Europe Plant Growth Regulators Market Introduction and Overview
According to SPER Market Research, the Europe Plant Growth Regulators Market is estimated to reach USD 3,224.26 million by 2033 with a CAGR of 6.62%.
The report includes an in-depth analysis of the Europe Plant Growth Regulators Market, including market size and trends, product mix, applications, and supplier analysis. The chemical compounds known as plant growth regulators control every aspect of a plant's development and growth. It is also known by the terms phytohormones and plant growth hormones. Phytohormones are naturally occurring chemical substances that are either made in labs or produced by plants. Plant physiological processes, such as growth, development, and mobility, are significantly influenced by them.
- March 2023; By completing the acquisitions of Symborg, a leader in microbiological technologies with its headquarters located in Murcia, Spain, and Stroller, a well-known independent biologicals company with its headquarters located in Houston, Texas, Corteva Agriscience cemented its position as a leader in the rapidly expanding biologicals industry.
- December 2022; Corteva Agriscience and NEVONEX, powered by Bosch, established a partnership to investigate the use of spray equipment, advanced analytics, and on farm data for the precise application of crop protection products. The partnership aimed to offer value for farmers by combining traditional machine spray technologies, which in turn helped the company retail customers.
Market Opportunities and Challenges
Opportunities- Crop productivity growth is highly dependent on climate and resource availability. Global production targets are directly impacted by a lack of arable land, labor, inputs, and irrigation, as well as by unpredictable weather patterns. The Organisation for Economic Cooperation and Development (OECD) predicts that although the area devoted to coarse grains would grow only little, crop yields—particularly those of wheat, oilseeds, and sugarcane are expected to rise significantly. Unlike ordinary fertilizers that can upset the balance of the soil and be hazardous, plant growth regulators improve crop health and yield benefits.
Challenges- Plant growth regulators, or PGRs, play a key role in controlling how cells, tissues, and organs develop during the growth of plants. When used wisely, they can greatly increase agricultural productivity. But a significant number of farmers still don't know about the different kinds of PGRs, how to apply them correctly, and how much they can save.
Due to growers' insufficient expertise, PGRs are underutilized, which presents a significant challenge to the industry. To address this, marketing and education initiatives are essential. The environmental advantages of PGRs are not well known to many farmers, therefore they could be reluctant to use them. Organic farming necessitates specialized knowledge, yet farmers in developing nations do not share this knowledge.
Market Competitive Landscape
The Europe Plant Growth Regulators Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Barclay Crop Protection, BASF FE, Bayer Crop Science, Corteva Agriscience, Nufarm Ltd, Redox Industries Ltd, Sumitomo Chemical Pty Ltd, Valent Biosciences Corporation, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Formulation, By Function, By Crop Type
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| Regions covered | Germany, France, Spain, United Kingdom, Nordic, Russia, Rest of Europe.
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| Companies Covered | Barclay Crop Protection, BASF FE, Bayer Crop Science, Corteva Agriscience, Nufarm Ltd, Redox Industries Ltd, Sumitomo Chemical Pty Ltd, Valent Biosciences Corporation.
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COVID-19 Impact on Europe Plant Growth Regulators Market
The effects of COVID-19 on the market for plant growth regulators is that it has caused an unparalleled upheaval in the way supply and demand operate in the market. There was a significant disparity between the number of workers needed for production and the number of workers available due to a temporary scarcity of migrant labourers combined with distribution obstacles. A further obstacle to the production of organic crops was the scarcity of growers in large-scale plantations.
