Plant growth regulators (PGR) are those organic compounds which modify and control the physiological processes in a plant. They are of two types - natural or synthetic. The global market for plant growth regulators has shown remarkable progress in recent years and is also showing attractive market potential for the future. The global PGR market is showing great demand in China. China is a manufacturing hub for the PGR market and exports about 60% of its total production. Total output of plant growth regulators in China was registered at USD 256 million in 2009 and is expected to grow in future.
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The global PGR market could be segmented into three major categories, on the basis of types into: Auxins, Gibberalins, Cytokinnins, Ethylene and Abscisic acid, on the basis of end users into: olericulture, floriculture, pomology, nursery propagation and landscape horticulture, on the basis of applications into: vitro, crop production, post harvest technology, physiology and biochemistry. The market is further segmented by geography into North America, Europe, Asia Pacific and rest of the world regions. The global PGR market is driven by factors such as increasing globalization, rising research and development in agrochemicals and changing lifestyles. Emerging innovative technologies in agriculture and emerging market trends will also act as drivers for the global PGR market.
Some of the key players dominating the global PGR market are Bayer Crop Science, Changzhou Wanxiang Chemicals Co.Ltd, Yancheng Wanxiang Chemicals Co. Ltd, Suzhou Yacoa Chemicals Reagent Co.Ltd, Bluegreen Group company Limited, Xinyi h.k Industrial Co. Ltd, Jiangsu Sevencontinent Green Chemical Co., Ltd., Jiangsu Anpon Electrochemical Co., Ltd., Zhengzhou Zhengshi Chemical Co., Ltd., Yancheng Limin Chemical Co., Ltd., Jiangsu Hormone Research Institute Co., Ltd., Sichuan Guoguang Agrochemical Co., Ltd. and Jiangsu Sword Agrochemicals Co., Ltd.
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