Plant Growth Regulators Market to reach US$ 9.7 bn by 2025 Plant Growth Regulators Market | Page 3

Asia Pacific plant growth regulators market shall experience the highest CAGR
during the forecast timespan. This can be attributed to high dependence on the
agriculture and increasing awareness about plant growth regulators in the region.
MEA will also grow with a healthy CAGR. Many foreign firms and individual investors
are investing in the region. They are taking agricultural lands on lease and producing
commercial crops.
The PGR market comprises of many large multinational players. Some of the
prominent players operating in the industry are DowDuPont, BASF SE, Syngenta
AG, Nufarm Limited, Bayer AG, Nippon Soda Co., Ltd., Valent Biosciences LLC,
Tata Chemicals Ltd, Arysta Lifescince and Adama Agricultural Solutions Ltd. In
October 2017, BASF SE announced the biggest acquisition in its 152 years history. It
acquired significant part of Bayer’s seed and non-selective herbicide business in
USD 7.03 billion. After this acquisition, BASF entered first time in seed business.
3 | Page