세계 식물 성장 조절제(PGR) 시장 규모는 2023년 32억 8,000만 달러에서 2031년 57억 3,000만 달러에 달할 것으로 예상되며, 예측 기간인 2024-2031년 7.22%의 CAGR로 성장할 것으로 예상됩니다.
농업 생산성 향상과 작물 생산량 최적화에 대한 수요가 증가함에 따라 시장은 최근 몇 년 동안 안정적으로 성장하고 있습니다. 농부들과 생산자들은 PGR을 사용하여 식물의 성장을 제어하고, 작물의 품질을 개선하고, 생산량을 늘리고, 가혹한 환경 조건의 영향을 상쇄하기 위해 PGR을 사용하고 있습니다. 또한 원예, 화훼 및 목초지 관리에서 PGR의 사용은 시장 성장을 촉진하고 있습니다. 시장에 영향을 미치는 요인으로는 인구 증가, 식습관 변화, 지속가능한 농업 기술에 대한 요구 등이 있습니다.
그 결과, 식량 수요의 증가와 자원 소비를 줄이면서 농업 생산성을 향상시키고자 하는 열망으로 인해 이 산업은 계속 성장할 것으로 예상됩니다. 또한, 식물 성장 조절제(PGR) 시장은 유기농업의 인기 증가로 인해 확대되고 있습니다. 전통적인 농법에서 유기농법으로 전환하는 농가가 증가함에 따라 PGR, 특히 천연 자원에서 생산된 PGR에 대한 수요가 증가하고 있습니다. 이러한 천연 PGR은 유기농법에 적합하고 환경의 지속가능성을 유지하면서 식물의 성장을 촉진할 수 있기 때문에 수요가 증가하고 있습니다. 또한, 주요 기업들이 연구개발에 투자하고 있기 때문에 향후 PGR 시장은 농업 생산과 지속가능성을 향상시킬 수 있는 큰 기회가 될 것입니다.
예를 들어, 미국 농무부(USDA)는 2022년 7월 유기농 전환 이니셔티브(Organic Transition Initiative, OTI)를 출범했습니다. 이 3억 달러 규모의 투자는 유기농 전환에 관심이 있는 농부들에게 기술 지원을 제공하는 것입니다.
농업 부문의 기술 발전
기술 혁신은 농업 부문, 특히 식물 성장 조절제(PGR) 시장에 변화를 가져왔습니다. 이러한 발전은 보다 효과적이고 효율적인 PGR을 생산할 수 있는 길을 열어 작물 생산량을 늘리고, 작물의 품질을 개선하며, 환경적 스트레스 요인을 완화하는 데 중요한 역할을 하고 있습니다. 정밀 농업은 시장에서 식물 성장 조절제(PGR)에 대한 수요를 촉진하는 데 도움이 되고 있습니다. 현대의 전략은 자원 활용을 개선하고, 환경에 미치는 영향을 줄이며, 작물 생산량을 증가시키는 혁신적인 기술에 크게 의존하고 있습니다. 이러한 상황에서 PGR은 정밀 농업의 필수 요소로 진화하여 농부들이 최적의 농업 성과를 달성할 수 있도록 돕고 있습니다. 이에 따라 전 세계 식물 성장 조절제(PGR) 산업은 특히 보호적 특성을 가진 PGR에 대한 수요가 증가하고 있습니다. 더 많은 농부들이 PGR을 농법에 통합하는 것의 이점을 인식함에 따라 새롭고 효율적인 식물 성장 조절제(PGR)에 대한 수요가 증가할 것으로 예상됩니다.
예를 들어, Sumitomo Chemical Co., Ltd.는 2023년 3월 인도 히마찰 프라데시 주에서 식물 성장 조절제 '프로말린'을 출시했습니다. 이는 사과 생산자들에게 획기적인 제품으로, 히말차르프라데시, 잠무카슈미르, 우타라칸드 주에서 사과 생산량을 증가시킬 것으로 예상됩니다.
