PUBLISHER: Verified Market Research | PRODUCT CODE: 1738738
PUBLISHER: Verified Market Research | PRODUCT CODE: 1738738
The growing demand for plant growth regulators is driven by several factors, including the need to enhance crop yields and quality in the face of a growing global population and limited arable land; the need to improve crop resistance to environmental stresses such as drought, salinity, and pests; The market size surpass USD 7.27 Billion valued in 2024 to reach a valuation of around USD 16.14 Billion by 2032.
The emphasis on chemical-free agriculture practices; the growing demand for high-quality fruits and vegetables; and the increasing usage of plant growth regulators in horticulture and landscaping applications. The rising demand for cost-effective and efficient plant growth regulators is enabling the market grow at a CAGR of 11.56% from 2026 to 2032.
Plant Growth Regulators Market: Definition/ Overview
Plant Growth Regulators (PGRs) are naturally occurring or manufactured chemicals that affect plant growth and development by modifying physiological processes. They are divided into five categories: auxins, gibberellins, cytokinins, ethylene, and abscisic acid, with each influencing a particular element of plant growth, such as cell division, root formation, flowering, and fruit ripening. PGRs are frequently employed in agriculture and horticulture to increase crop output, improve quality, and regulate development patterns, such as promoting uniform ripening or preventing excessive plant height.
Plant growth regulators are expanding as a result of the rising need for sustainable agricultural techniques and greater food production to fulfill the needs of a growing world population. As climate change and land degradation present difficulties to traditional farming, PGRs are predicted to play an important role in boosting crop resilience and yield under stress circumstances such as drought or salinity.
PGR usage in organic farming and precision agriculture is also expected to increase, spurred by biotechnology developments and a greater emphasis on environmentally friendly farming solutions. Research into producing more efficient, targeted, and environmentally friendly PGR formulations is expected to fuel market expansion in the coming years.
The increasing demand for crop yield improvement is a major driver of the plant growth regulators market. As global food demand rises, agricultural production is under intense pressure to satisfy it. According to the Food and Agriculture Organization (FAO), globally food production will need to expand by 70% by 2050 to feed the world's rising population. Plant growth regulators play an important role in increasing agricultural yields by boosting plant development and resilience to environmental challenges, making them indispensable instruments for attaining productivity targets. Their ability to maximize growth and increase crop efficiency puts them as essential answers to food security issues.
Climate change mitigation is propelling the plant growth regulators market. According to the Intergovernmental Panel on Climate Change (IPCC), climate change threatens to diminish crop yields by up to 25% by 2050, making it increasingly important to strengthen crop resistance to environmental shocks. Plant growth regulators are increasingly being studied and used to create climate-resilient crop types, making them critical for maintaining agricultural productivity in changing environmental conditions.
Competition from natural alternatives is likely to have an influence on the market for plant growth regulators. As consumer demand for organic and environmentally friendly farming techniques grows, natural alternatives such as organic fertilizers and bio-based growth boosters are becoming more popular. These alternatives are seen as safer and more sustainable than synthetic plant growth regulators, causing a shift in preferences among environmentally aware farmers and producers. This increased desire for natural alternatives hinder the use of synthetic plant growth regulators, thereby affecting market growth.
Climate change is expected to have an influence on the market for plant growth regulators. Crops are becoming more susceptible as climate change increases environmental pressures such as drought, heat, and unpredictable weather patterns, potentially reducing agricultural productivity significantly. This has increased the demand for plant growth regulators, which help improve crop resilience and adaptation to stresses. The desire to prevent the negative consequences of climate change is driving the adoption of plant growth regulators, which is an essential element in the market's growth.
The Auxins segment is currently leading the plant growth regulators market. Controlling weed growth will drive the auxin section of the plant growth regulators market. Auxins, specifically synthetic auxins, are commonly employed as herbicides to regulate and limit weed development by disrupting undesirable plant growth processes while causing no harm to crops. The growing requirement for effective weed management in agriculture to increase crop yields and reduce resource competition is driving the demand for auxin-based solutions. Weed management is a key driver of growth for the auxins industry, as farmers look for ways to improve field efficiency and output.
