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Forecast Period
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2026-2030
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Market Size (2024)
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USD 102.34 Million
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Market Size (2030)
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USD 154.81 Million
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CAGR (2025-2030)
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7.22%
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Fastest Growing Segment
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Auxins
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Largest Market
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North India
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Market Overview
India Plant
Growth Regulators Market was valued at USD 102.34
Million in 2024 and is anticipated to project impressive growth in the
forecast period with a CAGR of 7.22% through 2030. Plant
Growth Regulators (PGRs) are organic compounds, either produced naturally
within the plants or applied artificially, that influence the growth and
differentiation of plant cells, tissues, and organs. PGRs play a pivotal role
in controlling the speed of growth of the plant, coordinating the growth and
development of cells, and affecting the plant's responses to environmental stimuli.
They include hormones such as auxins, gibberellins, cytokinin, ethylene, and
abscisic acid, each having a unique role in the life of a plant. The market for
Plant Growth Regulators (PGRs) in India has observed significant growth in
recent years, owing to the country's burgeoning agricultural sector. As India
is an agrarian economy with a vast majority of its population engaged in
farming, the demand for PGRs is high. These compounds are widely used to
enhance crop yield, mitigate the effects of stress conditions, and manage the
growth of ornamental plants and horticultural crops. Importantly, the
introduction of organic and bio-based PGRs has opened new avenues in the
market, given the increasing preference for environmentally friendly farming
practices in India.
Key Market Drivers
Increased
Adoption of Precision Farming & Protected Agriculture
The rising adoption of precision farming
and protected agriculture in India is expected to fuel the demand for plant
growth regulators (PGRs). Precision farming relies heavily on technology and
data to enhance crop yields and efficiency. Plant growth regulators, a key
component in this agricultural approach, help manage crop growth patterns and
increase productivity. They allow farmers to control the plant's physiological
processes, improving crop quality and yield. Furthermore, the emergence of
protected agriculture, including practices like greenhouse farming and vertical
farming, further necessitates the use of PGRs. These controlled environments
require specialized care for plant growth, where regulators play a critical
role in maintaining optimal conditions. The convergence of these farming
practices with the technological advances in PGRs is creating a conducive
environment for their increased demand. As Indian farmers continue to adopt
these modern agricultural practices, the market for plant growth regulators is
anticipated to witness significant growth.
Rising
Demand for Organic Food Products
The rising demand for organic food
products in India is expected to have a significant impact on the Plant Growth
Regulators (PGRs) market in the country. Consumers are becoming increasingly
aware of the health benefits of organic foods, leading to a surge in demand for
these products. As a result, farmers are turning to PGRs, which are known to
enhance the growth and quality of crops while maintaining the organic standard.
PGRs are a group of organic compounds, either produced naturally or
synthetically, that enhance overall plant physiological processes including
growth, development and nutrient management. The use of these regulators in
organic farming not only helps in fulfilling the rising demand for organic food
products by increasing crop productivity but also ensures the sustainability of
farming by reducing the reliance on chemical fertilizers and pesticides. With
the ever-increasing consumer preference for organic food products, it is
anticipated that the demand for PGRs in India will continue to grow at a
significant pace in the coming years.
Advancements
in Biotechnological Research in The Agriculture Sector
The surge in biotechnological research
in India's agricultural sector is poised to increase the demand for Plant
Growth Regulators (PGRs). As India grapples with the dual challenge of a
burgeoning population and shrinking agricultural land, prioritizing crop yield
maximization has become essential. PGRs, substances designed to enhance plant
growth and productivity, have emerged as a significant tool in achieving this
goal. The advancements in biotechnology play a pivotal role in this scenario.
These innovations have led to the development of tailor-made PGRs, designed to
cater to the specific requirements of different plant species, thereby
optimizing their yield. The application of biotechnology has also facilitated a
better understanding of plant genomes, assisting in the creation of PGRs that
can significantly improve crop resistance to various biotic and abiotic stresses.
Furthermore, the ongoing research is set to enhance the efficiency and
effectiveness of PGRs, creating a positive cycle of demand and development.
Therefore, it can be said that as biotechnological research in the agricultural
sector continues to make strides, it will significantly increase the demand for
PGRs in India, thereby contributing to the country's food security and
agricultural sustainability.
