Agriculture Anti Transpirant Market

Global Agriculture Anti-Transpirant Market Size (2024 to 2032)

The global agriculture anti-transpirant market was expected to ba valued at USD 14.61 billion in 2023 and is anticipated to reach USD 15.31 billion in 2024 from USD 22.28 billion by 2032, growing at a CAGR of 4.8% from 2024 to 2032.

The process through which water is brought all the way from roots of the plant to the underside of leaves, where it evaporates and is released into the atmosphere is called transpiration. Transpiration is necessary for a plant to transfer materials inside it. However, there are instances such as high temperatures in which transpiration takes place at a faster pace.

To prevent excessive water loss from the plant, it is required to prevent or reduce transpiration. Anti-transpirants are used for this purpose. They are made from natural or chemical compounds. They are generally applied to the leaves of plants to reduce transpiration. They are used on crops, cut flowers, Christmas trees, and newly planted shrubs to protect them from drying out. Some of the anti-transpirants work by inhibiting the release of hydrogen cations from the guard cells or by inducing stomatal closure.

Market Drivers and Restraints

The inability to supply sufficient water for the plants due to the increasing water scarcity is the major factor for the increase in demand for anti-transpirants. Increasing horticulture practice, the growing popularity of gardens and homegrown shrubs due to the increase in disposable incomes, and the increasing use of cut flowers and small trees for decorative and aesthetic purposes are expected to drive the growth of the agriculture's anti-transpirant market. However, a lack of proper awareness among farmers and high prices of the products are restraining the market growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Agriculture Anti-Transpirant Market By Type

• Stomatal Closing Type
• Film Forming Type
• Reflectance Type
• Growth retardant

Global Agriculture Anti-Transpirant Market By Application

• Crops
• Garden
• Turf and Ornamental. Crops

Stomatal Closing type transpirants lead the market as some of the fungicides and herbicides also function as anti-transpirants by inducing stomatal closure. lead the anti-transpirants market as crops account for most of the agriculture in the world. Anti-transpirants are mostly used in horticulture to prevent too much loss of water and also to prevent too much growth of shoots of the plants. Newly planted shrubs and small plants in gardens cannot withstand the huge loss of water, and hence, gardens are the fastest-growing market segment.

REGIONAL ANALYSIS

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

North America leads the Agriculture Anti Transpirant market due to the high adoption rate of these products, especially in horticulture. Asia Pacific is the fastest growing market segment due to the growing awareness among farmers and other agricultural practitioners and also due to the presence of large agricultural land.

KEY MARKET PLAYERS

Some of the major players in Agriculture Anti Transpirant market are Miller Chemical & Fertilizer, Beijing Shenlanlin, Coastal AgroBusiness, Wilt-Pruf Products, Sumi Agro, PBI-Gordon Corporation, Bonide, Aquatrols, and Shanghai.