Plant Growth Regulators Market: By Type (Gibberellins, Cytokinins, Auxins, Abscisic acid, Ethylene) and Geography  

Plant Growth Regulators Market size was valued at USD 6.1 billion by 2023 and grew at a CAGR of 5.5% from 2024-2030. Plant growth regulators are natural or synthetic chemicals that are sprayed or otherwise applied to a seed or plant in order to alter its characteristics. They are sometimes referred to as plant hormones.  Farmers can add plant growth regulators to crops in order to achieve a desirable goal, ranging from increasing insect and disease resistance to increasing root strength. Some plant growth regulators are used to stunt growth. Growth regulators can be either organic or synthetic. Organic sources of the plant growth regulators include naturally sourced amendments such as seaweed and liquid kelp. Commercial growers like nurseries generally use synthetic growth regulators. The promotion of modern agricultural practices to sustain the increasing population combined with government policies involving various countries are favoring the growth of the plant growth regulators market. The global Plant growth regulators market is having less consolidation owing to the presence of few companies globally. Companies are also adopting several growth strategies like acquisitions, mergers, collaborations, agreements new product launches, etc.

 Plant Growth Regulators Market Key Developments:

In July 2017, Crystal Crop Protection launched an innovative range of insecticides, fungicides, and plant growth regulators in Delhi.