Plant Growth Regulators Market - Forecast (2021 - 2026)
Global Plant growth regulator market is valued $1,550 million in the year 2017 and is expected to grow at a CAGR of 4.6% from 2018 to 2023. The market is growing steadily due to wide adoption of ethylene across groups. Cytokinins is having the highest market share in the year 2017 and is followed by Ethylene which is valued $448.5 million and $386.2 million respectively in the year 2017 and is anticipated to grow with a CAGR of 4.6% and 5.9% from the year 2018 to 2023. What is plant growth regulator Plant growth regulators are the synthetic or natural chemicals that are responsible in controlling the growth and development of the plant. Natural plant growth regulators are produced with in specific parts of plants in minimal qualities and migrate to other parts, manipulating several physiological functions to regulate the plant’s growth such as promoting plant cell division and cell expansion, leaf expansion, retarding senescence of the leaves, ripening of fruits & vegetables , fr...