Europe Plant Growth Regulators Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.30 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Plant Growth Regulators Market Analysis
The Europe Plant Growth Regulator Market is estimated to register a CAGR of 8.3% during the forecast period 2020-2025. The organic food industry, which is growing at a healthy growth rate, and stress from governments and government organizations on sustainable farming are the major driving force of the plant growth regulators industry. Regulatory constraints in terms of product specification and registration along with comparatively minimal product innovation in the sector may act as obstacles to the market.
Europe Plant Growth Regulators Market Trends
This section covers the major market trends shaping the Europe Plant Growth Regulators Market according to our research experts:
Increasing Organic Farming
According to the United States Department of Agriculture (USDA), The demand for plant growth regulators in Europe was considerably high in 2019 due to the big scale of organic farming industry where specific plant hormones such as cytokinin, Auxins, and gibberellins are utilized in several methods of farming. The organically managed permanent pasture area is highest in Spain, Germany, the United Kingdom, and the Czech Republic, with at least 400,000 hectares managed in each country. Organically managed pastureland, used for livestock, represents a major element of Europe's organic land area. Cereals like corn and wheat are showing major growth, along with perennial crops like olives and grapes. Approximately 70% of the consumers trust organic products on the belief that organic farming methods address animal welfare, environmental, and rural development concerns.
Export is Dominating The European Market in Terms Of Value
According to the International Trade Centre (ITC) in 2019, Europe is the largest market accounting for around 45% of the market share. Growth in the consumption of organic food is driving the market in this region. Countries such as France, the United Kingdom, Germany exports the highest value of export followed by Spain, the UK, and France. According to the International Trade Centre, in 2018, Germany exported Plant Growth Regulators worth USD 4,339,509 thousand, up from USD 3,981,287 thousand in 2016. Some countries such as the United States and Poland are the major importing countries of Plant growth regulator with France holding a major share among all. The export of plant growth regulators in Europe is mainly intra-export oriented.
Europe Plant Growth Regulators Industry Overview
The key players in the market are focused on new product launch to cater to a wider consumer base and expand market share. Investment in R&D of cheap effective products is another strategy adopted by market leaders. The major players in the market are BASF SE, Bayer Crop Science, Corteva Agriscience, etc.
Europe Plant Growth Regulators Market Leaders
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BASF SE
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Bayers CropScience
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Corteva Agriscience
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NuFarm
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Valent BioSciences Corporation
*Disclaimer: Major Players sorted in no particular order
Europe Plant Growth Regulators Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porters Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Cytokinins
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5.1.2 Auxins
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5.1.3 Gibberlins
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5.1.4 Other Types
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5.2 Application
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5.2.1 Crop-based
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5.2.1.1 Grains and Cereals
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5.2.1.2 Pulses and Oilseeds
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5.2.1.3 Fruits and Vegetables
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5.2.1.4 Turf and Ornamentals
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5.2.1.5 Other Crops
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5.2.2 Non-crop-based
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5.2.2.1 Turf and Ornamental Grass
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5.2.2.2 Other Applications
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5.3 Geography
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5.3.1 Germany
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5.3.2 Spain
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5.3.3 Italy
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5.3.4 France
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5.3.5 Russia
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5.3.6 Greece
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5.3.7 Rest Of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Market Share Analysis
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6.2 Most Adopted Strategies
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6.3 Company Profiles
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6.3.1 BASF SE
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6.3.2 Bayer Crop Science
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6.3.3 Corteva Agriscience
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6.3.4 Crop Care Australia Pty Ltd
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6.3.5 Barclay Crop Protection
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6.3.6 Sumitomo Chemical Australia Pty Ltd
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6.3.7 NuFarm Ltd
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6.3.8 Redox Industries ltd
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6.3.9 Fine Americas Inc.
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6.3.10 Valent BioSciences Corporation
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
Europe Plant Growth Regulators Industry Segmentation
Plant growth regulators are chemical compounds, other than nutrients, that modify plant physiological processes. Crop-specific product development has been the major strategy adopted in the plant growth regulator industry to gain better market penetration throughout the world. The Europe Plant Growth Regulators Market is segmented by Type (Cytokinin, Auxins, and Gibberellins), and by Application (Crop-based and Non-crop-based).
| Type | |
| Cytokinins | |
| Auxins | |
| Gibberlins | |
| Other Types |
| Application | |||||||
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| Geography | |
| Germany | |
| Spain | |
| Italy | |
| France | |
| Russia | |
| Greece | |
| Rest Of Europe |
Europe Plant Growth Regulators Market Research FAQs
What is the current Europe Plant Growth Regulators Market size?
The Europe Plant Growth Regulators Market is projected to register a CAGR of 8.30% during the forecast period (2024-2029)
Who are the key players in Europe Plant Growth Regulators Market?
BASF SE, Bayers CropScience, Corteva Agriscience, NuFarm and Valent BioSciences Corporation are the major companies operating in the Europe Plant Growth Regulators Market.
What years does this Europe Plant Growth Regulators Market cover?
The report covers the Europe Plant Growth Regulators Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Plant Growth Regulators Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Plant Growth Regulators Industry Report
Statistics for the 2024 Europe Plant Growth Regulators market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Plant Growth Regulators analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
