Market Overview
China Plant Growth Regulators (PGRs) Market was worth USD 104.15 Million in 2023 and is expected to exhibit staggering growth in the forecast period with a CAGR of 7.05% from 2023 to 2029.
The Chinese market for Plant Growth Regulators (PGRs) has been witnessing strong growth with the rising focus of China on agricultural productivity. As one of the world’s largest agricultural economies, China has high demand for PGRs, such as auxins, gibberellins, and cytokinins. The application of these regulators to increase crop yield and quality has been practiced extensively by Chinese farmers. The policies and efforts of the government towards adopting modern agriculture also propel market growth.
Key Market Players
- Xinyi(H.K.) Industrial Co., Ltd
- Sichuan Guoguang Agrochemical Co., Ltd.
- China Biotech Agriculture CBA Co., Ltd.
- Shenzhen Sino-harvest Industry Co.,Ltd
- Jiangsu Longguang Chemical Co., Ltd.
- King Quenson Group
- BASF (China) Co., Ltd.
- Dow Chemical China Co., Ltd.
- Bayer (China) Co., Ltd.
- Hangzhou Foison Agricultural Technology Co., Ltd.
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Key Market Drivers
Growing Demand for High-Quality Crops & Yield Maximization
One of the major drivers driving the China Plant Growth Regulators (PGRs) Market is the growing demand for high-quality crops and the optimization of agricultural yields. With the population increasing every year, there is a similar increase in the demand for food items. Farmers need to fulfill this demand by making their crop yields better in terms of quality and quantity. Plant Growth Regulators are instrumental in inducing the growth of plants, enhancing processes of flowering and fruiting, and improving overall crop yields.
Application of Plant Growth Regulators (PGRs) gives farmers an important tool to control a range of processes in plant growth, from flowering and fruiting. Through the use of PGRs, farmers have the ability to maximize their crop yields to achieve a sustainable and efficient agriculture. The driver is most important in China’s agriculture, given that the focus on embracing modern and sustainable farming methods is in line with the ultimate aim of maximizing crop yields. This not only assists with food security but also ensures the long-term sustainability of China’s agriculture sector.
Key Market Trends
Increasing Adoption of Biostimulants
A prominent trend in the China Plant Growth Regulators (PGRs) Market is the rising adoption of biostimulants. Biostimulants are a category of PGRs that enhance plant growth, development, and stress tolerance without containing any direct plant hormones. These products often consist of beneficial microorganisms, humic substances, and other natural compounds that stimulate plant physiological processes.
Growing Focus on Crop-Specific PGR Formulations
One of the notable trends defining the China PGRs Market is the growing focus on crop-specific formulation. PGR manufacturers are formulating products specifically for the specific growth and developmental needs of particular crops. This trend acknowledges that various crops have different plant growth regulation requirements, and the supply of targeted solutions improves the effectiveness of PGR use.
Crop-specific formulations consider a variety of factors such as crop type, growth stage, and environmental conditions. Considering these factors, farmers are able to efficiently optimize the advantages of plant growth regulators (PGRs) according to their own specific cultivation requirements. This new trend reflects the company’s commitment to precision agriculture and its determination to solve the different agronomic issues of Chinese farmers for a large number of different crop varieties. With the adoption of customized solutions, farmers can anticipate increased crop yields and overall agricultural sustainability.
Segmental Insights
Type Insights
Under the Type, the Auxin type of Plant Growth Regulators (PGRs) is the leading type in agricultural and horticultural applications across China. Its diverse uses in stimulating cell division, elongation, and differentiation have established Auxin as the most popular type in terms of its ability to boost crop growth and increase yields. With a successful track record and established reputation, Auxin has acquired considerable market share in the nation’s PGRs market. Chinese farmers and growers have made Auxin their go-to option because of its consistent performance and guaranteed results. Its solid presence in the market has made Auxin a major driver of agricultural productivity and a source of fulfilling the needs of an expanding population. Through continuous assistance in the growth of plants, Auxin helps in ensuring sustainable agriculture and the supply of good quality crops to satisfy the demands of the increasing population in China. Auxin’s success in the Chinese market lies in its constant innovation and adherence to research and development. With consistent efforts to develop its formulations and refine its methods of application, Auxin has remained ahead in the PGRs business. This commitment to quality has created trust and belief among farmers and growers, positioning Auxin firmly as a leading player in the agricultural industry.
As China grapples with the issue of nourishing its people despite limited fertile land and environmental factors, the contribution of Auxin towards achieving the highest level of crop productivity has become even more vital. With the provision of efficient and dependable solutions for regulating plant growth, Auxin assumes a significant role in providing food security and sustainable agriculture in China. Auxin is the plant growth regulator of the Auxin type that has emerged as the leader in agricultural and horticultural practices across China. Auxin’s ease of use across various applications, stable performance outcomes, and effective results have resulted in it emerging as the popular choice among growers and farmers alike. Its role in pushing agricultural productivity and responding to the demands of a larger population makes Auxin a vital agent in the quest for sustainable agriculture and food security in China.
Crop Type Insights
Depending on the Crop Type, in the China Plant Growth Regulators (PGRs) market, the segment which has the highest share is Fruits & Vegetables. This dominance is largely due to the extensive consumption of a large number of fruits and vegetables in the nation. China’s rich culinary culture and focus on fresh, locally grown produce are the reasons for the increasing demand for PGRs to maintain maximum crop yield and quality. Due to the growing awareness and demand for organic produce among consumers, there has been an upsurge in the demand for PGRs. These regulators are important in advancing the growth, development, and general health of fruits and vegetables. Through encouraging root growth, hastening flowering, and enhancing nutrient absorption, PGRs facilitate farmers and growers to address the increasing demand for organic and quality produce in the market.
The use of PGRs has become imperative for growers and farmers in order to address the needs of the continuously growing market while ensuring sustainable agriculture. Through efficient control of plant growth and development, PGRs ensure resource optimization and reduce environmental footprint. The Fruits & Vegetables segment leads the China PGRs market because of the nation’s heavy consumption of these food items. With greater emphasis on organic products and the demand for meeting market requirements sustainably, the application of PGRs has become a necessity for farmers and growers working toward the provision of high-quality fruits and vegetables.
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Regional Insights
In the South-Central China region covering provinces like Hunan, Hubei, and Jiangxi, there is significant supremacy of the Plant Growth Regulators (PGRs) Market. This is due to a number of reasons that differentiate this area. The area has a large agricultural terrain, with large fields and rich soil which offer the perfect environment for the growth of different crops. Secondly, the excellent climatic conditions in this area, which include mild temperatures and plenty of rainfall, complement agricultural activities in this area. Lastly, South-Central China has witnessed rapid advancements in agricultural technology, with cutting-edge innovations and techniques being adopted by farmers and growers. These advancements have created a highly conducive environment for the wide-scale application of PGRs, enabling farmers to enhance crop yield, improve quality, and optimize resource utilization. It is therefore not surprising that the South-Central China region has become a leading player in the market of PGRs, highlighting its strength in the agricultural field and setting the pace for others to emulate.
