Plant Growth Regulators Market Size, Share & Industry | 2031

Segments - South America Plant Growth Regulators Market by Types (Cytokinin, Auxin, Gibberellin, and Other types), Applications (Crop-based (Grains and Cereals, Pulses and Oilseeds Fruits & Vegetables, Turf and Ornamentals and Other crops), Non-crop-based (Turf and Ornamental grass and Other applications), and Geography (Brazil, Argentina, and Rest of South America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031.

Author : Anuradha B. More

Fact-checked by : Vaibhav Chandola

Editor : Shruti Bhat

Report Description

South America Plant Growth Regulators Market Outlook 2031

The South America plant growth regulators market size was valued USD XX Billion in 2022 and is likely to reach USD XX Billion in 2031, expanding at a CAGR of 5.6% during the forecast period, 2023-2031. The growth of the market is attributed to rising demand for sustainable agricultural practices.

Plant growth regulators are synthetic or natural chemicals that are in charge of controlling plant growth and development. Natural plant growth regulators are developed with minimal qualities in specific parts of plants and migrate to other parts, manipulating several physiological functions to regulate plant growth, such as promoting plant cell division and cell expansion, leaf expansion, retarding leaf senescence, ripening of fruits and vegetables, fruit & flower maturation, and seed germination.

Plant growth regulators aid in improvement of crop yields and better crop management. The use of plant growth regulators to remove excess of fruits from pear trees is a common practice in orchard management, and it must be done within 30 days of blooming. As a result, labor availability should be consistent with this practice.

Plant growth regulators reduces total biological yield while increasing the fruit size. Furthermore, it facilitates the use of mechanical harvesters, making harvesting easier and lowering the cost of human labor. This, in turn, has increased crop profitability. Thus, the use of plant growth regulators has resulted in significant success in plant development processes such as flowering and fruit development, as well as ripening, harvesting, and post-harvesting of fruits and vegetables.

South America Plant Growth Regulators Market Trends, Drivers, Restraints, and Opportunities

Reduced arable land is driving the market growth.
Growing agro-chemical industry may hinder the market growth.
Increasing development of eco-friendly regulators can create immense opportunities for the market players in the projected timeline.

Scope of The South America Plant Growth Regulators Market Report

The report on the South America plant growth regulators market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Plant Growth Regulators Market - South America Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Cytokinin, Auxin, Gibberellin, and Other types), Applications (Crop-based (Grains and Cereals, Pulses and Oilseeds Fruits & Vegetables, Turf and Ornamentals and Other crops), Non-crop-based (Turf and Ornamental grass and Other applications)
Geographical Scope	Brazil, Argentina, and Rest of South America
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	BASF SE, Bayer crop science AG, Microquimica Tradecorp and NuFarm Ltd

South America Plant Growth Regulators Market Segment Insights:

Cytokinin segment to dominate the market growth

Based on types, the market is segregated into cytokinin, auxin, gibberellin and other types. The cytokinin segment is anticipated to account for a major market share during the forecast period. Cytokinin is a type of plant growth hormone that stimulates cell division or cytokinesis in plant roots and shoots.

It is primarily responsible for cell growth and differentiation, but this plant growth hormone also influences apical dominance, axillary bud growth, and leaf senescence. Auxin is a type of plant hormone that has properties similar to morphogen. Auxins are essential for plant body development and play a critical role in the coordination of growth and behavioral process in a plant life cycle.

South America Plant Growth Regulators Market Types

Crop-based segment to account a significant market share

On the basis of applications, the South America plant growth regulators market is divided into crop-based and non-crop-based. The crop-based segment is sub-segmented into grains and cereals, pulses and oilseeds fruits & vegetables, turf & ornamentals and other crops. While the non-crop-based segment is classified as turf and ornamental grass and other applications. The crop-based segment is anticipated to account for a major market share owing to rising food demand and reduced arable land in the region.

