Gibberellins Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product Type (19-Carbon Gibberellins, 20-Carbon Gibberellins), By Form (Powder, Granules, Liquid), By Application (Malting of Barley, Sugarcane Yield, Fruit Production, Seed Production, Others), By Region and Competition

Industry : Agriculture
Pages : NA
Published Date : NA

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Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 677.40 Million
CAGR (2023-2028)	7.87%
Fastest Growing Segment	20-Carbon Gibberellins
Largest Market	North America

Market Overview

Global Gibberellins Market has valued at USD 677.40 Million in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 7.87% through 2028. Gibberellins are plant hormones that play a crucial role in regulating various aspects of plant growth, including seed germination, stem elongation, flowering, and seed dormancy. Over the years, more than 130 gibberellins have been identified, but only a few of them are considered bioactive. Extensive research and development studies have highlighted the broad range of cellular biological processes influenced by gibberellins. These hormones have played a pivotal role in the green revolution of plants, significantly contributing to increased grain yield. As essential plant growth regulators, gibberellins support growth at different stages and restore normal plant development. They are highly beneficial for various developmental processes in plants.

Key Market Drivers

Rising Demand in the Agriculture Industry

The global agricultural industry is witnessing an increasing demand for high-yield crops, which is set to heighten the demand for gibberellins worldwide. Gibberellins are plant hormones that significantly influence growth and developmental processes, including stimulating seed germination, stem growth, and flowering. As the world's population continues to rise, the pressure on the agricultural sector to meet food demands is intensifying. This has led to a surge in the use of technology and science to boost crop productivity. Utilizing gibberellins can help farmers achieve this goal, as these hormones are known to enhance the overall growth of plants. Furthermore, as countries continue to modernize their agricultural practices, the adoption of gibberellins is expected to rise. In addition, the growing focus on organic farming, which relies heavily on natural growth regulators like gibberellins rather than chemical fertilizers, is likely to fuel global demand. Hence, the increasing need for high-yield crops and the shift towards more sustainable farming practices create a significant growth opportunity for the gibberellins market globally.

Technological Advancements in Gibberellins Production

Technological advancements in the field of gibberellins production are anticipated to heighten the global demand for these biologically active plant hormones. Innovative production methodologies and techniques enable a more efficient, cost-effective, and environmentally friendly production process, key factors in escalating the demand. For instance, the use of genetically modified microbes for biosynthesis of gibberellins has streamlined the production process, reducing the cost and making it more feasible for commercial scale-up. Furthermore, modern purification technologies have improved the quality of the final product, enhancing its effectiveness in various applications such as plant growth regulation, fruit setting and elongation, seed germination, and flowering. This increased effectiveness inevitably drives up demand. Additionally, the rise of precision agriculture, powered by digital technology, has led to a more targeted and efficient application of gibberellins, reducing wastage and maximizing results. This precision further propels the demand for gibberellins as it demonstrates the tangible benefits of its use to farmers globally. Lastly, with heightened global awareness on sustainable practices, the production of gibberellins through environmentally friendly processes resonates with conscious consumers, indirectly pushing the global demand.

Growing Awareness About the Benefits of Gibberellins in Crop Improvement

As the global population continues to grow, the need for efficient and innovative agricultural practices is paramount. Gibberellins, a group of plant hormones known for their ability to stimulate plant growth and influence developmental processes, have been recognized for their potential in crop improvement. The benefits of gibberellins range from promoting germination, increasing the length of stem cells, to affecting the flowering process and the development of fruits. Moreover, they can enhance the plant's resistance to stress factors like drought, thereby increasing crop yield even under adverse conditions. With the rising awareness of these benefits, the demand for gibberellins is anticipated to surge globally. Farmers, agricultural scientists, and policymakers are becoming more aware of the role these hormones can play in addressing some of the greatest challenges in agriculture. These include the need to increase crop yields to feed a burgeoning population and to mitigate the negative effects of climate change on crop production. This growing awareness is fostered by research findings being more accessible and understandable to the public. As the benefits of gibberellins in crop improvement become more universally recognized, their demand in the global market is expected to increase significantly.

