United Kingdom Plant Growth Regulators (PGRs) Market To Register Growth With Agriculture Industry Expansion
United
Kingdom Plant Growth Regulators (PGRs) Market to be driven by rising
investments in agriculture sector.
According to TechSci report on, “United
Kingdom Plant
Growth Regulators (PGRs) Market
- By Region, Competition Forecast &
Opportunities, 2027”, United
Kingdom plant growth regulators (PGRs) market may flourish with an impressive
CAGR during the forecast period of 2023-2027, on the backbone of growing
demands for the higher yielding crops. Increasing need for the enhancing
productivity of the crops and enhance the growth hormone concentrations in the
plant, the demands for the plant growth regulators are increasing, and thus
driving the growth of the United Kingdom plant growth regulators (PGRs) market
in the upcoming five years. Rising demands for the high productions of food
crops and fruits & vegetable crops further support the growth of the United
Kingdom plant growth regulators (PGRs) market in the next five years. Growing
population of the country along with the higher consumption of food fuels the
growth of the market. Growing demands for the sustainable agricultural
practices also facilitate the growth of the United Kingdom plant growth
regulators (PGRs) market in the future five years. Demand for food security for
all the population along with providing nutritive high value food and organic
food demands further support the growth of the United Kingdom plant growth
regulators (PGRs) market. Decreasing arable lands, decreasing cultivable lands
due to increased construction of residential, industrial building further
drives for the higher yields of the existent crops, thereby aiding to the
growth of the United Kingdom plant growth regulators (PGRs) market. Total land
area where crops can be grown in the United Kingdom in the year 2021 was 6.02
million hectares. Out of which 4.48 million hectares are actually used for
agriculture practices.
Increasing
investment in the agricultural industry along with the further expansion of the
agriculture sector, increasing imports and exports further facilitates the
growth of the United Kingdom plant growth regulators (PGRs) market in the
forecast years through 2027. Furthermore, government support, favorable tax
incentives along with the supportive schemes for the farmers are expected to
further substantiate the growth of the United Kingdom plant growth regulators
(PGRs) market in the forecast period.
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The
United Kingdom plant growth regulators (PGRs) market is segmented by type, crop
type, function, formulation, competitional landscape, and regional
distribution. Based on type, the market is further segmented into auxin,
gibberellin, cytokinin, and others. Cytokinin are anticipated to hold the
largest revenue shares of the market and dominate the market segment in the
upcoming five years on the grounds of higher production of fruits and
vegetables. Surge in the demand for organic fruit and vegetable cultivation
also supports the segmental growth. Organic farming practices along with the
sustainable agricultural practices substantiate the growth of the United
Kingdom plant growth regulators (PGRs) market in the forecast years through
2027.
By
crop type, the market is fragmented into fruits & vegetables, cereals &
grains, oilseeds & pulses, and turf & ornamentals. Cereals & grains
are anticipated to hold the largest revenue shares of the market and dominate
the market segment in the upcoming five years due to increasing demands for the
food crops. Increasing population of the country and demands for food security
for whole population also supports the growth of the segment along with the
growth of the United Kingdom plant growth regulators (PGRs) market in the next
five years. Based on function, the market is also analyzed among stimulators,
promotors, inhibitors, and retardants. By formulations, the market is also
bifurcated into water-dispersible & water-soluble granules, solutions,
wettable powders, and tablets. The market analysis also studies the regional
segmentation to devise regional market segmentation, divided among London, East
Anglia, Southwest, Southeast, Scotland, East Midlands, and Yorkshire &
Humberside.
A
partial list of major market players of the United Kingdom plant growth
regulators (PGRs) market includes :
·
BASF UK Limited
·
Bayer UK Limited
·
Syngenta (UK) Limited
·
Nufarm UK Limited
·
Sumitomo Chemical (UK) Plc.
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“Increased investment and advancement in the plant hormones and plant
growth regulators (PGRs) drive the growth of the market. Growing acceptance of
modern farming techniques further supports the growth of the market in the
recent years. Leading manufacturers are also setting up their manufacturing
units in the country along with focusing on the development of the more
advanced and potent products that is anticipated to further support the growth
of the United Kingdom plant growth regulators (PGRs) market. Increasing number
of the market players in the country dedicated toward providing advanced and
new line of products launching in the industry further support the market
growth. New market players are advised to focus on the investing their
resources and finances in evolving their research as well as product
development to establish their brand in the market,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“United Kingdom Plant
Growth Regulators (PGRs) Market By Type (Auxin, Gibberellin, Cytokinin,
Others), By Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds
& Pulses, Turf & Ornamentals), By Function (Stimulators, Promotors,
Inhibitors, Retardants), By Formulation (Water-Dispersible & Water-Soluble
Granules, Solutions, Wettable Powders, Tablets), By Region, Competition
Forecast & Opportunities, 2027” has evaluated the future growth potential of United
Kingdom plant growth regulators (PGRs) market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in United Kingdom plant growth regulators (PGRs) market.
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