DUBLIN--(BUSINESS WIRE)--The "Plant Activators Market by Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Turf & Ornamentals), Mode of Application (Foliar Spray, Soil Treatment), Source (Biological, Chemical), Form, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The plant activators market is estimated at USD 636.76 million in 2018 and projected to grow at a CAGR of 6.6%, to reach USD 878.38 million by 2023.
The market is driven by factors such as an increase in crop production, ease of application, increase in need for food security for the increasing population, and rise in consumer demand for organic foods. The change in farming practices (from traditional to modernized), clubbed with advanced technologies and promotion by the governments of many countries across the world also drive the demand for plant activators. However, the high dependence of chemical crop protection products and limited availability of biological plant activators are some of the factors restraining the growth of the plant activators market.
On the basis of source, the biological segment is expected to exhibit a higher CAGR from 2018 to 2023. The use of biological plant activators has rapidly increased as they offer greater efficacy, low residue levels, and crop and environment safety; hence, the demand for biological plant activators is expected to increase in the coming years. The high cost of developing new chemical pesticides, increase in insect & weed resistance to chemical treatments, and high regulatory pressure to limit chemical usage with respect to ecosystem damage also to an increase in demand for biological plant activator products.
Asia Pacific is projected to be the fastest-growing market for plant activators during the forecast period. The region is an emerging market for plant activators with investments from several multinational manufacturers, especially in countries such as China, New Zealand, and Japan. The increasing adoption of modern agricultural practices and requirement of high-quality fruit & vegetable produce for exports are expected to drive the growth of the plant activators market in the region.
Leading players profiled in this report:
- Isagro S.P.A
- Plant Health Care, Inc.
- Arysta Lifescience
- Nihon Nohyaku Co., Ltd
- Meiji Seika Kaisha Ltd
- Certis USA
- Gowan Company, LLC
- Futureco Bioscience
- NutriAg Inc.
- Eagle Plant Protect Pvt. Ltd.
Key Topics Covered:
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Plant Activators Market, By Crop Type
- Plant Activators Market, By Mode of Application
- Plant Activators Market, By Source
- Plant Activators Market, By Form
- Plant Activators Market, By Region
- Competitive Landscape
- Company Profiles
For more information about this report, visit https://www.researchandmarkets.com/research/jrthfx/plant_activators?w=4.