United Kingdom plant growth
regulators (PGRs) market is anticipated to register growth with an impressive
CAGR in the forecast period, 2023-2027. The market growth can be attributed to growing
demand for increasing the yields of the existent crops. Increasing demand for
the sustainable agricultural practices further drive the growth of the United
Kingdom plant growth regulators (PGRs) market in the upcoming five years.
Increasing population of the country and inclination toward organic food also
fuels the growth of the United Kingdom plant growth regulators (PGRs) market in
the next five years. Moreover, the demand for the efficient chemicals for the
enhancement of the crop development and higher productivity of the fields
further support the growth of the United Kingdom plant growth regulators (PGRs)
market in the future five years.
Chemicals that function as
phytohormones and poses effect on the plant’s physiological changes and growth
are termed as plant growth regulators (PGRs). These chemicals and compounds are
different from nutrients. The plant growth regulators are characterized into
five groups auxin, gibberellin, cytokinin, ethylene, and abscisic acid. These
compounds can be synthetically prepared in laboratories and can be naturally
occurring hormones.
Demand For High Yielding
Crops Promises Market Growth
Surge in the demand for the
higher yielding crops and availability of the food security for everyone in the
country further drives the growth of the United Kingdom plant growth regulators
(PGRs) market in the upcoming five years. Growing population of the country,
coupled with increasing immigrant population further strengthens the demand for
food security concerns and thus supports the growth of the United Kingdom plant
growth regulators (PGRs) market in the next five years. Population of the
country in the year 2021 was 68, 207, 116 that has increased since 2020.
According to the sources, in the year 2018, 14% of the 9.8 million population
in the country was immigrants.
Sustainable Agricultural
Practices Strengthens Market Growth
Rapidly evolving agricultural
sector and the advancement supports the growing demand for the sustainable agricultural
practices. The plant growth regulators are applied to help the plant growth as
increasing the blossom rate, stimulation plant growth, and delaying the onset
of sprouting of root crops along with others. With higher yields and these
advance functions for plant nutrition, further aids the commercial agribusiness
by enhancing the quality and quantity of the food crops thus increasing the
demands for the chemicals and supporting the growth of the United Kingdom plant
growth regulators (PGRs) market in the future five years.
Lack of Agriculture Lands
Influences Market Growth
Increasing population and
growing construction industry pose threat to the agriculture lands too. As more
lands are taken under for the construction of residential, industrial and
commercial infrastructure, agriculture lands are decreasing. That poses high
pressure over the existing lands to provide higher yielding crops, thereby
substantiating the growth of the United Kingdom plant growth regulators (PGRs)
market in the upcoming five years. In 2020, approximately 4.3 million hectares
of land in the United Kingdom were utilized for arable crop production. That
further decreased to 3.34 million hectares in the year 2021.
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Market Segmentation
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. By crop type, the market is fragmented into fruits & vegetables,
cereals & grains, oilseeds & pulses, and turf & ornamentals. 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.
Company Profile
BASF UK Limited, Bayer UK Limited,
Syngenta (UK) Limited, Nufarm UK Limited, Sumitomo Chemical (UK) Plc., among others is a partial
list of major market players of the companies responsible for the growth of United
Kingdom plant growth regulators (PGRs) market.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, volume in units, and CAGR for 2017-2021
and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Type
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Crop Type
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Function
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Formulation
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Regional scope
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London, East Anglia, Southwest, Southeast, Scotland, East
Midlands, and Yorkshire & Humberside
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Key companies profiled
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BASF UK Limited, Bayer UK Limited, Syngenta
(UK) Limited, Nufarm UK Limited, Sumitomo Chemical (UK) Plc.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, United Kingdom plant growth regulators
(PGRs) market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- United Kingdom Plant Growth
Regulators (PGRs) Market, By Type:
- Auxin
- Gibberellin
- Cytokinin
- Others
- United Kingdom Plant Growth
Regulators (PGRs) Market, By Crop Type:
- Fruits & Vegetables
- Cereals & Grains
- Oilseeds & Pulses
- Turf & Ornamentals
- United Kingdom Plant Growth
Regulators (PGRs) Market, By Function:
- Stimulators
- Promotors
- Inhibitors
- Retardants
- United Kingdom Plant Growth
Regulators (PGRs) Market, By Formulation:
- Water-Dispersible &
Water-Soluble Granules
- Solutions
- Wettable Powders
- Tablets
- United Kingdom Plant Growth
Regulators (PGRs) Market, By Region:
o London
o East Anglia
o Southwest
o Southeast
o Scotland
o East Midlands
o Yorkshire & Humberside
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United Kingdom plant growth regulators
(PGRs) market.
Available Customizations:
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:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
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