Plant Growth Regulators Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis
The plant growth regulators market was estimated at USD 2.26 billion in 2022 and is likely to grow at a CAGR of 7.79% during 2023-2028 to reach USD 3.58 billion in 2028.
Market Drivers:
These factors are expected to boost the demand for the market in the coming year:
Increasing investment in the agriculture sector globally And increasing the trend of organic farming.
Global demand for all types of crops, like cereals, etc. is rising as a result of the rapidly increasing population, and changing consumer lifestyles.
Due to the growing demand for the use of PGRs in fruit plants, the global trade and production of fruits are expanding.