Key Target Audience
- Agricultural Producers and Farmers
- Horticulturists and Floriculturists
- Greenhouse Operators
- Agricultural Research Institutions
- Government and Regulatory Bodies
- Agrochemical Companies
- Distributors and Wholesalers
- Retailers and E-commerce Platforms
Our in-depth analysis of the Europe Plant Growth Regulators Market includes the following segments:
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By Type:
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Cytokinins
Auxins
Gibberellins
Ethylene Abscisic Acid
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By Formulation:
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Wettable Powders
Solutions
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By Function:
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Promoters
Inhibitors
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By Crop Type:
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Cereal and Grains
Fruits and Vegetables
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Key Topics Covered in the Report
- Europe Plant Growth Regulators Market Size (FY’2024-FY’2033)
- Overview of Europe Plant Growth Regulators Market
- Segmentation of Europe Plant Growth Regulators Market by Type (Cytokinins, Auxins, Gibberellins, Ethylene Abscisic Acid)
- Segmentation of Europe Plant Growth Regulators Market by Formulation (Wettable Powders, Solutions)
- Segmentation of Europe Plant Growth Regulators Market by Function (Promoters, Inhibitors)
- Segmentation of Europe Plant Growth Regulators Market by Crop Type (Cereal and Grains, Fruits and Vegetables)
- Statistical Snap of Europe Plant Growth Regulators Market
- Expansion Analysis of Europe Plant Growth Regulators Market
- Problems and Obstacles in Europe Plant Growth Regulators Market
- Competitive Landscape in the Europe Plant Growth Regulators Market
- Impact of COVID-19 and Demonetization on Europe Plant Growth Regulators Market
- Details on Current Investment in Europe Plant Growth Regulators Market
- Competitive Analysis of Europe Plant Growth Regulators Market
- Prominent Players in the Europe Plant Growth Regulators Market
- SWOT Analysis of Europe Plant Growth Regulators Market
- Europe Plant Growth Regulators Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Plant Growth Regulators Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Plant Growth Regulators Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Plant Growth Regulators Market
7. Europe Plant Growth Regulators Market, By Type (USD Million) 2020-2033
7.1. Europe Plant Growth Regulators Market Size, Share and Forecast, By Type, 2020-2026
7.2. Europe Plant Growth Regulators Market Size, Share and Forecast, By Type, 2027-2033
7.3. Cytokinins
7.4. Auxins
7.5. Gibberellins
7.6. Ethylene Abscisic Acid
8. Europe Plant Growth Regulators Market, By Formulation (USD Million) 2020-2033
8.1. Europe Plant Growth Regulators Market Size, Share and Forecast, By Formulation, 2020-2026
8.2. Europe Plant Growth Regulators Market Size, Share and Forecast, By Formulation, 2027-2033
8.3. Wettable Powders
8.4. Solutions
9. Europe Plant Growth Regulators Market, By Function (USD Million) 2020-2033
9.1. Europe Plant Growth Regulators Market Size, Share and Forecast, By Function, 2020-2026
9.2. Europe Plant Growth Regulators Market Size, Share and Forecast, By Function, 2027-2033
9.3. Promoters
9.4. Inhibitors
10. Europe Plant Growth Regulators Market, By Crop Type (USD Million) 2020-2033
10.1. Europe Plant Growth Regulators Market Size, Share and Forecast, By Crop Type, 2020-2026
10.2. Europe Plant Growth Regulators Market Size, Share and Forecast, By Crop Type, 2027-2033
10.3. Cereal and Grains
10.4. Fruits and Vegetables
11. Europe Plant Growth Regulators Market Forecast, 2020-2033 (USD Million)
11.1. Europe Plant Growth Regulators Market Size and Market Share
12. Europe Plant Growth Regulators Market, By Region, 2020-2033 (USD Million)
12.1. Europe Plant Growth Regulators Market Size and Market Share By Region (2020-2026)
12.2. Europe Plant Growth Regulators Market Size and Market Share By Region (2027-2033)
12.3. Germany
12.4. France
12.5. Spain
12.6. United Kingdom
12.7. Nordic
12.8. Russia
12.9. Rest of Europe
13. Company Profile
13.1. BARCLAY CROP PROTECTION
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. BASF SE
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. BAYER CROP SCIENCE
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. CORTEVA AGRISCIENCE
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. NUFARM LTD
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. REDOX INDUSTRIES LTD
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. SUMITOMO CHEMICAL PTY LTD
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. VALENT BIOSCIENCES CORPORATION
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
