Rising concerns towards health,
rapid growth of horticulture industry and increasing investments in agriculture
sector to drive India plant growth regulators market through 2023
According to TechSci Research report, “India Plant Growth Regulators Market By
Type, By Crop Type, By Chemical Formulation, Competition Forecast &
Opportunities, 2013-2023’’, India plant growth regulators market is forecast to surpass
$ 6.8 million by 2023, on the back of increasing demand for fruits and
vegetables due to rising health concerns among people and booming horticulture sector
in India. Moreover, various
initiatives by the government like establishment of National Bank for
Agriculture and Rural Development (NABARD) and ‘Niti Ayog Yojna’ to strengthen
growth in agriculture sector is further likely to positively influence India plant
growth regulators market. Additionally, rise in the production of cotton
along with increasing inclination towards organic farming would further drive demand for plant growth
regulators in the country in the coming years.
Browse 8 market data Table and 40 Figures
spread through 102 Pages and an in-depth TOC on "India Plant Growth
Regulators Market"
On the basis of type, plant growth regulators market is majorly
segmented into Cytokinin, Gibberellins, Auxins, Ethylene and Others. Cytokinin garnered
a dominant share in India plant growth regulators market in 2017 and is anticipated
to maintain its dominance in the coming years as well on account of high demand
for them in agriculture and horticulture due to their high efficiency and
rising need for food security and weed supervision. South region accounted for
the largest share in India plant growth regulators market owing to the presence
of large number of agriculture and horticulture sector development facilities
in the region.
“Rising
population along with growing urbanization is increasing the consumption of
agriculture products, which is pushing end use industries to increase their
capacities, thereby accelerating growth in India plant growth regulators market
in India. Moreover, rising government investments and initiatives to strengthen
the country’s agriculture sector, coupled with rising focus on product
innovations and technology advancements by plant growth regulator manufacturers
would further steer growth in India plant growth regulators market during the
forecast period.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Plant Growth
Regulators Market By Type, By Crop Type, By Chemical Formulation, Competition
Forecast & Opportunities, 2013-2023” has evaluated the future growth
potential of plant growth regulators market and provides statistics and information
on market size, structure and trends. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decision. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in India plant
growth regulators market.
About TechSci Research
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