The report “Food Amino Acids Market by Application (Nutraceutical & Dietary Supplements, Infant Formula, Food Fortification, Convenience Foods), Type (Glutamic Acid, Lysine, Tryptophan, Methionine), Source (Plant, Animal, Synthetic), and Region – Global Forecast to 2022″, food amino acids market is projected to reach a value of USD 6.82 Billion by 2022, at a CAGR of 7.8%, from 2016. The market is driven by factors such as increasing health concerns of consumers, growing demand for glutamic acid as a flavor enhancer, and surging demand for amino acids-based nutrition products.

The nutraceutical & dietary supplements segment, by application, is estimated to dominate the food amino acids market in 2016

The nutraceutical & dietary supplement segment, by application, is estimated to be the largest market for food amino acids, in 2016. Increase in demand for amino acids for various nutraceutical & dietary supplements, owing to the health benefits offered by amino acids is expected to fuel the demand for amino acids during the review period.

The glutamic acid segment, by type, is estimated to be the largest market in 2016

The glutamic acid segment, by type, is estimated to be the largest market in 2016. Increased use of glutamic acid as a flavor enhancer in various convenience and processed food applications such as snacks, ready-to-eat soups, and ready-to-eat meals has been driving its demand over the last few years. Growing demand for lysine in the nutraceutical & dietary supplements industry for enhancing the quality and health benefits of dietary supplements is expected to increase its demand across the globe.

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The synthetic segment, by source, is estimated to be the largest market in 2016

The synthetic segment, by source, is estimated to be the largest market in 2016. Amino acids produced by the synthetic method have been gaining high demand in the nutraceutical & dietary supplements industry, owing to the high purity amino acids offered by this segment. There is an increase in demand for plant-based amino acids in industries such as food, beverages, infant formula, nutraceutical, due to the rise in the inclination of consumers toward naturally derived ingredients.

The Asia-Pacific region is estimated to dominate the food amino acids market in 2016

The Asia-Pacific region is estimated to be the largest market for food amino acids in 2016. The increase in use of food amino acid as a flavor enhancer in the food industry and growth in concern for healthy diet among consumers are fueling the demand for food amino acids in the Asia-Pacific market. Major demand for food amino acids from the dietary supplement industry has been seen due to the growing trend of adding dietary supplements in consumer diet in this region.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as Ajinomoto Co. Inc. (Japan), Kyowa Hakko Kirin Group (Japan), Evonik Industries AG (Germany), Sigma-Aldrich, Co. LLC (U.S.), Prinova Group LLC (U.S.), Daesang Corporation (Korea), Shaoxing Yamei Biotechnology Co., Ltd. (Japan), Qingdao Samin Chemical Co., Ltd. (China), Hugestone Enterprise Co., LTD. (China), Brenntag AG (Germany), Pangaea Sciences Inc. (Canada), Amino GmbH (Germany), Kingchem LLC (U.S.), Rochem International Inc. (U.S.), Sunrise Nutrachem Group (China), Taiyo international (Japan), Monteloeder S.L. (Spain), CJ Corporation (Korea), Kraemer Martin GmbH (Azelis) (Belgium), and Pacific Rainbow International, Inc. (U.S.).

The report “Oleoresins Market by Source (Paprika, Capsicum, Seed spices, Turmeric, Herbs, Ginger, Cinnamon & cassia), Application (Food & Beverages, Pharmaceutical & Nutraceutical, Personal Care Products, Feed), Extraction Process, and Region – Global Forecast to 2025″ According to MarketsandMarkets, the oleoresins market is estimated to be valued at USD 1.2 billion in 2019 and is projected to reach USD 1.7 billion by 2025, recording a CAGR of 6.0% from 2019 to 2025. The rapidly growing demand for natural flavors in the food & beverage industry and the wide application of oleoresins in various other industries such as pharmaceuticals, personal care, and feed sectors are some of the key factors driving the growth of the market. 

The pharmaceuticals & nutraceuticals segment is projected to witness the fastest growth during the forecast.

