Within the broader pesticide category, Plant Growth Regulators (PGRs) are playing an increasingly vital role. Unlike traditional insecticides, fungicides, and herbicides, the core value of PGRs lies in their unique dual efficacy: they not only scientifically regulate crop growth and development but also significantly enhance final yield and quality. This characteristic, coupled with their generally low toxicity and high safety profile, enables their widespread application across diverse agricultural scenarios, addressing modern agriculture's core demand for higher quality and greater efficiency.
Given these significant advantages, the market outlook for Plant Growth Regulators is widely regarded as promising, with demand showing sustained growth worldwide. This, in turn, offers companies ample opportunities for registration and expansion.
This positive trend is strongly corroborated by the latest 2024 registration data from the China Pesticide Information Network (ICAMA). Of the 2,378 new pesticide products approved this year, PGRs accounted for 217, making up 9.13% of the total. This highlights their significant position in the industry's new product development pipeline. This new batch of approvals includes 22 technical grade products and 195 formulated products, covering the entire value chain from upstream R&D to end-user applications.
An in-depth analysis of the current registration data reveals a clear trend toward concentration in the PGR market's competitive landscape. The data indicates that 32 companies now hold more than 10 valid registrations each, forming a formidable top tier of competitors.
In this race for market position, the performance of Sichuan Guoguang Agrochemical Co., Ltd. is particularly striking. The company holds a commanding lead with a staggering 145 PGR registrations, firmly securing its place at the top of the industry. This figure is not only several times that of its closest competitor but, more importantly, it demonstrates the company's profound technical expertise and long-term strategic commitment to the sector, establishing it as the undisputed leader in the PGR race.