Latin America Plant Growth Regulators Market - Industry Analysis and Forecasts 2016-2021

Report Code: FB-R-17-31 | Page Numbers: 130

The Latin America Plant Growth Regulators Market was worth USD 570.8 million in 2016 and estimated to be growing at a CAGR of 3.66%, to reach USD 683 million by 2021. Plant Growth Regulators are chemical substances, other than nutrients, that alter plant physiological development. Plant growth regulators control growth of plants and improve reactions to stimuli. Ethylene is one of the plant growth regulators utilized for enhancing flower production. They are not harmful to human health and are extensively utilized to meet the necessity of the food supply.
The growth of the Latin America Plant Growth Regulators market is majorly driven by factors such as growing textile market, Low toxicity and ensuring food security. Cutting-edge practices in organic farming and increasing affinity towards eco-friendly methods of farming are anticipated to create a lot of prospects for the plant growth regulators market in this region. However, growing utilization of agro chemicals by the farmers is the major restraining factor for the market in this region.
The Latin America Plant Growth Regulators market is segmented based on Product Type and Crop Type. The market for Plant Growth Regulators, on the basis of Product Type, is classified into Cytokinins, Auxins, Gibberellins, and Othe...

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The Latin America Plant Growth Regulators Market was worth USD 570.8 million in 2016 and estimated to be growing at a CAGR of 3.66%, to reach USD 683 million by 2021. Plant Growth Regulators are chemical substances, other than nutrients, that alter plant physiological development. Plant growth regulators control growth of plants and improve reactions to stimuli. Ethylene is one of the plant growth regulators utilized for enhancing flower production. They are not harmful to human health and are extensively utilized to meet the necessity of the food supply.
The growth of the Latin America Plant Growth Regulators market is majorly driven by factors such as growing textile market, Low toxicity and ensuring food security. Cutting-edge practices in organic farming and increasing affinity towards eco-friendly methods of farming are anticipated to create a lot of prospects for the plant growth regulators market in this region. However, growing utilization of agro chemicals by the farmers is the major restraining factor for the market in this region.
The Latin America Plant Growth Regulators market is segmented based on Product Type and Crop Type. The market for Plant Growth Regulators, on the basis of Product Type, is classified into Cytokinins, Auxins, Gibberellins, and Others. On the basis of type, Cytokinins lead the plant growth regulators market, accounting for over 40% of the market share, and are also projected to witness the highest growth during the forecast period. Demand for cytokinins has been on the rise due to their widespread use in increasing the capacity of plants to tolerate water deficiency, by guarding the nitrogen and carbon integration process during stress. On the basis of crop type, the plant growth regulators market is segmented into fruits & vegetables, grains & cereals, oil seeds, turf & ornamental grass, and others. Fruits & Vegetables lead the market on the basis of crop type, followed by Grains and Cereals.
Latin America market region includes countries such as Brazil, Argentina, Mexico and Rest of Latin America. The market in Latin America is expected to be driven by agriculture based countries such as Brazil and Argentina, due to the growing acceptance of Plant Growth Regulators in these countries. Increasing production of sugarcane and corn is another crucial factor boosting the growth of the market in this region.
The main policies implemented by the companies to increase their market share in the plant growth regulators market are new products, and mergers & acquisitions. The strategy of efficient and strong yielding products would lead to improved user gratification. The major companies dominating the Plant Growth Regulators market in this region are BASF SE, Bayer Crop Science, DuPont, FMC Corporation, Tata Chemicals Limited, and Xinyi Industrial Co Ltd.
1 INTRODUCTION
1.1 MARKET DEFINITION
1.2 KEY DELIVERABLES OF THE STUDY
1.3 BASE CURRENCY, BASE YEAR, AND FORECAST PERIOD
1.4 GENERAL STUDY ASSUMPTIONS
2 RESEARCH APPROACH AND METHODOLOGY
2.1 INTRODUCTION
2.1.1 SIZE ESTIMATION
2.1.2 FORECASTING METHODOLOGY
2.2 RESEARCH PHASES
2.2.1 Secondary research
2.2.2 Primary research
2.2.3 Econometric modelling
2.2.4 Expert validation
2.3 ANALYSIS DESIGN
2.4 STUDY TIMELINE
3 OVERVIEW
3.1 EXECUTIVE SUMMARY
3.2 KEY INFERENCES
4 MARKET DYNAMICS
4.1 DRIVERS
4.1.1 Enhancing Export Competitiveness
4.1.2 Ensuring Food Security
4.1.3 Growing Textile Market
4.1.4 Low Toxicity
4.2 RESTRAINTS
4.2.1 Capital Intensive Industry
4.2.2 Market Saturation
4.3 OPPORTUNITIES
4.3.1 Re-Launching Old Compounds
4.3.2 Agrarian Economy
4.4 CHALLENGES