Based on application, the oleoresins market is segmented into pharmaceuticals & nutraceuticals, food & beverages, personal care products, and feed. The pharmaceuticals & nutraceuticals segment is projected to witness the fastest growth during the forecast period, due to the increasing preference for herbal medicines and increasing intake of natural dietary and health supplements in developed and developing countries.

Capsaicinoids present in capsicums possess antibiotic characteristics. Thus, they act as an ailing agent in medicines and reduce pain sensations. Capsicum oleoresins also find applications in the nutraceuticals industry as key ingredients in supplement formulations, which helps in managing body weight. These factors are collectively projected to drive the pharmaceuticals & nutraceuticals segment in the oleoresins market during the forecast period.

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The seed spices segment is projected to witness the fastest growth in the oleoresins market during the forecast period.

By source, the oleoresins market is segmented into paprika, capsicum, seed spices, ginger, turmeric, cinnamon & cassia, herbs, and others. Some of the key oleoresins are extracted from the seeds of plants such as black pepper, cardamom, cumin, mustard, nutmeg, and fenugreek. Black pepper oleoresins are one of the majorly used oleoresins and find applications in hard and soft candies, chewing gums, baked products, ice creams, dairy products, alcoholic beverages, soft drinks, snacks, and canned food products. Besides their use in the food industry, oleoresins from black pepper are also used in the pharmaceutical & nutraceutical industries. Other seed spice oleoresins such as cardamom and fenugreek are also very popular due to their aroma and taste. The increasing number of applications for seed spice oleoresins is driving its market growth.

The North American region is estimated to dominate the oleoresins market, in terms of value, in 2019

The oleoresins market in North America is projected to witness high growth due to the strong local and export demands. The US is one of the major importers of oleoresins across the globe. Although the production of oleoresins in the North American region is not at par with the domestic demand and the consumption rate in the region is comparatively higher. Oleoresins witness high demand in the processed food sector in developed countries, where the purchasing power of consumers is high as compared to the developing countries. The growth in the pharmaceutical industry and increasing consumer preferences for natural diet supplements in the North American countries are projected to drive the growth of the oleoresins market in the region.

This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies. It consists of the profiles of leading companies such as Akay Group (India), Synthite Industries Pvt. Ltd. (India), AVT Naturals (India), Givaudan (Switzerland), PT Indesso Aroma (Indonesia), Vidya Herbs Private Limited (India), Ungerer & Company (US), Kancor Ingredients Ltd. (India), Plant Lipids (India), Kalsec Inc.(US), Gazignaire (France), and Universal Oleoresins (India).

The agricultural biologicals market size is estimated to account for a value of USD 8.8 billion in 2019 and is projected to grow at a CAGR of 13.6% to reach a value of USD 18.9 billion by 2025. The increase in preference for organic food products across the globe has led to a surge in demand for bio-based crop protection methods, which has contributed to the growth of the agricultural biologicals market. The shift toward sustainable agriculture has also, lead to an increase in the use of agricultural biologicals globally.

The agricultural biologicals market witnessed significant growth due to factors, such as the ban of chemical-based products by the government, increasing exports of organic food products, and degrading soil and water quality due to the continuous usage of chemical pesticides. Key players in this market include BASF SE (Germany), Syngenta (Switzerland), Marrione Bio Innovation (US), Isagro (Italy), UPL (India), Evogene (Israel), Bayer (Germany), Vegalab (US), Valent (US), Stockton (Israel), Biolchim (Italy), Rizobacter (Argentina), Valagro (Italy), Koppert Biological Systems (Netherlands), Lallemand (Canada), Symborg (Spain), Andermatt Biocontrol (Switzerland), Seipasa (Spain), and Verdasien Life Sciences (US). These major players are focusing on undertaking acquisitions and mergers to improve their presence in the agricultural biologicals market. They are focusing on introducing new and advanced technology solutions for biologicals.

