Market Trends of Asia-Pacific Plant Growth Regulators Industry
This section covers the major market trends shaping the APAC Plant Growth Regulators Market according to our research experts:
Increasing Organic Framing Drives the Market.
Plant growth regulators are essential in organic farming to promote the growth of the plants. Organic plant growth regulators such as seaweed plant growth promoters have been using in organic farming extensively. The popularity for organic farming has been continuously growing in some major countries like India, China, Australia, etc,. Therefore growing organic agriculture combined with the demand for organic food is anticipated to push the market further in the coming years.
Need for Sustainable Farming
Plant growth regulators play a key role in the minimization of environmental stress and expanding the yield of crops. The growing population and limited land availability can cause significant food scarcity across the region and it is already seen in some parts of the Asian countries. In order to increase crop productivity, sustainable farming became mandatory. Thus, the application of plant growth regulators, which is one of the components of sustainable farming is anticipated to increase in the coming years.
