Plant Growth Regulators Market
The market for Plant Growth Regulators was estimated at $3.7 billion in 2024; it is anticipated to increase to $5.7 billion by 2030, with projections indicating growth to around $8.1 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Plant Growth Regulators Market Outlook
Revenue, 2024
$3.7B
Forecast, 2034
$7.6B
CAGR, 2025 - 2034
7.3%
The Plant Growth Regulators industry revenue is expected to be around $4.0 billion in 2025 and expected to showcase growth with 7.3% CAGR between 2025 and 2034. PGRs have become components, for successful farming by increasing crop yield and performance efficiency while also speeding up production processes and reducing negative environmental effects and resource usage.
Plant growth regulators are compounds that help control how plants grow and develop over time. These regulators play a role in affecting different plant processes such as flowering and ripening. This leads to enhancements in the quality and resilience of crops. There is a growing interest in plant growth regulators and their use, in sustainable farming practices is increasing.
Market Key Insights
- The Plant Growth Regulators market is projected to grow from $3.7 billion in 2024 to $7.6 billion in 2034. This represents a CAGR of 7.3%, reflecting rising demand across Crop Yield Improvement, Stress Resistance and Weed Control.
- BASF SE, Syngenta AG, Nufarm Limited are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Plant Growth Regulators market and are expected to observe the growth CAGR of 4.7% to 7.0% between 2024 and 2030.
- Emerging markets including Indonesia, South Africa and Canada are expected to observe highest growth with CAGR ranging between 8.4% to 10.1%.
- Transition like Surge in Organic Farming is expected to add $160 million to the Plant Growth Regulators market growth by 2030.
- The Plant Growth Regulators market is set to add $3.8 billion between 2024 and 2034, with manufacturer targeting Commercial Horticulture Growers & Greenhouse & Protected Cultivation Operators End-User projected to gain a larger market share.
- With Increasing demand for organic produce, and Advances in biotechnology, Plant Growth Regulators market to expand 102% between 2024 and 2034.
Opportunities in the Plant Growth Regulators
The growing popularity of farming worldwide and the increasing consumer interest in chemical free agricultural products may lead to a higher demand for natural or organic plant growth regulators (PGR). The introduction and advancement of these friendly products tailored to the needs of organic farming could have also a significant impact, on the industry.
Growth Opportunities in North America and Europe
North America and the United States continue to play a role in the market for plant growth regulators due to advancements in agriculture technology and the widespread use of these regulators to improve crop yields. The market is competitive with global players present in the region. The demand is further fueled by the regions emphasis on farming. Opportunities, for growth are promising in the farming industry as more consumers are opting for organic products.
In Europe's market for plant growth regulators, we see a rise in awareness of farming practices and government initiatives aiming to reduce chemical usage in agriculture. Despite tough competition Europe is embracing the potential of bio based plant growth regulators. Especially in countries like Germany and France 🇩🇪🇫🇷 there is a growing demand for such products due to the popularity of organic farming practices making this region a key area, for market expansion.
Market Dynamics and Supply Chain
01
Driver: Increasing Demand for Organic Produce, and Rising Population and Food Demand
The increasing trend among consumers towards choosing food instead of conventional options is also influencing the plant growth regulators market positively. Consumers are also becoming increasingly conscious of the health advantages linked to consuming produce and this awareness is also boosting the popularity of organic fruits and vegetables. As a result of this growing demand for products in the market sphere farmers are also now encouraged to enhance their crop yield by utilizing natural and organic substances such, as plant growth regulators. The rising world population is also driving a demand for increased agricultural production levels globally which has also led farmers to adopt plant growth regulators to boost crop yields and satisfy the ever growing food requirements. The plant growth regulators are also preferred by farmers for their capability to enhance crop productivity without any effects, to the plants.
The remarkable progress in biotechnology has also paved the way for the enhancement and development of types of plant growth enhancers thanks to genetic engineering and plant tissue culture methods that have also contributed to the creation of more efficient and eco friendly growth enhancers for plants driving substantial growth, in the market for these products.
02
Restraint: Stringent Regulatory Frameworks
In nations worldwide strict regulations surrounding biochemical substances specifically Plant Growth Regulators (PGRs) sometimes act as a major obstacle to expanding markets. These regulatory measures aim to uphold safety standards and prevent the use of chemicals that could pose risks to both human health and the environment. For instance agencies like the EPA, in the United States impose rules governing the approval, utilization and commercialization of PGRs resulting in considerable bureaucratic hurdles that can raise the expenses and intricacy of introducing these products to the market.
