Acknowledging the increasing demand, uptake, and hence the enormous growth that the market perceives at present, Market Research Future (MRFR) in its recently issued study report asserts that the global plant activators market will witness exponential accruals registering a healthy CAGR during the review period (2017 – 2023).
Plant Activators are substances that increase crops’ natural defense mechanisms. These substrates do not directly attack pathogens but trigger biochemical modifications in plants so they may defend against pests. Just like human antibodies plant activators are essential in plants to resist attacks from pests such as fungal or bacterial pathogens or insects.
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The rapidly growing demand for food driven by the ever-increasing population worldwide is a dominant driving force behind the growth of the market, augmenting the demand and adoption of plant activators. Besides, the increasing demand for enhanced crop productivity has raised the demand for plant activators globally.
The growing interest in plant health and soil-plant interactions has collectively hatched the concept of plant activators that can be commercially available and sprinkled, sprayed, or used in the soil treatment. Using plant activators is a cost-efficient mean of pushing yields to escalated limits. Although plant activators have just begun to test the market, they are already witnessing a huge demand across the world.
The idea of increasing crop cultivation in space has been discussed around for long. This newly found application area of plant activators, i.e. space farming is likely to provide a considerable impetus to the growth of the market. Additionally, the prospective opportunities of long-term human space expedition have sustainably raised the need to find alternative options to provide food for the people in space.
The plant activators market appears to be highly competitive with several large and small key players accounting for a substantial market share. These players emphasizing on new product development initiatives, and geographical expansion compete based upon price and brand reinforcement. Well established players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and technology launch to gain an edge over their competitors and to maintain their position in the market.
Key players leading the global plant activators market include Isagro (Italy), Syngenta (Switzerland), Plant Health Care (US), Arysta LifeScience Corporation (US), Alltech (US), Nihon Nohyaku Co. Ltd (Japan), Certis USA LLC (US), Meiji Holdings Co. Ltd (Japan), Gowan Company (US), Futureco Bioscience SA (Spain), Eagle Plant Protect Private Limited (India), and NutriAg Inc. (Canada) among others.
Global Plant Activators Market – Segments
The global plant activators market has been segmented based on source, form, crop type, mode of application, and region.
Based on source, the global plant activators market has been divided into biological and chemical.
On the basis of form, the global plant activators market has been classified as granules, solutions, and powders.
By crop type, the global market for plant activators has been segregated into fruits and vegetables, cereals and grains, oilseeds and pulses, and turf and ornamentals.
The market has also been segmented based on mode of application into foliar spray and soil treatment.
Global Plant Activators Market – Regional Analysis
The European region, heading with the huge uptake of this product dominates the global plant activators market, in terms of both revenues as well as market size. Europe has the world’s largest area under plant activators production, and the market in this region is anticipated to register a considerable CAGR during 2017 -2023.
Depleting agricultural land is resulting in the increasing demand for plant activators to ensure the longevity of the plants and hence, increased productivity in the available land. Additionally, rising demand for pulses, grains, and oilseeds in some of the European countries such as the U.K, Germany, and France is projected to boost the plant activators market during the forecast period.
The plant activators market in the Asia Pacific region accounts for the second largest market, globally. Factors such as the abundant availability of cultivated land have uplifted the demand for plant activators in the region. Also, the trend of organic farming is escalating the demand for bio-activators.
The North American plant activators market is rapidly emerging as a profitable market, globally. The horticulture and aquaculture sector majorly lead the market in the region. Besides the recent trend of hydroponic, Aquaponics, and vertical farming are substantiating the market growth of plant activators in the region.
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Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics Of Global Plant Activators Market
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