Increase in Demand for Disease-Resistant Crop Varieties

The global demand for Gibberellins, a class of plant hormones essential for promoting growth and development, is expected to rise significantly due to the increasing demand for disease-resistant crop varieties. As the world grapples with the challenges of climate change and population growth, the need for durable, high-yield crops that can withstand disease and harsh weather conditions is more critical than ever. Gibberellins play a pivotal role in this regard, enhancing the plant's natural defenses against diseases and facilitating speedy recovery from these ailments. Moreover, as Gibberellins influence a wide range of developmental processes, including seed germination, stem elongation, and flowering, they can substantially increase crop yields. This potential has sparked significant interest among farmers and agricultural scientists, resulting in a surge in demand for these plant hormones on a global scale. As such, the market for Gibberellins is projected to witness expansive growth, driven primarily by the urgent need for disease-resistant crops capable of feeding the world’s burgeoning population amid escalating environmental challenges.

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Key Market Challenges

High Cost of Producing Gibberellins

The high production cost of Gibberellins, a class of plant hormones that stimulate growth and influence developmental processes, is expected to significantly decrease its global demand. This cost factor largely attributes to the complex process of extracting and purifying Gibberellins from fungi or chemically synthesizing them in laboratories. Both processes are not only resource-intensive but also demand substantial time and expertise. Additionally, the increasing costs of raw materials and stringent environmental regulations add to the existing financial burden of production. As businesses strive to be cost-effective, the high cost of Gibberellins production poses a substantial barrier, deterring potential manufacturers from entering the market. This situation, in turn, affects supply, making it harder for industries that rely on Gibberellins, such as agriculture, to afford them. Consequently, industries are exploring cheaper alternatives and more economical growth-promotion methods. This shift could result in a decreased global demand for Gibberellins in the long run, affecting the overall market dynamics. While scientific advancements may eventually lead to more cost-effective production processes, the current economic constraints are poised to impact the Gibberellins market negatively.

Lack Of Awareness About the Benefits of Gibberellins

Despite their potential to significantly increase crop yield and bolster plant growth, Gibberellins often go under-utilized in many regions. The primary reason behind this is that many farmers and cultivators, particularly those in developing countries, remain uninformed about the benefits that these hormones offer. Moreover, the technical nature of Gibberellin application can serve as a deterrent for those without proper guidance or training. In addition, there is a dearth of comprehensive, easily accessible resources to educate farmers on the optimal usage of these hormones. This lack of awareness and understanding can lead to hesitation or outright avoidance of Gibberellin use. Until efforts are intensified to disseminate knowledge on Gibberellins' benefits and usage, it is likely that the demand for these valuable hormones will continue to suffer globally. The consequence of this situation extends beyond market dynamics, potently affecting food security and agricultural sustainability on a global scale. As awareness of the benefits and potential of Gibberellins increases, there has been a growing interest in finding more efficient and sustainable methods for their production. Traditional methods rely on chemical synthesis, which can be costly and environmentally damaging. However, recent advancements in biotechnology have led to the development of alternative methods for producing Gibberellins, such as microbial fermentation using genetically modified organisms.

Key Market Trends

Increase in Funding for Agritech Startups

The global increase in funding for AgriTech startups is projected to positively influence the demand for Gibberellins, plant hormones that stimulate growth and influence various developmental processes. This surge can be attributed to the growing recognition of the essential role these hormones play in enhancing agricultural yield and productivity. As AgriTech startups receive more funding, they are poised to invest in innovative solutions that integrate the use of Gibberellins. These solutions may include precision farming and smart irrigation systems that optimize the usage of Gibberellins, thereby increasing their demand. Furthermore, the increased funding also allows for extensive research and development activities, paving the way for the discovery of new applications of Gibberellins in agriculture. It's expected that these advancements will create a ripple effect, augmenting Gibberellins usage not only in established markets but also in emerging economies where agriculture forms a significant part of their GDP. Hence, the boost in AgriTech funding is not only a game-changer for these startups but also a significant driver for escalating global Gibberellins demand.

