The Plant Growth Regulators Market is expected to reach $5.41 billion by 2031, at a CAGR of 9% from 2024 to 2031, while in terms of volume, the market is expected to reach 126,145.1 tons by 2031, at a CAGR of 6.6% from 2024 to 2031. The growth of the plant growth regulators market is driven by the increasing need for sustainable agricultural practices, growth in organic farming & the rising demand for organic food, increased investments from leading market players, and the rising demand for high-value crops. However, the regulatory and financial hurdles for new market entrants and farmers’ limited awareness about plant growth regulators are restraining the growth of this market.
Moreover, emerging countries with agricultural diversity and extensive arable lands are expected to offer growth opportunities for the players operating in this market. On the other hand, lengthy product registration and approval procedures are a major challenge impacting market growth.
🌐 Top 10 Companies Leading the Charge: https://meticulousblog.org/top-10-companies-in-plant-growth-regulators-market/
Here are the top 10 companies spearheading innovation and growth in this dynamic sector:
1. Syngenta AG (Switzerland): Established in 2000, Syngenta AG stands as a pioneer in agricultural science and technology. With a robust presence in over 100 countries, Syngenta's Crop Protection and Seeds segments offer a diverse portfolio, serving high-value commercial sectors worldwide.
2.Bayer AG (Germany): With roots dating back to 1863, Bayer AG remains at the forefront of crop protection and biotechnology research. Its Crop Science segment delivers cutting-edge solutions across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
3. BASF SE (Germany): Founded in 1865, BASF SE is a global leader in chemical manufacturing. Operating through six business segments, BASF's Agricultural Solutions division provides innovative plant growth regulators to enhance agricultural productivity worldwide.
4. Corteva, Inc. (U.S.): Formed in 2019, Corteva, Inc. emerged as an independent leader in seeds, crop protection products, and digital solutions. Its extensive distribution network spans over 140 countries, reinforcing its commitment to global agricultural sustainability.
5. Sumitomo Chemical Co., Ltd. (Japan): With a legacy dating back to 1913, Sumitomo Chemical is renowned for its diverse chemical offerings. Its Health & Crop Sciences segment pioneers plant growth regulators, contributing to agricultural advancement worldwide.
6. FMC Corporation (U.S.): Since 1883, FMC Corporation has been a key player in agricultural crop protection. Operating in over 50 countries, FMC's comprehensive portfolio addresses the needs of farmers across diverse agricultural landscapes.
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7. UPL Limited (India): Established in 1969, UPL Limited is a global leader in agrochemicals and specialty chemicals. With a presence in 138 countries, UPL's Crop Protection segment delivers innovative solutions to farmers worldwide.
8. Nufarm Limited (Australia): Founded in 1916, Nufarm Limited is a prominent player in crop protection solutions. Its extensive product range addresses the diverse needs of farmers, ensuring crop health and productivity across the globe.
9. Tata Chemicals Ltd. (India): Established in 1939, Tata Chemicals Ltd. is a leading manufacturer of chemical products. Its Specialty Products segment offers innovative plant growth regulators, contributing to sustainable agriculture practices globally.
10. Fine Americas Inc. (U.S.): Fine Americas Inc., founded in 1983, is a recognized authority in agrochemical products. With a focus on plant growth regulators, Fine Americas Inc. serves agricultural, greenhouse ornamental, and landscape markets across North America, Europe, and Latin America.
Popular Mention: Nippon Soda Co., Ltd. (Japan), Barclay Chemicals Manufacturing Limited (Ireland), Hangzhou Tianlong Biotechnology Co., Ltd. (China), Sichuan Guoguang Agrochemical Co., Ltd. (China), and Sikko Industries Limited (India).
These companies exemplify excellence and innovation in the plant growth regulators market, driving sustainable agricultural practices worldwide.
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