USD 0.76 billion
Gibberellins Market Size, Share, Growth Analysis, By Type(Gibberellic Acid (GA3), Gibberellins A4/A7, Gibberellins A1/A3, and others), By Crop type(Fruits and vegetables, Cereals and grains, Oil seeds and pulses, and others), By Application(Seed treatment, foliar spray, soil treatment, and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15C2036 |
Region:
Global |
Published Date: July, 2024
Pages:
184
|Tables:
93
|Figures:
80
Gibberellins Market Insights
Global Gibberellins Market was valued at USD 0.76 billion in 2022 and is expected to grow from USD 0.83 billion in 2023 to reach USD 1.62 billion by 2031, at a CAGR of 8.8% during the forecast period (2024-2031).
Gibberellins Market is becoming popular since they are used in agriculture and horticulture to promote plant growth and development. The various advantages provided by Gibberellins are they stimulate plant growth, increase seed germination, improve fruit size and quality, enhance flowering, control plant height, and increase crop yield.
One of the main advantages of using Gibberellins in agriculture and horticulture is their ability to promote cell elongation and division. This process leads to increased stem and leaf growth, which can result in taller plants and larger leaves. When plants grow taller and have larger leaves, they are better able to capture sunlight, which is a crucial resource for photosynthesis. This increased photosynthetic capacity can translate to a higher yield of fruits and vegetables, as the plants have more energy to put into producing these important crops.
Gibberellins are known to promote cell division and elongation in fruit tissues, leading to larger fruit size. This can be especially valuable in commercial farming, where larger fruits are more appealing to consumers and command higher prices. Additionally, Gibberellins can enhance the quality characteristics of fruits such as color, flavor, and texture, improving their overall market value. In addition to improving fruit size and quality, Gibberellins can also enhance flowering in some plant species. Flowering is essential for fruit and seed production, and Gibberellins can help to promote this process by stimulating the development of flower buds. This is particularly important in commercial horticulture, where timely and uniform flowering is necessary for maximizing crop yield. However, overuse of Gibberellins can result in negative effects such as abnormal growth patterns, reduced seed viability, or even plant death. Therefore, it is crucial to follow proper application guidelines and use Gibberellins in moderation to achieve their full benefits without causing harm to the plants
The Gibberellins market is witnessing a transformative phase characterized by a confluence of factors shaping its trajectory. Agriculture remains a primary driver for Gibberellins, with farmers increasingly adopting these plant growth regulators to enhance crop yield and quality. The horticulture sector, in particular, is experiencing a surge in Gibberellins usage, driven by the need for uniform plant growth, improved flowering, and enhanced fruiting. The demand for organic produce is fostering the integration of Gibberellins in organic farming practices, as these regulators offer a viable solution for sustainable and controlled crop management. Research and development efforts are focusing on developing Gibberellins formulations with enhanced efficacy and stability, catering to the evolving needs of modern agriculture. Geographically, Asia-Pacific is emerging as a significant market, with a burgeoning population and increasing awareness about the benefits of plant growth regulators. The market is witnessing collaborations between key players and agricultural research institutions to leverage scientific advancements and develop innovative Gibberellins solutions. Regulatory landscape complexities pose a challenge, necessitating proactive compliance strategies from industry participants. The Gibberellins market is poised for growth, driven by a combination of technological advancements, changing agricultural practices, and a global imperative for sustainable food production. As the industry navigates this transformative landscape, strategic partnerships, research investments, and a keen focus on addressing regulatory challenges will be imperative for sustained market expansion and competitiveness.
US Gibberellins Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Foliar spray.
Fastest Growth
Seed treatment
Growth Rate
8.8% CAGR
Global Gibberellins Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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Gibberellins Market Segmental Analysis
Global Gibberellins market is segmented on the basis of Type, crop type, application, and region. By Type, the market is segmented into Gibberellic Acid (GA3), Gibberellins A4/A7, Gibberellins A1/A3, and others. By crop type, the Gibberellins Market is segmented into Fruits and vegetables, Cereals and grains, Oil seeds and pulses, and others. By Application, the Gibberellins Market is segmented into Seed treatment, foliar spray, soil treatment, and others. By region, the Gibberellins Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Gibberellins Market Analysis by Treatment
The most popular and commonly used application method of Gibberellins Market is the foliar spray. It is highly effective and convenient for the application of Gibberellins to a wide range of crops such as fruits, vegetables, cereals, grains, and ornamental plants..
On the other hand, the seed treatment application method is projected to be the fastest-growing segment in the Gibberellins market during the forecast period. The reason for this is due to the high effectiveness of Gibberellins in promoting seed germination and early seedling growth, which is essential for achieving high crop yields. The seed treatment method also ensures uniform distribution of Gibberellins throughout the seedbed, leading to better growth and yield.
Global Gibberellins Market By Application 2021 (%)
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Gibberellins Market Regional Insights
The North American region has a significant presence in the global Gibberellin market, although the market is still competitive, with other players operating globally. The demand for high-quality crops and sustainable agricultural practices is driving growth in various regions of North America.
Meanwhile, the Asia-Pacific region is expected to experience the highest growth rate in the Gibberellin market during the forecast period, mainly due to the rising demand for food and the adoption of modern agricultural practices. Additionally, the presence of emerging economies such as China and India is expected to contribute to the growth of the Gibberellin market in the region.