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BASF SE provides biological solutions for crop protection. The company operates through five major business segments, namely, functional materials & solutions, chemicals, performance products, agricultural solutions, and other. It provides agricultural biologicals through its agricultural solutions business. Under the agricultural solutions segment, the company has a comprehensive product portfolio for crop protection & seed, turf & ornamentals, and urban & rural pest control. The crop protection segment offers various biological solutions to control pests, fungi, and insects. These biological solutions include biofungicides, biopesticides, bioinsecticides, and pheromones. In August 2018, BASF SE acquired a wide range of businesses and assets from Bayer CropScience (Germany), which complements its crop protection, biotech, and digital farming activities.

Isagro is primarily involved in the manufacturing and marketing of agricultural products, such as agro pharmaceutical and biosolutions. It operates in two major segments, namely, crop protection products, and other products. These products range from fungicides, insecticides, biostimulants, pheromones, and fumigants. Due to the investment of USD 13.1 million in R&D activities for crop protection products, the company has a range of new biological products that would be launched at their scheduled dates. The company also focuses on strengthening its position in the market by expanding its distribution channels through partnerships with other global players.

Syngenta Crop Protection AG is among the leading players in agribusiness, which operates in the crop protection, seeds, controls, and flower markets. It offers agricultural biologicals through its crop protection segment. Through its crop protection segment, the company offers its solutions for selective herbicides, non-selective herbicides, fungicides, insecticides, seed care, controls, and other crop protection products. The crop protection business of the company witnessed significant improvements in sales due to the recovery and growth in the Brazilian market and new product launches in the EMEA and the US. In May 2019, Syngenta launched its first bioinsecticide, Costar, which would be mainly sold in Portugal. The formulation is based on the strain of Bacillus and can be used in over 50 crops in the European countries. This would help the company in increasing its global footprint.

The report “Process Equipment Market for Seed Industry by Type (Cleaners, Dryers, Coaters, Graders, Separators, and Polishers), Crop Type (Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables), Method, and Region – Global Forecast to 2022″, Process equipment market for seed industry includes processed seed market and seed processing equipment market. The market for processed seed, in terms of value, is estimated at USD 56.07 Billion in 2017 and is projected to reach USD 91.32 Billion by 2022, at a CAGR of 10.2%. The seed processing equipment market is projected to reach USD 3.25 Billion by 2022, growing at a CAGR of 10.2% from USD 2.00 Billion in 2017.

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The necessity to increase food production, with the decrease in arable land, has increased the demand for processed seed, which has resulted in higher demand for the seed processing equipment. Furthermore, the increase in acceptance and area under GM crop, growth of globalized trade of processed seed, and rise in awareness in developing countries are other factors driving the global process equipment market for seed industry.

The cereals & grains segment accounted for the largest share during the forecast period in the processed seed market.

In 2017, on the basis of crop type, the cereals & grains segment accounted for the largest share, in terms of both value and volume. Cereals & grains are the staple food for a majority of the population and form a major source of energy, especially for livestock. The global processed cereal seed market is driven by the growth in population, increase in income levels, higher seed replacement rate in areas under cultivation, R&D breakthroughs, utilization for biofuel production, and intensive agriculture practices, followed by farmers to increase yield and productivity.

Coaters: The fastest-growing equipment type in the seed processing equipment market

In 2017, the coaters segment is estimated to account for the third-largest share of the seed processing equipment market in terms of value; this is projected to grow at the highest CAGR through 2022. The increasing awareness about the benefits of seed coating with various pesticides, insecticides, and biologicals has increased the demand for the coated processed seed products and thus boosted the demand for coaters in the developing countries.

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North America dominated the processed seed market, while Asia Pacific accounted for the largest share in the seed processing equipment market

North America is one of the most technologically advanced regions. The seed processing & equipment market here is growing constantly due to the rising demand for quality raw material by the food chains, along with increasing demand of commercial seeds by the farmers for better yield in this region; Asia Pacific is witnessing promising growth in the production of processed seed in the past years due to increasing awareness about the benefits of commercial seed, especially in countries such as India and Indonesia. The demand for seed processing equipment is also projected to grow in the region.

