Answer: No
Plants use osmotic pressure to transport water and nutrients, but this is not what determines the height limit for terrestrial plants.
Transport of water in vascular plants is largely due to turgor pressure (similar to osmotic pressure). See https://nph.onlinelibrary.wiley.com/doi/10.1111/nph.18683 for a detailed discussion.
Turgor pressure is generated because solutes are more concentrated inside plant cells than outside the cells' membrane. Osmotic pressure drives water into the cells, creating turgor pressure which pushes the flexible semi-permeable cell membrane against the rigid cell wall. It is this turgor pressure which pushes water up the vascular channels to the top of plants and also provides pressure for roots to separate rocks. Pressure of up to 2.0Mpa (290psi or 670ft of water) can be generated https://en.wikipedia.org/wiki/Turgor_pressure
But the tallest Earth plants are only half the height of the turgor pressure. This means turgor pressure is not the sole limiting factor for maximum plant height on Earth.
Turgor pressure is more than enough to transport water to the top of the tallest redwood. The height of palm trees (as specified in the OP) is nowhere near this height, so their growth must be limited by other factors. These other factors may very well limit their height even if they were grown on a planet with lower gravity.
On a planet with 1/3 the gravity of Earth, turgor pressure could potentially transport water and nutrients three times as high. Of course, Earth plants cannot grow on Mars for a multitude of reasons. But if plant life evolved on a low-gravity planet, it could very well produce plants taller than Earth’s.
It is interesting that the tallest trees on Earth (Eucalyptus and Redwoods) are much shorter than the limit imposed by turgor pressure. Height imposes evolutionary costs, so that higher is not necessarily a selective advantage.
There is an analogy with building height. Tall buildings spend disproportionately on elevator shaft volume. Once a building is over about 50 stories, adding more floors does not add useful floor area. Skyscrapers are an exercise in vanity. https://www.economist.com/interactive/culture/2024/09/20/what-supertall-skyscrapers-reveal-about-countries-that-build-them