United Kingdom Plant Growth Regulators (PGRs) Market to be driven by rising investments in the agriculture sector. According to TechSci report on, “United Kingdom Plant Growth Regulators (PGRs) Market – By Region, Competition Forecast & Opportunities, 2027”, the UK plant growth regulators (PGRs) market may flourish with an impressive CAGR during the forecast period of 2023-2027, on the backbone of growing demands for the higher yielding crops.
The Important Elements of the United Kingdom Plant Growth Regulators Market
With the increasing need for the enhancing productivity of the crops and enhancing the growth hormone concentrations in the plant, the demands for plant growth regulators are increasing, thus driving the growth of the UK plant growth regulators (PGRs) market in the upcoming five years. Rising demands for the high production of food crops and fruits & vegetable crops further support the growth of the United Kingdom plant growth regulators (PGRs) market in the next five years.
The growing population of the country along with the higher consumption of food fuels the growth of the market. Growing demands for sustainable agricultural practices also facilitate the growth of the United Kingdom plant growth regulators (PGRs) market in the future five years. Demand for food security for all the population along with providing nutritive high-value food and organic food demands further support the growth of the UK plant growth regulators (PGRs) market. Decreasing arable lands, and decreasing cultivable lands due to increased construction of residential, and industrial building further drives for higher yields of the existent crops, thereby aiding the growth of the United Kingdom plant growth regulators (PGRs) market. The total land area where crops can be grown in the United Kingdom in the year 2021 was 6.02 million hectares. Out of which 4.48 million hectares are actually used for agriculture practices.
Increasing investment in the agricultural industry along with the further expansion of the agriculture sector, and increasing imports and exports further facilitate the growth of the UK plant growth regulators (PGRs) market in the forecast years through 2027. Furthermore, government support, favorable tax incentives along with support schemes for the farmers are expected to further substantiate the growth of the United Kingdom plant growth regulators (PGRs) market in the forecast period.
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The United Kingdom plant growth regulators (PGRs) market is segmented by type, crop type, function, formulation, competitional landscape, and regional distribution. Based on type, the market is further segmented into auxin, gibberellin, cytokinin, and others. Cytokinin is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of higher production of fruits and vegetables. The surge in the demand for organic fruit and vegetable cultivation also supports segmental growth. Organic farming practices along with sustainable agricultural practices substantiate the growth of the UK plant growth regulators (PGRs) market in the forecast years through 2027.
By crop type, the market is fragmented into fruits & vegetables, cereals & grains, oilseeds & pulses, and turf & ornamentals. Cereals & grains are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years due to increasing demands for food crops. The increasing population of the country and demands for food security for the whole population also support the growth of the segment along with the growth of the United Kingdom plant growth regulators (PGRs) market in the next five years. Based on function, the market is also analyzed among stimulators, promotors, inhibitors, and retardants. By formulations, the market is also bifurcated into water-dispersible & water-soluble granules, solutions, wettable powders, and tablets. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among London, East Anglia, Southwest, Southeast, Scotland, East Midlands, and Yorkshire & Humberside.
A partial list of major market players in the UK plant growth regulators (PGRs) market includes :
- BASF UK Limited
- ayer UK Limited
- Syngenta (UK) Limited
- Nufarm UK Limited
- Sumitomo Chemical (UK) Plc.
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“Increased investment and advancement in the plant hormones and plant growth regulators (PGRs) drive the growth of the market. Growing acceptance of modern farming techniques further supports the growth of the market in recent years. Leading manufacturers are also setting up their manufacturing units in the country along with focusing on the development of more advanced and potent products that are anticipated to further support the growth of the United Kingdom plant growth regulators (PGRs) market. Increasing number of market players in the country dedicated to providing an advanced and new line of products launching in the industry further support the market growth. New market players are advised to focus on investing their resources and finances in evolving their research as well as product development to establish their brand in the market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“UK Plant Growth Regulators (PGRs) Market By Type (Auxin, Gibberellin, Cytokinin, Others), By Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Turf & Ornamentals), By Function (Stimulators, Promotors, Inhibitors, Retardants), By Formulation (Water-Dispersible & Water-Soluble Granules, Solutions, Wettable Powders, Tablets), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of the UK plant growth regulators (PGRs) market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United Kingdom plant growth regulators (PGRs) market.
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