This report studies marketing and development strategies, along with the product portfolios of leading companies in the processed seed market (such as Bayer, The Dow Chemical Company Monsanto, Syngenta, and KWS Group) and in seed processing equipment (such as Cimbria, PETKUS Technologie, Lewis M. Carter Manufacturing, Westrup, and Alvan Blanch Development Company).

The global specialty yeast market is estimated to be valued at USD 2.7 billion in 2019 and is projected to reach about USD 4.0 billion by 2025, at a CAGR of 7.2%. The growth of this market is due to the rising demand for bakery products and a positive trend in the consumption of alcoholic beverages. Emerging economies such as China, India, and Brazil offer several opportunities for market expansion.

The yeast extracts segment is estimated to account for a larger market share, in terms of value, in 2019

Yeast extracts are prepared from baker’s yeast or brewer’s yeast. These are used mainly as a natural aromatic ingredient for savory food products such as soups, sauces, meat preparations, and savory mixes. The high demand for natural food additives is expected to drive the yeast extracts segment which in turn is projected to hold the largest market share in terms of value by 2025.

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The Saccharomyces cerevisiae segment is estimated to witness the fastest growth in the specialty yeast market in 2019

Saccharomyces cerevisiae is used in the the fermentation of kefir, coffee & cacao beans, and other traditional fermenting products. There is a growing demand for fermented products from the consumers in the Asia Pacific region aiding the growth of the specialty yeast market.

The food segment, by application, is estimated to account for the largest market share in the specialty yeast market in 2019

By application, the specialty yeast market is segmented into food, beverage, feed, and others which include pharmaceuticals, chemicals, cosmetics, and personal care products. The food industry makes use of specialty yeast to improve the organoleptic properties of the food. Hence, the food segment is accounted to hold the largest market share in the specialty yeast market during the forecast period.

Increasing R&D activities for creating yeast alternatives to replace specialty yeast in the fermentation industry.

Due to the increasing demand of specialty yeast from several application industries, the need or producing new alternatives to specialty yeast has arisen. Several companies are investing in developing new alternatives to yeast extracts sourced from plants, which are cost-effective as compared to specialty yeasts which can cause a disruption in the specialty yeast market.

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The European region is projected to dominate the specialty yeast market through the forecast period

In 2019, the European region is projected to lead the global specialty yeast market. Factors such as increasing consumption of alcoholic beverages and the growth in awareness among the consumers about the health benefits associated with natural and clean label products is driving the growth in the European region. The specialty yeast market in this region has grown rapidly as a spill over effect of the growing food processing industry and stringent regulations on synthetic ingredients used in the products, paving the way for natural ingredients such as yeast derivatives.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the specialty yeast market. It includes the profiles of leading companies such as Archer Daniels Midland (US), Associated British Foods (UK), Lallemand (Canada, Koninklijke DSM N.V (Netherlands), ), Chr. Hansen (Denmark) Kerry (Ireland), Lesaffre (France, Biorigin (Brazil), Beldem (Blegium), ), Angel Yeast (China) Kemin Industries (US), Leiber (Germany), Synergy Flavors (UK), Nutreco N.V (Netherlands), and Levex (Turkey).

The report “Collagen Peptides Market by Source (Cattle Hide & Bones, Pigskin, and Poultry & Fish), Application (Nutritional Products, Snacks & Cereals, Dairy Products, Beverages, and Meat & Poultry Products), and Region – Global Forecast to 2023″, The global collagen peptides market is estimated at USD 772.3 million in 2018 and is projected to reach USD 1,337.0 million by 2023, at a CAGR of 11.6% during the forecast period. The market is driven by factors such as the wider application of collagen peptides and increased incidences of bones & joint relate diseases. Collagen peptides are widely used in various applications such as beverages, dairy, sports nutrition, snacks & cereal, meat & poultry, and personal care products. The varied applications of collagen peptides, coupled with the growing demand for functional food & beverage and sport nutrition products, drive the market growth.

