The Global abscisic acid (ABA) market will project a compound annual growth rate (CAGR) of 4.2% during the forecast period of 2021-2028 and will reach USD 0.649 billion by the year 2028.
Global Abscisic Acid (ABA) Market Analysis and Insights
ü The Global abscisic acid (ABA) market will project a compound annual growth rate (CAGR) of 4.2%.
ü Global abscisic acid (ABA) market forecast period of 2021-2028 and will reach USD 0.649 billion by the year 2028.
ü Abscisic acid (ABA) is a plant hormone. It functions in several plant developmental processes, such as seed and bud dormancy, the control of organ size and stomatal closure.
ü Factors that drive the growth of the market include rise of the organic food industry, owing to increased demand for organic food across the globe.
ü In addition, upsurge in the textile industry, such as increase in the production of cotton, and the increase in the practice of organic farming is expected to boost the market growth
However, the covid-19 has put a halt on the production of various stabilizers and essential chemicals and this will pose a major challenge to the growth of abscisic acid (ABA) market. Also, fluctuations in the prices of raw materials will further derail the abscisic acid (ABA) market growth rate.
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Global Abscisic Acid (ABA) Market Scope and Market Size
Global abscisic acid (ABA) market is segmented on the basis of product type and application.
· Based on the product type, the abscisic acid (ABA) market is segmented into 99% and above purity, and no greater than 99% purity.
- On the basis of application, the abscisic acid (ABA) market is segmented into fruits and vegetables, grains and pulses, ornamentals, and others.
Abscisic Acid (ABA) Market Country Level Analysis
The abscisic acid (ABA) market is analyses and market size, volume information is provided by country by product type and application as referenced above.
v The countries covered in the abscisic acid (ABA) market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific region is undergoing substantial gains and is projected to score the highest compound annual growth rate (CAGR) during the forecast period. This is because of the more capital investments in the agriculture sector in developing economies such as India, China, Japan, Indonesia, Malaysia and Thailand.
Global Abscisic Acid (ABA) Market Share Analysis
The abscisic acid (ABA) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to abscisic acid (ABA) market.
Key Players Brain Monitoring Device Market
The major players covered in the abscisic acid (ABA) market report are BASF SE, DuPont, TATA chemicals limited, Nufarm, Arysta Life science, Fine agrochemicals, Vizag Chemical, ALPHA CHEMIKA, Syngenta and Sumitomo Chemical Co., Ltd., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America separately.
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MAJOR TOC OF THE REPORT
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
· Chapter Six: Global Abscisic Acid (ABA) Market by Product & Procedure type
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