지속가능한 농법 채택
유기농법과 온실, 유리온실과 같은 새로운 실내 농법이 점점 더 인기를 끌고 있습니다. 이러한 접근 방식은 자원 효율성을 우선시하고 환경에 미치는 영향을 줄이고 작물의 건강한 발달을 촉진하기 때문에 지속가능한 농업의 이상에 완벽하게 부합합니다. 식물 성장 조절제(PGR)는 환경 스트레스 요인을 줄이고 작물의 저항력을 높여 작물 생산량을 증가시켜 작물 생산량을 촉진합니다. 농부들은 PGR을 사용하여 생산량을 늘리고 투입물 관리를 최적화하여 전체 농업 부문의 생산성에 큰 기여를 할 수 있습니다.
예를 들어, 2024년 2월 트리푸라 주 정부의 농업 및 농민 복지부 장관은 인도 트리푸라 주에서 유기 농업을 촉진하기 위해 두 개의 새로운 유기 농업 연구 기관을 설립할 것이라고 발표했습니다.
이 보고서는 세계 식물 성장 조절제(PGR) 시장에 대해 조사 분석했으며, 시장 규모와 예측, 시장 역학, 주요 기업 현황 및 전망 등의 정보를 전해드립니다.
Global plant growth regulators market is projected to witness a CAGR of 7.22% during the forecast period 2024-2031, growing from USD 3.28 billion in 2023 to USD 5.73 billion in 2031. Plant growth regulators, or PGRs, are chemicals that regulate plant growth and development. They alter features such as enhanced branching, shoot growth suppression, return bloom increase, excess fruit removal, or fruit maturity. Furthermore, various factors influence the performance of plant growth regulators, including how well the plant absorbs the chemical, the vigor and age of the tree, dosage timing, and the weather conditions before, during, and after application.
The market for plant growth regulators has grown steadily in recent years, driven by rising demand for increased agricultural productivity and crop yield optimization. Farmers and growers employ PGRs to control plant growth, improve crop quality, increase yield, and offset the effects of harsh environmental conditions. Furthermore, using PGRs in horticulture, floriculture, and grass management has boosted market growth. Factors influencing the global market for plant growth regulators include population increase, changing dietary choices, and the need for sustainable agriculture techniques.
As a result, the industry will likely continue growing, driven by rising food demand and the desire to increase agricultural productivity while reducing resource consumption. Additionally, the plant growth regulators market is expanding due to the growing popularity of organic farming. As more farmers switch from traditional to organic agricultural methods, there is an increased demand for PGRs, particularly those generated from natural resources. These natural PGRs are sought after as they are compatible with organic agricultural practices and can promote plant growth while maintaining environmental sustainability. Furthermore, with major players investing in research and development, the future market for PGRs appears favorable, with great opportunities to improve agricultural production and sustainability.
For example, in July 2022, the United States Department of Agriculture (USDA) launched Organic Transition Initiative (OTI). This USD 300 million investment offers technical assistance to producers interested in transitioning to organic farming.
Technological Advancements in the Agriculture Sector
Technical innovations have altered the agricultural sector, particularly the market for plant growth regulators. These advances have paved the way for creating more effective and efficient PGRs, which play an important role in increasing crop output, improving crop quality, and mitigating environmental stress factors. Precision farming has helped to drive up demand for plant growth regulators in the market. The modern strategy relies largely on innovative technology to improve resource utilization, reduce environmental impact, and increase crop yields. In this setting, PGRs have evolved into an essential component of precision farming, assisting farmers in achieving optimal agricultural results. Thus, the global plant growth regulators industry is seeing increased demand, particularly for PGRs with protective qualities. As more farmers recognize the benefits of integrating PGRs into their farming methods, the demand for new and efficient plant growth regulators is expected to increase.
For instance, in March 2023, Sumitomo Chemical Co., Ltd. launched a plant growth regulator called Promalin in Himachal Pradesh, India. It is a game-changer for apple growers and is expected to boost the production of apples in Himachal Pradesh, Jammu & Kashmir, and Uttarakhand.
