Cytokinins Market Size Worth $3.2 Billion By 2030: IndustryARC

Global Cytokinins Market size is predicted to reach $3.2 Billion by 2030, growing at a CAGR of 6.4% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC. Cytokinin is an agrochemical that acts like pesticides or fertilizers used in the growth of plant hormones. The hormone helps in encouraging cell growth, development of lateral buds, fruit abscission, affecting apical dominance, and delay in leaf senescence. The growing demand for herbal production in medicines, cosmetics, and organic farming is driving the demand for cytokinins, finds IndustryARC in its recent report, titled “Cytokinins Market – By Type (Adenine, Phenyl urea, and others), By Function (Cell division, Cell Elongation, Morphogenesis, Apical Dominance, Phloem Transport, Seed dormancy, Senescence, and Others), By End-Use Industry (Agriculture, Research Labs, Pharmaceuticals, Biodefense, Food Industry, Cosmetics, Biomedicine, Environment Monitoring, and Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030”

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Asia-Pacific to Register Highest Growth:

In 2023, Asia Pacific region held the largest share in the Cytokinins market, owing to the presence of a large amount of agricultural production land and growing food industry. The comprehensive use of Cytokinins in the production of organic food and the implementation of strict regulation for the use of a hazardous chemical is increasing the demand for cytokinins. India and China have vast agricultural land and the primary occupation of people is farming. China is continuously working towards advanced technology in agricultural production and 80% of agriculture is done by smart technology by smallholder farmers. The demand for agrochemicals is increasing due to the high yield is driving the cytokinins market in this region. According to OECD-FAO Agricultural Outlook 2023-2032, Developed and East Asia is the region is the second largest global producer of agriculture and fish commodities, contributing almost a fifth of the value of global output

Cytokinins Market 2023-2030: Scope of the Report

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Cytokinins Market Report – Key Takeaways:

• Growing Demand for High Crop Yields and Quality

One of the primary drivers of the cytokinins market is the increasing global demand for higher crop yields and improved quality. With the world population projected to reach nearly 10 billion by 2050, there is immense pressure on the agricultural sector to produce more food using limited resources. Cytokinins play a crucial role in enhancing plant growth by promoting cell division, delaying senescence, and improving nutrient uptake, which directly contributes to higher crop productivity and better quality. Farmers and agribusinesses are adopting cytokinins to maximize yields, especially for high-value crops such as fruits, vegetables, and ornamental plants. This demand is particularly strong in regions with intensive agriculture, such as Asia-Pacific and North America, where farmers are continuously looking for ways to optimize production. According to the Research Institute of Organic Agriculture, global sales of organic food reached nearly €135 billion (US$ 144.45 billion) in 2022. Concurrently, the global organic farming area increased by over 20 million hectares, reaching a total of 96 million hectares. As the push for greater agricultural efficiency intensifies, the use of cytokinins as part of an integrated crop management approach is expected to grow, making them essential for meeting future food security challenges.

• The growing use of cotton in the textile industry

Textile is one of the key industries globally. Cotton is mostly used in the textile industry. Cotton is a crop that is majorly used in the textile industry requiring cytokinins to increase productivity. According to IBEF, the Indian Textile and Apparel industry contributed 2.3% to GDP. The IBEF also mentioned the Indian Technical Textile industry is expected to grow to US$ 23.3 billion by 2027. According to FAO, A single metric tonne of cotton provides jobs for five people on average, often in some of the world’s most impoverished regions; that adds up around 100 million families across the globe and global trade in raw cotton is projected to surpass 11 Mt by 2030. According to the Textile Association of India, more than 40% of the world’s textiles production is in China and India and will have the largest GDP by 2050. According to USDA, the total production of cotton in 118.4 million bales in an area of 32.7 million hectares globally in 2022-23. The growing demand for cotton is driving the Cytokinins market during the forecast period.

• High Production Costs and Limited Availability

One of the significant challenges in the cytokinins market is the high production costs and limited availability of these plant hormones. Cytokinins, especially the natural variants, are often expensive to produce due to the complex processes involved in their extraction and synthesis. The cost of raw materials, labor, and advanced technologies required for their production contribute to their high price, making them less accessible to small-scale farmers, particularly in developing regions. Additionally, the limited availability of high-quality cytokinins can hinder market growth, as inconsistent supply can disrupt agricultural planning and crop management practices. Synthetic cytokinins, while potentially more accessible, may also face production challenges related to regulatory approval and acceptance among growers. The high cost and limited availability of cytokinins restrict their widespread use, particularly in cost-sensitive markets, posing a barrier to market expansion. To overcome this challenge, ongoing research and development efforts are needed to find more cost-effective production methods, improve synthesis techniques, and ensure a stable supply of high-quality cytokinins for agricultural use.

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Key Opportunity Analysis:

Development of Advanced Formulations and Delivery Systems

Innovative cytokinin formulations and delivery systems present significant future opportunities for the market. Advances in formulation technologies, such as slow-release, encapsulation, and nano-carrier systems, are enhancing the stability, absorption, and efficacy of cytokinins. These advanced formulations allow for better control over hormone release, reducing application frequency and improving overall performance. Additionally, combining cytokinins with other biostimulants or nutrients in multifunctional products can create synergistic effects, enhancing plant health and growth. Customized formulations tailored to specific crops or environmental conditions can also expand the use of cytokinins in diverse agricultural settings. Investing in R&D to develop novel cytokinin formulations will not only improve product differentiation but also increase market penetration, as farmers seek more efficient and cost-effective solutions for crop management.

Expanding Applications in Plant Tissue Culture and Organic Products

The growing applications of cytokinins in plant tissue culture and biotechnology offer a promising opportunity for market expansion. Cytokinins are widely used in tissue culture to promote cell division, shoot formation, and plant regeneration, which are essential in the mass propagation of crops, development of new plant varieties, and conservation of endangered species. As biotechnology advances, the use of cytokinins in genetic engineering and transgenic plant development is also increasing. This includes creating crops with enhanced traits such as pest resistance, improved nutritional content, and better adaptability to climate change. The expanding scope of biotechnology and tissue culture, driven by the need for innovative agricultural solutions, is expected to drive the demand for cytokinins, positioning them as crucial components in modern plant science and crop improvement programs. The growing number of lactose-intolerant populations across the globe is increasing the demand for Cytokinins. According to Organic Trade Association survey 2022, Organic food sales accounted for US$ 61.7 billion with a growth rate of 4.3% in 2012 and organic non-food accounted for US$ 6 billion. Furthermore, increasing demand for food and beverages with organic ingredients is growing in demand for cytokinins in coming years.

Rising Opportunities in Developing Markets

The growing agricultural sectors in developing regions, such as Asia-Pacific, Latin America, and Africa, offer vast opportunities for the cytokinins market. These regions are characterized by increasing investments in agriculture, expanding arable land, and a rising focus on improving crop yields to meet food security needs. As awareness of plant growth regulators grows among farmers in these markets, there is significant potential for the adoption of cytokinins. For example, the United States saw $52.5 billion in sales of organic products in 2018, increasing 6.3 percent from the previous year, according to the OTA’s 2019 Organic Industry Survey. Similarly, the UK’s organic market was valued at £2.79 billion in 2021, up 12.6 percent from sales in 2020, according to the Organic Sector Report 2021 released by the Soil Association Certification. The poll claims that over the past 15 years, the organic market has expanded more quickly than the non-organic sector. Governments in developing countries are also promoting the use of advanced farming inputs, including biostimulants, to enhance productivity and support sustainable agriculture. Targeting these emerging markets with cost-effective and locally adapted cytokinin products can drive substantial growth, tapping into the vast potential of the agricultural expansion in these regions.

