The Plant Growth Regulators Market size was valued at USD 3.1 billion in 2022. It is estimated to hit USD 5.57 billion by 2030 and grow at a CAGR of 7.6% over the forecast period of 2023-2030.
Plant growth regulators, also known as plant hormones or phytohormones, are naturally occurring or synthetic substances that regulate various physiological processes in plants. These regulators can influence plant growth, flowering, fruiting, and even stress responses. They are widely used in agriculture, horticulture, and landscaping to manipulate plant growth and achieve desired outcomes.
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The demand for plant growth regulators is driven by the increasing need for organic farming practices and the growing global population. With limited arable land and resources, farmers are constantly seeking ways to maximize crop production while minimizing environmental impact. Plant growth regulators offer a viable solution by promoting efficient nutrient uptake, enhancing root development, and improving resistance to pests and diseases. In terms of application, the plant growth regulators market caters to various sectors such as agriculture, horticulture, and landscaping. In agriculture, these regulators are used to increase crop yield, improve crop quality, and enhance stress tolerance. In horticulture, they are employed to control plant height, promote flowering, and regulate fruit ripening. In landscaping, plant growth regulators help maintain the desired shape and size of ornamental plants.
Cytokinin dominated the plant growth regulator market with a revenue share of about 40.2% in 2022. One key factor contributing to cytokinin's dominance is its versatility. This plant growth regulator can be applied to a wide range of crops, including fruits, vegetables, and grains, making it a valuable tool for farmers and horticulturists alike. Its effectiveness in promoting flowering and fruit set has been particularly noteworthy, leading to increased yields and improved quality of produce. Furthermore, cytokinin's compatibility with other plant growth regulators and agrochemicals has further solidified its position in the market. This compatibility allows for synergistic effects, enabling farmers to optimize their crop management strategies and achieve even better results. The ability to combine cytokinin with other growth regulators, such as auxins or gibberellins, offers a comprehensive approach to plant growth regulation, addressing multiple aspects simultaneously.
Drivers
Rising global population and the subsequent need for food security
Growing awareness among farmers about the benefits of plant growth regulators
Increasing demand for high-quality crops
The increasing demand for high-quality crops serves as the primary driving factor behind the utilization of plant growth regulators. In recent years, there has been a significant surge in the global demand for crops that meet stringent quality standards. Consumers are increasingly seeking produce that is not only visually appealing but also possesses enhanced nutritional value. As a result, farmers and agricultural professionals are faced with the challenge of meeting these evolving expectations. These regulators are substances that are naturally present in plants, controlling various physiological processes such as growth, development, and response to environmental stimuli. By understanding and manipulating these regulators, farmers can optimize crop production and enhance the quality of their yields. The application of plant growth regulators allows farmers to achieve desirable traits in their crops, such as increased yield, improved uniformity, enhanced color, and extended shelf life. For instance, by carefully managing the levels of auxins, a type of plant hormone, farmers can promote root development, leading to stronger and healthier plants. Similarly, the controlled use of gibberellins can stimulate cell elongation, resulting in taller and more robust crops.
Restrain
High cost associated with plant growth regulators
Extended period of time required to approve new products
One of the key challenges faced by the growth regulator industry is the lengthy approval process for new products. This process involves rigorous testing, evaluation, and compliance with various regulations and standards. As a result, the time taken to gain approval for a new growth regulator can be significantly prolonged. This delay in approval can hinder the growth and development of the plant industry. Farmers and growers eagerly await the introduction of innovative growth regulators that can enhance crop yield, improve quality, and combat pests and diseases. However, the extended approval period prevents them from accessing these beneficial products in a timely manner.
