The plant growth regulator market has a good prospect

The development of the textile industry requires more cotton production, and the growing demand for organic food also leads to the development of organic agriculture. These factors will increase the demand for plant growth regulators during the forecast period.
The increase in globalization and the need for profitable planting will force the agrochemical industry to undergo major changes in many aspects. Companies will focus on developing innovative and less harmful plant growth regulators and other crop protection products.
Farmers' preference for other agrochemical products such as fertilizers will limit the development of the agrochemical market, while economically friendly plant growth regulators are expected to provide new development opportunities for the market.

Auxin has become the second largest product in the plant growth regulator industry due to its role in improving the growth characteristics and yield of various crops such as cotton. In view of the development of the textile industry, other plant hormones such as Mepiquat chloride（PIX) and Gibberellic Acid(GA3)  used in cotton are expected to gain significant growth.

Due to the increasing demand for organic food and economically friendly agrochemical products among European consumers, this market is the largest market for plant growth regulators. Asia Pacific is expected to be the fastest growing region, with a compound annual growth rate of 9.2%. Emerging countries in Asia Pacific such as China and India are expected to occupy a major share of the market due to their large demand for cotton plant hormones.