The global flowering stimulants market was valued at USD 96.12 billion in 2023 and is anticipated to reach USD 104.05 billion in 2024 from USD 196.51 billion by 2032, growing at a CAGR of 8.27% from 2024 to 2032.
The flowering of plants is essential in both agriculture and horticulture. In horticulture, good flower yield is the priority to bear fruits, and in agriculture also, good flowering gives a good yield. So, farmers always try to increase the flower yield by using excessive fertilizers, both organic and chemical. This increases the yield, but it has a limit to the growth, and the use of excessive fertilizers supports the growth of other vegetation, which is not desirable.
Flower formation in plants is stimulated by certain hormones namely auxin, cytokinin, gibberellic acid, and Ethylene. Flowering stimulants increase the production of these substances in the plant and also in ratios favorable for flower yield. Currently, Nitrobenzene mixed with some other chemicals is the best and most used stimulant. It is estimated that flowering stimulants increase the flower yield by more than 40%.
The increase in crop yields has become stagnant due to the increase in the use of fertilizers and other chemicals. This increased the demand for alternatives, which can increase the crop yield, resulting in the demand for flowering stimulants. The increasing necessity to improve crop yields due to the decreasing agricultural land, rapidly increasing population, and increasing awareness among people regarding the stimulants are expected to drive the flowering stimulants market. However, the availability of alternate chemicals and strict approval regulations are restricting market growth.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2023 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024 to 2032 |
|
CAGR |
8.27% |
|
Segments Covered |
By Type, Application, and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Greenland Bio-Science, Molecule Agri, Nitesh Agro Industries, Sikko Industries, Redox Industries, Rishabh Intermediates, Bhartiya Fertilizers and Chemicals, and Agrichem Life Science and Others. |
Liquid flowering stimulants hold the largest market share as they are easily absorbed by the plant within a short time.
The usage of flowering stimulants is very high in horticulture. It is because of the restrictions on the use of many fertilizers in horticulture. The agriculture segment is expected to be the fastest-growing segment due to the increasing popularity for flowering stimulants.
REGIONAL ANALYSIS
The Asia Pacific holds the largest market share. It is because Asia Pacific is the leading cultivator of horticulture where flowering stimulants are widely used. Latin America is expected to be the fastest-growing segment due to the increasing awareness among consumers.
Some of the major players in the Flowering Stimulants market are Greenland Bio-Science, Molecule Agri, Nitesh Agro Industries, Sikko Industries, Redox Industries, Rishabh Intermediates, Bhartiya Fertilizers and Chemicals, and Agrichem Life Science.
By Type
By Application
By Region
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region