Opportunities
Increasing adoption of precision agriculture techniques
Expanding organic farming sector and the rising trend of sustainable agriculture
Challenges
Stringent regulations imposed by various governments regarding the use of these regulators
Presence of low-quality and counterfeit products in the market
The Russia-Ukraine war has disrupted the supply chains of plant growth regulators, leading to a shortage in the market. Both countries play a crucial role in the production and distribution of these products, and the conflict has hindered their ability to meet demand. As a result, prices have increased, and consumers are facing difficulties in accessing these essential agricultural inputs. The conflict has also negatively impacted agricultural productivity in the region. The ongoing conflict has inflicted severe devastation upon Ukrainian agriculture, particularly in the eastern regions that have borne the brunt of the fighting. A staggering $6.5 billion worth of agricultural infrastructure has been reduced to ruins, leaving farmers grappling with the ruins of their once-thriving operations. Moreover, the war has dealt a crippling blow to the capacity of Ukrainian farmers to cultivate and transport their crops. The incessant violence and disruption have severely hampered their ability to sow and harvest, resulting in diminished yields and a significant decline in agricultural output.
The repercussions of this conflict extend far beyond the immediate destruction, as it has imposed an additional burden of $36 billion on the agricultural sector. These costs manifest in the form of lost production and logistics expenses, which have increased due to the continuing agricultural exports amidst the chaos of war. With the disruption of supply chains, farmers are struggling to obtain the necessary plant growth regulators to enhance crop yields. This has resulted in decreased agricultural output, affecting both local and international markets. The scarcity of these regulators has also led to a decline in the quality of crops, further exacerbating the situation.
The recession has presented significant challenges for the PGR industry. Reduced consumer spending, declining agricultural investments, and disrupted supply chains have all contributed to a decline in market growth. Farmers, facing financial constraints, have been compelled to reduce their expenditure on PGR products, impacting the overall demand. Additionally, the uncertainty surrounding the recession has led to a cautious approach among industry players, resulting in delayed product launches and reduced research and development activities.
By Type
Cytokinin
Gibberellins
Auxins
Ethylene
Others
By Crop Type
Cereals & Grains
Fruits & Vegetables
Oilseeds & Pulses
Turf & Ornamentals
Others
By Formulation
Water-Dispersible & Water-Soluble Granules
Solutions
Wettable Powders
By Function
Plant Growth Promoters
Plant Growth Inhibitors
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Asia Pacific region dominated the Plant Growth Regulators Market in 2022 and it is projected to grow with a CAGR of about 7.9% during the forecast period. This growth is mainly attributed to the presence of vast agricultural land, with countries like China, India, and Japan leading the way in agricultural production. According to the Food and Agriculture Organization (FAO), Asia holds the largest portion of agricultural land worldwide, encompassing 1.6 global hectares (gha) or 34%. Among Asian nations, China boasts the largest agricultural land extent, covering approximately 500 million hectares (Mha). Meanwhile, India takes the lead in terms of cropland area, with nearly 170 Mha under cultivation. Notably, both India and China stand out as the countries with the largest irrigated cropland area, each boasting around 70 Mha. These nations have recognized the importance of plant growth regulators in enhancing crop yield and quality, leading to a surge in their adoption. Furthermore, the Asia Pacific region has witnessed rapid industrialization and urbanization, resulting in a growing demand for food products. To meet this demand, farmers and agriculturalists have turned to plant growth regulators as a means to optimize crop production and ensure a steady supply of food. This increased awareness and adoption of plant growth regulators have propelled the region to the forefront of the market.
The United States in North America is expected to grow with a significant CAGR in the Plant Growth Regulators Market during the forecast period of 2023-2030. The US government has implemented policies that encourage innovation and investment in the agricultural industry, fostering the development and adoption of plant growth regulators. Furthermore, the United States is home to several major players in the plant growth regulators industry. These companies have made substantial investments in research and development, allowing them to introduce cutting-edge products and technologies to the market. The US's strong intellectual property rights protection and well-established distribution networks have also contributed to its dominance in this sector. Another crucial aspect contributing to the US's success is its focus on sustainable agriculture practices. The country has been at the forefront of promoting environmentally friendly farming methods, including the use of plant growth regulators. These regulators enable farmers to reduce their reliance on harmful chemical inputs, minimize environmental impact, and optimize resource utilization.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are Bayer AG, BASF SE, DuPont, DSM, Nestle, Biosynth Carbosynth, Syngenta AG, Nufarm Ltd., Corteva, Inc., UPL Limited, Tata Chemicals Ltd., Sumitomo Chemical Co. Ltd., FMC Corporation, Sichuan Guoguang Agrochemical Co., Ltd, Dextra Laboratories, and other key players mentioned in the final report.
In March 2023, Nufarm Americas Inc. made an exciting announcement regarding the EPA registration of Anuew™ EZ Plant Growth Regulator. This innovative liquid formulation of their proven PGR offers golf course superintendents greater flexibility and ease of use, while also providing the benefits of labor savings and improved turf quality.
In March 2023, Corteva Agriscience revealed that their gene editing technology, designed to enhance the protection of elite corn hybrids, is progressing through their R&D pipeline.
In May 2022, BASF shared news of their acquisition of Horta Srl, an Italian company specializing in digital solutions for agriculture.
In May 2022, Nufarm Americas Inc. celebrated the completion of their new Pentia production facility. This facility, which came to fruition after the acquisition of Pentia Plant Regulator from BASF in 2021, is now fully operational and producing the cotton growth regulator for the current season and beyond.
In Feb 2022, FMC Corporation introduced Focus® SC, a groundbreaking plant growth regulator. This product is specifically designed to promote fruit elongation and size in grapes and other fruits.
In Jan 2020, BASF unveiled Attraxor®, a new plant growth regulator (PGR), at BTME in Harrogate.
| Report Attributes | Details |
| Market Size in 2022 | US$ 3.1 Bn |
| Market Size by 2030 | US$ 5.57 Bn |
| CAGR | CAGR of 7.6 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Cytokinin, Gibberellins, Auxins, Ethylene, and Others) • By Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, Turf & Ornamentals, and Others) • By Formulation (Water-Dispersible & Water-Soluble Granules, Solutions, and Wettable Powders) • By Function (Plant Growth Promoters and Plant Growth Inhibitors) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Bayer AG, BASF SE, DuPont, DSM, Nestle, Biosynth Carbosynth, Syngenta AG, Nufarm Ltd., Corteva, Inc., UPL Limited, Tata Chemicals Ltd., Sumitomo Chemical Co. Ltd., FMC Corporation, Sichuan Guoguang Agrochemical Co., Ltd, Dextra Laboratories |
| Key Drivers | • Rising global population and the subsequent need for food security • Growing awareness among farmers about the benefits of plant growth regulators • Increasing demand for high-quality crops |
| Market Challenges | • Stringent regulations imposed by various governments regarding the use of these regulators • Presence of low-quality and counterfeit products in the market |
Ans: The Plant Growth Regulators Market was valued at USD 3.1 billion in 2022.
Ans: The expected CAGR of the global Plant Growth Regulators Market during the forecast period is 7.6%.
Ans: India is the fastest-growing country in the Plant Growth Regulators Market.
Ans: The cereals and grains crop type segment is expected to grow with the highest CAGR during the forecast period.
Ans: Yes, you can ask for the customization as pas per your business requirement.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia- Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Plant Growth Regulators Market Segmentation, By Type
8.1 Cytokinin
8.2 Gibberellins
8.3 Auxins
8.4 Ethylene
8.5 Others
9. Plant Growth Regulators Market Segmentation, By Crop Type
9.1 Cereals & Grains
9.2 Fruits & Vegetables
9.3 Oilseeds & Pulses
9.4 Turf & Ornamentals
9.5 Others
10. Plant Growth Regulators Market Segmentation, By Formulation
10.1 Water-Dispersible & Water-Soluble Granules
10.2 Solutions
10.3 Wettable Powders
11. Plant Growth Regulators Market Segmentation, By Function
11.1 Plant Growth Promoters
11.2 Plant Growth Inhibitors
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Plant Growth Regulators Market By Country
12.2.2 North America Plant Growth Regulators Market By Type
12.2.3 North America Plant Growth Regulators Market By Crop Type
12.2.4 North America Plant Growth Regulators Market By Formulation
12.2.5 North America Plant Growth Regulators Market By Function
12.2.6 USA
12.2.6.1 USA Plant Growth Regulators Market By Type
12.2.6.2 USA Plant Growth Regulators Market By Crop Type
12.2.6.3 USA Plant Growth Regulators Market By Formulation
12.2.6.4 USA Plant Growth Regulators Market By Function
12.2.7 Canada
12.2.7.1 Canada Plant Growth Regulators Market By Type
12.2.7.2 Canada Plant Growth Regulators Market By Crop Type
12.2.7.3 Canada Plant Growth Regulators Market By Formulation
12.2.7.4 Canada Plant Growth Regulators Market By Function
12.2.8 Mexico
12.2.8.1 Mexico Plant Growth Regulators Market By Type
12.2.8.2 Mexico Plant Growth Regulators Market By Crop Type
12.2.8.3 Mexico Plant Growth Regulators Market By Formulation
12.2.8.4 Mexico Plant Growth Regulators Market By Function
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Plant Growth Regulators Market By Country
12.3.1.2 Eastern Europe Plant Growth Regulators Market By Type
12.3.1.3 Eastern Europe Plant Growth Regulators Market By Crop Type
12.3.1.4 Eastern Europe Plant Growth Regulators Market By Formulation
12.3.1.5 Eastern Europe Plant Growth Regulators Market By Function
12.3.1.6 Poland
12.3.1.6.1 Poland Plant Growth Regulators Market By Type
12.3.1.6.2 Poland Plant Growth Regulators Market By Crop Type
12.3.1.6.3 Poland Plant Growth Regulators Market By Formulation
12.3.1.6.4 Poland Plant Growth Regulators Market By Function
12.3.1.7 Romania
12.3.1.7.1 Romania Plant Growth Regulators Market By Type
12.3.1.7.2 Romania Plant Growth Regulators Market By Crop Type
12.3.1.7.3 Romania Plant Growth Regulators Market By Formulation
12.3.1.7.4 Romania Plant Growth Regulators Market By Function
12.3.1.8 Hungary
12.3.1.8.1 Hungary Plant Growth Regulators Market By Type
12.3.1.8.2 Hungary Plant Growth Regulators Market By Crop Type
12.3.1.8.3 Hungary Plant Growth Regulators Market By Formulation
12.3.1.8.4 Hungary Plant Growth Regulators Market By Function
12.3.1.9 Turkey
12.3.1.9.1 Turkey Plant Growth Regulators Market By Type
12.3.1.9.2 Turkey Plant Growth Regulators Market By Crop Type
12.3.1.9.3 Turkey Plant Growth Regulators Market By Formulation
12.3.1.9.4 Turkey Plant Growth Regulators Market By Function
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Plant Growth Regulators Market By Type
12.3.1.10.2 Rest of Eastern Europe Plant Growth Regulators Market By Crop Type
12.3.1.10.3 Rest of Eastern Europe Plant Growth Regulators Market By Formulation
12.3.1.10.4 Rest of Eastern Europe Plant Growth Regulators Market By Function
12.3.2 Western Europe
12.3.2.1 Western Europe Plant Growth Regulators Market By Country
12.3.2.2 Western Europe Plant Growth Regulators Market By Type
12.3.2.3 Western Europe Plant Growth Regulators Market By Crop Type
12.3.2.4 Western Europe Plant Growth Regulators Market By Formulation
12.3.2.5 Western Europe Plant Growth Regulators Market By Function
12.3.2.6 Germany
12.3.2.6.1 Germany Plant Growth Regulators Market By Type
12.3.2.6.2 Germany Plant Growth Regulators Market By Crop Type
12.3.2.6.3 Germany Plant Growth Regulators Market By Formulation
12.3.2.6.4 Germany Plant Growth Regulators Market By Function
12.3.2.7 France
12.3.2.7.1 France Plant Growth Regulators Market By Type
12.3.2.7.2 France Plant Growth Regulators Market By Crop Type
12.3.2.7.3 France Plant Growth Regulators Market By Formulation
12.3.2.7.4 France Plant Growth Regulators Market By Function
12.3.2.8 UK
12.3.2.8.1 UK Plant Growth Regulators Market By Type
12.3.2.8.2 UK Plant Growth Regulators Market By Crop Type
12.3.2.8.3 UK Plant Growth Regulators Market By Formulation
12.3.2.8.4 UK Plant Growth Regulators Market By Function
12.3.2.9 Italy
12.3.2.9.1 Italy Plant Growth Regulators Market By Type
12.3.2.9.2 Italy Plant Growth Regulators Market By Crop Type
