Market Overview:
The global rooting hormone powder market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for fruits and vegetables across the globe. Additionally, the rising awareness about the benefits of using rooting hormones is also propelling the growth of this market. On the basis of type, agent-based rooting hormones are expected to dominate in terms of revenue share during 2018-2030 owing to their easy availability and low cost as compared to powder-based rooting hormones. However, powder-based rooting hormones are projected to witness higher growth rates during forecast period due their high efficacy in inducing root formation as compared with agent-based ones.
Product Definition:
Rooting hormone powder is a powder that helps plants to grow new roots. It is often used when propagating plants by rooting cuttings.
Agent:
The agent is a powder that is used in the manufacturing of hormones. It helps to increase the rate of absorption and decrease the amount of time required for its action. The hormone powder which contains an agent, when introduced into the body, increases its effectivity by enhancing target cells' response to it. Agent Powder also enhances various functions such as immune system function, cell growth & division among others thus resulting in increased productivity at lesser costs.
Powder:
Powder is a fine, white crystalline powder that is used in the production of hormones. It is an intermediate product and has various applications such as it can be used to produce insulin, progesterone, testosterone and estrogen. Powder form of the hormone acts faster than its liquid counterpart; hence it’s widely preferred by manufacturers for manufacturing hormonal products.
Application Insights:
Fruits trees root application segment dominated the global market in 2017. This is due to high product demand from countries, where fruit tree cultivation is a major occupation, such as India, China and Brazil. Furthermore, increasing demand for fruits and vegetables has resulted in an increased need for horticultural products including fertilizers which will boost the growth of the overall market over the forecast period.
Vegetables root application segment was estimated at USD 446.5 million in 2017 owing to high product consumption from countries like China and India where agriculture is one of the main occupations along with fishing and animal husbandry respectively. Rooting hormones are also used on a commercial scale by farmers who produce vegetables such as turnips radish beetroot etc.
Regional Analysis:
North America dominated the global market in 2017 owing to high demand for vegetables and fruits. The region is expected to witness a CAGR of XX% over the forecast period on account of rising consumer awareness regarding health benefits associated with rooting hormone powder. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to increasing consumption of vegetables and fruits as well as rise in consumer disposable income levels, thereby fueling product demand.
The European region also accounted for a significant share in terms of revenue and is expected exhibit a CAGR exceeding 7% during the same period owing its high consumption rate coupled with growing trend towards organic farming practices across countries such as Spain, Portugal, France, Italy among others will drive growth over next few years.
Growth Factors:
- Increasing demand for quality and healthy food products is expected to drive the growth of the rooting hormone powder market over the forecast period.
- The rising popularity of organic farming is also anticipated to fuel the demand for rooting hormone powder in the near future.
- The increasing awareness about benefits of using rooting hormone powders is projected to boost market growth during the forecast period.
- Growing number of horticulture and floriculture enthusiasts are expected to create new opportunities for market players operating in this space over next few years. 5) Rising adoption of innovative technologies by key players is likely to propel growth prospects for rooting hormone powder market in coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Rooting Hormone Powder Market Research Report
By Type
Agent, Powder
By Application
Vegetables Root, Fruit Trees Root
By Companies
Henan Xinchao Agricultural Science and Technology Co. Ltd, Zhengzhou Senya Agricultural Science and Technology Co. Ltd, Sichuan Zhuoyi Bochuan Biotechnology Co. Ltd, Shaanxi Huicheng Biological Technology Co., Ltd, Hormex, Bonide
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Rooting Hormone Powder Market Report Segments:
The global Rooting Hormone Powder market is segmented on the basis of:
Types
Agent, Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Vegetables Root, Fruit Trees Root
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Henan Xinchao Agricultural Science and Technology Co. Ltd
- Zhengzhou Senya Agricultural Science and Technology Co. Ltd
- Sichuan Zhuoyi Bochuan Biotechnology Co. Ltd
- Shaanxi Huicheng Biological Technology Co., Ltd
- Hormex
- Bonide
Highlights of The Rooting Hormone Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Agent
- Powder
- By Application:
- Vegetables Root
- Fruit Trees Root
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Rooting Hormone Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Rooting hormone powder is a supplement that helps to stimulate the growth of new roots in plants. It is typically used in gardens and landscaping applications to help promote healthy plant growth.
Some of the major companies in the rooting hormone powder market are Henan Xinchao Agricultural Science and Technology Co. Ltd, Zhengzhou Senya Agricultural Science and Technology Co. Ltd, Sichuan Zhuoyi Bochuan Biotechnology Co. Ltd, Shaanxi Huicheng Biological Technology Co., Ltd, Hormex, Bonide.
The rooting hormone powder market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rooting Hormone Powder Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Rooting Hormone Powder Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Rooting Hormone Powder Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Rooting Hormone Powder Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Rooting Hormone Powder Market Size & Forecast, 2020-2028 4.5.1 Rooting Hormone Powder Market Size and Y-o-Y Growth 4.5.2 Rooting Hormone Powder Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Agent
5.2.2 Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Vegetables Root
6.2.2 Fruit Trees Root
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rooting Hormone Powder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Rooting Hormone Powder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Agent
9.6.2 Powder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Vegetables Root
9.10.2 Fruit Trees Root
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Agent
10.6.2 Powder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Vegetables Root
10.10.2 Fruit Trees Root
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Agent
11.6.2 Powder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Vegetables Root
11.10.2 Fruit Trees Root
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Agent
12.6.2 Powder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Vegetables Root
12.10.2 Fruit Trees Root
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Agent
13.6.2 Powder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Vegetables Root
13.10.2 Fruit Trees Root
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Rooting Hormone Powder Market: Competitive Dashboard
14.2 Global Rooting Hormone Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Henan Xinchao Agricultural Science and Technology Co. Ltd
14.3.2 Zhengzhou Senya Agricultural Science and Technology Co. Ltd
14.3.3 Sichuan Zhuoyi Bochuan Biotechnology Co. Ltd
14.3.4 Shaanxi Huicheng Biological Technology Co., Ltd
14.3.5 Hormex
14.3.6 Bonide