Plant growth regulators market set to triple by 2031

A new Allied Market Research report says the global plant growth regulators market was worth $2.2 billion in 2021 and is projected to hit $7.4 billion by 2031. Rising food demand, climate stress and broader use of precision farming are expected to keep growth strong across crops and regions.

Why it matters: - Plant growth regulators are becoming a bigger input in efforts to boost crop yields, protect harvests from climate stress and support food security. - Allied Market Research projects the global market will more than triple from $2.2 billion in 2021 to $7.4 billion by 2031. - The forecast implies steady demand for products that support sustainable crop productivity as weather patterns become less predictable.

What happened: - Allied Market Research released a report on the global plant growth regulators market on June 30, 2026. - The report says the market is set to grow at a 13.9% CAGR from 2022 to 2031. - The study covers market segmentation, value chains, competitive landscape, investment opportunities and regional trends. - The company also posted a sample request page for the report: Download sample pages.

The details: - The report points to modern agricultural techniques and precision farming as major growth drivers. - Continuous product launches by agrochemical companies are also supporting demand. - More frequent droughts and broader climate variability are pressuring crop yields and increasing interest in PGRs. - Rising global population is lifting demand for higher agricultural output. - Food safety, nutrition and sustainable farming practices are adding to adoption. - Limited farmer awareness in developing regions remains a restraint. - Higher product costs are also slowing expansion. - Rising demand for healthy and organic food production is creating an opportunity for market growth. - Demand for flowers, seeds and medicinal crops is also opening new use cases. - Broader agrochemical adoption in developing economies is another growth path.

Between the lines: - The report suggests PGR demand is being pulled by both yield pressure and changing consumer preferences. - Crop input makers appear positioned to benefit most where commercial farming, horticulture and climate stress overlap. - The strongest growth rates are likely to come from segments where farmers can see direct productivity gains.

What's next: - Cytokinins are expected to grow the fastest, at about 14.8% CAGR, because of their role in delaying leaf aging, supporting protein synthesis and improving stress resistance. - Fruits and vegetables are projected to be the fastest-growing crop segment, at around 14.9% CAGR. - Asia-Pacific is expected to post the fastest regional growth, with a CAGR of about 15.0%, led by India and China and followed by markets including Indonesia, Vietnam, Thailand and the Philippines. - The report’s purchase page is available here: Access the statistical data and graphs.

The bottom line: - The plant growth regulators market is moving from a niche crop-input category toward a faster-growing piece of modern agriculture, with demand strongest in regions and crops under the most pressure to produce more with less.