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The pigskin segment, by source, estimated to account for the largest market share in 2018.

The pigskin segment is estimated to dominate the global collagen peptides market in 2018. Pigskin is rich in collagen proteins, which are considered to be more stable in comparison with collagen peptides from other sources. Most of the collagen proteins are sourced from animal tissues, as they contain a high amount of collagen. Different methods are used to extract collagen protein, which include the salting out, alkaline, acid, and enzyme methods.

The nutritional products segment, by application, is estimated to hold a larger share in 2018.

Proteins deliver numerous health benefits and can offer benefits beyond muscle building. They help in improving athletic performance, protecting joints and connective tissues, muscle restoration, aiding muscular contraction, weight management, and helps to reduce the risk of injury.

The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023.

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period. China and India have witnessed major growth in the collagen peptides market, acquiring significant shares in the region. The rising middle-class population of the region with high disposable income, demands healthy food & beverage products with new and improved flavors, thereby elevating the need for the growth of the collagen peptides market.

This report includes a study of various collagen peptides, along with the product portfolios of along with the product portfolios of leading companies. It includes the profiles of leading companies such as Darling Ingredients (US), Tessenderlo Group (Belgium), Cargill (US), Kewpie Corporation (Japan) and Danish Crown (Denmark).

The report “GMO Testing Market by Trait (Stacked, Herbicide Tolerance, Insect Resistance), Technology (Polymerase Chain Reaction, Immunoassay), Crop Tested, Processed Food Tested, and Region – Global Forecast to 2022″, The GMO testing market is estimated to be valued at USD 1.58 Billion in 2017. It is projected to grow at a CAGR of 8.2% from 2017 to 2022, to reach 2.34 Billion by 2022. The base year considered for the study is 2016, and the forecast years are from 2017 to 2022. The market is driven by factors such as evolution in farming technologies, diverse genetically modified processed food production, labeling mandates in several countries, and proper nutrient sufficiency.

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“Stacked trait segment projected to be the fastest-growing market during the period 2017–2022”

Stacked traits are a combination of more than one transgene in a single crop. Bio-fortified crops which are modified for the production of high nutritional content, HT with IR and disease-resistant traits are popular examples of stacked traits. The increased investments and growth in the R&D activities are responsible for the growth of this market.

“Soy, corn, and bakery & confectionery products are largely tested for GMOs in the food safety testing market”

Among the crops and processed foods tested for GMO, crops accounted for the largest market share in 2016, dominated by corn and soy. The bakery & confectionery items are largely tested for GMO testing, which include baking flours, breads, cakes, muffins, and other confectionery & baked goods. The market in breakfast cereals & snacks among processed foods is projected to grow at the highest CAGR due to the presence of a large amount of cereal grains and corn flakes. Food additives such as lecithin, vitamin E (tocopherol), and proteins from genetically modified soybean are also largely tested for GMOs.

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“North America and Europe to dominate the GMO testing market in 2017”

The European region is the largest market for GMO testing in 2016. Countries such as Germany, France, Italy, Spain, the U.K., and other EU countries are major importers of soy, corn, canola, and other crops and processed foods. The countries in the EU are stringent in GMO regulations, which in turn results in vigorous testing of GMO for safety. North America is the major exporter of soy, corn & canola to the world which requires the conduction of tests for GMO labeling according to the importing country mandates. Brazil and Argentina are also the active countries for genetically modified food testing for safety. Asia-Pacific countries are at the growth stage in this market. China is the major country followed by Japan, Korea, and Rest of Asia-Pacific.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such Thermo Fisher Scientific, Inc. (U.S.), SGS S.A. (Switzerland), Bureau Veritas SA (France), Intertek Group Plc. (U.K.), Eurofins Scientific SE (Luxembourg), TÜV SÜD AG (Germany), Bio-Rad Laboratories, Inc. (U.S.), ALS Limited (Australia), Mérieux NutriSciences Corporation (U.S.), AsureQuality (New Zealand), Romer Labs Diagnostic GmbH (Austria), and Microbac Laboratories, Inc. (U.S.).

