The latest report by IMARC Group, titled “Gibberellins Market Report by Product Type (19-Carbon Gibberellins, 20-Carbon Gibberellins), Form (Liquid, Powder, Granules), Application (Malting Of Barley, Increasing Sugarcane Yield, Fruit Production, Seed Production, and Others), and Region 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the global gibberellins market report. The global market size reached US$ 848.52 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1706.20 Million by 2032, exhibiting a growth rate (CAGR) of 8.07% during 2024-2032.
Factors Affecting the Growth of the Gibberellins Industry:
- Technological advancements in agriculture:
Technological innovations in agriculture have significantly impacted the production and application of gibberellins. Advancements such as precision farming, genetic engineering, and biotechnology have enhanced the understanding of plant physiology and the role of gibberellins in growth regulation. This has led to the development of new gibberellin-based products with improved efficacy and specificity. Furthermore, innovative formulation techniques have enabled the production of stabilized and controlled-release formulations, enhancing the efficiency and longevity of gibberellin treatments. These technological advancements boost the effectiveness of gibberellins and facilitate their integration into modern agricultural practices, driving the growth of the gibberellins market.
- Increasing demand for high-yield crops:
With the expanding global population, there is a pressing need to increase agricultural productivity to ensure food security. Gibberellins play a crucial role in regulating plant growth processes such as seed germination, stem elongation, and flowering, which are essential for achieving high crop yields. Farmers are increasingly adopting gibberellin-based products to promote vigorous vegetative growth, improve fruit sets, and enhance overall crop productivity. Moreover, the demand for high-value crops, such as fruits, vegetables, and ornamental plants, continues to rise due to changing dietary preferences and urbanization. Gibberellins offers a sustainable solution to meet this growing demand by promoting uniform growth, increasing fruit size, and improving the quality of agricultural produce, thus bolstering the market growth.
- Expanding applications in horticulture and floriculture:
Gibberellins have found diverse applications in horticulture and floriculture owing to their ability to regulate plant growth and development. In horticulture, gibberellins are used to promote flowering, induce fruit set, and improve the post-harvest quality of fruits and vegetables. They are also employed to manage plant architecture, enhance ornamental traits, and prolong the shelf life of cut flowers and ornamental plants. Additionally, gibberellins are utilized in turf management to stimulate turfgrass growth and improve turf quality. As the demand for aesthetically pleasing landscapes and high-quality ornamental plants continues to grow, the use of gibberellins in horticulture and floriculture is expected to expand further, contributing to the market expansion.
Competitive Landscape with Key Player:
- Atharv Chemicals & Fertilizers Private Limited
- Fine Americas Inc.
- Indocell Crop Science
- Jiangsu Fengyuan Bioengineering Co. Ltd.
- Nufarm
- Star Bio Science
- Valent BioSciences LLC (Sumitomo Chemical Co. Ltd.)
- Zhejiang Qianjiang Biochemical Co. Ltd.
- Zhengzhou Delong Chemical Co. Ltd.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gibberellins-market/requestsample
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
- 19-Carbon Gibberellins
- 20-Carbon Gibberellins
19-carbon gibberellins represented the largest segment by product type due to their widespread use and effectiveness in promoting plant growth and development.
Breakup by Form:
- Liquid
- Powder
- Granules
Liquid form dominates the market because of its convenience, ease of application, and better absorption by plants compared to other forms.
Breakup by Application:
- Malting of Barley
- Increasing Sugarcane Yield
- Fruit Production
- Seed Production
- Others
Fruit production accounts for the majority of the market shares due to the high demand for gibberellins in enhancing fruit quality, size, and yield.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific leads the market due to the region’s extensive agricultural activities, growing population, and increasing adoption of modern agricultural practices.
Global Gibberellins Market Trends:
The increasing awareness and adoption of sustainable farming practices, coupled with stringent regulations promoting eco-friendly agricultural inputs, prompting farmers to seek alternatives to traditional chemical-based fertilizers and pesticides, such as natural plant growth regulators like gibberellins are strengthening the market growth. Besides this, the rising trend of vertical farming and controlled environment agriculture (CEA) spurring the demand for gibberellins as these technologies require precise control over plant growth and development, is fostering market expansion. Furthermore, the widespread product adoption as a natural solution to optimize crop growth in indoor farming settings, driven by concerns over soil health is propelling the market forward.
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