Plant Activators Market Outlook
The global plant activators market is projected to garner revenue amounting to USD 1.3 billion by 2030. It can exhibit a CAGR of 6.7% during the forecast period. Significant loss of crops due to conditions of drought, heat, and bacterial & fungal diseases is expected to drive the market demand. Evolution of farming techniques and improvements in integrated pest management methods can drive the market growth.
Plant activators are chemicals which can trigger the defense systems of plants during abiotic or biotic stress conditions. The global plant activators market report by Market Research Future (MRFR) provides a summary of the report with salient factors of drivers, restraints, segments, and regions analysis for the period between 2019 and 2030 (forecast period). Top and bottom approaches have been used to estimate and validate the various predictions for the global market.
Rise in farming expenditure combined with subsidies provided to farmers for healthy cultivation of crops across developed nations is predicted to spur the global plant activators market. Awareness of the benefits of plant activators and investments in the agriculture sector can be lucrative for the global market growth. Protection provided by plant activators can influence its sales highly globally. Cultivation of special plants and use of protective chemicals to ward off pests can fuel the plant activators market.
However, challenges in the form of unavailability of products and dependence of farmers on chemicals can be detrimental to market growth.
Competitive Outlook
Gowan Company, Arysta LifeScience Corporation, Nihon Nohyaku Co. Ltd, Certis USA LLC, NutriAg Inc., Plant Health Care, BASF SE, Meiji Holdings Co. Ltd, Syngenta, Isagro, Future Bioscience SA, and Eagle Plant Protect Private Limited are reputed companies currently operating in the global plant activators market.
Segmentation Analysis
The global plant activators market report has been segmented based on source, form, mode of application, and crop type
By source, the global plant activators market has been classified as biological and chemical. Biological plant activators can dominate the market till the end of the forecast period owing to the benefits of enhanced growth, effective pest and insect management, improved nutrient concentration, and high crop efficiency. In addition, high yields of crops with minimal damage to the environment can bolster segment growth until 2030.
The global plant activators market has also been segmented on the basis of form into powder, granules, and liquid.
Based on the mode of application, the market has been segmented into foliar, soil treatment, and others. The foliar segment can enjoy massive growth in the coming years due to its ease of application as well as high effectiveness.
By crop type, the global plant activators market trends has been classified as fruits and vegetables, pulses and oilseeds, cereals and grains, and others. Cereals and grains are expected to be the biggest segment during the forecast period owing to the consumption of wheat and rice globally. On the other hand, fruits and vegetables can account for the lion's share of the market owing to health consciousness among consumers and a high consumption rate. Export of fruits to other countries for trading is one of the prime factors driving the segment growth.
Regional Analysis
North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW) are the major regions discussed in terms of the global plant activators market.
Europe held the largest plant activators market share in 2017 and predicted to expand at a massive growth rate during the forecast period. Optimization of arable land is projected to be the prime factor driving the market growth. Long-term production rate of crops can drive the demand for plant activators till the end of the forecast periods.
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