"Plant Activators Market Analysis: Targeting USD 1.3 Billion by 2030"
Plant Activators Market Overview
Plant Activators Market garner a revenue of USD 1.3 Billion by 2030 with a CAGR of approximately 6.8% during the forecast period of 2022–2030.
Plant activators are chemicals that induce plant defense responses to a wide range of pathogens and abiotic stresses. They activate the genes in plants involved in the production of defense-related proteins and enzymes. This helps to strengthen the plant’s immune system and make it more resistant to pests, diseases, and other stresses.
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Competitive Analysis:
Some of the prominent players in the global market of plant activators are Syngenta (Switzerland), Isagro (Italy), Plant HealthCare (US), Alltech (US), Arysta Lifescience Corporation (US), Nihon Nohyaku Co. Ltd (Japan), Meiji Holdings Co. Ltd (Japan), Certis USA LLC (US), Gowan Company (US), Eagle Plant Protect Private Limited (India), Futureco Bioscience SA (Spain), NutriAg Inc. (Canada).
The global plant activators market has been segmented based on source, form, crop type, mode of application, and region.
Based on source, the market has been segmented into biological and chemical. Biological plant activators offer benefits such as improved crop efficiency, improved nutrient concentration in soil, enhanced growth and yield to plants, and effective insect and pest control. Also, they are less expensive than chemical plant activators. The price of chemical plant activators is rising due to research and development carried out to increase the arability of soil, whereas, biological plant activators offer high yield and with minimal impact on the environment. This accounts for the growth of the biological plant activators segment during the forecast period.
Based on form, the global plant activators market has been classified as granules, solutions, and powders. The use of a particular form of plant activator depends on the crop; however, the use of solutions in the form of foliar sprays has been increasing in recent years due to ease of application.
On the basis of crop type, the market has been segmented into fruits and vegetables, cereals and grains, oilseeds and pulses, and turf and ornamentals. Cereals and grains is expected to be the leading segment during the forecast period due to the high consumption of rice and wheat across the globe.
The global plant activators market has been segmented, based on mode of application, into foliar spray and soil treatment. Foliar sprays are directly applied on to crops and are the most widely used mode of application owing to their high effectiveness and ease of application.
Regional Analysis
The market has been segmented with respect to five regions — Europe, Asia-Pacific, North America, Latin America, and the Middle East & Africa. The European market held the largest share of the global market in 2017 and is expected to grow at a significant rate during the forecast period. Asia-Pacific is projected to be the second-largest and fastest-growing market during the review period. The North American market is expected to showcase moderate growth, while the markets in Latin America and the Middle East & Africa are expected to grow steadily during the forecast period.
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