Increase in Export of Crops Treated with Gibberellins

The potential increase in the export of crops treated with Gibberellins is anticipated to fuel the global demand for these plant hormones. Gibberellins play a pivotal role in crop enhancement, promoting growth and influencing developmental processes, making them a popular choice amongst agricultural producers. Countries with significant agricultural sectors are scaling up their utilization of Gibberellins to boost crop yield and quality. As these treated crops are exported, it creates a transnational demand for Gibberellins. Countries importing these crops may seek to replicate the success of their exporting counterparts, augmenting the global use of Gibberellins. Moreover, with the growing emphasis on food security and sustainable agricultural practices, Gibberellins' role in increasing crop productivity without severely impacting the environment further intensifies their global appeal. Thus, an uptick in the export of crops treated with Gibberellins is predicted to drive a surge in the worldwide demand for these essential plant hormones.

Segmental Insights

Product Type Insights

Based on the Product Type, the Global Gibberellins Market is currently dominated by 20-Carbon Gibberellins (GA3), primarily due to their wide-ranging applications in agriculture and horticulture. These types of gibberellins are prominently used in seed germination, flowering, and fruit development processes, thereby contributing significantly to their demand in the global market. Additionally, 20-Carbon Gibberellins are also utilized in the production of commercial crops such as rice and wheat, making them an essential component in global food production.

Apart from 20-Carbon Gibberellins, there is a growing demand for other types of gibberellins such as 19-Carbon Gibberellins (GA4) and 18-Carbon Gibberellins (GA7). These types of gibberellins have demonstrated promising results in enhancing plant growth and yield, particularly in fruits and vegetable crops. As a result, they are increasingly being used by farmers and horticulturists to improve the quality and quantity of their produce.

Application Insights

Based on the Application, the malting of barley plays a crucial role in the Global Gibberellins Market, holding a significant share. This dominance can be attributed to the extensive utilization of Gibberellins, which greatly enhances the germination process of barley. As we know, this is a critical step in beer brewing, where the consistent and efficient germination of barley is necessary for achieving the desired quality and flavour profiles of beer. With the ever-increasing demand for beer worldwide, the growth of this segment is being further propelled, as breweries strive to meet the rising consumer preferences and market demands. The utilization of Gibberellins in the malting industry is not only enhancing efficiency and productivity but also enabling brewers to create distinctive and exceptional brews that cater to a diverse range of tastes and preferences. Hence, the significance of Gibberellins in the malting of barley cannot be overstated, as it continues to reshape and drive the growth of the Global Gibberellins Market.

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Regional Insights

Due to the expanding population and increased demand for agricultural products, the North America region is expected to lead the gibberellins market during the forecast period. Market expansion is anticipated in this region due to the presence of key manufacturers and supportive government policies for agriculture and horticulture. The market in the region is expanding as a result of the growing understanding among farmers about the benefits of using gibberellins in crop production. Europe is predicted to experience significant growth due to increased demand for high-quality crops and the adoption of modern agricultural techniques. The presence of major pharmaceutical companies in these regions is also fueling the demand for gibberellins for therapeutic applications. Furthermore, rising R&D efforts aimed at boosting crop yields are expected to drive market expansion.

South America and the Middle East & Africa are anticipated to have significant development potential throughout the projection period, thanks to increased government measures to promote agricultural production and sustainable agricultural practices. The region's demand for gibberellins is also expected to rise in response to growing consumer demand for high-value crops such as fruits and vegetables. Overall, the global gibberellins market is projected to experience significant growth over the forecast period, driven by the adoption of cutting-edge farming techniques, expanding population, and increased demand for agricultural products. Market expansion is expected in all regions due to the presence of key market players, growing farmer awareness, and favorable government policies promoting agriculture and horticulture.

