Gibberellins Market

Gibberellins Market Size By Application (Soil Treatment, Foliar Spray, Seed Treatment, and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-14424
  • Published Date: Jun, 2024
  • Pages: 237
  • Category: Chemicals & Materials
  • Format: PDF
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The global gibberellins market was valued at USD 0.91 billion in 2023, growing at a CAGR of 8.2% from 2024 to 2033. It is expected to reach USD 2.00 billion by 2033. The gibberellins market has grown due to the expanding global population and shrinking agricultural land. Gibberellins slow the ageing process, promote growth, regulate cell elongation, and speed up the rate at which plants produce fruit.

Market Introduction:

Gibberellins are a type of phytohormone found in seeds, roots, and young leaves. They are also known as fungal and plant hormones. Typically, they promote the elongation of stems, the development of leaves, flowering, and germination of plants. In addition, they control blooming, sexual reproduction, and hibernation. After being released by the soil's temperature, moisture content, and season, they guide the plant through its whole life cycle. The primary drivers driving the growth rate of the gibberellins market are variables like the rising demand for organic plant growth techniques and the rising output of fruits and vegetables. The market for gibberellins will expand at a direct and favourable rate due to the growing demand from the beer industry. Another indirect factor driving the growth rate of the gibberellins market is the increased emphasis on increasing crop output to achieve self-sufficiency. However, the availability of substitute plant growth regulators and the cheaper cost of auxins and cytokinins than gibberellins hinder the market's expansion. Gibberellin sales may need help with the increased knowledge of organic food, particularly among health-conscious consumers.

Gibberellins Market Size

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Recent Development

In March 2023, Together with their partners from Temasek Life Sciences Laboratory, researchers from the Disruptive and Sustainable Technologies for Agricultural Precision (DiSTAP) interdisciplinary research group of the Singapore-MIT Alliance for Research and Technology (SMART) accomplished a major milestone by creating the first nanosensor in history that can identify and detect gibberellins (GAs), a critical class of hormones in plants that are essential for growth.

In September 2022, FMC presented three cutting-edge pest control and soil fertility approaches. This programme was designed to help Indian farmers increase crop yields by fostering higher-quality products and healthier soil.

In January 2022, Renowned biocontrol technology developer Bionema Limited sold two next-generation bioinsecticides, NemaTrident® and UniSpore®, to Syngenta Crop Protection AG, one of the major participants in the Gibberellins Market.

Market Dynamics:

Drivers

Increasing awareness about health benefits- Farmers and producers are becoming increasingly aware of the benefits of gibberellins, which they use to improve crop quality and productivity and reduce losses from pests and illnesses. Owing to this increased knowledge of the world's importance, the gibberellin market is expanding.

Restraints:

Potential health risks- Continous use of gibberellin can cause some risk to the health of humans and animals, especially when the substance comes into contact with the skin or is consumed directly. Several stringent rules and safety precautions have been imposed for handling and applying gibberellins in horticulture and agriculture to reduce the potential health risks of gibberellins. This can hamper the market’s growth during the forecast period.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the largest global gibberellins market, with a 37.8% market revenue share in 2023.

Because of the region's companies' substantial research and development, gibberellin's greatest market is North America. Valent Corporation and Fine Americas Inc. are two businesses developing innovative products. Compared to existing gibberellins, the new products the companies have filed with GA4 & GA7 are significantly more effective. Throughout the projected period, the region's high rate of product adoption and its high output of fruits, vegetables, and barley malt are anticipated to have a beneficial effect on demand.

Asia Pacific Region Gibberellins Market Share in 2023 - 37.8%

 

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Application Segment Analysis

The application segment is divided into soil treatment, foliar spray,  seed treatment, and others. The seed treatment segment dominated the market, with a market share of around 34% in 2023. Gibberlins are used for seed treatment as they promote early growth of seedlings and germination, which can increase the yield of the crops.

Some of the Key Market Players:
  • BASF SE
  • DowDuPont Inc.
  • Nufarm Limited
  • Jiangsu Fengyuan Bioengineering Co., Ltd.
  • Crop Care Australasia Pty Ltd.
  • Zhejiang Qianjiang Biochemical Co., Ltd.
  • Jilin Province Huayang Agriculture Technology Co., Ltd.
  • Xinyi Industrial Co., Ltd.
  • Taizhou Overseas Int'l Ltd.
  • Hangzhou Tianlong Biotechnology Co., Ltd.
  • Syngenta AG
  • Bayer AG
  • FMC Corporation
  • Sichuan Guoguang Agrochemical Co., Ltd.
  • NutriAg Ltd.
  • Sichuan Tongsheng Amino Acid Co., Ltd.
  • Shanghai Fuang Agrochemical Co., Ltd.

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2023 USD 0.91 Billion
Market size value in 2033 USD 2.00 Billion
CAGR (2024 to 2033) 8.2%
Historical data 2020-2022
Base Year 2023
Forecast 2024-2033
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Application

Frequesntly Asked Questions

As per The Brainy Insights, the size of the gibberellins market was valued at USD 0.91 billion in 2023 to USD 2.00 billion by 2033.

The global gibberellins market is growing at a CAGR of 8.2% during the forecast period 2024-2033.

Asia Pacific emerged as the largest gibberellins market.

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This study forecasts global, regional, and country revenue from 2020 to 2033. The Brainy Insights has segmented the global gibberellins market based on the below-mentioned segments:

Global Gibberellins Market By Application:

  • Soil Treatment
  • Foliar Spray
  • Seed Treatment
  • Others 

Global Gibberellins Market By Region:                                        

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

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MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

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  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

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Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

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Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

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Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

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