In terms of insights, this research report has focused on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global genetically modified food safety testing market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.

The flavor enhancers market is projected to grow at a CAGR of 5.6% from 2017 to 2022. Increasing popularity of convenience food & beverage products, and high consumption of monosodium glutamate (MSG) as an umami flavor enhancer are the factors driving the market. The key market players have adopted strategies such as acquisitions, expansions, and new product launches & developments to expand their market share in the flavor enhancers market. The key players who adopted these strategies are Cargill (U.S.), Tate & Lyle PLC (U.K.), Associated British Foods plc (U.S.), Corbion N.V. (Netherlands), Sensient Technologies (U.S.), Novozymes A/S (Denmark), E.I. DuPont de Nemours and Company (U.S.), Angel Yeast Co., Ltd (China), Innova Flavors (U.S.), Savoury Systems International, Inc. (U.S.), Senomyx, Inc. (U.S.), and Ajinomoto Co., Inc. (Japan)

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Tate & Lyle PLC (U.K.)

Tate & Lyle PLC is a leading provider of quality ingredients and solutions in the food & beverage, pharmaceutical, personal care, and industrial ingredient industries. It operates through two global divisions, namely, specialty food ingredients and bulk ingredients. It has subsidiaries situated in countries, such as, China, U.S., Brazil, Sweden, and Italy among others. It has a strong viability for future market sustenance as the company’s key growth strategy is expansion to increase its reach. For instance, the company, expanded its direct sales capabilities by setting up a new sales office in Tokyo, Japan in 2014. This helped the company to penetrate in the Japanese market and other countries in the Asia-Pacific region.    

Ajinomoto Co., Inc. (Japan)

Ajinomoto Co., Inc. is engaged in the manufacture, distribution, and sales of food products, amino acids, and pharmaceuticals. The company has business sites in 27 countries with 119 production plants; and sells its products in more than 130 countries. Ajinomoto U.S.A., Inc. operates as a subsidiary of Ajinomoto Co., Inc. The company focuses on expansions to widen its global reach and boost its revenue. The company uses expansions as its key growth strategy, to enhance its reach in the emerging markets such as Japan, India, and Nigeria and is also strategizing to expand its business in Thailand and Vietnam to boost the sales of flavor enhancers in different restaurants. For instance, it expanded its production capacity in Thailand in August 2016, the company invested USD 23 million that would help it to meet the growing demand for flavor seasonings in the country.

The key players profiled in the plant growth regulators market, which have a strong global presence include BASF (Germany), Dow Chemical (US), Syngenta (Switzerland), FMC Corporation (US), and Nufarm (Australia). Other players include Bayer CropScience (Germany), Nippon Soda (Japan), Tata Chemicals (India), Valent Biosciences (US), Xinyi Industrial (China), ADAMA (Israel), and Arysta LifeScience (France).

The key market players adopted various growth strategies such as expansions, mergers & acquisitions to cater to the increasing demand for plant growth regulators. Companies have been expanding their operations in various geographies across the globe to establish themselves as leading players in the plant growth regulators market.

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Based on type, the plant growth regulators market has been segmented into cytokinins, auxins, gibberellins, and ethylene, wherein the gibberellins segment is projected to grow at the highest CAGR during the forecast period. There is a total of 80 different gibberellin compounds which exist in plants; however, only gibberellic acid (GA3) and GA4+7 compounds are the most popularly used varieties. Gibberellins are available in around 126 forms, not only in plants but also in fungi and bacteria. The wider availability and efficiency to induce growth in smaller quantities makes it as the fastest-growing segment.

Plant growth regulators or phytohormones are segmented as plant growth promotors and plant growth inhibitors as per their functionality. The plant growth promoters segment accounted for a larger share of the global plant growth regulators market in 2017. Some of the most popular plant growth promoters include auxins, gibberellins, and cytokinins. They help in growth and development during flowering, fruiting, root initiation, and overall increase in yield. Plant growth promoters are used in various fruit & vegetables to enhance the flowering process. With the growing demand for high value crops such as fruits, the demand for plant growth promotors is also increasing.

