Brassinolide has broad market prospects
Brassinolide, as an efficient and broad-spectrum plant growth regulator, has played an important role in agricultural production since its discovery. Through seed soaking and stem and leaf spraying at appropriate concentrations, it can promote the growth of crops such as vegetables, melons, fruits, and flowers, improve crop quality, and increase crop yields.
According to market survey data, the global plant growth regulator market size has shown a steady growth trend in the past few years.
In recent years, Brassinolide has attracted widespread market attention, and there are more and more compound products with it as the main ingredient. From less than 100 product registrations in 2018 to 234 product registrations from 135 companies today, the number has more than doubled. A market share of more than 1 billion yuan and a market potential of 10 billion yuan indicate that Brassinolide will have a strong market demand in the future.
Wide use is a major feature of Brassinolide. It can be used on almost all crops, and many people call it a "panacea." According to statistics, if Brassinolide is used only once per acre of crop, it will have a market capacity of 10.5 billion yuan.
In recent years, many compound products with Brassinolide as the main ingredient have appeared on the market. These products combine Brassinolide with other plant growth regulators, nutrients, etc. to form a compound formula in order to exert a stronger comprehensive effect. For example, Brassinolide combined with GA3, cytokinin, IBA, etc. can regulate plant growth from multiple angles and improve its stress resistance and yield.
In addition, the combination of Brassinolide and trace elements can also significantly improve the nutritional status of plants and enhance their growth vitality. The reporter learned from the China Pesticide Information Network that as of now, there are 234 Brassinolide products that have obtained pesticide registration, including 124 mixed agents, accounting for more than 50%.
With the advancement of agricultural technology and the improvement of farmers' cognitive level, the application of Brassinolide and its compound products will be more extensive and in-depth. The combination of pesticides and fertilizers can help improve the quality, efficiency and yield of agricultural products. In addition, farmers are now more and more willing to use pesticides and fertilizers. Plant regulators such as Brassinolide will develop better and better in the future.