The ease of access to auxins by farmers and horticulturists is driving the expansion of the auxins sector in the plant growth regulators market. Auxins are widely available in a variety of formulations and are reasonably priced, making them readily available to farmers and horticulturists for crop management and growth optimization. This accessibility facilitates widespread acceptance, particularly in agriculturally active regions where auxins are employed to promote root formation, regulate plant growth, and inhibit weed growth. The simplicity and cost of these products are important elements driving their greater use, which supports the expansion of the auxins segment.
Cereals are emerging as the fastest-growing segment within the plant growth regulators market. Driving agricultural economies will benefit the cereals segment of the plant growth regulators market. Cereals are staple crops in many agricultural countries, therefore boosting productivity is essential for both economic growth and food security. Plant growth regulators boost the productivity, quality, and resilience of cereal crops including wheat, rice, and maize by promoting growth and alleviating environmental stress. As agricultural economies strive to maximize cereal production to satisfy rising global food demand and support economic development, the use of plant growth regulators in cereal farming is likely to increase, making it a key driver for the cereals industry.
The cereals segment of the plant growth regulators market is driven by the desire to increase yields, improve grain quality, and increase resilience to environmental challenges. Plant growth regulators are crucial in cereal farming as they boost output, improve grain quality, and increase resilience to diseases and adverse circumstances. This makes them critical tools for farmers wanting to increase yield while maintaining crop health, fueling demand in the cereals segment.
North America dominates the plant growth regulators market. Advanced agricultural practices in North America are propelling the growth of the Plant Growth Regulators (PGR) market. Precision agriculture technologies, which are employed on more than 60% of corn and soybean acres and include GPS-based yield monitoring in 70% of fields, are driving up demand for PGRs to improve crop yields and quality. The advent of controlled environment agriculture (CEA) and a growing emphasis on sustainable farming techniques are driving up PGR consumption. With climate change posing a serious threat to agricultural output, the need for PGRs to generate climate-resilient crops grows, positioning North America as a key contributor to the projected USD 3.3 Billion global market by 2025.
Strong research and development in North America is propelling the Plant Growth Regulators (PGR) market. The US leads the world in agricultural sciences, with large USDA spending, including USD 1.7 Billion in 2021 for crop development and stress tolerance initiatives. This R&D focus is driving new PGR formulations, which are expected to contribute to a USD 3.5 Billion global market expansion by 2025. Furthermore, increased demand for sustainable and bio-based PGRs, combined with the requirement for climate-resilient crops, is accelerating regional innovation.
Asia-Pacific is emerging as the fastest-growing region within the plant growth regulators market. Rapid population expansion in the Asia-Pacific region is driving the Plant expansion Regulators (PGR) market, owing to rising food consumption, which necessitates increased agricultural output. As the population is expected to grow from 4.3 billion in 2020 to 4.7 billion by 2050, agricultural industries will face enormous pressure to increase food production. The Food and Agriculture Organization (FAO) forecasts that a 77% increase in food production is required by 2050, highlighting the critical need for innovations such as PGRs to improve crop yields. Countries such as China and India are implementing modern agricultural technologies, aided by government initiatives, to satisfy food security objectives, boosting PGR market growth.
The growing awareness in the Asia Pacific region is propelling the Plant Growth Regulators (PGR) market forward. The Asia-Pacific Association of Agricultural Research Institutions (APAARI) reports that farmer education initiatives have reached over 100 million smallholder farmers, greatly increasing PGR adoption rates. The Food and Agriculture Organization (FAO) predicts that proper PGR use can raise crop yields by 10-25%, prompting increased investment in these technologies. Notably, China's PGR use increased by 15% year on year in 2022, while India's increased by 30% between 2018 and 2022, owing to government measures and awareness campaigns.
The Plant Growth Regulators market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the plant growth regulators market include: