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(EuropeNewsWire.Net, June 15, 2017 ) According to the report “Global Plant Growth Regulators", published by Market Data Forecast, the global market is projected to reach USD 6.40 billion by 2021, at a CAGR of 4.26% from 2016 to 2021.
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Plant Growth Regulators are chemical substances, other than nutrients, that alter plant physiological development, which are capable of enhancing the physiological response of the plants and capable of translocation to the low concentrations part of the plant. Plant growth regulators control growth of plants and improve reactions to stimuli. Ethylene is one of the plant growth regulators utilized for enhancing flower production.
Plant Growth Regulators Market helps in increasing the availability and supply of the primary nutrients to the plants, therefore promoting and modifying the growth & development of the plants such as elongation of stems, formation of flowers & leaves and their fruits.
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They are not harmful to human health and are extensively utilized to meet the necessity of the food supply. Demand for the plant growth regulators market was considerably high in Europe in 2015, due to the big scale organic farming industry where specific plant hormones such as Cytokinins, Auxins, and Gibberellins are utilized in several methods of farming.
The factors affecting the Global Market for Plant Growth Regulators, either positively or negatively are presented in the DROC analysis. Some of the things discussed in the section are growing textile market, rising demand for cotton, and increasing prevalence of organic farming. Cutting-edge practices in organic farming and increasing predilection towards eco-friendly methods of farming are anticipated to create a lot of prospects for the plant growth regulators market. However, growing utilization of agro chemicals by the farmers is the major restraining factor for the market.
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For granular level understanding the Plant Growth Regulators Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segment.
By Crop Type:
• Fruits & Vegetables
• Grains & Cereals
• Oil seeds
• Turf & Ornamental Grass
On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. The demand for plant growth regulators has also been extremely prevalent in North America owing to the swiftly developing organic farming industry combined with the massive cotton industry; especially in the United States.
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Developing countries such as India and China are also projected to witness significant growth in this market due to the large scale cotton industries present in this region. For more of regional analysis check out the following reports.
• North America Plant Growth Regulators Market
• Europe Plant Growth Regulators Market
• Asia-Pacific Plant Growth Regulators Market
• Latin America Plant Growth Regulators Market
• Middle East and Africa Plant Growth Regulators Market
The main policies implemented by the companies to increase their market share in the plant growth regulators market are new products, and mergers & acquisitions. The strategy of efficient and strong yielding products would lead to improved user gratification. The major companies dominating the global Plant Growth Regulators market are BASF SE, Bayer Crop Science, DuPont, FMC Corporation, Tata Chemicals Limited, and Xinyi Industrial Co Ltd
The Global Plant Growth Regulators Market study offers the following deliverables:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming
• Segment-level analysis on basis of type, application, end-user along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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