Growing Role in Climate-Resilient Agriculture

Cytokinins are set to play a crucial role in climate-resilient agriculture, providing significant market opportunities as the agricultural sector adapts to climate change challenges. With increasing incidences of drought, salinity, and extreme weather, there is a heightened demand for crops that can tolerate such stresses. Cytokinins enhance plant stress tolerance by improving water retention, stimulating root growth, and regulating key physiological processes. As a result, they are becoming an essential tool for farmers looking to safeguard yields under unpredictable conditions. The promotion of climate-smart agriculture by governments and global organizations, along with ongoing research into stress-resistant crop varieties, is expected to boost the adoption of cytokinins, making them integral to future farming strategies focused on resilience and sustainability. According to Invest India, Agriculture contributes 16.7% of India’s GDP and 58% of the people are into farming. Agriculture is the backbone of India’s economy and Gross Value Added (GVA) is 18.4% in 2022-23. Indian agritech is poised to lead the next decade’s technology-driven value creation, with a projected 50% CAGR over the next five years. The sector aims to address a $34 billion market by 2027

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The report also covers the following areas:

• Cytokinins Market Size and Forecast
• Cytokinins Market Trends
• Cytokinins Market Analysis by Product Type

Cytokinins Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2023-2030
• Value Chain Analysis of key stakeholders
• Detailed analysis of market drivers and opportunities during the forecast period
• Cytokinins Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Cytokinins Market

Covid and Ukrainian Crisis Impact:

• The COVID-19 pandemic significantly impacted the growth of the cytokinin market, both positively and negatively. On the negative side, the pandemic disrupted global supply chains, causing delays in the production and distribution of cytokinins due to restrictions on transportation, factory shutdowns, and labor shortages. These disruptions led to increased costs and reduced availability of cytokinins, particularly during the initial phases of the pandemic, affecting agricultural productivity. However, the pandemic also highlighted the importance of resilient agricultural practices and biostimulants, including cytokinins, to enhance crop growth and stress resistance in uncertain conditions. As farmers sought ways to improve yields and mitigate the impact of supply chain disruptions on traditional inputs like fertilizers and pesticides, the demand for biostimulants, including cytokinins, saw a boost.
• The Russia-Ukraine war has had a notable impact on the growth of the cytokinin market, primarily through its effects on global agricultural supply chains and economic conditions. The conflict has disrupted the supply of key agricultural inputs and raw materials, including those used in the production of cytokinins, by affecting transportation routes and causing shortages. This has led to increased costs and delays in the availability of cytokinins, particularly in affected regions. Additionally, the war has contributed to global inflation and economic instability, further straining agricultural sectors and impacting the purchasing power of farmers. The long-term effects of the war may lead to a greater emphasis on sustainable and self-sufficient agricultural practices, creating opportunities for the cytokinin market to grow as part of broader efforts to improve agricultural stability and productivity.

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List of Key Market Players in the Cytokinins Market:

The Global Cytokinins Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• BASF SE
• Redox Industries
• Xinyi(H.K.) Industrial Co., Ltd.
• Sichuan Guoguang Agrochemical Co. Ltd.
• Nufarm Ltd.
• Sigma-Aldrich
• Omex Canada
• Tokyo Chemical Industry Co., Ltd.
• Stoller USA, Inc.
• GoldBio
• Miller Chemical & Fertilizer, LLC
• PhytoTech Labs, Inc.
• Merck KGaA
• Otto Chemie Pvt. Ltd.
• Cayman Chemical

Related Reports:

Plant Growth Regulators Market: Plant growth regulators are the synthetic or natural chemicals that are responsible in controlling the growth and development of the plant.

Fertilizer Additives Market: Coloring agents contribute to the fertilizer food processor an influential implement to differentiate their fertilizers, focus the level of quality, and encourage their appeal.

Specialty Fertilizers Market: Specialty Fertilizers are water-soluble fertilizers and can be used in a wide range of crops owing to their micronutrient-providing capability which offers ample growth opportunities for the industry players in near future in the Specialty Fertilizers industry.

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