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Global Plant Activators Industry

Global Plant Activators Industry

  • September 2020
  • 526 pages
  • ID: 5799366
  • Format: PDF
  • Global Industry Analysts

Summary

Table of Contents

MARKET IMPACT SURVEY - COVID-19 & LOOMING RECESSION

Timely market intelligence is paramount in these uncertain times!

We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!

The global market for Plant Activators is projected to reach US$855.2 million by 2025, driven by the growing focus shed on plant immunity as the best strategy to increase yield productivity against the backdrop of the loss of arable land. Declining agricultural productivity is the starting point for increased use of innovative plant growth promoters and activators. Loss of agricultural land is a major concern that directly impacts the ability to produce food needed to feed the growing human population. On an average over 3.5 million hectares of agricultural lands are lost per annum worldwide due to land destruction/pollution, soil degradation, soil erosion, and loss of fertility. An additional 4.8 million hectares are lost due to land diversion for non-agricultural purposes such as urbanization, roads, industry, housing and infrastructure development. Highlighting the magnitude of land degradation and land conversion is the fact that in the United States alone over the last 35 to 40 years over 145 million hectares of agricultural land has been lost. While arable land use per capita is the prime reason for declining agricultural productivity the world over, several other factors are also responsible for decline in overall agricultural land productivity. These include decreased varieties of crops produced, non-availability of high quality seeds, fertilizers and lack of proper irrigation, delayed sowing of crops, increased plant density aggravated by arable land shortage; ill-trained farm labor; wasteful irrigation methods; ill-managed water resources; lack of adoption of new technologies; lack of quality control of seeds; soil degradation caused by excessive use of chemical pesticides and fertilizers; among others.

While mechanization, which symbolizes industrialized agriculture, is one of the antidotes to the problem of low agricultural yields, also equally important is the use of crop/plant yield boosting technologies such as soil fertility enhancer chemicals, chemical fertilizers, organic plant growth enhancer, soil booster, multipurpose liquid tonic for all the crops and vegetables, plant immune boosters, among others. Receiving significant interest among these categories is "Plant Activators". Benefits of plant activators driving their adoption include induced resistance is the most optimum way to control crop diseases and improve yields; plant activators generate long?lasting resistance to pests and pathogens; activators enable rapid synthesis of toxic metabolites & defensive proteins when under attack from pathogens; plant activators are suitable for building defense against insect herbivores, biotrophic and necrotrophic pathogens. Seed treatments with synthetic activators are now ready for commercial exploitation with research studies showing no noticeable retardation in growth. In addition, newer innovative plant activators with lower side-effects such as reduced growth and reproductive fitness is bringing in new revenue opportunities.

Few of the trends influencing growth in the market include growing popularity of biological plant activators; monocropping practices and its impact on plant health and quality predisposing it to diseases; aggravating impact of climate change and global warming on already rising food security concerns; legislations of regulations curbing excessive pesticide use and the ensuing focus on alternatives for yield management; demand for organic food, expansion in organic farmlands and increased demand for natural plant activators. Europe, Latin America and the U.S represent large markets worldwide with a combined share of 64.8%. China ranks as the fastest growing market with an 8.8% CAGR over the analysis period supported by the country`s huge agricultural sector. With over 380 million farmers; with the world`s largest farm output; and with a 13% contribution to national GDP, agriculture in China is huge and evolving. Agricultural reforms in the country such as modern farming methods and use of scientific materials for yield improvement, are underway as the government seeks to boost its rural economy. The scenario bodes well for the adoption of activators as the best management strategy to combat plant diseases.

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