Middle East And Africa Flowering Stimulants Market Share, Growth, Trends, And Forecasts 2018-2023
Flowering Stimulants Market Overview
Flowering of plants is very essential in both agriculture and horticulture. In horticulture good flower yield is the priority to bear fruits and in agriculture also good flowering gives good yield. So, farmers always try to increase the flower yield by using excessive fertilizers, both organic and chemical. This increases the yield but it has a limit to the growth and use of excessive fertilizers support growth of other vegetation which is not desirable.
Flower formation in plants is stimulated by certain hormones namely auxin, cytokinin, gibbrellic acid and Ethylene. Flowering stimulants increases the production of these substances in the plant and also in ratios favorable for flower yield. Currently, Nitrobenzene mixed with some other chemicals is the best and most used stimulant. It is estimated that flowering stimulants increase the flower yield by more than 40%.
Increase in the crop yields has become stagnant due to the increase in the use of fertilizers and other chemicals. This increased the demand alternatives which can increase the crop yield resulting in the demand for flowering stimulants. Increasing necessity to improve crop yields due to the decreasing agricultural land, rapidly increasing population and increasing awareness among people regarding the stimulants are expected to drive the flowering stimulants market. However, availability of alternate chemicals and strict approval regulations are restricting the market growth.
Flowering Stimulants Market Forecast Report (2018-2023)
The Middle East and Africa Flowering Stimulants Market was worth USD xx billion in 2018 and is projected to grow at a CAGR of xx%, to reach USD xx billion by 2023.
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Flowering Stimulants Market Segmentation
The Flowering Stimulants market is segmented by type, application and region. Based on the type, the market is segmented into Solid Flowering Stimulants and Liquid Flowering Stimulants. Liquid flowering stimulants hold the largest market share as they are easily absorbed by the plant within a short time. On the basis of application, the market is segmented into Agriculture and Horticulture. Usage of flowering stimulants is very high in horticulture. It is because of the restrictions on the use of many fertilizers in horticulture. Agriculture segment is expected to be the fastest growing segment due to the increasing popularity for flowering stimulants.
On the basis of region, the Flowering Stimulants market is analyzed under Middle East and Africa regions. Due to the increasing demand for food in Africa region, flowering stimulants are significantly used here. Horticulture is increasingly practiced in Middle East region providing opportunities for growth of flowering stimulants market.
The major companies dominating this market for its products and services are
- Greenland Bio-Science
- Molecule Agri
- Nitesh Agro Industries
- Sikko Industries
- Redox Industries
- Rishabh Intermediates
- Bhartiya Fertilizers and Chemicals
- Agrichem Life Science
- Molecule Agri Products.
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