San Francisco, 24
October 2018: 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.
Access Research Report of
Gibberellins Market@ 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 2025.
· 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
Browse more reports of this category by Grand View
Research at: 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
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Gibberellins Market@ 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.
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