crop protection
products and developing innovative products such as plant growth
regulators.
Growing
at a CAGR of 9.2% from 2013-2019, Asia-Pacific is expected to witness
the fastest growth in the next four years. Significant emerging
economies in the Asia-Pacific such as China and India are anticipated
to be the dominant market players until 2019. High growth in these
regions will be due to the large demand for plant hormones in cotton
production that is eventually used in textile industry.
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