South America Plant Growth Regulators Market Applications

Brazil is projected to hold a major market share

In terms of geography, the market is categorized as Brazil, Argentina and Rest of South America. Brazil is expected to hold a major market share owing to the increasing greater emphasis on sustainable agriculture. Cereals and oilseeds account for a majority of plant growth regulators in the country, followed by fruits and vegetables.

Segments

Segments Covered in the Report
The South America plant growth regulators market is segmented on the basis of

Types

Cytokinin
Auxin
Gibberellin
Other types

Applications

Crop-based
- Grains and Cereals
- Pulses and Oilseeds
- Fruits & Vegetables
- Turf & ornamentals
- Other Crops
Non-Crop-based
- Turf and Ornamental grass
- Other applications

Geography

Brazil
Argentina
Rest of South America

Key Players

Competitive Landscape

The major players in South America plant growth regulators market include BASF SE, Bayer crop science AG, Microquimica.

Companies are engaging in mergers, acquisitions and partnerships to expand their market share. In 2019, Nufarm Ltd. introduced a plant growth regulatory product, named Impulse, in Brazil. This product primarily inhibits flowering, accelerates ripening, and stimulates sugarcane sprouting and tillering.

South America Plant Growth Regulators Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plant Growth Regulators Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Plant Growth Regulators Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Plant Growth Regulators Market - Supply Chain
  4.5. Global Plant Growth Regulators Market Forecast
     4.5.1. Plant Growth Regulators Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Plant Growth Regulators Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Plant Growth Regulators Market Absolute $ Opportunity
5. Global Plant Growth Regulators Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Plant Growth Regulators Market Size and Volume Forecast by Types
     5.3.1. Cytokinin Auxin Gibberellin Other types
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Plant Growth Regulators Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Plant Growth Regulators Market Size and Volume Forecast by Applications
     6.3.1. Crop-based Non-Crop-based
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Plant Growth Regulators Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Plant Growth Regulators Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Plant Growth Regulators Demand Share Forecast, 2019-2026
8. North America Plant Growth Regulators Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Plant Growth Regulators Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Plant Growth Regulators Market Size and Volume Forecast by Types
     8.4.1. Cytokinin Auxin Gibberellin Other types
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Plant Growth Regulators Market Size and Volume Forecast by Applications
     8.7.1. Crop-based Non-Crop-based
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Plant Growth Regulators Demand Share Forecast, 2019-2026
9. Latin America Plant Growth Regulators Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Plant Growth Regulators Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Plant Growth Regulators Market Size and Volume Forecast by Types
     9.4.1. Cytokinin Auxin Gibberellin Other types
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Plant Growth Regulators Market Size and Volume Forecast by Applications
     9.7.1. Crop-based Non-Crop-based
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Plant Growth Regulators Demand Share Forecast, 2019-2026
10. Europe Plant Growth Regulators Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Plant Growth Regulators Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Plant Growth Regulators Market Size and Volume Forecast by Types
     10.4.1. Cytokinin Auxin Gibberellin Other types
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Plant Growth Regulators Market Size and Volume Forecast by Applications
     10.7.1. Crop-based Non-Crop-based
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Plant Growth Regulators Demand Share Forecast, 2019-2026
11. Asia Pacific Plant Growth Regulators Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Plant Growth Regulators Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Plant Growth Regulators Market Size and Volume Forecast by Types
     11.4.1. Cytokinin Auxin Gibberellin Other types
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Plant Growth Regulators Market Size and Volume Forecast by Applications
     11.7.1. Crop-based Non-Crop-based
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Plant Growth Regulators Demand Share Forecast, 2019-2026
12. Middle East & Africa Plant Growth Regulators Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Plant Growth Regulators Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Plant Growth Regulators Market Size and Volume Forecast by Types
     12.4.1. Cytokinin Auxin Gibberellin Other types
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Plant Growth Regulators Market Size and Volume Forecast by Applications
     12.7.1. Crop-based Non-Crop-based
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Plant Growth Regulators Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Plant Growth Regulators Market: Market Share Analysis
  13.2. Plant Growth Regulators Distributors and Customers
  13.3. Plant Growth Regulators Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. BASF SE Bayer crop science AG Microquimica Tradecorp NuFarm Ltd