Plant Growth Regulators Market Size, Share, Growth Analysis, By Crop Type(Cereals & Grains ( Corn, Wheat, Rice, Other Cereals & Grains )), By Function(Plant Growth Inhibitors, and Plant Growth Promoters), By Formulation(Water-dispersible & Water-Soluble Granules, Wettable Powder, and Solutions), By Type(Cytokinins, Auxins, Gibberellins, Ethylene), By Region - Industry Forecast 2024-2031

Global Plant Growth Regulators Market size was valued at USD 4.06 billion in 2022 and is poised to grow from USD 4.46 billion in 2023 to USD 9.53 billion by 2031, growing at a CAGR of 9.94% during the forecast period (2024-2031).

Plant growth regulators are chemical compounds that regulate various aspects of plant growth and development. They are commonly used in agriculture to increase crop yield, improve quality, and manage plant growth. These regulators can be synthetic or naturally occurring and can influence a range of plant functions, such as cell division, elongation, and differentiation. They are commonly applied to seeds, foliage, and roots, and can be used to stimulate or inhibit growth, promote fruiting, or enhance stress tolerance. Plant growth regulators have become an important tool in modern agricultural practices, helping farmers to optimize crop production and reduce environmental impact. The report also states that the Asia Pacific market is expected to witness the highest growth rate during the forecast period, driven by the increasing demand for food and the adoption of modern agricultural practices. The market is highly competitive, with many players focusing on increasing their product portfolios and market presence in emerging economies.

US Plant Growth Regulators Market is poised to grow at a sustainable CAGR for the next forecast year.