Global Gibberellins Market Continues To Grow With Increasing Demand For High-Quality Fruits And Vegetables And Continuous R&D Activities Across The Globe

Gibberellins Market


 Gibberellins or "Gibberellins" as they are sometimes called, are a large family of sugar cane chemicals used for hundreds of years to support plant growth, development, reproduction, and protection. Gibberellins can be classified into two broad categories, growth regulators and non-food substances. They are made from the seeds of sugar cane plants; although the chemical composition of gibberellins varies depending on the type of plant it is used on. Gibberellins belong to the phylum Cimicifuga, which means "Cactus-like" in English. They play a major role in the life cycles of many types of plants, especially the popular cacti species. Gibberellins function as growth regulators because they are essential for proper growth, development, reproduction, survival, and survival.

Increasing demand for quality fruits and vegetables is expected to drive growth of the global gibberellins market. The demand for high-quality fruits and vegetables has increased significantly in the recent past, which has increased the utilization of gibberellins. According to the U.S. Department of Agriculture Foreign Agricultural Service, in 2019, the U.S. fresh fruits and vegetable exports reached US$ 7.1 billion. According to the Brewers Association, the number of breweries in the U.S. increased by 16.6% to reach 5,301 in 2016. Gibberellins are typically used to regulate various developmental processes including stem elongation, flower development, and more. Hence, such factors are expected to drive growth of the global gibberellins market. Furthermore, increasing R&D activities by research organizations in the field of agriculture are expected to propel the global gibberellins market growth in the near future.

High cost and low awareness associated with gibberellins are expected to hamper the global gibberellins market growth in the near future. Among regions, North America is expected to witness significant growth in the global gibberellins market. This is owing to continuous research and development activities in this field by major companies across the region. Furthermore, high adoption of new products is expected to propel the regional market growth in the near future. Europe is expected to register a robust growth rate, owing to high awareness regarding the benefits of plant growth regulators in the region.

Major companies involved in the global gibberellins market are Valent U.S.A. Corporation, Fine Americas, Inc., Nufarm Ltd., Sichuan Guoguang Agrochemical Co. Ltd., Zhejiang Qianjiang Biochemical Co., Ltd., Jiangsu Fengyuan Bioengineering Co., Ltd., SePRO Corporation, Biosynth AG, Shanghai Fuang Agrochemical Co. Ltd., Sichuan Guoguang Agrochemical Co. Ltd, and Nufarm Ltd.

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