The global gibberellins market is expected to reach USD
1,167.8 million by 2025, growing at a CAGR of 8.8%, according to a report by
Grand View Research, Inc. The growing demand for fruits & vegetables owing
to the rapidly developing food & beverages industry is expected to augment
the demand for gibberellin over the forecast period. In addition, the rapidly
growing demand for craft beer is likely to propel the use of gibberellins for
enhancing malt production over the next eight years.
Asia Pacific along with Central & South
America are expected to witness significant growth in the coming years on
account of the rising demand from economies like China, India, and Brazil. The
economies are focusing on high crop productivity and using resources
efficiently to ensure food security through high-yield crop management, using
nutrition efficiently, improving soil quality, and resource & environment
management. This, in turn, is likely to positively affect the market growth
over the coming years.
Full Research Report On gibberellins market Analysis:
http://www.grandviewresearch.com/industry-analysis/gibberellins-market
http://www.grandviewresearch.com/industry-analysis/gibberellins-market
Further key findings from the report suggest:
·
Malting of barley application
segment is expected to register a CAGR of 8.6% from 2017 to 2025.
·
The increasing sugarcane yield
and its application is expected to witness high demand for gibberellin and
record a CAGR of over 7.0% from 2017 to 202.
·
Central & South America
accounted for 4.0% market share in 2016. The region is expected to witness
significant growth on account of rising population and limited land
availability for agricultural production.
·
Middle East and Africa is
expected to witness growth on account of high demand for crops in the region
coupled with supportive government policies.
·
In July 2017, Monsanto and
Valent expanded their partnership in Roundup Ready Plus Crop Management
Solutions for new product development.
·
In January 2017, Marrone Bio
Innovations collaborated with Nufarm to provide agricultural solutions for
improving crop productivity and sustainability in New Zealand and Australia
View More Reports Of This Category By Grand View Research
At: https://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research has segmented the
global gibberellins market on the basis of application and region:
Application Outlook (Volume, Tons; Revenue, USD Million;
2014 - 2025)
·
Malting of barley
·
Increasing sugarcane yield
·
Fruit production
·
Seed production
Regional Outlook (Volume, Tons; Revenue, USD Million;
2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
·
Central & South America
o Brazil
·
Middle East & Africa
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-gibberellins-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/