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Plant Activators Market Growth Opportunities by 2023

(, November 20, 2021 ) The plant activators market stood at USD 597.14 Million in 2017; it is projected to grow at a CAGR of 6.6% from 2018, to reach USD 878.38 Million by 2023. The base year considered for the study is 2017 and the forecast period is from 2018 to 2023. The main objective of the report is to define, segment, and project the global market size for plant activators on the basis of crop type, source, form, mode of application, and region. It also helps to understand the structure of the market by identifying its various segments. The other objectives include analyzing the opportunities in the market for stakeholders and providing a competitive landscape of market trends, analyzing the macro and micro indicators of this market, and projecting the size of the plant activators market and its submarkets, in terms of value as well as volume.

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Key participants in the plant activators market are manufacturers, irrigation system manufacturers & suppliers, end users, and retail channels/supermarkets. The key players that are profiled in the report include Syngenta (Switzerland), Isagro (Italy), Plant Health Care (US), Arysta LifeScience (US), Nihon Nohyaku Co., Ltd. (Japan), Meiji Seika (Japan), Certis (US), Gowan (US), Futureco Bioscience (Spain), NutriAg (Canada), and Eagle Plant Protect Pvt. Ltd. (India).

This report is targeted at the existing stakeholders in the industry, which include the following:

Regulatory and research organizations

Raw material producers, suppliers, and distributors

Plant activators manufacturers, traders, distributors, and dealers

Irrigation system manufacturers and suppliers

Research and consulting firms

On the basis of crop type, the fruits & vegetables segment accounted for the largest market share; this can be attributed to growing health-consciousness among consumers and rising incomes which result in increased consumption of a wide variety of products, particularly fruits & vegetables. The rise in the production of fruits & vegetables results in an increased demand for plant activators. The high export potential of these products has also led to an increase in production levels. In North America and Europe, health concerns are driving the demand for organic fruits & vegetables, as consumers prefer healthier and more nutritious options in their diet.

On the basis of form, the market was led by the solutions segment in 2017. Solution compositions, also known as flowable concentrates, are mainly in the form of emulsifiable suspensions or soluble liquid concentrates. Solution formulations are mainly preferred as they do not cause dust formation on spraying, do not cause toxicity or flammability, provide high efficiency due to smaller particle size, and low packaging volume. Moreover, foliar spray is the most widely used mode of application owing to its ease of application and high effectiveness.

Europe accounted for the largest market share for plant activators in 2017. Owing to the decreasing agricultural land in Europe, optimization of available arable land has gained increasing importance in the region, which, in turn, drives the demand for plant growth regulators. Plant activators have been receiving wide-scale acceptance as they are expected to increase long-term agricultural productivity and help realize the goal of food self-adequacy.

The Asia Pacific region is an emerging market with investments from several multinational manufacturers, especially in countries such as China, New Zealand, and Japan.

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The availability of plant activator products still remains limited in the market, due to different regulations being prevalent in different countries. Moreover, there is a high dependence on chemical products in developing regions. These factors are expected to restrain the growth of the plant activators market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst


Mr. Aashish Mehra


Source: EmailWire.Com

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