With Over US$855 Million Projected Opportunity for the Taking, Spotting the Right Trends in the Plant Activators Market is Crucial to Staying Ahead
The global market for Plant Activators is projected to reach US$855.2 million by 2025, driven by the growing focus shed on plant immunity as the best strategy to increase yield productivity against the backdrop of the loss of arable land.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Plant Activators market. Report segmentation includes Crop (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Turf & Ornamentals); Mode of Application (Foliar Spray, Soil Treatment, Other Mode of Applications); Source (Biological, Chemical) ).
21 June 2:47 A.M., California/Marketwire/ - According to the new market research report, the global market for Plant Activators is projected to reach US$855.2 million by 2025, driven by the growing focus shed on plant immunity as the best strategy to increase yield productivity against the backdrop of the loss of arable land. Declining agricultural productivity is the starting point for increased use of innovative plant growth promoters and activators. Loss of agricultural land is a major concern that directly impacts the ability to produce food needed to feed the growing human population. On an average over 3.5 million hectares of agricultural lands are lost per annum worldwide due to land destruction/pollution, soil degradation, soil erosion, and loss of fertility. An additional 4.8 million hectares are lost due to land diversion for non-agricultural purposes such as urbanization, roads, industry, housing and infrastructure development.
Highlighting the magnitude of land degradation and land conversion is the fact that in the United States alone over the last 35 to 40 years over 145 million hectares of agricultural land has been lost. While arable land use per capita is the prime reason for declining agricultural productivity the world over, several other factors are also responsible for decline in overall agricultural land productivity. These include decreased varieties of crops produced, non-availability of high quality seeds, fertilizers and lack of proper irrigation, delayed sowing of crops, increased plant density aggravated by arable land shortage; ill-trained farm labor; wasteful irrigation methods; ill-managed water resources; lack of adoption of new technologies; lack of quality control of seeds; soil degradation caused by excessive use of chemical pesticides and fertilizers; among others.
While mechanization, which symbolizes industrialized agriculture, is one of the antidotes to the problem of low agricultural yields, also equally important is the use of crop/plant yield boosting technologies such as soil fertility enhancer chemicals, chemical fertilizers, organic plant growth enhancer, soil booster, multipurpose liquid tonic for all the crops and vegetables, plant immune boosters, among others. Receiving significant interest among these categories is "Plant Activators". Benefits of plant activators driving their adoption include induced resistance is the most optimum way to control crop diseases and improve yields; plant activators generate long?lasting resistance to pests and pathogens; activators enable rapid synthesis of toxic metabolites & defensive proteins when under attack from pathogens; plant activators are suitable for building defense against insect herbivores, biotrophic and necrotrophic pathogens. Seed treatments with synthetic activators are now ready for commercial exploitation with research studies showing no noticeable retardation in growth. In addition, newer innovative plant activators with lower side-effects such as reduced growth and reproductive fitness is bringing in new revenue opportunities.
Few of the trends influencing growth in the market include growing popularity of biological plant activators; monocropping practices and its impact on plant health and quality predisposing it to diseases; aggravating impact of climate change and global warming on already rising food security concerns; legislations of regulations curbing excessive pesticide use and the ensuing focus on alternatives for yield management; demand for organic food, expansion in organic farmlands and increased demand for natural plant activators. Europe, Latin America and the U.S represent large markets worldwide with a combined share of 64.8%. China ranks as the fastest growing market with an 8.8% CAGR over the analysis period supported by the country`s huge agricultural sector. With over 380 million farmers; with the world`s largest farm output; and with a 13% contribution to national GDP, agriculture in China is huge and evolving. Agricultural reforms in the country such as modern farming methods and use of scientific materials for yield improvement, are underway as the government seeks to boost its rural economy. The scenario bodes well for the adoption of activators as the best management strategy to combat plant diseases.
Key Competitors Covered in the Report
Alltech Crop Science
Certis USA LLC
Eagle Plant Protect Pvt. Ltd.
FUTURECO BIOSCIENCE S.A.
Meiji Holdings Co., Ltd.
Nihon Nohyaku Co., Ltd.
NutriAg Group Ltd.
Plant Health Care, Inc.
Syngenta AG , UPL Limited
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 2992. Among this pool, 538 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 92 unique participations, a total of 41 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
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