The auxin market is expected to witness market growth at a rate of 9.80% in the forecast period of 2021 to 2028 and is expected to reach USD 0.99 billion by 2028. Data Bridge Market Research report on auxin market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the environmental concerns globally is escalating the growth of auxin market.
Auxin refers to one of the plant hormone or chemical occurring in low concentrations that assist in plant growth by increasing the supply or availability of primary nutrients to the plant. These are widely utilized in positively influencing root initiation, cell enlargement and bud formation. They also promote the production of other hormones and in conjunction with cytokinins and control the growth of roots and stems and fruits.
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The major players covered in the auxin market report are Nufarm Limited, Dow, ADAMA India Private Limited, BASF SE, FMC Corporation, NIPPON SODA CO, Valent BioSciences LLC and Arysta LifeScience Corporation, Syngenta AG, and Bayer AG, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Scope of the Auxin market Market Report:
The auxin market is segmented on the basis of function, formulation and crop type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of function, the auxin market is segmented into plant growth promoters and plant growth inhibitors.
- On the basis of formulation, the auxin market is segmented into water-dispersible water-soluble granules, solutions, and wettable powders.
- On the basis of crop type, the auxin market is segmented into fruits vegetables, cereals grains, oilseeds pulses, and turf ornamentals.
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Auxin market Market Regional Analysis/Insights
The Auxin market market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Auxin market market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Auxin market within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Auxin market market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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