India plant growth regulators (PGRs)
market is expected to grow at a steady rate during the forecast period. The India
plant growth regulators (PGRs) market is driven by the growing need for food
safety & security for meeting the demand of its ever increasing population.
This has increased the need to increase the crop yield and prevent the produce
from any kind of damages being caused by pests or other agents. This in turn is
expected to positively influence the market growth through 2025. Additionally,
increasing incidences of flood, draughts coupled with decreasing arable lands
for cultivation has drastically increased the demand for PGRs. Moreover, advancements
in farming techniques coupled with new product launches by the major player
operating in the market is expected to create lucrative opportunities for the
market growth. However, high cost of PGRs can hamper the market growth during
the forecast period. Additionally, lack of awareness among the farmers
pertaining to PGRs and their benefits further restricts the market growth. Furthermore,
the sudden outbreak of pandemic COVID-19 has led to lockdown across the country
shutting down the manufacturing of agrochemicals. This shall have cascading
effect on the food production and crop yield. However, the government has eased
the restrictions on manufacturing the fertilizers and PGRs in order to maintain
seasonal agricultural activities.
The India plant growth regulators (PGRs)
market is segmented based on type, crop type, function, formulation, company
and region. Based on type, the market can be categorized into auxin,
gibberellin, cytokinin and others. The cytokinin segment is expected to
dominate the market during the forecast period since it increases the capacity
of plants to tolerate water deficiency by guarding nitrogen and carbon
integration process during stressful conditions. Additionally, cytokinin help
in branching, nutrient remobilization and facilitate the growth of flowers and
seeds. Based on crop type, the market can be grouped into fruits & vegetables,
cereals & grains, oilseeds & pulses and turf & ornamentals. The
fruit & vegetables segment is expected to dominate the market owing to the
increasing health awareness among the population and a shift towards organic
food. Based on function, the market can be fragmented into stimulators,
promotors, inhibitors and retardants. The promoters segment is expected to
dominate the market over the next few years on account of their increased use
on fruits & vegetables to enhance the flowering process thereby increasing
yield. Additionally, promoters help in early stages of development thereby
driving the growth of segment.
The major players operating in the
India plant growth regulators (PGRs) market are BASF India Ltd., Dow Chemical Company,
Bayer India, 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. and others.
Major companies are developing advanced technologies and launching new products
in order to stay competitive in the market. Other competitive strategies
include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the
- To analyze and estimate the market size of India
plant growth regulators (PGRs) market from 2015 to 2018.
- To estimate and forecast the market size of India
plant growth regulators (PGRs) market from 2019 to 2025 and growth rate
- To classify and forecast India plant growth
regulators (PGRs) market based on type, crop type, function, formulation, company
and regional distribution.
- To identify dominant region or segment in the India
plant growth regulators (PGRs) market.
- To identify drivers and challenges for India plant
growth regulators (PGRs) market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in India
plant growth regulators (PGRs) market.
- To conduct pricing analysis in the India plant
growth regulators (PGRs) market.
- To identify and analyze the profile of leading
players operating in India plant growth regulators (PGRs) market.
- To identify key sustainable strategies adopted
by market players in India plant growth regulators (PGRs) market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of India plant growth regulators (PGRs) market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Plant growth regulators (PGRs)
manufacturers/ suppliers/ distributors
- Market research and
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to plant growth regulators (PGRs)
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
In this report, India plant growth
regulators (PGRs) market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- India Plant Growth Regulators (PGRs) Market, By
- India Plant Growth Regulators (PGRs) Market, By Crop
- Fruits & Vegetables
- Cereals & Grains
- Oilseeds & Pulses
- Turf & Ornamentals
- India Plant Growth Regulators (PGRs) Market, By Function:
- India Plant Growth Regulators (PGRs) Market, By Formulation:
- Water-Dispersible & Water-Soluble Granules
- Wettable Powders
- India Plant
Growth Regulators (PGRs) Market, By Region:
Company Profiles: Detailed analysis of the major
companies present in India plant growth regulators (PGRs) market.
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
- Detailed analysis and
profiling of additional market players (up to five).
India plant growth
regulators (PGRs) market is an upcoming report to be released soon. If you wish
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