Recent Developments

In December 2022, KRIBHCO introduced SIVARIKA, an innovative and sustainable seaweed bio-stimulant. According to a press release from Kribhco, the SIVARIKA Seaweed acts as a metabolic bio enhancer, containing proteins, vitamins, plant growth hormones such as auxin, cytokinin, and gibberellins, betaines, and mannitol. This product is cultivated and harvested from the Indian coast, providing a source of livelihood for many fisherman families.

Key Market Players

Valent U.S.A. Corporation
Nufarm Ltd.
Sichuan Guoguang Agrochemical Co. Ltd.
Fine Americas, Inc.
Zhejiang Qianjiang Biochemical Co., Ltd.
SePRO Corporation
Shanghai Fuang Agrochemical Co. Ltd.

By Product Type	By Form	By Application	By Region
19-Carbon Gibberellins 20-Carbon Gibberellins	Powder Granules Liquid	Malting of Barley Sugarcane Yield Fruit Production Seed Production Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Gibberellins Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

· Gibberellins Market, By Product Type:

o 19-Carbon Gibberellins

o 20-Carbon Gibberellins

· Gibberellins Market, By Form:

o Powder

o Granules

o Liquid

· Gibberellins Market, By Application:

o Malting of Barley

o Sugarcane Yield

o Fruit Production

o Seed Production

o Others

· Gibberellins Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Gibberellins Market.

Available Customizations:

Global Gibberellins market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

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Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, and Trends

4. Voice of Customer

5. Global Gibberellins Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Product Type (19-Carbon Gibberellins, 20-Carbon Gibberellins)

5.2.2. By Form (Powder, Granules, Liquid)

5.2.3. By Application (Malting of Barley, Sugarcane Yield, Fruit Production, Seed Production, Others)

5.2.4. By Company (2022)

5.2.5. By Region

5.3. Market Map

6. North America Gibberellins Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product Type (19-Carbon Gibberellins, 20-Carbon Gibberellins)

6.2.2. By Form (Powder, Granules, Liquid)

6.2.3. By Application (Malting of Barley, Sugarcane Yield, Fruit Production, Seed Production, Others)

6.2.4. By Country

6.3. North America: Country Analysis

6.3.1. United States Gibberellins Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Product Type

6.3.1.2.2. By Form

6.3.1.2.3. By Application

6.3.2. Mexico Gibberellins Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Product Type

6.3.2.2.2. By Form

6.3.2.2.3. By Application

6.3.3. Canada Gibberellins Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Product Type

6.3.3.2.2. By Form

6.3.3.2.3. By Application

7. Europe Gibberellins Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product Type (19-Carbon Gibberellins, 20-Carbon Gibberellins)

7.2.2. By Form (Powder, Granules, Liquid)

7.2.3. By Application (Malting of Barley, Sugarcane Yield, Fruit Production, Seed Production, Others)

7.2.4. By Country

7.3. Europe: Country Analysis

7.3.1. France Gibberellins Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product Type

7.3.1.2.2. By Form

7.3.1.2.3. By Application

7.3.2. Germany Gibberellins Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Product Type

7.3.2.2.2. By Form

7.3.2.2.3. By Application

7.3.3. United Kingdom Gibberellins Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Product Type

7.3.3.2.2. By Form

7.3.3.2.3. By Application

7.3.4. Italy Gibberellins Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Product Type

7.3.4.2.2. By Form

7.3.4.2.3. By Application

7.3.5. Spain Gibberellins Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Product Type

7.3.5.2.2. By Form

7.3.5.2.3. By Application

8. Asia-Pacific Gibberellins Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product Type (19-Carbon Gibberellins, 20-Carbon Gibberellins)

