Plant Growth Regulator Market Is Encouraged to Reach USD 9.5 Bn by 2034 | CAGR of 11.1%

Overview

The global Plant Growth Regulator Market is projected to reach approximately USD 9.5 billion by 2034, rising from USD 3.3 billion in 2024, with a robust compound annual growth rate (CAGR) of 11.1% during the forecast period from 2025 to 2034. This growth is primarily driven by increasing global demand for quality crop production and food security, particularly in developing regions where arable land is limited. The ability of plant growth regulators to optimize yields under sub-optimal agricultural conditions has made them an essential tool in modern farming.

Moreover, the growing application of these regulators in ornamental horticulture and turf management sectors is further supporting market expansion. Notably, government investments in agriculture remain substantial; for example, India allocated ₹1.52 lakh crore to agriculture, reflecting strong policy support.

In terms of market segmentation by type, cytokinins held a leading position in 2024 with a 34.2% share. This dominance is largely due to their effectiveness in promoting cell division, delaying leaf aging (senescence), and enhancing nutrient transport within plants, which are vital for crop health and productivity. By crop type, the fruits and vegetables segment captured a significant 39.8% share in 2024, underscoring the growing use of plant growth regulators to improve the size, appearance, and shelf life of horticultural products.

Regionally, Europe emerged as the market leader in 2024, holding 41.9% of the global share, valued at approximately USD 1.3 billion. This leadership is attributed to the region’s well-developed agricultural infrastructure, widespread adoption of advanced farming techniques, and strong focus on high-value crops, which collectively drive the uptake of plant growth regulators.

Key Takeaways

• Global Plant Growth Regulator Market is expected to be worth around USD 9.5 billion by 2034, up from USD 3.3 billion in 2024, and grow at a CAGR of 11.1% from 2025 to 2034.
• Cytokinins dominate the Plant Growth Regulator Market, capturing 34.2% due to their role in cell division.
• Fruits and Vegetables lead the Plant Growth Regulator Market with 39.8%, driven by quality and yield demands.
• The European market value reached approximately USD 1.3 billion during the same year.

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Report Scope

Key Market Segments

By Type

• Cytokinins
• Auxins
• Gibberellins
• Ethylene
• Others

By Crop Type

• Fruits and Vegetables
  • Fruits
  • Vegetables
• Cereals and Grains
  • Corn
  • Wheat
  • Rice
  • Others
• Oilseeds and Pulses
  • Cotton
  • Soybean
  • Sunflower
  • Others
• Turf and Ornamentals

Regional Analysis

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Recent Developments

Arysta LifeScience has expanded its portfolio with the introduction of APPETIZER®, a plant growth regulator registered in Ukraine. This product is designed to enhance crop yield and quality by regulating plant growth. Additionally, in June 2022, Arysta launched Atonik in the Philippines, a PGR that improves plant vigor, root development, and stress tolerance.

BASF has introduced a new line of bio-based Plant Growth Regulators (PGRs) in April 2025. These formulations leverage natural plant extracts and biostimulants to enhance crop resilience and yield under climate stress conditions, promoting sustainable farming practices.

Bayer’s PGR offerings include Ethrel, which promotes uniform ripening and enhances fruit quality in crops like mango, pineapple, and tomato. Another product, Planofix, is used to regulate plant growth and improve fruit shape and size in various crops.

Corteva’s PGR portfolio includes Miraculan, a growth promoter that enhances fruit setting and yield in vegetables. The company is also focusing on biologicals, targeting $1 billion in annual revenues by the end of the decade, to sustainably increase yields.

FMC has achieved a significant milestone with the development of Dodhylex™, a new mode of action herbicide. This product is designed to manage herbicide resistance in crops like rice, offering an effective solution for growers.

Nufarm’s Anuew EZ is a plant growth regulator that delivers long-lasting growth regulation on cool-season turf and faster regulation on warm-season turf. It helps improve turf density, color, and appearance.

Sichuan Guoguang Agrochemical has partnered with Nanjing Agricultural University to establish the Natural Small-Molecule Pesticide Industry Research Institute. This collaboration aims to advance research in pesticide and plant growth regulator development.

Sumitomo Chemical Australia’s PGR offerings include ProTone SG, which accelerates red coloration in grape berries, and Sunny, which enhances fruit shape and size in avocados. These products help improve crop quality and yield.

Syngenta’s Regalis Plus is a plant growth regulator that helps manage plant height and improve crop quality in various horticultural crops. The company continues to innovate in the PGR sector to support sustainable agriculture practices.

UPL’s PIX® WSG is a patented water-soluble granule formulation of mepiquat chloride, a plant growth regulator used to manage cotton growth and improve fiber quality. The company continues to develop innovative PGR solutions to support global agriculture.

Key Players Analysis

• Arysta Life science
• BASF SE
• Bayer AG
• Corteva, Inc.
• FMC Corporation
• Nufarm Ltd.
• Sichuan Guoguang Agrochemical Co., Ltd
• Sumitomo Chemical Australia
• Syngenta AG
• TATA Chemicals Limited
• UPL Limited

Conclusion

In conclusion, the PGRs market is poised for significant growth, offering opportunities for stakeholders to invest in innovative solutions that enhance crop productivity and contribute to sustainable agricultural practices.

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