Plant Activators Market Size by Competitor Analysis, Regional Portfolio, and Forecast 2030
Plant Activators Market Overview
Plant
Activators Market garner a revenue of USD 1.3 Billion by 2030 with a CAGR of
approximately 6.8% during the forecast period of 2022–2030.
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.
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.
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 (2022 – 2030).
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 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 very concept of establishing lives in
space indicates towards the heydays that plant activators are about to witness.
On the other hand, factors expected to impede the market growth include the
demand and supply gap in the raw materials required in the production of these
activators and others that are unreasonably increasing the prices of these
activators.
Global Plant Activators Market –
Competitive Analysis
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.
Major Players:
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
For ease of understanding, the plant
activators market overview has been segmented into five key dynamics: -
By
Source
: Biological and Chemical.
By
Form
: Granules, Solutions, and Powders among others
By Crop
Type
: Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, and Turf
& Ornamentals among others.
by mode of application: foliar spray and
soil treatment, among others
By
Regions
: North America, Asia Pacific, Europe, and the Rest-of-the-World.
Global Plant Activators Market: Regional
Analysis
The European region, led by the huge uptake
of this product, dominates the global plant activators market in terms of both
revenues and 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 2022–2030.
Depleting agricultural land is resulting in
an increase in demand for plant activators to ensure the longevity of the
plants and, hence, increased productivity on the available land. Furthermore,
increased demand for pulses, grains, and oilseeds in some European nations such
as the United Kingdom, Germany, and France is expected to drive the plant
activators market size 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 towards organic farming is escalating
the demand for bioactivators. Furthermore, the ever-increasing population
encourages the use of plant activators, creating a significant demand for
fruits and vegetables.
The North American plant activators market
is rapidly emerging as a profitable market globally. The horticulture and
aquaculture sectors dominate the market in the region. Besides the recent trend
of hydroponics, aquaponics, and vertical farming, these methods are
substantiating the market growth of plant activators in the region.
Industry/ Innovation/ Related News:
December 27, 2018 –--- BioPrime
AgriSolutions Pvt Ltd (India), a DIPP recognized advanced agri-biotech company
announced receiving cash prizes and investment opportunities in the recent
National Bio-entrepreneurship Competition for its bio-activators. These
bio-activators can act as an alternative to conventional chemical pesticides
and allow growers to maintain beneficial insect (natural predator) populations
in their fields.
BioPrime develops alternative bio-organic
and sustainable solutions for crop improvement, nutrition, and protection. With
agricultural biologicals acting as bio-activators, the company ensures
sustainable crops despite the growing impact of climate change and crop losses.
These bio-activators are soon to replace chemical fertilizers.
The National Bio-entrepreneurship
Competition was organized by a joint initiative of C-CAMP (Centre for Cellular
and Molecular Platforms) under the BIRAC (Biotechnology Industry Research
Assistance Council), and Regional Entrepreneurship Centre (BREC).
Contact us:
Market Research Future (part of Wantstats Research and Media Private
Limited),
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