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Plant Growth Regulators Industry to 2020 – Market Outlook, Industry Trends: Grand View Research, Inc.

Plant Growth Regulators Industry to 2020 – Market Outlook, Industry Trends: Grand View Research, Inc.

Global plant growth regulators market is expected to exceed USD 6 billion by 2020, according to a new study by Grand View research, Inc. High allopathic medicine price is a key reason for growing herbal medicines demand which is expected to positively impact plant growth regulators market. Plant growth regulators are expected to witness significant growth in demand owing to its use in cotton metabolism in light of the growing cotton textile industry.

Cytokinins were the widest used plant growth regulators with market revenue exceeding USD 1.25 billion in 2013 owing to extensive use in herbal medicines. Increasing concerns regarding farmer profitability is expected to result in shift from conventional farming to organic farming which will provide favorable market opportunities.

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About Grand View Research

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/

 

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