Plant Activators Market size is forecast to reach $1.1 billion by 2025, after growing at a CAGR of 6.7% during 2020-2025. Plant activators are chemicals that induce plant defense responses to a broad spectrum of pathogens. They activate the defense genes in plants by providing signals via the signal transduction pathway mediated by salicylic acid. The use of plant activators has, therefore, become a common practice in plant farming. Moreover, the Agricultural sector has become open to the idea of using protective chemicals that can avert attacks on crops by pathogens.
Plant Activators Market Segment Analysis – Crop Type
Fruits & Vegetables segment holds the largest share in the Plant Activators market. Fruits and vegetables can be great sources of important nutrients such as calcium, fiber, folate, Iron, Magnesium, Potassium and Others. There are two basic groups of nutrients that must be obtained through the diet: macro-nutrients & micro nutrients. Macro-nutrients are comprise of proteins, carbohydrates and unsaturated fats while vitamins and minerals make-up micro-nutrients. All nutrients play different but vital roles in our health and wellbeing. Although needed only in small amounts, micro-nutrients are essential for the proper functioning of every system in the body and are vital for good health. There are two classes of micronutrients, vitamins and minerals. Each vitamin and mineral have a specific role in bodily function.
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Plant Activators Market Segment Analysis – Application
Soil Treatment sector has been the primary market for Plant Activators. Soil treatments is done by using pesticides and fungicides majorly. Pesticide-contaminated soil and water treatment ranges from conventional methods such as incineration, phyto-remediation, and photochemical processes to innovative methods such as ultrasound-promoted remediation and other advanced oxidation processes. soil treatment of fungal spores is probably the most reasonable application strategy, though it is only suitable if the target insect has a susceptible soil phase. In general, natural soil moisture levels are sufficient to promote conidial germination and mycelial growth, allowing fungal inoculum to be sustained over time.
Plant Activators Market Segment Analysis – Geography
APAC dominated the Plant Activators market. Large-scale agricultural activities in Asia Pacific, with the growing demand for food from India and China, along with the rising awareness among people about the long-term benefits of using plant activators are some of the prime factors that are driving the plant activators market in the region. Countries such as India and China are major players in this region. Major crops produced in Asia include rice, sugar beet, fruits & vegetables, cereals, and grains; the region consumes 90% of the global rice produced. There is a huge demand for plant activators market in Asia Pacific due to the direct use of micronutrients to treat plant deficiencies and are often sprayed in combination or as additives. Micronutrients are essential elements that are used by plants in small quantities. For most micronutrients, crop uptake is less than one pound per acre. In spite of this low requirement, critical plant functions are limited if micronutrients are unavailable, resulting in plant abnormalities, reduced growth and lower yield.
Plant Activators Market Drivers
Increasing usage for fertilizers
Various nutrients boost plant production and keep people all over the world fed and healthy, and enhanced efficiency fertilizers. The third category of essential crop nutrients: micronutrients. Micronutrients play a supporting role in overall plant health and development. Micronutrients promote essential plant processes and growth, which translates into nutrient-rich food for animals and humans. Micronutrients include boron, chlorine, copper, iron, manganese, molybdenum and zinc, which are often in short supply for growing crops. Owing to this the increasing usage of fertilizers the Plant Activators market will grow.
Implementation of Governments Regulations
Governments globally are focusing on boosting their agriculture sector. Whereas Governments regulations such as Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) by Indian Government will help to grow the agriculture sector. Under the Scheme an income support of Rs.6000/- per year is provided to all farmer families across the country in three equal installments of Rs.2000/- every four months, which will financially help the farmers let them focus more towards farming. And with the growth of agricultural sector the Plant Activators market will grow.
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Plant Activators Market Challenges
Impact of COVID 19
The global Plant Activators market continues to be challenged by the lockdowns, logistical disturbances, reduced productions, and associated economic impacts of COVID-19. The global fertilizer sector has been affected since the outset, primarily in China, the world’s largest producer as well as consumer of agriculture micronutrients. The outbreak of a novel coronavirus in China has to date had the most critical impact across the Chinese agriculture micronutrients sector, affecting the movement of both micronutrients products and raw materials in and out of the country. Moreover, this pandemic also expected to hit the agriculture micronutrients industry in the U.S., Brazil, India, and EU-5 countries.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Plant Activators market. In 2019, the market of Plant Activators has been consolidated by the top five players accounting for xx% of the share. Major players in the Plant Activators Market are Arysta Lifescience, BASF, Certis USA, Eagle Plant Protect Pvt. Ltd., Futureco Bioscience among others.
Acquisitions/Technology Launches
In July 2018, Leading agrochemical company, UPL has acquired Arysta LifeScience (Arysta) from Platform Specialty Products for USD 4.2 billion.
Key Takeaways
Asia-Pacific dominates the Plant Activators market owing to increasing demand from applications such as Foliar spray, soil treatment, with others.
Growing number of plant nurseries has become a salient trend across several region. This factor, coupled with the availability of new technologies for spraying chemicals and activators, is likely to aid in the market growth of Plant Activators.
Cultivation of specialized breeds of plants follows a highly customized route in order to ensure proper nourishment of plants. The use of plant activators has, therefore, become a common practice in plant farming which will increase the market demand for Plant Activators in the near future.
COVID 19 pandemic will create hurdles for the Plant Activators market.
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