Crop growth regulators (CGRs) are widely used and offer a variety of benefits in modern agriculture, and demand for them has increased dramatically. These man-made substances can mimic or disrupt plant hormones, giving growers unprecedented control over a range of plant growth and development processes. CGRs are becoming increasingly important to farmers around the world, helping to control plant height and fruit maturity, increasing crop yields and stress tolerance. Their ability to maximize resource allocation within a farm, improve overall crop quality, and extend the shelf life of agricultural products makes them particularly attractive in an era of growing concerns about climate change and food security.
Due to its adaptability, CGR is becoming an important part of the agricultural approach as agriculture faces greater challenges such as erratic weather conditions and sustainable intensification requirements. The CGR market is rising to new heights due to the growing awareness of its potential, leading to increased use across different crops and geographies.
The global crop growth regulator market value is expected to reach US$7.07 billion by the end of 2034. According to the analysis, the Korean market will grow at a compound annual growth rate of 7.5% from 2024 to 2034.
In August 2023, AMVAC, a global agricultural technology solutions provider, expanded its product line and launched Mandolin, a plant growth regulator designed specifically for citrus.
In March 2023, Sumitomo Chemical India Limited, a subsidiary of Sumitomo Chemical, launched a new plant growth regulator called Promalin® in Shimla, Himachal Pradesh. The product is available in 500 ml and 1 litre packs in the northern Indian states of Jammu & Kashmir and Himachal Pradesh.
Advances in nanotechnology have increased the effectiveness of CGRs while reducing their environmental impact with the advent of nanoformulations. Since nanoformulations have higher absorption rates and more personalized delivery, the number of applications can be reduced without compromising effectiveness. Biotechnology is playing an increasingly important role with the advent of biological CGRs derived from natural sources. These environmentally friendly alternatives eliminate concerns about the use of synthetic chemicals and are appealing to the growing organic agriculture industry.
Intelligent CGR application methods combined with precision farming technologies enable localized application to maximize crop response and resource efficiency. Farm operations are also becoming more efficient through the implementation of multifunctional CGRs that combine growth regulation with pest control or improved nutrient uptake.
By addressing environmental and regulatory issues and improving crop yields and quality, these developments make CGR an important tool in modern sustainable agriculture.
Fact.MR provides an unbiased analysis of the crop growth regulators market from 2019 to 2023 and provides forecast statistics from 2024 to 2034.
The study has been conducted based on Product Type (Cytokinins, Auxins, Gibberellins, Ethylene, etc.), Formulation Type (Wettable Powder, Solution), Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Turf & Ornamentals) and Function (Promoters, Inhibitors) to reveal key market insights covering five major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, Middle East & Africa).
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Post time: Jan-13-2025