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(MoneyNewsWire.Net, November 28, 2017 ) According to the report North America Plant Growth Regulators Market, published by Market Data Forecast, the market is projected to reach USD 1.64 billion by 2022, at a CAGR of 4.02% from 2017 to 2022.
Plant growth regulators industry are also known as plant hormones that are chemicals which regulate plant growth by influencing the plant cells and tissues. They are categorised into five types like cytokinins, gibberellins, auxins, ethylene and abscisic acid(ABA) which are prepared by the tissues of the plant. They perform some important activities such as cell division, growth and development of cells.
Get a comprehensive overview of the North America Plant Growth Regulators Market: http://www.marketdataforecast.com/market-reports/north-america-plant-growth-regulators-market-1328/
North America Plant Growth Regulators Market: Drivers & Restraints
Rise in demand for the food, enhanced crop productivity, increased population, new product innovations, growing yield by the usage of these chemicals, growing textile industry, technology advancements in the agriculture sector are driving the North America Plant Growth Regulators market.
However, lack of awareness among the farmers and competition from alternate chemical fertilizers are hindering the market growth.
Get accurate market forecast and analysis on the North America Plant Growth Regulators Market. Request a sample to stay up-to-date on the main trends affecting this market: http://www.marketdataforecast.com/market-reports/north-america-plant-growth-regulators-market-1328/request-sample
North America Plant Growth Regulators Market: Segmentation
By Type
• Cytokinins
• Auxins
• Gibberellins
• Others
By Crop Type
• Fruits & Vegetables
• Grains & Cereals
• Oil seeds
• Turf & Ornamental Grass
• Others
By Geography
• North America
o United States
o Canada
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at http://www.marketdataforecast.com/market-reports/north-america-plant-growth-regulators-market-1328/customize-report
North America Plant Growth Regulators Market: Overview
In type, Cytokinins is the largest segment in the plant growth regulators market leading to 40% of overall market share which is also growing at the highest growing rate due to the demand for cytokinins and growing capacity of plants in order to tolerate the water deficiency. In Crop type, Cereals & Oilseeds has the largest revenue followed by fruits & Vegetables in 2017.
The North America market is geographically segmented into US and Canada. The North America market is projected to have 34% of overall market due to the government reimbursements in the agriculture research, development of the organic farming industry along with cotton industry especially in the United States.
North America Plant Growth Regulators Market: Key Players
The key companies in the Plant growth regulators market in this region are Bayer Crop Science, FMC Corporation, BASF SE, Tata Chemicals Limited, Xinyi Industrial Co Ltd and DuPont.
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