This report provides exclusive insights into the COVID-19 impact on the Gibberellins Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Gibberellins Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Gibberellins Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on gibberellins market provides in-depth analysis of segments and sub-segments in the global as well as regional gibberellins market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional gibberellins market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global gibberellins market. According to the report the global gibberellins market is projected to grow at a CAGR of 7.3% over the forecast period of 2018-2024.
Gibberellins (GAs) are plant hormones that regulate various developmental processes of the plant, such as stem elongation, germination, dormancy, flowering, flower development, and leaf and fruit senescence. Gibberellins are one of the longest-known classes of plant hormone. Gibberellins are the most aggressive growth promoting hormone in plants as they increase the inter-node spacing and promote flowering. Gibberellins also influence sex determination, pollen growth and tube growth in plants. Commercially, gibberellins are mostly administered in the form of gibberellins acid.
One of the major applications of gibberellins is to promote the growth in fruit crops, which leads to a higher yield of fruits such as tomato, apple, and grapes. Gibberellins are also used in sugarcane crop to increase the yield of sugar. The growth of sugarcane is inhibited during the winters, and application of gibberellins helps to overcome the adverse effects of cold temperature on sugarcanes. It is extensively used in the beer brewing mechanism to stimulate barley malting process. A large portion of the seedless grapes produced in the United States is treated with gibberellins, which help in producing big size fruits in compact clusters. The artificially sprayed gibberellins help to produce seedless fruits. 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 seedless 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.
The growing global population and decreasing area for cultivation are anticipated to drive the product demand globally. Gibberellins control cell elongation and stimulate the extension growth, delays the aging process and increase the rate of fruit production in plants. The growing demand for fine quality vegetables & fruits has increased the utilization of gibberellin in the agriculture industry. Farmers prefer this product as it fosters the growth of plants under uncontrollable and unpredictable environments. Gibberellins are majorly used for the production of apples and grapes. Although the application of gibberellins acid in plants increases the product yield, it is the inorganic method of plant growth. The only restraint to the use of gibberellins acid is the growing awareness about organic food. Application of gibberellins renders the product inorganic and thus limits the marketability of the fruits or vegetables to the health-conscious population.
North America holds the lion share for gibberellins as most of the research and development is undertaken in this region and most of the gibberellins manufacturing companies are available in this region. Europe is the second largest market for gibberellins in the world, due to the growing demand of this from farmers to produce a seedless variety of fruits for export purpose. The market size is small in the Asia-Pacific, but owing to the growing awareness among the farmers about the benefits of the application of gibberellins on their crop is expected to boost the growth of this market in the near future.
The report on global gibberellins market covers segments such as type and application. On the basis of type, the global gibberellins market is categorized into 19-carbon gibberellins, and 20-carbon gibberellins. On the basis of application, the global gibberellins market is categorized into malting of barley, increasing sugarcane yield, fruit production, seed production, and other.
The countries covered in the North America region include the U.S., Canada, and Mexico; while the Asia-Pacific region includes countries such as China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are the major markets included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in the region. In the Asia-Pacific region, rapid industrial growth in India and China offer a substantial potential for the growth in the gibberellins market. As a result, the APAC region is projected to experience a growth at a CAGR of x.x% over the forecast period 2018-2024.
The report provides profiles of the companies in the global gibberellins market such as Fine Americas, Inc., Jiangsu Fengyuan Bioengineering Co., Ltd., Nufarm Ltd., Sichuan Guoguang Agrochemical Co. Ltd., Valent U.S.A. Corporation, Xinyi (H.K.) Industrial Co., Ltd., SePRO Corporation, Shanghai Fuang Agrochemical Co. Ltd., and Zhejiang Qianjiang Biochemical Co., Ltd.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global gibberellins market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of gibberellins market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the gibberellins market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the gibberellins market to understand the present and future trends in this market and formulate their strategies accordingly.