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 2021 – 2028.
The South America plant growth regulators market size is projected to expand at a CAGR of 5.6% during the forecast period, 2021-2028. 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.
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 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 | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| 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.
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.
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 ReportThe South America plant growth regulators market is segmented on the basis of
Types
- Cytokinin
- Auxin
- Gibberellin
- Other types
- Crop-based
- Grains and Cereals
- Pulses and Oilseeds
- Fruits & Vegetables
- Turf & ornamentals
- Other Crops
- Non-Crop-based
- Turf and Ornamental grass
- Other applications
- Brazil
- Argentina
- Rest of South America
- BASF SE
- Bayer crop science AG
- Microquimica Tradecorp
- NuFarm Ltd
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.
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 (000’ 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
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 (000’ 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
Segments Covered in the Report
The South America plant growth regulators market is segmented on the basis of
Types
The South America plant growth regulators market is segmented on the basis of
Types
- Cytokinin
- Auxin
- Gibberellin
- Other types
- Crop-based
- Grains and Cereals
- Pulses and Oilseeds
- Fruits & Vegetables
- Turf & ornamentals
- Other Crops
- Non-Crop-based
- Turf and Ornamental grass
- Other applications
- Brazil
- Argentina
- Rest of South America
- BASF SE
- Bayer crop science AG
- Microquimica Tradecorp
- NuFarm Ltd
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.
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