Increasing
Investment in Research & Development
India's agricultural sector is poised
for a significant transformation as Increasing Investment in Research &
Development is expected to elevate the demand for Plant Growth Regulators
(PGRs). These critical agricultural inputs, which influence the growth and
development of crops, are gaining traction in the Indian market due to their
potential to enhance agricultural yields and crop resilience. The primary force
accelerating their demand is the surge in investments in R&D within the
agricultural sector. This investment aims to drive innovation and develop
advanced, efficient, and eco-friendly PGRs tailored to the unique needs of
Indian agriculture. Coupled with the government's push for sustainable farming,
the R&D funding could lead to the creation of PGRs capable of mitigating
climate change impacts, improving pest resistance, and increasing crop
productivity. Furthermore, the advent of digital farming and precision
agriculture, both R&D-driven initiatives, could facilitate precise
application of PGRs, thereby reducing wastage and enhancing their effectiveness.
These factors cumulatively make a compelling case for increased R&D
investment to boost the demand for PGRs in India's agricultural sector.
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Key Market Challenges
High
Cost
The high cost of plant growth regulators
(PGRs) in India is anticipated to negatively impact their demand amongst the
farming community. PGRs serve as vital tools to enhance crop yield and quality,
but their steep prices make them unattainable for small and medium-scale Indian
farmers, who comprise a significant portion of the farming population. These
farmers, grappling with limited financial resources, often prioritize basic
necessities like seeds and fertilizers over costly PGRs. Moreover, India's agriculture
sector is deeply entwined with monsoons and susceptible to drastic climatic
changes, leaving farmers with inconsistent income. This further exacerbates
their inability to afford high-priced agricultural inputs like PGRs.
Consequently, the demand for PGRs is expected to decline unless efforts are
made to make them more affordable for the average Indian farmer. Strategies
such as subsidizing PGRs, introducing cost-effective bio-based alternatives, or
implementing government schemes that support their purchase could potentially
reverse this trend and enhance the utilization of PGRs in Indian agriculture.
Existing
Counterfeit Products
The proliferation of counterfeit
products in the market is posing a significant threat to the demand for
authentic plant growth regulators in India. Counterfeit products, often
marketed as cheaper alternatives, can be enticing to farmers seeking
cost-effective solutions for crop growth. However, these fraudulent products
don't offer the same efficacy and safety as authentic plant growth regulators,
leading to lower yield and potentially causing adverse environmental impacts.
The prevalence of such counterfeit products raises concerns about the quality
and reliability of products available in the market, which can lead to a decrease
in overall demand. Additionally, it creates a sense of mistrust among farmers,
leading them to seek other methods for plant growth regulation. As awareness of
the risks associated with counterfeit products increases, farmers are likely to
be more cautious in their purchases, further driving down demand for plant
growth regulators. Therefore, it's necessary to strengthen regulatory oversight
and promote awareness among farmers about the importance of using authentic
plant growth regulators for sustainable agriculture.
Key Market Trends
Increasing
Acceptance of Integrated Pest Management (IPM) Practices
Integrated Pest Management (IPM)
practices are gaining increasing acceptance in India, a shift that is expected
to drive demand for Plant Growth Regulators (PGRs). IPM is a sustainable,
eco-friendly approach to pest control that minimizes the use of harmful
pesticides and emphasizes natural and biological methods. This method aligns
with the increasing global emphasis on sustainable farming practices, a trend
that is also catching up in India due to heightened awareness about the harmful
effects of over-reliance on synthetic pesticides. PGRs fit perfectly into this
model as they help enhance crop yield, manage plant development, and are less
harmful to the environment compared to traditional agrochemicals. As more
Indian farmers adopt IPM, the use of PGRs should rise, contributing positively
to the Indian PGR market. It's a win-win situation where farmers can improve
their yield and profitability while contributing to environmental
sustainability. Additionally, the Indian government's support towards
sustainable farming and increased training on IPM practices should further
boost the acceptance of PGRs, making them an integral part of the Indian
agriculture sector.
Rising
Development of New Formulations with
Improved Efficiency
The rise in development of new
formulations with improved efficiency is anticipated to fuel the demand for
Plant Growth Regulators (PGRs) in India. With the recent surge in agricultural
advancements, PGRs have emerged as an effective solution in crop management,
enhancing the quality and productivity of crops. Innovative formulations are
being developed with superior efficiency, ensuring optimal plant growth and
reducing reliance on traditional fertilizers. These formulations have been
instrumental in addressing issues like drought, salinity, and nutrient
deficiency, thus increasing crop yield and quality. The demand for these
efficient PGRs is also bolstered by India's booming population, resulting in a
pressing need for increased agricultural production to ensure food security.
Furthermore, the Indian government's initiatives to promote sustainable farming
practices further encourage the adoption of PGRs. The amalgamation of these
factors is likely to stimulate the demand for PGRs, signifying a promising growth
trajectory in the Indian market.
