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PMR Report- Plant Health Improvement Agents (PHIA) Market Would Register a Healthy Growth by 2020

Press Release   •   Feb 06, 2017 06:31 EST

Various plant health improvement agents are used to improve the health quality of the crops, plants and other plant species. On the bases of their uses the plant health improvement agents market can be bifurcated into synthetic fertilizers (nitrogen-based nutrients), micronutrients (Chelates) and plant growth regulators (minerals such as zinc, manganese and magnesium). Synthetic fertilizers have the largest market share for plant health improvement agents followed by micronutrients and plant health regulator.

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North America has the largest market share for plant health improvement agents, followed by Europe and Asia-Pacific. Asia-Pacific region is expected to become threat for North America as major market of plant health improvement agents. Asia-Pacific market is expected to witness double digit growth in the forecasted period owing to the technological advancement in the developing countries such as China and India.

Increasing awareness about the importance of plant health paired with increasing horticulture knowledge is driving the global plant health improvement agents market. Additionally, rising healthcare costs coupled with healthier eating habit of the individual have increased demand for high values nutritious products such as proteins, nuts, vitamins and minerals. This is pushing the demand for plant health improvement agents use in horticulture. Also, farmers need to maximize their productivity yield per acre and to produce more with fewer resources is further increasing the demand of smart fertilizers, micronutrients and plant growth regulators.

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Some of the major companies operating in the global plant health improvement agents are Agrium Inc., ICL Fertilizers, The Mosaic Company., Yara International and Plant Health Care.

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