12.3.2.9.3 Italy Plant Growth Regulators Market By Formulation
12.3.2.9.4 Italy Plant Growth Regulators Market By Function
12.3.2.10 Spain
12.3.2.10.1 Spain Plant Growth Regulators Market By Type
12.3.2.10.2 Spain Plant Growth Regulators Market By Crop Type
12.3.2.10.3 Spain Plant Growth Regulators Market By Formulation
12.3.2.10.4 Spain Plant Growth Regulators Market By Function
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Plant Growth Regulators Market By Type
12.3.2.11.2 Netherlands Plant Growth Regulators Market By Crop Type
12.3.2.11.3 Netherlands Plant Growth Regulators Market By Formulation
12.3.2.11.4 Netherlands Plant Growth Regulators Market By Function
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Plant Growth Regulators Market By Type
12.3.2.12.2 Switzerland Plant Growth Regulators Market By Crop Type
12.3.2.12.3 Switzerland Plant Growth Regulators Market By Formulation
12.3.2.12.4 Switzerland Plant Growth Regulators Market By Function
12.3.2.13 Austria
12.3.2.13.1 Austria Plant Growth Regulators Market By Type
12.3.2.13.2 Austria Plant Growth Regulators Market By Crop Type
12.3.2.13.3 Austria Plant Growth Regulators Market By Formulation
12.3.2.13.4 Austria Plant Growth Regulators Market By Function
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Plant Growth Regulators Market By Type
12.3.2.14.2 Rest of Western Europe Plant Growth Regulators Market By Crop Type
12.3.2.14.3 Rest of Western Europe Plant Growth Regulators Market By Formulation
12.3.2.14.4 Rest of Western Europe Plant Growth Regulators Market By Function
12.4 Asia-Pacific
12.4.1 Asia Pacific Plant Growth Regulators Market By Country
12.4.2 Asia Pacific Plant Growth Regulators Market By Type
12.4.3 Asia Pacific Plant Growth Regulators Market By Crop Type
12.4.4 Asia Pacific Plant Growth Regulators Market By Formulation
12.4.5 Asia Pacific Plant Growth Regulators Market By Function
12.4.6 China
12.4.6.1 China Plant Growth Regulators Market By Type
12.4.6.2 China Plant Growth Regulators Market By Crop Type
12.4.6.3 China Plant Growth Regulators Market By Formulation
12.4.6.4 China Plant Growth Regulators Market By Function
12.4.7 India
12.4.7.1 India Plant Growth Regulators Market By Type
12.4.7.2 India Plant Growth Regulators Market By Crop Type
12.4.7.3 India Plant Growth Regulators Market By Formulation
12.4.7.4 India Plant Growth Regulators Market By Function
12.4.8 Japan
12.4.8.1 Japan Plant Growth Regulators Market By Type
12.4.8.2 Japan Plant Growth Regulators Market By Crop Type
12.4.8.3 Japan Plant Growth Regulators Market By Formulation
12.4.8.4 Japan Plant Growth Regulators Market By Function
12.4.9 South Korea
12.4.9.1 South Korea Plant Growth Regulators Market By Type
12.4.9.2 South Korea Plant Growth Regulators Market By Crop Type
12.4.9.3 South Korea Plant Growth Regulators Market By Formulation
12.4.9.4 South Korea Plant Growth Regulators Market By Function
12.4.10 Vietnam
12.4.10.1 Vietnam Plant Growth Regulators Market By Type
12.4.10.2 Vietnam Plant Growth Regulators Market By Crop Type
12.4.10.3 Vietnam Plant Growth Regulators Market By Formulation
12.4.10.4 Vietnam Plant Growth Regulators Market By Function
12.4.11 Singapore
12.4.11.1 Singapore Plant Growth Regulators Market By Type
12.4.11.2 Singapore Plant Growth Regulators Market By Crop Type
12.4.11.3 Singapore Plant Growth Regulators Market By Formulation
12.4.11.4 Singapore Plant Growth Regulators Market By Function
12.4.12 Australia
12.4.12.1 Australia Plant Growth Regulators Market By Type
12.4.12.2 Australia Plant Growth Regulators Market By Crop Type
12.4.12.3 Australia Plant Growth Regulators Market By Formulation
12.4.12.4 Australia Plant Growth Regulators Market By Function
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Plant Growth Regulators Market By Type
12.4.13.2 Rest of Asia-Pacific Plant Growth Regulators Market By Crop Type
