$878.38 Million Plant Activators Market - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 27, 2018--The “Plant Activators Market by Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Turf & Ornamentals), Mode of Application (Foliar Spray, Soil Treatment), Source (Biological, Chemical), Form, and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The plant activators market is projected to grow at a CAGR of 6.6%, to reach a value of USD 878.38 Million by 2023 from USD 636.76 Million in 2018.
Plant activators are chemicals that induce plant defense responses to a broad spectrum of pathogens. They activate the defense genes in plants by providing signals via the signal transduction pathway mediated by salicylic acid. Since plant activators do not have any pesticide or antibiotic activity, their adverse effects on human health and the environment are minimal. In addition, since they do not interact directly with the pathogens, it is unlikely that plant pathogens develop resistance to these chemicals.
Report HighlightsOn the basis of source, the biological segment dominated the plant activators market in 2017. On the basis of crop type, the fruits & vegetables segment accounted for the largest market share; this can be attributed to growing health-consciousness among consumers and rising incomes which result in increased consumption of a wide variety of products, particularly fruits & vegetables. On the basis of form, the plant activators market was led by the solutions segment in 2017. Europe accounted for the largest market share for plant activators in 2017.
DriversIncrease in Farm Expenditure Heavy Crop Loss Due to Pest Attacks Pest Resistance and Integrated Pest Management (IPM) Measures Evolution of Farming Practices & Technology
RestraintsLimited Product Availability High Dependence on Chemical Products in Developing Regions
OpportunitiesRise in Investment in Agricultural Activities in Developing Countries
ChallengesLack of Infrastructure Limited Awareness Regarding Benefits of Plant Activators
Companies MentionedSyngenta Isagro S.P.A Plant Health Care, Inc. BASF Arysta Lifescience Nihon Nohyaku Co., Ltd Meiji Seika Kaisha Ltd Certis USA Gowan Company, LLC Futureco Bioscience NutriAg Inc. Eagle Plant Protect Pvt. Ltd.
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Related Topics:Crop Farming,Fertilizer
INDUSTRY KEYWORD: NATURAL RESOURCES AGRICULTURE
SOURCE: Research and Markets
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PUB: 09/27/2018 03:24 AM/DISC: 09/27/2018 03:24 AM