8.2.2. By Form (Powder, Granules, Liquid)

8.2.3. By Application (Malting of Barley, Sugarcane Yield, Fruit Production, Seed Production, Others)

8.2.4. By Country

8.3. Asia-Pacific: Country Analysis

8.3.1. China Gibberellins Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product Type

8.3.1.2.2. By Form

8.3.1.2.3. By Application

8.3.2. India Gibberellins Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product Type

8.3.2.2.2. By Form

8.3.2.2.3. By Application

8.3.3. South Korea Gibberellins Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product Type

8.3.3.2.2. By Form

8.3.3.2.3. By Application

8.3.4. Japan Gibberellins Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Product Type

8.3.4.2.2. By Form

8.3.4.2.3. By Application

8.3.5. Australia Gibberellins Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Product Type

8.3.5.2.2. By Form

8.3.5.2.3. By Application

9. South America Gibberellins Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product Type (19-Carbon Gibberellins, 20-Carbon Gibberellins)

9.2.2. By Form (Powder, Granules, Liquid)

9.2.3. By Application (Malting of Barley, Sugarcane Yield, Fruit Production, Seed Production, Others)

9.2.4. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Gibberellins Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product Type

9.3.1.2.2. By Form

9.3.1.2.3. By Application

9.3.2. Argentina Gibberellins Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product Type

9.3.2.2.2. By Form

9.3.2.2.3. By Application

9.3.3. Colombia Gibberellins Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product Type

9.3.3.2.2. By Form

9.3.3.2.3. By Application

10. Middle East and Africa Gibberellins Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product Type (19-Carbon Gibberellins, 20-Carbon Gibberellins)

10.2.2. By Form (Powder, Granules, Liquid)

10.2.3. By Application (Malting of Barley, Sugarcane Yield, Fruit Production, Seed Production, Others)

10.2.4. By Country

10.3. MEA: Country Analysis

10.3.1. South Africa Gibberellins Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product Type

10.3.1.2.2. By Form

10.3.1.2.3. By Application

10.3.2. Saudi Arabia Gibberellins Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product Type

10.3.2.2.2. By Form

10.3.2.2.3. By Application

10.3.3. UAE Gibberellins Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product Type

10.3.3.2.2. By Form

10.3.3.2.3. By Application

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition

12.2. Product Development

12.3. Recent Developments

13. Porters Five Forces Analysis

13.1. Competition in the Industry

13.2. Potential of New Entrants

13.3. Power of Suppliers

13.4. Power of Customers

13.5. Threat of Substitute Products

14. Competitive Landscape

14.1. Valent U.S.A. Corporation

14.1.1. Business Overview

14.1.2. Company Snapshot

14.1.3. Products & Services

14.1.4. Financials (As Reported)

14.1.5. Recent Developments

14.1.6. SWOT Analysis

14.2. Nufarm Ltd.

14.3. Sichuan Guoguang Agrochemical Co. Ltd.

14.4. Fine Americas, Inc.

14.5. Zhejiang Qianjiang Biochemical Co., Ltd.

14.6. SePRO Corporation

14.7. Shanghai Fuang Agrochemical Co. Ltd.

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Gibberellins Market in 2022?

The market size of the Global Gibberellins Market was estimated to be USD 677.40 Million in 2022.

Which was the dominant segment by application in the Global Gibberellins Market in 2022?

The malting of barley is a key factor in the global Gibberellins Market. Gibberellins are widely used to improve the germination process of barley, which is crucial in beer brewing. The growing global demand for beer is fueling the growth of this segment.

Which is the dominant region in the Global Gibberellins Market?

The Asia Pacific region is expected to dominate the gibberellins market during the forecast period. This is attributed to the presence of key manufacturers in the region and favorable government policies supporting agriculture and horticulture. The market in this region is growing as farmers increasingly recognize the benefits of using gibberellins in crop production.

What are the major drivers for the Global Gibberellins Market?

Rising demand in the agriculture industry and technological advancements in gibberellins production are the major drivers for the Global Gibberellins Market.

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Press Release

Gibberellins Market to Grow with a CAGR of 7.87% through 2028

Dec, 2023

Technological advancements in gibberellins production and increase in funding for Agritech startups is expected to drive the Global Gibberellins Market growth in the forecast period, 2024-2028.