Segmental Insights
Type Insights
Based on the
type, Auxins, a class of plant growth regulators, are currently dominating the
India Plant Growth Regulators market. Their popularity stems from their crucial
role in promoting various biological processes within plants, such as cell
division, growth, and differentiation. Due to their effectiveness, auxins have
become widely utilized in agricultural practices and horticulture across the
country. By contributing to the improvement of crop yield and quality, auxins
have established themselves as indispensable tools for farmers and
horticulturists alike. Their remarkable impact on the agricultural industry
underscores the significance of these plant growth regulators in sustaining
food production and enhancing plant development.
Crop Type Insights
Based on Crop
Type, the Fruits & Vegetables segment is currently experiencing a
significant domination in the agricultural industry. This can be primarily
attributed to the remarkable surge in the consumption of a wide variety of
fruits and vegetables. People are increasingly becoming aware of the numerous
health benefits associated with incorporating these nutritious foods into their
daily diet. Furthermore, there is a growing recognition of the positive impact
that the utilization of plant growth regulators can have on crop yield and
quality. These regulators play a pivotal role in enhancing the growth and
development of plants, ensuring optimal productivity and sustainability for
farmers and cultivators alike. By utilizing these regulators, farmers can
effectively manage plant growth, mitigate the impact of adverse environmental
conditions, and achieve higher crop yields while maintaining the quality of
their produce. Thus, the Fruits & Vegetables segment continues to thrive as
consumers prioritize healthy eating habits and farmers adopt innovative
agricultural practices to meet the increasing demand for fresh and high-quality
produce.
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Regional Insights
North India has emerged as a dominant region in the India Plant Growth
Regulators market, showcasing its potential to revolutionize the agricultural
landscape. With its vast expanse of agricultural activities and the widespread
adoption of modern farming practices, the region has witnessed a significant
surge in the demand for plant growth regulators. These regulators, with their
innovative formulations and advanced technologies, have caught the attention of
farmers in North India who are increasingly recognizing their immense benefits.
The use of plant growth regulators has proven to enhance crop yields, improve
crop quality, and promote sustainable farming practices, ensuring a brighter
future for agriculture in the region. As a result, the market for plant growth
regulators in North India is experiencing a remarkable growth trajectory,
positioning the region as a key player in the agricultural industry of India.
The continuous advancements and research in the field of plant growth
regulators are anticipated to further fuel the growth and success of North
India's agricultural sector, establishing it as a powerhouse in the realm of
crop cultivation and productivity.
Recent Development
- In March
2023, Sumitomo Chemical India Ltd. introduced its highly anticipated
Biorational product, Promalin, in Himachal Pradesh. Promalin is a 9 (3) product
developed through extensive research conducted by Valent Biosciences, based in
Illinois, USA, a subsidiary of Sumitomo Chemical Company, Japan. Renowned for
its innovative Biorational solutions, Promalin marks its debut in the Indian
market through Sumitomo Chemical India Ltd.
Key Market Players
- BASF India Ltd.
- Dow Chemical International Private Limited
- Bayer India Ltd.
- FMC India Pvt. Ltd.
- Dhanuka Agritech Ltd.
- Godrej Agrovet Limited
- Krishi Rasayan Exports Pvt. Ltd.
- Growtech Agri Science and Research
Private Limited
- Bharat Rasayan Limited
- Aristo Biotech And Life Science Pvt.
Ltd.
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By Type
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By Crop Type
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By Function
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By Chemical Formulation
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By Region
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- Cytokinin
- Gibberellins
- Auxins
- Others
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- Fruits & Vegetables
- Ornamentals
- Others
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- Stimulators
- Promoters
- Inhibitors
- Retardants
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Report Scope:
In this report, the India Plant Growth Regulators Market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
·
India Plant Growth Regulators Market, By Type:
o
Cytokinin
o
Gibberellins
o
Auxins
o
Others
·
India Plant Growth Regulators Market, By Crop
Type:
o
Fruits & Vegetables
o
Ornamentals
o
Others
·
India Plant Growth Regulators Market, By
Function:
o
Stimulators
o
Promoters
o
Inhibitors
o
Retardants
·
India Plant Growth Regulators Market, By Chemical
Formulation:
o
IAA
o
IBA
o
GA1
o
GA4
o
Others
- India Plant Growth Regulators Market, By Region:
o
North
o
South
o
West
o
East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the India Plant Growth Regulators
Market.
Available Customizations:
India Plant Growth Regulators Market report with the given market data,
Tech Sci Research offers customizations according to a company's specific
needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
India Plant Growth Regulators Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]