Plant hormones are referred to as plant growth regulators (PGRs) or phytohormones, can be defined as plant supplement or plant nutrition. Plant hormones are chemicals just like animal hormones that help in the growth, development, and functioning of plants.
Just as animals, plants too are living organisms that function as a unit, carrying out vital biochemical reactions that are required to survive. These hormones help in formation of tissues, respiration, energy production, and even plant longevity and death. In addition to helping in the formation of leaves, flowers, stems, fruit, etc. plant hormones also help in determining the gender of the flowers, the color of the fruits, and leaves.
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Some of the eminent leaders of the market include Syngenta AG (Switzerland), BASF SE (Germany), The Dow Chemical Company (U.S.), FMC Corporation (U.S.), Nufarm Australia Ltd. (Australia), Bayer CropScience AG (Germany), Tata Chemicals Ltd. (India), Adama Agricultural Solutions Ltd. (Israel), Valent BioSciences Corporation (U.S.), and Shanghai Xinyi Industry Co., Ltd. (China).
The European region dominates the global plant hormones market, in terms of both market size as well as revenue. The region has the world’s largest area under plant hormones production, and its growth rate is anticipated to grow at a substantial CAGR during 2017 -2023.
The Asia Pacific region accounts for another lucrative market for plant hormones, closely following the European market. Factors such as the abundant availability of cultivating land for organic farming has uplifted the demand for plant hormones in the region. Furthermore, the ever-increasing population encourages the use to plant hormones, creating a significant demand for fruits and vegetables.
MRFR has segmented its analysis into five key dynamics for an easy grasp;
By Types: Auxins, Cytokinins, Ethylene, and Gibberellins among others.
By Functions: Growth Inhibitors and Growth Promoters among others.
By Formulation: Powders, Granules, and Solutions among others.
By Applications: Fruits & Vegetables, Cereals & Pulses among others.
By Regions: North America, Europe, APAC and the Rest-of-the-World.
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October 17, 2018 – Plant biologists at the University of Zurich (Switzerland) published their study of reviewing the use of plant hormones, as a tool for space farming in the magazine – Nature. The paper proves that plant hormones can be used for space farming so that food can be produced in extra-terrestrial environments.
