GIBBERELLINS MARKET ANALYSIS

Gibberellins MarketSize and Trends

Market Dynamics:-

Gibberellins market is driven by increasing R&D activities by research organizations across the globe. For instance, in 2017, a research study was published on ‘The role of gibberellin signaling in plant responses to abiotic stress’, which exhibited that the suppression of gibberellin (GA) signaling is a general response to abiotic stress, with transcriptional upregulation of GA2ox genes, encoding GA-inactivating enzymes, and in A. thaliana, of the DELLA gene RGL3, which encodes a growth suppressor. Also, in 2019, a research study was published on ‘Effect of Gibberellic Acid on Growth, Yield, and Quality of Leaf Lettuce and Rocket Grown in a Floating System’, which showed that growth and biomass accumulation of leaf lettuce and rocket plants were influenced by GA3 level in the nutrient solution of a hydroponic floating system.

Market Trends

On the basis of application, the market is segmented into malting of barley, sugarcane yield, seed production, fruit production and others. Fruit production segment is expected to exhibit significant market growth during the forecast period. Gibberellins are utilized in the producing seedless fruit such as seedless grapes. These seedless fruits are sprayed with gibberellin which lead to rise the size of each grape and increases fruit yield.