Plant Growth Regulators Market Size Worth $6.52 Billion by 2020: Grand View Research, Inc.

Demand for the product is likely to increase on account of decreasing area of productive land, growing urbanization, and rising global population Declining agricultural yield due to climatic changes coupled with increasing consumer preference for organic food products is expected to positively affect the growth of the market.

The area of agricultural land available in developed countries has been decreasing rapidly, which is likely to affect food security in the long term. The main reasons behind loss of agricultural land are the use of agricultural land for non-agricultural applications, abandonment of agricultural activities, and use for other agro-forest activities.

High penetration of plant growth regulators in the agriculture industry of various countries including U.S., China, India, and Brazil is likely to augment the market. Flourishing organic vegetable & fruit industry, increasing fruit & seed production, and rapid expansion of the beer industry are anticipated to escalate the growth of the market.

Browse full research report with TOC on "Plant Growth Regulators (PGRs) Market Size, Share & Trends Analysis Report By Product (Cytokinins, Auxins), By Region (North America, Europe, Asia Pacific, RoW), Vendor Landscape, And Segment Forecasts, 2012 - 2020" at:https://www.grandviewresearch.com/industry-analysis/plant-growth-regulators-market

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