12.4.13.3 Rest of Asia-Pacific Plant Growth Regulators Market By Formulation
12.4.13.4 Rest of Asia-Pacific Plant Growth Regulators Market By Function
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Plant Growth Regulators Market By Country
12.5.1.2 Middle East Plant Growth Regulators Market By Type
12.5.1.3 Middle East Plant Growth Regulators Market By Crop Type
12.5.1.4 Middle East Plant Growth Regulators Market By Formulation
12.5.1.5 Middle East Plant Growth Regulators Market By Function
12.5.1.6 UAE
12.5.1.6.1 UAE Plant Growth Regulators Market By Type
12.5.1.6.2 UAE Plant Growth Regulators Market By Crop Type
12.5.1.6.3 UAE Plant Growth Regulators Market By Formulation
12.5.1.6.4 UAE Plant Growth Regulators Market By Function
12.5.1.7 Egypt
12.5.1.7.1 Egypt Plant Growth Regulators Market By Type
12.5.1.7.2 Egypt Plant Growth Regulators Market By Crop Type
12.5.1.7.3 Egypt Plant Growth Regulators Market By Formulation
12.5.1.7.4 Egypt Plant Growth Regulators Market By Function
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Plant Growth Regulators Market By Type
12.5.1.8.2 Saudi Arabia Plant Growth Regulators Market By Crop Type
12.5.1.8.3 Saudi Arabia Plant Growth Regulators Market By Formulation
12.5.1.8.4 Saudi Arabia Plant Growth Regulators Market By Function
12.5.1.9 Qatar
12.5.1.9.1 Qatar Plant Growth Regulators Market By Type
12.5.1.9.2 Qatar Plant Growth Regulators Market By Crop Type
12.5.1.9.3 Qatar Plant Growth Regulators Market By Formulation
12.5.1.9.4 Qatar Plant Growth Regulators Market By Function
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Plant Growth Regulators Market By Type
12.5.1.10.2 Rest of Middle East Plant Growth Regulators Market By Crop Type
12.5.1.10.3 Rest of Middle East Plant Growth Regulators Market By Formulation
12.5.1.10.4 Rest of Middle East Plant Growth Regulators Market By Function
12.5.2. Africa
12.5.2.1 Africa Plant Growth Regulators Market By Country
12.5.2.2 Africa Plant Growth Regulators Market By Type
12.5.2.3 Africa Plant Growth Regulators Market By Crop Type
12.5.2.4 Africa Plant Growth Regulators Market By Formulation
12.5.2.5 Africa Plant Growth Regulators Market By Function
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Plant Growth Regulators Market By Type
12.5.2.6.2 Nigeria Plant Growth Regulators Market By Crop Type
12.5.2.6.3 Nigeria Plant Growth Regulators Market By Formulation
12.5.2.6.4 Nigeria Plant Growth Regulators Market By Function
12.5.2.7 South Africa
12.5.2.7.1 South Africa Plant Growth Regulators Market By Type
12.5.2.7.2 South Africa Plant Growth Regulators Market By Crop Type
12.5.2.7.3 South Africa Plant Growth Regulators Market By Formulation
12.5.2.7.4 South Africa Plant Growth Regulators Market By Function
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Plant Growth Regulators Market By Type
12.5.2.8.2 Rest of Africa Plant Growth Regulators Market By Crop Type
12.5.2.8.3 Rest of Africa Plant Growth Regulators Market By Formulation
12.5.2.8.4 Rest of Africa Plant Growth Regulators Market By Function
12.6. Latin America
12.6.1 Latin America Plant Growth Regulators Market By Country
12.6.2 Latin America Plant Growth Regulators Market By Type
12.6.3 Latin America Plant Growth Regulators Market By Crop Type
12.6.4 Latin America Plant Growth Regulators Market By Formulation
12.6.5 Latin America Plant Growth Regulators Market By Function
12.6.6 Brazil
12.6.6.1 Brazil Plant Growth Regulators Market By Type
12.6.6.2 Brazil Plant Growth Regulators Market By Crop Type
12.6.6.3 Brazil Plant Growth Regulators Market By Formulation
12.6.6.4 Brazil Plant Growth Regulators Market By Function
12.6.7 Argentina
12.6.7.1 Argentina Plant Growth Regulators Market By Type
12.6.7.2 Argentina Plant Growth Regulators Market By Crop Type