03
Opportunity: Indoor Farming and Vertical Gardening and Precision Farming
The increasing fascination with indoor farming and vertical gardening in urban areas presents a fresh opportunity for the use of Plant Growth Regulators (PGR). With the need for monitoring of plant growth in various growth phases, in these farming practices the proper utilization of PGR has the potential to significantly enhance crop quality and yield within these controlled settings.
The increasing adoption of precision farming techniques that utilize technology to improve crop production is opening up exciting possibilities for the application of Plant Growth Regulators (PGRs). PGRs play a role, in encouraging plant growth and boosting productivity and can be effectively integrated into precision farming methods to enhance crop yield while conservatively using resources.
04
Challenge: High Product Development Costs
A major obstacle, in the Plant Growth Regulators industry is the expenses linked to developing new products.
Supply Chain Landscape
1
Raw Material Suppliers
BASF SEDow Chemical Company
2
Active Ingredient Synthesis
Xinyi (H.K.) Industrial Co. Ltd.Sichuan Guoguang Agrochemical Co. Ltd
3
Formulation & Packaging
Syngenta AGNufarm Limited
4
End-User Applications
AgricultureHorticultureFloriculture
1
Raw Material Suppliers
BASF SEDow Chemical Company
2
Active Ingredient Synthesis
Xinyi (H.K.) Industrial Co. Ltd.Sichuan Guoguang Agrochemical Co. Ltd
3
Formulation & Packaging
Syngenta AGNufarm Limited
4
End-User Applications
AgricultureHorticultureFloriculture
Use Cases of Plant Growth Regulators in Crop Yield Improvement & Stress Resistance
Crop Yield Improvement : Plant Growth Regulators (PGRs) play a role in agriculture to boost crop productivity effectively by adjusting the natural hormone balance of plants when sprayed onto them directly This innovative method not only accelerates plant growth but also ensures healthier crops This approach is particularly advantageous for large scale farmers as it enables them to maximize yield from their land Market giants like Syngenta and BASF are well known for their top notch PGR products that deliver outstanding enhancements, in crop production
Weed Control : Besides promoting growth in plants and crops themselves Plant Growth Regulators (PGR) can also help prevent plant growth by acting as weed control agents Inhibiting the growth of undesirable plants selectively PGRs enable farmers to ensure their desired crops thrive This approach provides a more environmentally friendly option compared to conventional harsh herbicides thus presenting a distinct value proposition in the agricultural market Leading companies such as Bayer Crop Science and Dow AgroSciences are known for their pioneering work, in utilizing PGRs in this manner
Stress Resistance : Enhancing stress tolerance in plants is crucial for their resilience to challenges such as droughts and high temperatures as well as protection, against pests.
Recent Developments
In the Plant Growth Regulators (PGRs) market of late there has been a move towards sustainable and eco friendly solutions align with the worldwide trend towards environmentally conscious agricultural methods​widespread adoption of sustainable farming practices​supported widely in the agriculture sector across the globe​global shift towards eco friendly and sustainable farming practices​​​​​​​​​​​ a significant development has emerged relating to plant growth regulators PGRS for short that are bio based in nature reflecting a broader global trend toward environmentally friendly and sustainable approaches to farming. This progress signifies an advancement in technology seen in bio based PGRS that not only enhance plant growth but also provide protection to crops, against pests and diseases.
December 2024 : Syngenta AG introduced a plant growth enhancer called PGR S80 with the aim of boosting crop productivity and quality in soil, with low nutrient levels.
October 2024 : Valent BioSciences Corporation has revealed a collaboration, with a biotechnology firm to create innovative plant growth regulators aimed at addressing the challenges of climate change.
August 2024 : BASF SE has broadened its range of plant growth regulators by adding Stimula. This new product is designed to enhance the growth of fruits and vegetables, in climates.
Impact of Industry Transitions on the Plant Growth Regulators Market
As a core segment of the Agrochemicals industry,
the Plant Growth Regulators market develops in line with broader industry shifts.
Over recent years, transitions such as Surge in Organic Farming and Advent of Biotech Crops have redefined priorities
across the Agrochemicals sector,
influencing how the Plant Growth Regulators market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Surge in Organic Farming
The worldwide move towards organic farming methods has had a notable influenceon the market for Plant Growth Regulators (PGRs). Farmers are embracing these regulators because of their eco characteristics and their capacity to promote plant growth in a natural manner. Government programs and the growing consumer preference for products have boosted the appeal of plant growth regulators resulting in a significant shift, in the market landscape.
02
Advent of Biotech Crops
The emergence of crops has brought about significant changes in the Plant Growth Regulators market landscape; these genetically modified crops are designed to withstand specific plant diseases and adverse environmental factors which in turn have boosted the utilization of plant growth regulators leading to positive advancements, in the industry.