South America Plant Growth Regulators Market Size (2024 - 2029)

The South America Plant Growth Regulators Market is experiencing growth driven by the increasing demand for sustainable agricultural practices. However, the market's expansion is somewhat hindered by the limited awareness among farmers regarding the use and application of these regulators. Within the region, cereals and oilseeds represent the primary consumers of plant growth regulators, with fruits and vegetables also contributing to the market size.

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Market Size of South America Plant Growth Regulators Industry

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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.60 %
Market Concentration High

Major Players

South America Plant Growth Regulators Market Major Players

*Disclaimer: Major Players sorted in no particular order

South America Plant Growth Regulators Market Analysis

South America Plant Growth Regulators Market is projected to grow at a CAGR of 5.6% during the foreccast period (2020-2025). The increase in demand for sustainable agricultural practises is driving the market growth for plant growth regulators in the region. Less awareness among the farmers about the use and application of plant growth regulators is restraining the growth of the market. Cereals and oilseeds are the major consumers of plant growth regulators followed by fruits & Vegetables in the region.

South America Plant Growth Regulators Industry Segmentation

Plant growth regulators are chemical compounds, other than nutrients, that modify plant physiological processes. Crop-specific product development has been the major strategy adopted in the plant growth regulator industry to gain better market penetration in South America.

Type
Cytokinins
Auxins
Gibberlins
Other Types
Application
Crop-based
Grains and Cereals
Pulses and Oilseeds
Fruits and Vegetables
Turf and Ornamentals
Other Crops
Non-crop-based
Turf and Ornamental Grass
Other Applications
Geography
Brazil
Argentina
Rest of South America
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South America Plant Growth Regulators Market Size Summary

The South America plant growth regulators market is experiencing a notable expansion, driven by the increasing demand for sustainable agricultural practices. This growth is particularly evident in the use of plant growth regulators to enhance crop yields and improve crop management. Despite the potential benefits, the market faces challenges due to limited awareness among farmers regarding the application and advantages of these regulators. Cereals and oilseeds are the primary consumers of plant growth regulators in the region, followed by fruits and vegetables. The application of these regulators has proven beneficial in various agricultural processes, such as orchard management, where they help in managing fruit yield and size, thereby improving marketability and reducing unmarketable produce. This has also facilitated easier harvesting and reduced labor costs, contributing to increased crop profitability.

Brazil stands out as a significant consumer of plant growth regulators in South America, with a strong focus on sustainable agriculture driving market growth. The country sees a major share of these regulators used in cereals and oilseeds, followed by fruits and vegetables. Key industry players like BASF SE, Bayer Crop Science AG, Microquimica Tradecorp, and NuFarm Ltd are actively operating in the region, enhancing their market presence by introducing products tailored to local agricultural needs. For example, NuFarm Ltd's launch of the Impulse brand in Brazil exemplifies the strategic efforts by these companies to meet the demands of Brazilian farmers, focusing on applications such as inhibiting flowering and stimulating sugarcane growth.

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South America Plant Growth Regulators Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Cytokinins

      2. 2.1.2 Auxins

      3. 2.1.3 Gibberlins

      4. 2.1.4 Other Types

    2. 2.2 Application

      1. 2.2.1 Crop-based

        1. 2.2.1.1 Grains and Cereals

        2. 2.2.1.2 Pulses and Oilseeds

        3. 2.2.1.3 Fruits and Vegetables

        4. 2.2.1.4 Turf and Ornamentals

        5. 2.2.1.5 Other Crops

      2. 2.2.2 Non-crop-based

        1. 2.2.2.1 Turf and Ornamental Grass

        2. 2.2.2.2 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Brazil

      2. 2.3.2 Argentina

      3. 2.3.3 Rest of South America

South America Plant Growth Regulators Market Size FAQs

The South America Plant Growth Regulators Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)

BASF SE, Bayer Crop Science AG, NuFarm Ltd and Microquimica Tradecorp are the major companies operating in the South America Plant Growth Regulators Market.

South America Plant Growth Regulators Market Report Snapshots

South America Plant Growth Regulators Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)