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(MoneyNewsWire.Net, July 21, 2017 ) Market Data Forecast recently published a report on the “North America Plant Growth Regulators" which estimates the market is expected to be growing at a CAGR of 4.02% to reach $1.58 billion by 2021 from $1.30 billion in 2016 during the forecast period from 2016 to 2021.
Plant Growth Regulators Market also known as plant exogenous hormones, are synthetic substances that are similar to natural plant hormones. They are used to regulate the growth of plants and are important measures to ensure agricultural production. Plant growth regulators will not be hazardous to human health if they are used in accordance with good agricultural practice. However, if they are misused, crops will grow excessively fast, resulting in ripening on the fruit surface with the core remaining raw, which will adversely affect the palatability and quality of fruits.
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In order to have optimum plant growth and production, it is essential that all the essential major nutrients (nitrogen, phosphorus, potassium, calcium, magnesium and sulphur) and micro nutrients (iron, manganese, zinc, copper, molybdenum, cobalt and chlorine) are available to the plants in required quantity. The availability of plant nutrients depends on the type of soil and also biotic and abiotic stresses. In addition different enzymes like Gibbrellins, Cytokinins, Oxyzines also contribute to plant growth and yield.
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The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. The growth of the North America Plant Growth Regulators market is majorly due to factors such as increasing need for enhanced crop productivity, growing textile industry, and increasing demand for cotton. The initiatives taken by the government are another major factor driving the market in this region. However, factors such as less awareness among the farmers, few product innovations, and lower output of Plant growth regulators when compared to chemical fertilizers are restraining the growth of the market in this region.
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The market is segmented based on type and crop type and is studied for a deep-level understanding of the Plant Growth Regulators market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
By Type
• Cytokinins
• Auxins
• Gibberellins
• Others
By Crop Type
• Fruits & Vegetables
• Grains & Cereals
• Oil seeds
• Turf & Ornamental Grass
• Others
The North America market has been geographically segmented into segmented into US and Canada. The demand for plant growth regulators has 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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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 Plant Growth Regulators market in this region are BASF SE, Bayer Crop Science, DuPont, FMC Corporation, Tata Chemicals Limited, and Xinyi Industrial Co Ltd.
Scope of the North America Plant Growth Regulators Market:
• Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the North American region
• To detect major focus areas of industrial growth Segment-level analysis on basis of type, therapeutics, end-user along with market size forecasts and y-o-y estimations are provided
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• PESTLE and Porter’s Five Forces Analyses that examine the macro& micro environmental factors such as political influence, technological prowess, industry rivalry to name a few.
• An extensive listing of major 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
• mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
• Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Agrochemicals Segment:
North America Biostimulants Market: http://www.marketdataforecast.com/market-reports/north-america-biostimulants-market-1371/
North America Turf & Ornamental Inputs Market: http://www.marketdataforecast.com/market-reports/north-america-turf-ornamental-inputs-market-1483/
North America Bio fertilizers Market: http://www.marketdataforecast.com/market-reports/north-america-biofertilizers-market-1364/
North America Bio Pesticides Market: http://www.marketdataforecast.com/market-reports/north-america-bio-pesticide-market-489/
About Market Data Forecast:
The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well.
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