DUBLIN, March 6, 2023 /PRNewswire/ -- The "Global Gibberellins Market By Product Type, By Form, By Application, By Region, Competition Forecast & opportunities, 2017-2027" report has been added to  ResearchAndMarkets.com's offering.

The global gibberellins market is projected to grow at a significant rate in the forecast period, 2023-2027.

Companies Mentioned:

• 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.

The growth in global population and rising concerns about food security are increasing the demand for higher-yielding crops. The demand for quality fruits and vegetables is growing worldwide due to an increase in health-consciousness and disposable income of consumers, hence increasing the demand for gibberellins.

Gibberellins are plant hormones that control a variety of developmental processes, including stem lengthening, germination, dormancy, flowering, floral development, and senescence of the leaf and fruit. The hormone plays a role in various elements of germination as well as the natural process of breaking dormancy. Gibberellins have additional functions that include regulating cell elongation, promoting extension growth, delaying aging, and accelerating the pace at which plants produce fruit.

The global gibberellins market is segmented into product type, form, application, regional distribution, and competitive landscape. Based on application, the market is fragmented into malting of barley, sugarcane yield, fruit production, seed production, and others. Fruit production is expected to account for a significant market share in the forecast period, 2023-2027.

It is used on a commercial scale for a wide variety of fruits for stimulation & reduction of fruit set, enhancing fruit size & quality, breakage of dormancy, and increasing lateral branching.

On the basis of regional analysis, North America is expected to dominate the global gibberellins market in the next five years due to the agriculture industry's early adoption of advanced technologies and equipment. The high adoption rate of new products and production of vegetables & fruits, and barley malt in the region further contribute to the market growth.

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022E
• Forecast Period: 2023F-2027F

Objective of the Study:

• To analyze the historical growth in the market size of the global gibberellins market from 2017 to 2021.
• To estimate and forecast the market size of global gibberellins market from 2022E to 2027F and growth rate until 2027F.
• To classify and forecast the global gibberellins market based on product type, form, application, region, and company.
• To identify the dominant region or segment in the global gibberellins market.
• To identify drivers and challenges for the global gibberellins market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global gibberellins market.
• To identify and analyze the profiles of leading players operating in the global gibberellins market.
• To identify key sustainable strategies adopted by market players in global gibberellins market.

Report Scope:

In this report, global gibberellins market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Gibberellins Market, By Product Type:

• 19-Carbon Gibberellins
• 20-Carbon Gibberellins

Gibberellins Market, By Form:

Gibberellins Market, By Application:

• Malting of Barley
• Sugarcane Yield
• Fruit Production
• Seed Production
• Others

Gibberellins Market, By Region:

• North America
• United States
• Mexico
• Canada
• Europe
• France
• Germany
• United Kingdom
• Italy
• Spain
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Kuwait
• South America
• Brazil
• Argentina
• Colombia

For more information about this report visit https://www.researchandmarkets.com/r/3e4z6j

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SOURCE Research and Markets