(EMAILWIRE.COM, August 15, 2019 ) The Plant Activators Market is estimated at USD 636.76 Million in 2018 and is projected to reach a value of USD 878.38 Million by 2023, at a CAGR of 6.6% from 2018 to 2023. The market is driven by factors such as growing consumer preference for organic foods, new product registrations, decrease in arable land, and technological advancements in the agricultural industry. On the other hand, lack of awareness, increased prices of raw materials, and high R&D costs are the key factors hindering the growth of this market. This indicates that there is immense scope for the growth of the plant activators market, globally.

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The solutions segment, by form, accounted for the largest share of the plant activators market in 2017:
The solutions segment accounted for the largest share of the global plant activators market in 2017. They are the most popular forms of plant activators in the agricultural industry. Solution formulations are mainly preferred as they do not cause dust formation on spraying, do not cause toxicity or flammability, provide high efficiency due to smaller particle size, and low packaging volume.

The fruits & vegetables segment, by crop type, accounted for the largest share in the plant activators market in 2017:
Plant activators are increasingly gaining importance in the fruits & vegetables industry. With the rise in production of fruits & vegetables, the demand for plant activators has been increasing in this segment. The high export potential of these products has also led to an increase in production levels.

The biological plant activators segment accounted for the largest share in the plant activators market in 2017:
Biological plant activators play an important role in plant growth as they help improve nutrient use efficiency. The high cost of developing new chemical pesticides, increase in insect & weed resistance to chemical treatments, and high regulatory pressure to limit chemical usage with respect to ecosystem damage have contributed to an increase in demand for biological plant activator products.

Europe dominated the plant activators market in 2017:
In 2017, the European region dominated the global market for plant activators. European agriculture is driven by technical advancements, economics, politics, climatic changes, and consumer demand. Plant activators have received wide-scale acceptance in Europe as they are expected to increase long-term agricultural productivity and help realize the goal of food self-adequacy.

The availability of plant activator products still remains limited in the market, due to different regulations being prevalent in different countries. Moreover, there is a high dependence on chemical products in developing regions. These factors are expected to restrain the growth of the plant activators market.

Companies such as Syngenta (Switzerland), Isagro (Italy), Plant Health Care (US), Arysta LifeScience (US), and Nihon Nohyaku Co., Ltd. (Japan) have acquired leading market positions in the market through the provision of a broad portfolio, catering to the varied requirements of the market, along with a focus on the diverse end-user segments. They are also focused on innovation and are geographically diversified.

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