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A variety of market factors determine the characteristics and growth potential of the Plant Activators Market Size. Sustainable agriculture techniques are becoming more important worldwide. As environmental awareness rises, farmers are using plant activators to boost crop resilience and minimize synthetic chemical use. Sustainable and eco-friendly agricultural techniques drive plant activators market growth.
Plant activators, produced from biological or chemical sources, help plants defend against biotic and abiotic stress. Plant activators are expected to generate USD 880 million by 2024, growing at 6% CAGR. Pest infestations, drought, heat, and fungal and bacterial diseases cause major agricultural production losses, driving plant activator market growth. Growing farming technology and integrated pest management strategies fuel industry growth. Increased agriculture expenditure, especially in affluent nations, may further explain plant activator sales worldwide. However, product scarcity in numerous developing countries and farmers' excessive use of chemical alternatives hinder market expansion. Due to growing knowledge of plant activators and agriculture investments, active suppliers might profit from the market despite these hurdles.
Climate change and agriculture also affect market size. Farmers are seeking crop protection measures due to weather uncertainty and the rise in catastrophic occurrences like droughts and pests. Plant activators help plants resist environmental challenges by boosting their natural defenses. This increased crop protection need drives the plant activator market.
Demand for organic products and pesticide-free agricultural techniques drive industry expansion. Farmers seeking to satisfy organic product demand are using plant activators, which are organic-friendly. Plant activators are used due to consumers' increased food awareness and demand for residue-free crops, affecting market size.
Agriculture technology and plant science research and development shape the plant activators market. New formulations and application strategies boost plant activator efficacy. These improved solutions encourage farmers to embrace them, growing the market.
Agriculture and agricultural protection laws also affect plant activators market size. Sustainable agricultural standards and synthetic chemical prohibitions urge farmers to use plant activators. Conversely, regulatory impediments or unclear norms might hinder market expansion.
Globalization and market interconnection affect plant activators market size. Farmers across areas are adopting comparable agricultural techniques because to better knowledge and technology, resulting to increased plant activator usage. International research and development partnerships spread knowledge and technology, increasing market growth.
Plant Activators Market Highlights:
Plant Activators Market Overview
Plant Activators Market garner a revenue of USD 1.3 Billion by 2030 with a CAGR of approximately 6.8% during the forecast period of 2022–2030.
The major determinant driving the market growth of plant activators is the significant loss of crop production due to various biotic and abiotic stress conditions such as pest attack, drought, heat, and fungal and bacterial diseases. The evolution of farming technologies, along with the increasing adoption of integrated pest management practices are also catalyzing market growth. A surge in the sales of plant activators across the globe can also be attributed to the increasing farm expenditure, especially in the developed nations. However, the market growth is being hindered by various factors such as the unavailability of products in several developing countries and the heavy dependence of farmers in developing countries on chemical products. The market is expected to emerge lucrative for the vendors active in the market due to increasing awareness regarding the benefits of plant activators and increasing investments in the agriculture sector.
Segmentation
The plant activators market has been segmented based on source, form, mode of application, crop type, and region.
By source, the global market has been classified as biological and chemical.
The global market has also been segregated, on the basis of form, into powder, granules, and liquid.
Based on the mode of application, the market has been segregated into, foliar, soil treatment, and others
By crop type, the global market has been classified as pulses & oilseeds, cereals & grains, fruits & vegetables, and others.
The global market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American market has further been segmented into the US, Canada, and Mexico. The European market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Key Players
Isagro (Italy), NutriAg Inc. (Canada), Syngenta (Switzerland), Plant Health Care (US), BASF SE (Germany), Gowan Company (US), Eagle Plant Protect Private Limited (India), Nihon Nohyaku Co. Ltd (Japan), Meiji Holdings Co. Ltd (Japan), Certis USA LLC (US), Arysta LifeScience Corporation (US), and Future Bioscience SA (Spain) are some of the key players in the global plant activators market.
Regional Market Summary
In 2018, Europe dominated the global market in terms of revenue due to the increasing focus on improving crop yield. Additionally, the decreasing cultivable land area in Europe is also a crucial determinant boosting the sales of plant activators in the region. The regional market expected to exhibit the highest CAGR during the forecast period is Asia-Pacific owing to the increasing investments by the key players in the region and increasing cultivation of fruits & vegetables. The major country-level markets contributing to the growth of the Asia-Pacific market are Japan, China, and New Zealand.
By Source
- Biological
- Chemical
By Form
- Powder
- Granules
- Liquid
By Mode of Application
- Foliar
- Soil Treatment
- Others
By Crop Type
- Pulses & Oilseeds
- Cereals & Grains
- Fruits & Vegetables
- Others
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia and New Zealand
- Rest of Asia-Pacific
- Rest of the World (RoW)
- South America
- Middle East
- Africa
Intended Audience
- Plant activators manufacturers
- Fertilizer manufacturers, suppliers, traders
- Irrigation system manufacturers
- Agricultural associations
- Raw material suppliers
- Retailers and wholesalers
- Traders, importers, and exporters
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