Gibberellins Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Gibberellins Market is estimated to be XX USD billion in 2016 and predicted to rise to XX USD billion by 2021 with a CAGR of %. The market is segmented by Manufacturing Method (Methylerythritol Phosphate (MEP) Pathway, and Trans-Geranylgeranyl Diphosphate (GGDP) Pathway) by Type (19-Carbon Gibberellins and 20-Carbon Gibberellins) by Shape (Powder, Granules and Liquid).Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Fruit crop growth in order to enhance fruit yield including apples, tomatoes and grapes is expected to drive global gibberellins demand over the forecast period. Sugarcane agriculture area is also expected to positively impact global gibberellins market on account of propelling high sugar yield demand. Other applications include stimulation of barley malting process for beer brewing mechanism. Increasing agricultural production demand is expected to propel the global gibberellins market growth over the forecast period. Gibberellins are an inorganic crop production method which means spraying artificial gibberellins substitutes onseeds in natural conditions. Growing organic food demand is expected to hinder the global gibberellins market over the forecast period.
The artificially sprayed gibberellins substitute for the seeds which under natural circumstances would be the source for gibberellins in the plant. However, with repeated treatment with the hormone the rachis length as well as the fruit size increases substantially. Grape production is one of the main applications of gibberellins. It is also extensively used to produce cherries, as the hormone helps to increase the size as well as yield in the plants. Gibberellin A4 is applied on apple and pear trees. These fruits are often limited by biennial bearing, that is heavy crop bearing in one year often inhibits the flowering process in the subsequent year, and thereby limits productivity.
North America was holding the largest gibberellins share in the global market owing to increasing food demand along with large number of ongoing research and development activities in agriculture sector. Shift of health conscious population towards organic food is expected to obstruct global gibberellins market demand mainly in developed regions including North America and Europe. Therefore, these regions are expected to witness stagnant growth rate over the forecast period on account of shifting trend towards organic food culture.
Zhejiang Qianjiang Biochemical Co., Ltd., Shanghai Pengteng Fine Chemical Co., and Jiangsu Fengyuan Bioengineering are the leaders in the global Gibberellins market.
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