Adoption of Sustainable Farming Methods
Organic farming and novel indoor farming methods, such as greenhouses and glass houses, are becoming increasingly popular. These approaches perfectly align with sustainable agriculture's ideals, as they prioritize resource efficiency, reduce environmental impact, and promote healthy crop development. Plant growth regulators stimulate crop yield by reducing environmental stressors and increasing crop resistance. Farmers can use PGRs to improve yields, optimize input management, and greatly contribute to the agricultural sector's overall productivity.
For instance, in February 2024, The Agriculture and Farmer's Welfare Minister of the state government of Tripura, announced the establishment of two new organic farming research institutes to boost organic farming in Tripura, India.
Auxins Dominate the Market
Auxins are a class of plant growth regulators that control many aspects of plant development, including cell division and vascular tissue production. They are essential in stimulating root initiation, enabling shoot maturation, and preserving apical dominance, which refers to the main stem's inclination to grow taller while not forming side branches. Furthermore, Auxins help fruits develop and ripen by controlling cell expansion, cell division, and hormone synthesis. Given their critical function in plant growth and development, auxins are projected to be the primary driver of the global plant growth regulators market. Their versatile application and modulation capabilities make them an indispensable tool for farmers, horticulturists, and researchers.
For instance, in December 2022, Krishak Bharati Cooperative (KRIBHCO) launched SIVARIKA, a seaweed bio simulant. Its granules are fortified with seaweed extract derived from red and brown algae. It functions as a metabolic bioenhancer containing proteins, carbohydrates, inorganic salts and other nutrients, vitamins, and plant growth hormones, including auxins, cytokinin, gibberellins, etc.
Europe Dominates Plant Growth Regulator Market
Europe dominates the global plant growth regulators market due to the region's increased embrace of sustainable agriculture techniques. Europe has a robust agricultural business producing diverse commodities, including fruits, vegetables, grains, and ornamentals. Farmers and producers in the region are employing innovative agricultural strategies to improve crop output, quality, and sustainability. Plant growth regulators have been crucial in reaching these objectives. European farmers increasingly use PGRs to control plant growth, increase fruit and vegetable yields, and improve crop uniformity.
Furthermore, Europe's well-established horticulture industry, which includes floriculture and vineyards, relies heavily on PGRs to deliver high-quality harvests while meeting market demands. Furthermore, European pesticide and herbicide use is governed by tight rules and standards. Plant growth regulators are considered safer and more ecologically friendly crop management tools. Farmers are drawn to PGRs because of the region's emphasis on sustainable agriculture and low chemical inputs. European authorities have aggressively encouraged the responsible use of PGRs, accelerating their uptake. These efforts have helped to advance the growth and development of plant growth regulators in the region.
For instance, in January 2023, the European Union launched the NUTRI-KNOW initiative, which aims to modernize the agricultural industry by gathering data from 11 organizations in six countries, including Spain, Belgium, Ireland, and Italy. The groups have developed a variety of solutions, including technologies, tools, fertilizer products, and recommendations for the sustainable farming value chain.
Future Market Scenario (2024 - 2031F)
Increasing investment in the agriculture sector and the increasing trend of organic farming is expected to boost the demand for plant growth regulators.
Global demand for all crops, including cereals and grains, is increasing as the world's population grows and consumer lifestyles change, likely boosting the global plant growth regulators market.
Technological breakthroughs such as new growth hormones and nano sensors for rapid testing of PGRs have the potential to change agricultural productivity, which is projected to fuel market growth in the future.
Key Players Landscape and Outlook
Major market players in global plant growth regulators market are eager to introduce new crop-targeted goods, especially in the fruit and vegetable category. Market leaders invest in R&D for affordable and effective products. Multinational corporations employ strategic techniques such as mergers and acquisitions to expand their footprint in developing markets.
In January 2023, Valiant Biosciences LLC announced the acquisition of FBSciences Holding, Inc. With the acquisition, Valent BioSciences and its parent company, Sumitomo Chemical Co., Ltd., have expanded their product portfolio with integrated biorational solutions, such as bio stimulants, biopesticides, and crop nutrition solutions.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.