12.6.7.3 Argentina Plant Growth Regulators Market By Formulation
12.6.7.4 Argentina Plant Growth Regulators Market By Function
12.6.8 Colombia
12.6.8.1 Colombia Plant Growth Regulators Market By Type
12.6.8.2 Colombia Plant Growth Regulators Market By Crop Type
12.6.8.3 Colombia Plant Growth Regulators Market By Formulation
12.6.8.4 Colombia Plant Growth Regulators Market By Function
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Plant Growth Regulators Market By Type
12.6.9.2 Rest of Latin America Plant Growth Regulators Market By Crop Type
12.6.9.3 Rest of Latin America Plant Growth Regulators Market By Formulation
12.6.9.4 Rest of Latin America Plant Growth Regulators Market By Function
13 Company Profile
13.1 Bayer AG
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Product/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 BASF SE
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Product/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 DuPont
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Product/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 DSM
13.4.1 Company Overview
13.4.2 Financials
13.4.3 Product/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Nestle
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Product/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Biosynth Carbosynth
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Product/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Syngenta AG
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Product/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Nufarm Ltd.
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Product/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Corteva, Inc.
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 UPL Limited
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 Tata Chemicals Ltd.
13.11.1 Company Overview
13.11.2 Financials
13.11.3 Product/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View
13.12 Sumitomo Chemical Co. Ltd.
13.12.1 Company Overview
13.12.2 Financials
13.12.3 Product/ Services Offered
13.12.4 SWOT Analysis
13.12.5 The SNS View
13.13 FMC Corporation
13.13.1 Company Overview
13.13.2 Financials
13.13.3 Product/ Services Offered
13.13.4 SWOT Analysis
13.13.5 The SNS View
13.14 Sichuan Guoguang Agrochemical Co. Ltd.
13.14.1 Company Overview
13.14.2 Financials
13.14.3 Product/ Services Offered
13.14.4 SWOT Analysis
13.14.5 The SNS View
13.15 Dextra Laboratories
13.15.1 Company Overview
13.15.2 Financials
13.15.3 Product/ Services Offered
13.15.4 SWOT Analysis
13.15.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Bio-Based Leather Market Size was valued at USD 110 million in 2023. It is projected to reach USD 332.49 million by 2031 and grow at a CAGR of 14.8% over the forecast period 2024-2031.
Conformal Coatings Market size was valued at USD 950.5 million in 2022. It is expected to grow to USD 1480.99 million by 2030 and grow at a CAGR of 5.7% over the forecast period of 2023-2030.
The Medical Adhesive Tapes Market Size was valued at USD 16.85 billion in 2022, and is expected to reach USD 26.86 billion by 2030, and grow at a CAGR of 6.0% over the forecast period 2023-2030.
Cold Gas Spray Coating Market size was valued at USD 1.08 billion in 2022. It is expected to grow to USD 1.51 billion by 2030 and grow at a CAGR of 4.3% over the forecast period of 2023-2030.
The Liquid Crystal Polymers Market Size was valued at USD 1.41 billion in 2022, and expected to reach USD 2.70 billion by 2030, and grow at a CAGR of 8.5% over the forecast period 2023-2030.
The Thermal Insulation Material Market Size was valued at USD 57.31 billion in 2022 and is expected to reach USD 79.64 billion by 2030 and grow at a CAGR of 4.2 % over the forecast period 2023-2030.
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