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.
Full Research Report On Global Gibberellins Market Analysis:
http://www.grandviewresearch.com/industry-analysis/gibberellins-market
Further key findings from the report suggest:
View more reports of this category by Grand View Research at:
http://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)
Regional Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
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http://www.grandviewresearch.com/press-release/global-gibberellins-market
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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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