Global Auxin Market, By Function (Plant Growth Promoters, Plant Growth Inhibitors), Formulation (Water-Dispersible & Water-Soluble Granules, Solutions, Wettable Powders), Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Turf & Ornamentals), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Auxin Market
The auxin market is expected to witness market growth at a rate of 9.80% in the forecast period of 2021 to 2028 and is expected to reach USD 0.99 billion by 2028. Data Bridge Market Research report on auxin market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the environmental concerns globally is escalating the growth of auxin market.
Auxin refers to one of the plant hormone or chemical occurring in low concentrations that assist in plant growth by increasing the supply or availability of primary nutrients to the plant. These are widely utilized in positively influencing root initiation, cell enlargement and bud formation. They also promote the production of other hormones and in conjunction with cytokinins and control the growth of roots and stems and fruits.
The increase in demand for high quality food among population across the globe acts as one of the major factors driving the growth of auxin market. The use of auxin as valuable production tools that can improve product quality and marketability while declining labor for pruning, maintenance and pinching, and rise in trading requirements for industrial activities accelerate the market growth. The rise in demand for plant growth regulators due to its ability to reduce lodging in intensive cereal production, stimulate latex flow in rubber plants and control the shoot heights, and consumer shift toward organic foods further influence the market. Additionally, increase in population, decline in arable land, growth in consumer awareness and evolution in farming practices & technology positively affect the auxin market. Furthermore, rise in investment in agricultural activities in developing countries and stronger product portfolio for broad-acre crops extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, cost issues related with regulatory requirements and long approval period for new products are expected to obstruct the market growth. Identification of plant growth regulator (PGR)-modulated genic/multigenic expressions and lack of awareness regarding benefits of PGR are projected to challenge the auxin market in the forecast period of 2021-2028.
This auxin market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on auxin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Auxin Market Scope and Market Size
The auxin market is segmented on the basis of function, formulation and crop type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of function, the auxin market is segmented into plant growth promoters and plant growth inhibitors.
- On the basis of formulation, the auxin market is segmented into water-dispersible & water-soluble granules, solutions, and wettable powders.
- On the basis of crop type, the auxin market is segmented into fruits & vegetables, cereals & grains, oilseeds & pulses, and turf & ornamentals.
Auxin Market Country Level Analysis
The auxin market is analyzed and market size, volume information is provided by country, function, formulation and crop type as referenced above.
The countries covered in the auxin market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the auxin market because of the rise in demand for organic food, and increase in organic food sales within the region. Europe is expected to witness significant growth during the forecast period of 2021 to 2028 because of the use of cultivable land for non-agricultural purposes in the region.
The country section of the auxin market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Auxin Market Share Analysis
The auxin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to auxin market.
The major players covered in the auxin market report are Nufarm Limited, Dow, ADAMA India Private Limited, BASF SE, FMC Corporation, NIPPON SODA CO, Valent BioSciences LLC and Arysta LifeScience Corporation, Syngenta AG, and Bayer AG, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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