4.4.1 Alternative Technologies
5 MARKET SEGMENTATION
5.1 Introduction
5.2 Latin America Plant Growth Regulators Market, By Product Type
5.3 Latin America Plant Growth Regulators Market, By Crop Type
6 GEOGRAPHICAL ANALYSIS
6.1 Introduction
6.2 Latin America Plant Growth Regulators Market, By Country
6.2.1 Brazil Plant Growth Regulators
6.2.2 Argentina Plant Growth Regulators
6.2.3 Mexico Plant Growth Regulators
6.2.4 Rest of Latin America Plant Growth Regulators
7 STRATEGIC ANALYSES
7.1 PESTLE Analysis
7.1.1 Political
7.1.2 Economical
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 PORTER?s Five Force Analysis
7.2.1 Threat of New Entrants
7.2.2 Threat of Substitutes
7.2.3 Bargaining Power of Buyers
7.2.4 Bargaining Power of Suppliers
7.2.5 Competitive Rivalry
8 MARKET LEADER ANALYSIS
8.1 BASF SE
8.1.1 Overview
8.1.2 Products
8.1.3 Financials (in USD Million)
8.1.4 Recent Developments
8.1.5 SWOT Analysis
8.1.6 Analyst Overview
8.2 Bayer Crop Science
8.2.1 Overview
8.2.2 Products
8.2.3 Financials (in USD million)
8.2.4 Recent Developments
8.2.5 SWOT Analysis
8.2.6 Analyst Overview
8.3 E.I. DuPont de Nemours and Company (DuPont)
8.3.1 Overview
8.3.2 Products
8.3.3 Financials (in USD million)
8.3.4 Recent Developments
8.3.5 SWOT Analysis
8.3.6 Analyst Overview
8.4 FMC CORPORATION
8.4.1 Overview
8.4.2 Products
8.4.3 Financials (in USD million)
8.4.4 Recent Developments
8.4.5 SWOT Analysis
8.4.6 Analyst Overview
8.5 Nufarm Ltd.
8.5.1 Overview
8.5.2 Products
8.5.3 Financials (in USD Million)
8.5.4 Recent Developments
8.5.5 SWOT Analysis
8.5.6 Analyst Overview
8.6 Syngenta
8.6.1 Overview
8.6.2 Products
8.6.3 Financials (in USD Million)
8.6.4 Recent Developments
8.6.5 SWOT Analysis
8.6.6 Analyst Overview
8.7 Valent BioSciences Corporation
8.7.1 Overview
8.7.2 Products
8.7.3 Recent Developments
8.7.4 Analyst Overview
8.8 Excel Crop Care Limited
8.8.1 Overview
8.8.2 Products
8.8.3 Analyst Overview
8.9 Nippon Soda Co. Ltd.
8.9.1 Overview
8.9.2 Products
8.9.3 Analyst Overview
8.1 Xinyi Industrial Co. Ltd.
8.10.1 Overview
8.10.2 Products
8.10.3 Analyst Overview
9 Competitive Landscape
9.1 Comparative Analysis
9.2 Mergers & Acquisitions
9.3 Collaborations, Agreements & Expansions
10 MARKET OUTLOOK
The Latin America Plant Growth Regulators Market was worth USD 570.8 million in 2016 and estimated to be growing at a CAGR of 3.66%, to reach USD 683 million by 2021. Plant Growth Regulators are chemical substances, other than nutrients, that alter plant physiological development. Plant growth regulators control growth of plants and improve reactions to stimuli. Ethylene is one of the plant growth regulators utilized for enhancing flower production. They are not harmful to human health and are extensively utilized to meet the necessity of the food supply.
The growth of the Latin America Plant Growth Regulators market is majorly driven by factors such as growing textile market, Low toxicity and ensuring food security. Cutting-edge practices in organic farming and increasing affinity towards eco-friendly methods of farming are anticipated to create a lot of prospects for the plant growth regulators market in this region. However, growing utilization of agro chemicals by the farmers is the major restraining factor for the market in this region.
The Latin America Plant Growth Regulators market is segmented based on Product Type and Crop Type. The market for Plant Growth Regulators, on the basis of Product Type, is classified into Cytokinins, Auxins, Gibberellins, and Others. On the basis of type, Cytokinins lead the plant growth regulators market, accounting for over 40% of the market share, and are also projected to witness the highest growth during the forecast period. Demand for cytokinins has been on the rise due to their widespread use in increasing the capacity of plants to tolerate water deficiency, by guarding the nitrogen and carbon integration process during stress. On the basis of crop type, the plant growth regulators market is segmented into fruits & vegetables, grains & cereals, oil seeds, turf & ornamental grass, and others. Fruits & Vegetables lead the market on the basis of crop type, followed by Grains and Cereals.
Latin America market region includes countries such as Brazil, Argentina, Mexico and Rest of Latin America. The market in Latin America is expected to be driven by agriculture based countries such as Brazil and Argentina, due to the growing acceptance of Plant Growth Regulators in these countries. Increasing production of sugarcane and corn is another crucial factor boosting the growth of the market in this region.
The main policies implemented by the companies to increase their market share in the plant growth regulators market are new products, and mergers & acquisitions. The strategy of efficient and strong yielding products would lead to improved user gratification. The major companies dominating the Plant Growth Regulators market in this region are BASF SE, Bayer Crop Science, DuPont, FMC Corporation, Tata Chemicals Limited, and Xinyi Industrial Co Ltd.

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