
Region:Europe
Author(s):Yogita Sahu
Product Code:KROD9772
December 2024
82

By Type: The market is segmented by type into cytokinins, auxins, gibberellins, ethylene, and abscisic acid. Among these, cytokinins hold a dominant market share due to their widespread use in enhancing plant tolerance to water deficiencies and protecting nitrogen assimilation processes during periods of stress. This demand for cytokinins has been growing as they are increasingly employed in fruit and vegetable farming, as well as in cereals and grains, to improve plant growth and development under harsh environmental conditions.

By Crop Type: The market is also segmented by crop type into fruits and vegetables, grains and cereals, oilseeds and pulses, and turf and ornamental grasses. In this segment, fruits and vegetables dominate the market. The extensive use of plant growth regulators in this sub-segment is primarily driven by the need to enhance crop yield and improve post-harvest qualities such as shelf life, color, and ripening. Europes focus on high-quality organic produce, particularly in countries like Spain and Italy, fuels the demand for these products in the fruits and vegetable segment.

The market is highly competitive, with major players investing in research and development to enhance their product portfolios and expand their market presence.
|
Company Name |
Establishment Year |
Headquarters |
R&D Investment |
Sustainability Focus |
Global Presence |
Key Product |
Market Strategy |
|
BASF SE |
1865 |
Ludwigshafen, Germany |
|||||
|
Bayer Crop Science |
1863 |
Leverkusen, Germany |
|||||
|
Corteva Agriscience |
2019 |
Wilmington, U.S. |
|||||
|
FMC Corporation |
1883 |
Philadelphia, U.S. |
|||||
|
Syngenta Group |
2000 |
Basel, Switzerland |
Over the next five years, the Europe Plant Growth Regulators industry is expected to grow steadily, driven by the region's increasing focus on sustainable farming practices and the rising adoption of bio-based solutions.
|
By Type |
Cytokinins Auxins Gibberellins Ethylene Abscisic Acid Others |
|
By Crop Type |
Fruits & Vegetables Grains & Cereals Oilseeds & Pulses Turf & Ornamentals Others |
|
By Application |
Seed Treatment Foliar Spray Soil Drenching Others |
|
By Formulation |
Liquid Formulation Solid Formulation |
|
By Region |
North East West South |
1.1. Definition and Scope
1.2. Market Taxonomy
1.3. Market Growth Rate (Influence of EU Agricultural Policies)
1.4. Market Segmentation Overview
2.1. Historical Market Size (Impact of Organic Farming Growth)
2.2. Year-On-Year Growth Analysis
2.3. Key Market Developments and Milestones
3.1. Growth Drivers
3.1.1. Increasing Organic Farming Adoption
3.1.2. Regulatory Support for Sustainable Farming (EU's Green Deal)
3.1.3. Rising Demand for High-Quality Crops
3.1.4. Innovations in Crop-Specific PGR Products
3.2. Market Challenges
3.2.1. Complex Regulatory Compliance (Product Registration)
3.2.2. Limited Farmer Awareness of PGR Benefits
3.2.3. High Product Costs for Small-Scale Farmers
3.2.4. Lower Yield Compared to Chemical Fertilizers
3.3. Opportunities
3.3.1. Growth of Bio-Based PGRs
3.3.2. Precision Agriculture Adoption
3.3.3. Increased Focus on Sustainable Crop Practices
3.3.4. Technological Advancements in Nanotechnology
3.4. Trends
3.4.1. Demand for Multi-Component Formulations
3.4.2. Integration with Digital Agriculture Technologies
3.4.3. Rise of Bio-Stimulants and Eco-Friendly Solutions
4.1. By Type (in Value %)
4.1.1. Cytokinins
4.1.2. Auxins
4.1.3. Gibberellins
4.1.4. Ethylene
4.1.5. Abscisic Acid
4.1.6. Others
4.2. By Crop Type (in Value %)
4.2.1. Fruits and Vegetables
4.2.2. Grains and Cereals
4.2.3. Oilseeds and Pulses
4.2.4. Turf and Ornamentals
4.3. By Application (in Value %)
4.3.1. Seed Treatment
4.3.2. Foliar Spray
4.3.3. Soil Drenching
4.4. By Formulation (in Value %)
4.4.1. Liquid Formulation
4.4.2. Solid Formulation
4.5. By Region (in Value %)
4.5.1. North
4.5.2. East
4.5.3. West
4.5.4. South
5.1. Detailed Profiles of Major Companies
5.1.1. BASF SE
5.1.2. Bayer Crop Science
5.1.3. Corteva Agriscience
5.1.4. Syngenta Group
5.1.5. FMC Corporation
5.1.6. Nufarm
5.1.7. Tata Chemicals Ltd.
5.1.8. UPL
5.1.9. Sumitomo Chemical
5.1.10. Nippon Soda Co. Ltd.
5.1.11. Sipcam Oxon Spa
5.1.12. De Sangosse
5.1.13. DHANUKA AGRITECH LTD
5.1.14. Sichuan Guoguang Agrochemical
5.1.15. Zagro
5.2. Cross Comparison Parameters (Revenue, Product Portfolio, Global Presence, Innovation Focus)
5.3. Market Share Analysis
5.4. Strategic Initiatives
5.5. Mergers & Acquisitions
5.6. R&D Investment Analysis
6.1. EU Green Deal Agricultural Policies
6.2. Compliance with European Commission Regulations (Authorization, Registration)
6.3. Environmental Safety Standards
7.1. Future Market Size Projections
7.2. Key Drivers of Future Market Growth (Sustainability Practices, Rising Consumer Demand)
8.1. By Type (in Value %)
8.2. By Crop Type (in Value %)
8.3. By Application (in Value %)
8.4. By Formulation (in Value %)
8.5 By Region (in Value %)
9.1. TAM/SAM/SOM Analysis
9.2. Customer Cohort Analysis
9.3. Market Entry Strategies
9.4. White Space Opportunities
The first step involves mapping out key stakeholders in the Europe Plant Growth Regulators Market. This is achieved through desk research, utilizing secondary databases to gather relevant information. The main objective here is to define critical variables influencing the market, including regulatory changes and technological advancements in precision agriculture.
In this phase, historical data on the use of plant growth regulators is analyzed, with a focus on understanding the adoption rates across different segments such as fruits, vegetables, and cereals. This also includes assessing supply chain dynamics and distribution networks within Europe.
The market hypotheses are validated through interviews with industry experts, including large-scale farmers, agrochemical manufacturers, and regulatory bodies. These consultations provide insights into the operational aspects of the market and validate the growth projections.
The final phase involves synthesizing data obtained from primary and secondary sources to create a comprehensive analysis of the Europe Plant Growth Regulators market. This includes evaluating product segments, market drivers, and competitive strategies employed by leading players.
The Europe Plant Growth Regulators market is valued at USD 1.45 billion, with growth driven by the region's focus on sustainable farming and the adoption of bio-based products.
Challenges in the Europe Plant Growth Regulators market include stringent regulatory requirements for product registration, lack of awareness among small-scale farmers, and competition from chemical fertilizers.
Key players in the Europe Plant Growth Regulators market include BASF SE, Bayer Crop Science, Corteva Agriscience, FMC Corporation, and Syngenta Group. These companies dominate due to their strong R&D capabilities and wide distribution networks.
The Europe Plant Growth Regulators market is driven by the increasing demand for organic farming products, advancements in crop-specific PGR formulations, and the adoption of precision agriculture technologies.
The Europe Plant Growth Regulators market is expected to grow steadily over the next five years, with increasing government support for sustainable farming and innovations in bio-based PGR products.
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