Global Gibberellins Market By Geography, 2021-2030
- Largest
- Fastest
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Gibberellins Market Dynamics
Gibberellins Market Drivers
Increasing Awareness Regarding Benefits of Gibberellins is Boosting Market Growth
- The awareness of the advantages of gibberellins is increasing among farmers and growers who are utilizing them to enhance crop quality, productivity, and mitigate losses caused by pests and diseases. This awareness of the vital aspect of the globe is aiding the growth of the gibberellin market.
Gibberellins Market Restraints
Potential Health Risks can Slow Down Market Growth
- There is a potential risk to human and animal health from using Gibberellins, particularly if they are ingested or come into contact with the skin. To minimize this risk, there are now increased regulations and safety measures in place for the handling and use of Gibberellins in agriculture and horticulture. These stringent regulations with potential health risks can impede the growth of gibberellin market.
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Gibberellins Market Competitive Landscape
The Gibberellin market exhibits high competitiveness with numerous companies operating in the industry. The market players adopt diverse strategies such as mergers, acquisitions, partnerships, and collaborations to enhance their market share. Companies focus significantly on research and development activities to introduce new and innovative Gibberellin products to meet the surging demand.
The dominant players in the market possess a robust global presence and offer a broad range of Gibberellin products. They leverage an extensive distribution network to reach out to a vast customer base. These players also make significant investments in research and development to develop advanced Gibberellin products, addressing their customers' requirements.
Besides, emerging players in the market aim to increase their market presence by offering innovative Gibberellin products at competitive prices. To gain more customers, these players strive to enhance their distribution channels and customer service. As the demand for Gibberellin is growing continuously, the market is expected to witness the entry of more players in the future, leading to heightened competition.
Gibberellins Market Top Player’s Company Profiles
- Syngenta AG
- BASF SE
- Bayer AG
- DowDuPont Inc.
- FMC Corporation
- Nufarm Limited
- Sichuan Guoguang Agrochemical Co., Ltd.
- Jiangsu Fengyuan Bioengineering Co., Ltd.
- NutriAg Ltd.
- Crop Care Australasia Pty Ltd.
- Sichuan Tongsheng Amino Acid Co., Ltd.
- Zhejiang Qianjiang Biochemical Co., Ltd.
- Jiangsu Bailing Agrochemical Co., Ltd.
- Jilin Province Huayang Agriculture Technology Co., Ltd.
- Shanghai Fuang Agrochemical Co., Ltd.
- Xinyi Industrial Co., Ltd.
- Jiangsu Xinnuo Chemicals Co., Ltd.
- Taizhou Overseas Int'l Ltd.
- Jiangsu Yangnong Chemical Co., Ltd.
- Hangzhou Tianlong Biotechnology Co., Ltd.
Gibberellins Market Recent Developments
- In March 2023, researchers from the Disruptive and Sustainable Technologies for Agricultural Precision (DiSTAP) interdisciplinary research group of the Singapore-MIT Alliance for Research and Technology (SMART), along with their collaborators from Temasek Life Sciences Laboratory, achieved a significant milestone by developing the world's first nanosensor capable of detecting and distinguishing gibberellins (GAs), a crucial class of hormones in plants essential for growth. These innovative nanosensors offer a nondestructive method, unlike traditional collection approaches, and have demonstrated successful testing in live plants. When deployed in the field for early-stage plant stress monitoring, these sensors hold immense potential to revolutionize agriculture and plant biotechnology. They provide farmers embracing high-tech precision agriculture and crop management with a powerful tool to enhance yield optimization.
- In November 2022, Bayer AG introduced Adengo, a pre-emergent herbicide designed to target both broad-leaf plants and grasses. Adengo contains two active ingredients, isoxaflutole and thiencarbazone, each with distinct modes of action. This expansion of Bayer AG's crop protection portfolio aims to provide maize farmers with effective weed control solutions.
- In September 2022, FMC unveiled three novel solutions for soil fertility and pest management. The aim of this initiative was to support Indian farmers in enhancing their crop yields by promoting better-quality produce and healthier soil conditions.
- In January 2022, Bionema Limited, a prominent biocontrol technology developer, sold Syngenta Crop Protection AG one of the leading market players in Gibberellins Market two next-generation bioinsecticides, namely NemaTrident® and UniSpore®.
Gibberellins Key Market Trends
- Companies in the Gibberellin market are making significant investments in research and development to create novel and advanced Gibberellin products. These innovative products are tailored to cater to the specific requirements of farmers and growers, such as enhancing crop quality, yield, and resilience to diseases.
Gibberellins Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
Our analysis of the global Gibberellins market indicates that it is poised for significant growth during the forecast period due to a range of benefits. These benefits include stimulating plant growth, increasing seed germination, improving fruit size and quality, enhancing flowering, controlling plant height, and increasing crop yield. As farmers and growers become more aware of these advantages, they are increasingly utilizing Gibberellins to enhance crop quality, productivity, and mitigate losses caused by pests and diseases.
However, it is important to note that the use of Gibberellins poses potential health risks to humans and animals if they are ingested or come into contact with the skin. These risks could potentially slow down the market, as increased regulations and safety precautions may be required to ensure the safe handling and use of Gibberellins.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 0.76 billion |
| Market size value in 2031 | USD 1.62 billion |
| Growth Rate | 8.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Gibberellins Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Gibberellins Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Gibberellins Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Gibberellins Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Gibberellins Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Gibberellins Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Gibberellins Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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