United Kingdom Plant Growth Regulators (PGRs) Market Insights Forecasts to 2033

• The United Kingdom Plant Growth Regulators (PGRs) Market Size was valued at USD 292.53 Million in 2023.
• The Market Size is Growing at a CAGR of 4.45% from 2023 to 2033.
• The United Kingdom Plant Growth Regulators (PGRs) Market Size is Expected to Reach USD 451.94 Million by 2033.

The United Kingdom Plant Growth Regulators (PGRs) Market Size is expected to reach USD 451.94 Million by 2033, at a CAGR of 4.45% during the forecast period 2023 to 2033.

Market Overview

An increase in demand for high-quality crops can be linked to several factors. One of the most crucial of these is increased consumer understanding of health and nutrition. As people become more aware of the effects of their food choices on their health, there is a clear shift toward organic and high-quality produce. The growing preference for healthier options has resulted in a huge increase in demand for higher agricultural yields. Simultaneously, the United Kingdom government's persistent support for sustainable farming practices has fueled the market for plant growth regulators. With policies targeted primarily at minimizing chemical pesticide use and boosting ecologically friendly agricultural methods, farmers are increasingly resorting to PGRs to boost crop output. Advances in biotechnological research have also significantly contributed to the use of PGRs in the United Kingdom agriculture sector. These improvements have resulted in the development of more effective and efficient PGRs customized to specific crop requirements. Such novel devices are driving market expansion for PGRs. Despite its potential growth trajectory, the PGR market in the UK confronts some hurdles. Regulatory restraints and the high cost of producing new items may impede market expansion. Furthermore, farmers' lack of awareness about the benefits of PGRs presents another challenge that must be addressed. Nonetheless, the future of the PGR market in the United Kingdom seems optimistic. The growing demand for sustainable farming practices is increasing in the United Kingdom.

Report Coverage

This research report categorizes the market for United Kingdom plant growth regulators (PGRs) market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom plant growth regulators (PGRs) market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the United Kingdom plant growth regulators (PGRs) market.

Driving Factors

Rising demand for organic products is one of the key forces fueling the growth of the PGR market in the United Kingdom. In recent years, consumers have gravitated towards healthier and more sustainable food options. This expanding tendency has prompted an increased demand for organic farming practices. PGRs, with the ability to increase agricultural yields while minimizing environmental effects, are an ideal fit for this paradigm shift toward sustainable agriculture. Furthermore, the UK government's dedication to sustainable farming practices has fueled market expansion. The government has created a conducive climate for farmers to adopt PGRs by implementing legislation targeted at lowering chemical pesticide use and boosting environmentally friendly agricultural practices.

Restraining Factors

Patent protection and exclusivity are critical to recouping research and development expenditures, encouraging corporations to continue investing in industry growth. However, rising product development costs and a longer regulatory process led to increased retail pricing, reducing growers' net profit margins. These lower margins stymie the spread of plant growth regulators in the worldwide agrochemicals market.

Market Segment

• In 2023, the cytokinins segment accounted for the largest revenue share over the forecast period.

Based on the type, the United Kingdom plant growth regulators (PGRs) market is segmented into cytokinins, auxins, gibberellins, ethylene, and others. Among these, the cytokinins segment has the largest revenue share over the forecast period. They play an important function in stimulating cell division, shoot growth, and overall plant development. These hormones promote cell expansion and differentiation, resulting in higher crop production and quality. Cytokinins are frequently used in agriculture, including fruit and vegetable production, to boost plant vigor, promote flower and fruit sets, and delay senescence. Their effectiveness in improving plant growth and output has increased demand among growers worldwide, with cytokinins accounting for the greatest market share in the plant growth regulators sector. Furthermore, advances in biotechnology and research have resulted in the development of innovative cytokinin formulations, accelerating their adoption and market dominance.

• In 2023, the plant growth inhibitors segment accounted for the largest revenue share over the forecast period.

On the basis of function, the United Kingdom plant growth regulators (PGRs) market is segmented into plant growth promoters and plant growth inhibitors. Among these, the plant growth inhibitors segment has the largest revenue share over the forecast period. Farmers and growers have become more aware of the benefits of plant growth inhibitors in regulating plant growth and development. Compounds such as abscisic acid cause dormancy and abscission in plants, helping to manage excessive growth and improve stress tolerance. The increase in abiotic stresses like drought, salt, and severe temperatures has prompted the use of plant growth inhibitors to mitigate their negative influence on crop productivity. Furthermore, advances in research and development have resulted in the development of more efficient and cost-effective plant growth inhibitors, hence boosting their market expansion. In summary, these reasons contribute to the rapid expansion of plant growth in inhibition within the plant growth regulator market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom plant growth regulators (PGRs) market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BASF UK Limited
• Bayer UK Limited
• Syngenta (UK) Limited
• Nufarm UK Limited
• Sumitomo Chemicals (UK) Plc
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the United Kingdom plant growth regulators (PGRs) market based on the below-mentioned segments:

United Kingdom Plant Growth Regulators (PGRs) Market, By Type

• Cytokinins
• Auxins
• Gibberellins
• Ethylene
• Others

United Kingdom Plant Growth Regulators (PGRs) Market, By Function

• Plant Growth Promoters
• Plant Growth Inhibitors