Agribusiness

  Plant Growth Regulators Market Expected to Reach USD 6.7 Billion by 2030 The plant growth regulators market was valued at USD 3.4 billion in 2022 and is projected to show significant growth, reaching USD 6.7 billion by 2030. This translates to a compound annual growth rate (CAGR) of 10.2% during the forecast period (2023-2030). Plant growth regulators, also known as PGRs, are used to promote or inhibit plant growth. The global plant growth regulators market is a highly fragmented market with numerous small-scale and large-scale players operating in both regional and international market. Owing to which the market is exhibiting intense competition among the players. In order to gain a competitive edge, market players are differentiating their products based on product quality, shelf-life, ease of application, price, and product effectiveness among few other attributes. In addition, prominent vendors are also focusing on mergers & acquisitions, new product launches, and expansi...

  Plant Growth Regulators Market Outlook The  Plant Growth Regulators Market Size  reached USD 3.4 billion in 2022 and is poised for substantial growth. Industry projections indicate an increase from USD 3.7 billion in 2023 to USD 6.7 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 10.2% from 2023 to 2030. The escalating demand for premium food grains is a key driver behind this growth, with the market expected to witness significant expansion in the coming years. According to the Indian Council for Agricultural Research (ICAR), the consumption of food grains in India is projected to reach 345 million tonnes by 2030, further fueling market growth.   Plant growth regulators, also known as PGRs, are used to promote or inhibit plant growth. The global plant growth regulators market is a highly fragmented market with numerous small-scale and large-scale players operating in both regional and international market. Owing to which the market is ex...