Companies such as BASF and FMC Corporation are focusing on expanding their plant growth regulator manufacturing capacity to strengthen their presence in the market. Some key companies also adopted strategies such as agreements and acquisitions to expand their reach geographically.

Syngenta, one of the global leaders in the plant growth regulators market, offers a wide range of plant growth regulator products to increase crop yield and improve food quality. The company has advanced manufacturing facilities in Switzerland, the US, UK, France, India, China, and Brazil. Syngenta focuses on strengthening its market position by adopting strategies such as expansions by setting up new facilities as well as expanding the capacities of its existing facilities. In October 2016, Syngenta set up production facilities in Brazil and Switzerland, which expanded its production capacity to cater to the increasing demand for plant growth regulators in these countries.

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BASF provides plant growth regulator products based on natural plant hormones such as cytokinins, gibberellins, auxins, ethylene, and abscisic acid for various applications such as stimulation of cell multiplication in roots and tillers, development of all plant organs, elongation & division of cells, and inhibition of plant growth and ripening. The company invests in expansions for the development of new facilities to cater to its widespread customer base and focuses on establishing new facilities to stay ahead of its competitors. In April 2016, the company set up an R&D center in Germany for the development of biological crop protection and seed solutions. In September 2017, BASF set up a manufacturing facility in Canada. This expansion helped the company to provide plant growth regulators across the North American and European markets.

India and China being the most populated countries led to higher demand for food in the region resulting in adoption of practices such as use of plant growth regulators. In 2017, the Asia Pacific region accounted the higher share in the global market for plant growth regulators. According to MarketsandMarkets, factors such as rapid technical advancements, government encouragement for organic farming, and increase in crop production drives the plant growth regulators market in the Asia Pacific region. Plant growth regulators are receiving acceptance as they are expected to increase long-term agricultural productivity and help realize the goal of food self-sufficiency.

The global irrigation automation market is estimated to account for a value of USD 2.8billion in 2020 and is projected to grow at a CAGR 18.5% from 2020, to reach a value of USD 6.7billion by 2025. The irrigation automation market is projected to witness significant growth due to increasing water scarcity and droughts across the globe. Increased farm mechanization and developing irrigation infrastructure are expected to tackle the problem of water availability for agricultural processes.

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By irrigation type, the irrigation automation market has been segmented into sprinkler irrigation, drip irrigation, and surface irrigation. Drip irrigation system accounted for the largest market share in 2020, by value, in the irrigation automation market as it is the most preferred and effective method of irrigation which ensures root-to-root watering without water wastage in the form of evaporation or run-off.

The market for irrigation automation, by the system, has been segmented into automatic and semi-automatic. The semi-automatic segment accounted for the larger market share in 2020, by value, in the irrigation automation market due to its lower cost of installation and maintenance which is a key factor for small farm holding farmers when opting for irrigation automation systems.

The market for irrigation automation, by end-use application, has been segmented into agricultural and non-agricultural uses. The agricultural segment includes open field and greenhouses, whereas the non-agricultural segment includes golf courses, lawns, and sports grounds.

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The market for irrigation automation, by components, has been segmented into components, sensors, sprinklers, and valves. The sensors are further categorized into weather-based, soil-based, and fertigation sensors. The controller is the major component of the whole irrigation automation system which is integrated with other components.

Some of the major players in the irrigation automation marketareThe Toro Company (US), Hunter Industries (US), Valmont Industries Inc. (US), Rain Bird (US), Jain Irrigation Systems (India), Lindsay Corporation (US), and Netafim (Israel). New product & technology launchesand acquisitions are some of the major strategies adopted by the leading players in the irrigation automation market to enhance their market presence by diversifying their businesses geographically, strengthen their distribution networks, and expand their product portfolios.