Market Overview:

Flower formation in plants is stimulated by certain hormones namely auxin, cytokinin, gibbrellic acid, and Ethylene. Flowering stimulants increase the production of these substances in the plant and also in ratios favorable for flower yield. Currently, Nitrobenzene mixed with some other chemicals is the best and most used stimulant. It is estimated that flowering stimulants increase the flower yield by more than 40%. Flowering of plants is very essential in both agriculture and horticulture. In horticulture, good flower yield is the priority to bear fruits and in agriculture also good flowering gives a good yield. So, farmers always try to increase the flower yield by using excessive fertilizers, both organic and chemical. This increases the yield but it has a limit to the growth and use of excessive fertilizers support growth of other vegetation which is not desirable.

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Factors affecting market growth:

• The Increase in the crop yields has become stagnant due to the increase in the use of fertilizers and other chemicals (+)
• The increase in the demand alternatives which can increase the crop (+)
• The Increasing necessity to improve crop yields due to the decreasing agricultural land (+)
• The rapidly increasing population and increasing awareness among people regarding the stimulants (+)
• The availability of alternative chemicals and strict approval regulations (-)

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   Market Segmentation

The Flowering Stimulants market is divided by

• The type
• The Application
• The region.

On the basis of type, the market is divided into

• Solid Flowering Stimulants
• Liquid Flowering Stimulants.

On the basis of application, the market is classified as

• Agriculture
•  

Based on the region, the global Flowering Stimulants market is segmented into

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa.

The Asia Pacific holds the largest market share because it is the leading cultivator of horticulture where flowering stimulants are widely used.

Key players:

The major shareholders in the Flowering Stimulants market are Greenland Bio-Science, Molecule Agri, Nitesh Agro Industries, Sikko Industries, Redox Industries, Rishabh Intermediates, Bhartiya Fertilizers and Chemicals and Agrichem Life Science

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