Expanding Plant Growth Regulator Market Forecasted to Reach a Valuation of USD 9.5 Billion by 2034 | Anticipated Compound Annual Growth Rate of 11.1%
Plant Growth Regulator Market Set for Significant Expansion by 2034
The global Plant Growth Regulator (PGR) Market is poised for substantial growth, with a projected value of approximately USD 9.5 billion by 2034. This market expansion is driven by several key factors, including the increasing demand for enhanced crop yields to support global food security amid growing populations, the rising adoption of advanced agricultural biotechnologies, and a growing focus on sustainable agriculture.
The market analysis covers regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, the market was valued at USD 3.3 billion, with Cytokinins holding a leading position, accounting for 34.2% of the market share.
The Asia Pacific region is projected to contribute a major share of growth in agricultural production and demand for PGRs due to expanding agricultural activities and investments in crop yield improvements. Notably, emerging economies such as India are driving this demand.
Crop types likely to dominate include staples and fruits/vegetables, particularly in regions like Africa and Asia, due to yield improvement investments. The fruits and vegetables segment captured a significant 39.8% share in the market in 2024. Examples of crops within these segments include fruits, vegetables, corn, wheat, rice, cotton, soybean, sunflower, and others.
Major players in the market include Syngenta, with Regalis Plus for horticultural crops, BASF with a new line of bio-based PGRs launched in April 2025, UPL with PIX® WSG for cotton growth improvement, and Nufarm with Anuew EZ for turf improvement.
Corteva, Sichuan Guoguang Agrochemical, Bayer, Arysta LifeScience, FMC, and Sumitomo Chemical are among the other key players in the market. Corteva, for instance, has a PGR portfolio that includes Miraculan, and the company is focusing on biologicals to reach $1 billion in annual revenues.
As the market grows, it is segmented by crop type into Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, and Turf and Ornamentals. The global market is expected to grow at a compound annual growth rate (CAGR) of 11.1% from 2025 to 2034.
In addition to the aforementioned players, companies like Arysta LifeScience have introduced new PGRs such as APPETIZER® in Ukraine and Atonik in the Philippines. FMC has developed DodhylexTM, a new mode of action herbicide. Europe emerged as the market leader in 2024, holding 41.9% of the global share. Sumitomo Chemical Australia's PGR offerings include ProTone SG and Sunny.
In conclusion, the Asia Pacific region leads in market share, with emerging economies such as India driving demand, supported by growing investments in agricultural yield enhancement technologies like PGRs. Crop types likely to dominate include staples and fruits/vegetables benefiting from such growth regulators. The market growth is propelled by technological adoption, sustainable farming trends, and rising agricultural production primarily in emerging regions up to 2034.
[1] Market Analysis Report on Plant Growth Regulators, 2025. [2] Agricultural Trends and Investments in PGRs, 2024. [4] Global Agricultural Productivity and PGR Market Growth Projections, 2025-2034.
- To capitalize on the increasing demand for agricultural growth regulators and support their business strategies, companies are investing significantly in the development and launch of new Plant Growth Regulators (PGRs) in various regions.
- In the realm of finance, the global Plant Growth Regulator (PGR) Market is experiencing steady growth, fueled by investments in sustainability, technological advancements, and the expansion of agricultural activities in emerging markets.
