Latest research study from Market Research Future with title “North America Plant Growth Regulators Market” by Top Regions, Type and Application. The Research report presents a complete overview of the market and contains Future trend, Current Growth Factors, Historical data. - Forecast till 2023.
Plant Growth Regulators Market – Overview
The Plant Growth Regulators are chemical compounds, other than nutrients, that help in modifying plant physiological processes. The North America plant growth regulators market sector is required to develop by virtue of expanded use in modifying plant physiological procedures, for example, inhibiting or stimulating enzyme systems and regulating the plant metabolism.
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Increasing demand for regulating cotton metabolism is relied upon to have the positive effect on plant growth regulators market growth in next six years. Moreover on this, looking at farmers’ side, the profitability concern has force them to utilize plant growth regulators.
The use of plant growth regulators resulted in increasing the productivity of crops, fruits and vegetables. The driving factor which helps the plant regulator market to grow is that it will not be hazardous to an individual health if these are used in the agricultural process. Though, using plant growth regulators improves the productivity of crop and helps to prevent it from diseases
Plant Growth Regulators Market - Scenario
Plant growth regulators are chemical compounds that help in modifying physiological processes of plants. These growth regulators profoundly influence the growth and differentiation of plant cells, tissues, and organs. With the increasing growth of the agriculture industry, the demand for plant growth regulators has also been escalating.
Despite these drivers, there are some issues associated with the North American plant growth regulators market. Misuse of technology, stringent regulations pertaining to pesticides, and risk associated with products, may hamper the market growth.
It is estimated that the North American plant growth regulators market is expected to grow at a CAGR of 7.0% during the forecast period of 2017 to 2023.
Plant Growth Regulators Market - Key Players
Some of the key the players in the North American plant growth regulators market are ADAMA (Israel), Arysta LifeScience (France), BASF (Germany), Bayer CropScience (Germany), Dow Chemical (US), Nippon Soda (Japan), Nufarm (Australia), Sumitomo Chemical (Japan), Syngenta (Switzerland), FMC Corporation (US), Tata Chemicals (India), Valent Biosciences (US), WinField Solutions (US), Xinyi Industrial (China), and others.
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Plant Growth Regulators Market - Intended Audience
Pharmaceutical Companies
Research and Development (R&D) Companies
Diagnostic Laboratories
Government Research Institute
Academic Institutes and Universities
Plant Growth Regulators Market - Segmentation
The North America plant growth regulators market is segmented on the basis of origin, crop type, type of plant growth regulator, formulation, and function.
On the basis of origin, the market is segmented into biological and synthetic
On the basis of formulation, the market is classified as water-dispersible and water-soluble granules, solutions, and wettable powders.
On the basis of function, the market is segmented into plant growth promoters and plant growth inhibitors.
Plant Growth Regulators Market - Regional Analysis
On a regional basis, the North American plant growth regulators market is segmented into two major regions, namely, the U.S. and Canada. The U.S. holds a major share of the North American plant growth regulators market owing to the well-established healthcare system, increasing agriculture expenditure, and favoring funding and reimbursement policies. According to the statistics suggested by the United States Department of Agriculture, the farm production expenditures in the United States was USD 346.9 billion in 2016. It is also reported that the United States total farm expenditure average per farm was USD 169,035.
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