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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