The key players profiled in the plant growth regulators market, which have a strong global presence include BASF (Germany), Dow Chemical (US), Syngenta (Switzerland), FMC Corporation (US), and Nufarm (Australia). Other players include Bayer CropScience (Germany), Nippon Soda (Japan), Tata Chemicals (India), Valent Biosciences (US), Xinyi Industrial (China), ADAMA (Israel), and Arysta LifeScience (France).
The key market players adopted various growth strategies such as expansions, mergers & acquisitions to cater to the increasing demand for plant growth regulators. Companies have been expanding their operations in various geographies across the globe to establish themselves as leading players in the plant growth regulators market.
Companies such as BASF and FMC Corporation are focusing on expanding their plant growth regulator manufacturing capacity to strengthen their presence in the market. Some key companies also adopted strategies such as agreements and acquisitions to expand their reach geographically.
Syngenta, one of the global leaders in the plant growth regulators market, offers a wide range of plant growth regulator products to increase crop yield and improve food quality. The company has advanced manufacturing facilities in Switzerland, the US, UK, France, India, China, and Brazil. Syngenta focuses on strengthening its market position by adopting strategies such as expansions by setting up new facilities as well as expanding the capacities of its existing facilities. In October 2016, Syngenta set up production facilities in Brazil and Switzerland, which expanded its production capacity to cater to the increasing demand for plant growth regulators in these countries.
BASF provides plant growth regulator products based on natural plant hormones such as cytokinins, gibberellins, auxins, ethylene, and abscisic acid for various applications such as stimulation of cell multiplication in roots and tillers, development of all plant organs, elongation & division of cells, and inhibition of plant growth and ripening. The company invests in expansions for the development of new facilities to cater to its widespread customer base and focuses on establishing new facilities to stay ahead of its competitors. In April 2016, the company set up an R&D center in Germany for the development of biological crop protection and seed solutions. In September 2017, BASF set up a manufacturing facility in Canada. This expansion helped the company to provide plant growth regulators across the North American and European markets.
Plant Growth Regulators Market by Type (Auxins, Cytokinins, Gibberellins, Ethylene), Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, Turf & Ornamentals), Formulation, Function, and Region - Global Forecast to 2022
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