Gibberellins Market Overview, Outlook and Dynamics

Gibberellins are plant hormones that aid in germination, leaf development, and stem elongation. They are found in seeds, newly formed roots, and leaves. The demand for organic fruits and vegetables is rapidly expanding. As a result, the gibberellins market may reap significant benefits from this factor. The use of gibberellins in a variety of applications such as fruit production, barley malting, seed production, and improving sugarcane output may help to boost the gibberellins market's growth rate.

Gibberellins Market
Gibberellins Market


Market Outlook

The market is divided into five categories based on application: barley malting, sugarcane yield, seed production, fruit production, and others. During the projection period, the fruit production segment is expected to develop at a high rate. Gibberellins are used to make seedless grapes and other seedless fruits. These seedless fruits are sprayed with gibberellin, which enhances fruit yield by increasing the size of each grape.

North America is estimated to account for a significant portion of the market over the forecast period. Because malted barley is used in brewing, the growing beer sector is a crucial growth factor for this region. According to the Brewers Association, the number of breweries in the United States expanded by 16.6% in 2016 to 5,301, owing to increased demand for craft beer in the country.

 

Market Dynamics

Increased R&D activities by research organisations around the world are driving the Gibberellins market. For example, in 2017, a study titled "The role of gibberellin signalling in plant responses to abiotic stress" was published, which showed that suppression of gibberellin (GA) signalling is a general response to abiotic stress, with transcriptional upregulation of GA2ox genes, which encode GA-inactivating enzymes, and in A. thaliana, of the DELLA gene RGL3, which encodes a growth suppressor. Also in 2019, a study titled 'Effect of Gibberellic Acid on Growth, Yield, and Quality of Leaf Lettuce and Rocket Grown in a Floating System' was published, which found that the level of GA3 in the nutrient solution of a hydroponic floating system influenced the growth and biomass accumulation of leaf lettuce and rocket plants.


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