Brazil plant growth regulators market is expected to grow at an impressive rate during the forecast period. The Brazil plant growth regulators (PGRs) market is driven by the increasing demand for cotton by the flourishing textile industry in the country. Additionally, the growing popularity of decorative farming techniques and gardening in the population is further expected to propel the market. Furthermore, ongoing technological advancements and innovations in farming techniques coupled with new product launches by the major players in the market are expected to create lucrative opportunities for market growth.
Besides, a shift towards greener farming techniques is further expected to positively impact the market growth through 2027. Also, increasing production of sugarcane and corn is further expected to spur market growth over the next few years. However, the widespread use of agrochemicals can hamper the market growth during the forecast period. Moreover, strict regulatory policies and long approval processes can further impede market growth over the next few years.
The Brazil plant growth regulators (PGRs) market is segmented based on type, crop type, function, formulation, company and region. Based on type, the market can be categorized into auxin, gibberellin, cytokinin and others. The cytokinin segment is expected to dominate the market during the forecast period since it delays the ageing process in plants and prevents leaf senescence. While gibberellin segment is also expected to witness significant growth in the market since it helps in increasing sugarcane yield, and malting of barley, fruit & seed production, among others. Based on crop type, the market can be grouped into fruits & vegetables, cereals & grains, oilseeds & pulses and turf & ornamentals.
The fruit & vegetables segment is expected to dominate the market owing to the increasing health awareness among the population and a shift towards organic food. Based on formulation, the market can be fragmented into water-dispersible & water-soluble granules, solutions, wettable powders and tablets. The water-dispersible & water-soluble granules segment is expected to dominate the market since they provide greater stability and ease of handling during supply chain activities.
The major players operating in the Brazil plant growth regulators (PGRs) market are Rotam Brazil, Sumitomo Chemical Latin America, FMC Corporation, Bayer Brasil, Nufarm Brasil, BASF S.A., Syngenta Protecao de Cultivos Ltda., DuPont Brasil, Dow Brasil S.A. and others. Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
The Objective of the Study:
- To analyze and estimate the market size of Brazil plant growth regulators (PGRs) market from 2017 to 2020.
- To estimate and forecast the market size of Brazil plant growth regulators (PGRs) market from 2021 to 2027 and the growth rate until 2027.
- To classify and forecast Brazil’s plant growth regulators (PGRs) market based on type, crop type, function, formulation, company and regional distribution.
- To identify the dominant region or segment in the Brazil plant growth regulators (PGRs) market.
- To identify drivers and challenges for the Brazil plant growth regulators (PGRs) market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Brazil’s plant growth regulators (PGRs) market.
- To conduct pricing analysis in the Brazil plant growth regulators (PGRs) market.
- To identify and analyze the profile of leading players operating in Brazil’s plant growth regulators (PGRs) market.
- To identify key sustainable strategies adopted by market players in Brazil plant growth regulators (PGRs) market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of Brazil plant growth regulators (PGRs) market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Plant growth regulators (PGRs) manufacturers/ suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policymakers
- Organizations, forums and alliances related to plant growth regulators (PGRs)
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them to strategize investments and capitalise on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022E |
| Forecast Period | 2023F – 2027F |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F |
| Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered |
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| Region Scope | South-Central; South-West; East; North-East; North-West; North |
| Key Companies Profiled | Rotam Brazil, Sumitomo Chemical Latin America, FMC Corporation, Bayer Brasil, Nufarm Brasil, BASF S.A., Syngenta Protecao de Cultivos Ltda., DuPont Brasil, Dow Brasil S.A. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, Brazil plant growth regulators (PGRs) market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Brazil Plant Growth Regulators (PGRs) Market, By Type:
- Auxin
- Gibberellin
- Cytokinin
- Others
- Brazil Plant Growth Regulators (PGRs) Market, By Crop Type:
- Fruits & Vegetables
- Cereals & Grains
- Oilseeds & Pulses
- Turf & Ornamentals
- Brazil Plant Growth Regulators (PGRs) Market, By Function:
- Stimulators
- Promotors
- Inhibitors
- Retardants
- Brazil Plant Growth Regulators (PGRs) Market, By Formulation:
- Water-Dispersible & Water-Soluble Granules
- Solutions
- Wettable Powders
- Tablets
- Brazil Plant Growth Regulators (PGRs) Market, By Region:
- South-Central
- South-West
- East
- North-East
- North-West
- North
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Brazil’s plant growth regulators (PGRs) market.