Gibberellins Market Analysis By Application (Malting of Barley, Increasing Sugarcane Yield, Fruit Production, Seed Production), By Region, And Segment Forecasts, 2018 - 2025

Industry Insights

The global gibberellins market size was worth USD 548.9 million in 2016. The growing global population and decreasing area for cultivation are anticipated to drive the product demand over the forecast period. Gibberellins controls cell elongation, stimulates the extension growth, delays aging, and increases 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.

The U.S. market is driven by the growing demand for high agricultural yield, good quality fruits & vegetables, and the growing beer industry. According to the Brewers Association, the number of breweries in the U.S. increased by 16.6% to reach 5,301 in 2016 on account of the rapidly rising demand for craft beer. This has led to high demand for new malt flavors in order to maintain product differentiation.

Numerous economies across the world depend on imports to meet their fruit and vegetable demand. The emerging economies are increasingly focusing on enhancing their crop production yield in order to achieve self-sufficiency. This is likely to augment the demand for gibberellins over the coming years.

Consumer demand for organically produced goods continues to grow significantly. Organic products account for over 4.0% of the total food sales in the U.S. Increasing consumer awareness regarding health, environment, and animal welfare is likely to increase the use of organic products, thereby augmenting the use of gibberellins over the next eight years.

Numerous plant growth regulators like auxins, cytokinins, abscisic acid, ethylene, and gibberellins are available in the market. Factors such as high consumer awareness regarding cytokinins and auxins and low cost of the aforementioned products in comparison to gibberellins are likely to restrain the market growth over the next eight years.

Application Insights

Malting of barley application segment accounted for a revenue share of 17.2% of the global market in 2016. Asia Pacific is expected to witness the fastest growth on account of rising barley malting units. The rising inclination of international brewers toward emerging economies is expected to positively impact the market over the next eight years.

Fruit production application segment dominated the global market in 2016, signifying a CAGR of 9.1% from 2017 to 2025. The product is used on a commercial scale for a variety of fruits and vegetables for breakage of dormancy, stimulation of bud break, increasing lateral branching, stimulation & reduction of fruit set, and increasing the fruit size & quality.

Rapidly growing fruit and vegetable demand globally is likely to promote the production in Asia Pacific and Central & South American countries for exports. This is expected to propel the use of gibberellin for improving the yield and quality of agricultural products.

Sugarcane is generally considered as a tropical plant and is grown in areas with a warm climate and adequate rainfall. Favorable climatic conditions ensure high sugar content in the plant. The prevalence of cold climatic conditions in North America and Europe is likely to augment gibberellin demand for sugarcane production in these regions.

Regional Insights

North America dominated the global market in 2016 and recorded a CAGR of 8.7% from 2017 to 2025 on account of extensive research and development by companies in the region. The high adoption rate of new products and the production of fruits & vegetables and barley malt in the region are expected to positively impact the demand over the forecast period.

Europe accounted for 24.7% share in 2016 and the region is expected to witness considerable growth over the coming years on account of high awareness regarding the benefits of plant growth regulators. Europe exports large quantities of fruits and vegetables within the region as well as to other economies, which is likely to augment the utilization of this product over the next eight years.

Asia Pacific has numerous tropical countries including India, Indonesia, Malaysia, Myanmar, Singapore, Philippines, and Thailand. The crop production in tropical areas is generally small scale and labor intensive. Gibberellins will create a huge opportunity for these regions in terms of reduction in production cost and increase in yield & quality.

Low awareness about the benefits of gibberellins coupled with high cost is the key reason for less usage in emerging economies. In addition, diversity in fruits & vegetables, production systems, and consumption patterns also affect the demand.

Competitive Insights

Companies such as Valent U.S.A. Corporation; Nufarm Ltd.; Sichuan Guoguang Agrochemical Co. Ltd.; and Fine Americas, Inc. are the key players in the market. The companies utilize the fermentation process for the manufacturing of gibberellin on a commercial scale.

The companies are involved in extensive R&D for new product and technology developments. Key market players have established partnerships with other companies to strengthen their technology development activities.

As per a report of Michigan State University published in May 2017, Gibberellin is available in blueberry seeds naturally. In well pollinated berries, it occurs naturally and also promoted growth naturally. They are labeled for highbush blueberries, including ProGibb 40%, ProGibb 4%, ProGibb 4LV Plus 5.7% (Valent BioSciences) and several formulations of GibGro 4% (NuFarm Americas).

Report Scope

Segments covered in the report

This report forecasts revenue growth at a global, regional & country levels, and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, 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

    • U.S.

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa