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Market Overview of Global Gibberellic Acid for Agriculture market:
According to our latest research, the global Gibberellic Acid for Agriculture market looks promising in the next 5 years. As of 2022, the global Gibberellic Acid for Agriculture market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
Gibberellic acid (GA), a naturally occurring hormone or growth regulating chemical that acts as a plant growth regulator to stimulate cell division and elongation affecting leaves and stems, is found to varying degrees in all parts of plants. Gibberellic acid has many roles in regulating various physiological processes, including seed germination, mobilization of endosperm storage reserves, shoot growth, flowering, flower development, and fruit set. GA stimulates cell division and elongation and has been used for many years to control flowering and fruit development in selected horticultural crops.
Short term impact
Affected by irresistible factors, the downstream industries of gibberellic acid in most regions show a trend of continuous decline or slow growth in sales. The pandemic of the disease known as COVID-19 has had a huge impact on human actions and activities, and agriculture has not been excluded from this impact. Food demand and food security are disproportionately affected by mobility constraints, reduced purchasing power and a disproportionate impact on the most vulnerable. Governments have taken tougher measures to stop the spread of the virus as cases of the disease have risen, affecting food systems around the world. COVID-19 will have less of an impact on larger companies that have adopted their current strategies and are focused on improving profitability. The hardest hit will be SMEs, especially in the post-pandemic period of austerity.
Long term impact
After the epidemic is brought under control, the downstream market of gibberellic acid will usher in a strong rebound. Coupled with the accelerated global digitization by COVID-19, optimized distribution channels for gibberellic acid manufacturers, it has become more and more convenient for people to buy the products they need. Therefore, as long as gibberellic acid can continuously update product performance and attract consumers' attention, the development opportunities of the industry will become more and more optimistic.
Growing demand for quality vegetables and fruits
With the increase in disposable income and living standards, the demand for high-quality vegetables and fruits in various regions of the world is also increasing, and this trend has increased the utilization rate of gibberellin in agriculture. Farmers prefer this product because it promotes plant growth in uncontrollable and unpredictable conditions. In recent years, the application of gibberellic acid in plants has become more and more important. For example, GA has a positive effect on plant tolerance to environmental stresses such as high temperature and drought. In today's increasingly obvious greenhouse effect, this role is very important for the agricultural sector. In addition, gibberellic acid has been used commercially to promote sugarcane growth and sugar accumulation. Gibberellic acid is widely used in agriculture, hence the growing demand for high-quality vegetables and fruits is driving the growth of the gibberellic acid market.
Competition of substitutes
Competitive advantages of alternatives are not conducive to the growth of the gibberellic acid market. There are many plant growth regulators on the market, such as auxins, cytokinins, abscisic acid, ethylene and gibberellins. Factors such as high consumer awareness of cytokinins and auxins as compared to gibberellins and low cost of said products are likely to restrain the gibberellic acid market growth over the forecast period.
Company Overview:
Sumitomo/Valent is one of the major players operating in the Gibberellic Acid for Agriculture market, holding a share of 17.27% in 2022.
Sumitomo/Valent
Valent BioSciences is a global leader in the research, development and commercialization of high-efficiency, low-risk, environmentally compatible technologies and products for the agricultural, public health, forestry and household markets. Its products include naturally occurring or chemically derived environmentally compatible biopesticides and plant growth regulators for use in sustainable systems.
Jiangxi Xinruifeng Biochemical Co., Ltd.
The company's main product specifications are three technical products: 90% gibberellic acid technical, 90% gibberellic acid A4+A7 technical, 90% abscisic acid technical; more than ten preparation products: 75%, 80% gibberellic acid crystal powder , 3% gibberellic acid emulsifiable concentrate, 20%, 40% gibberellic acid soluble powder, 10% gibberellic acid soluble tablet, 0.03% S-baitin water, 2% indine·baitin wettable powder, 5 %S-induction soluble granules, 3.6% benzylamino gibberellic acid EC, 2% benzylaminopurine soluble, 0.1% chlorpyrifos soluble, 5% naphthalene acetic acid aqua, 2.7% erythro-4 +7 · Gibberellic acid smear, etc.
Segmentation Overview:
By type, Powder segment accounted for the largest share of market in 2022.
Powder
Gibberellic acid powder includes gibberellic acid crystal powder?gibberellic acid soluble powder, etc.
Tablet
Gibberellic acid tablets are made by granules obtained by spraying alcohol with a certain proportion of the original drug of gibberellic acid and other fillers.
Liquid
Gibberellic acid liquid products include gibberellic acid emulsifiable concentrate and the like. Gibberellic acid EC is a brown transparent liquid prepared from the extracted gibberellic acid mother liquor, solvent and emulsifier. The commonly used solvent is alcohol, and the emulsifier is castor oil polyoxyethylene ether.
Application Overview:
By application, the Grapes segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Gibberellic Acid for Agriculture market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Gibberellic Acid for Agriculture Market Report:
Market Size Estimates: Gibberellic Acid for Agriculture market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Gibberellic Acid for Agriculture market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Gibberellic Acid for Agriculture market
Segment Market Analysis: Gibberellic Acid for Agriculture market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Gibberellic Acid for Agriculture market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Gibberellic Acid for Agriculture Market: Revenue and sales volume of major countries in each region
Gibberellic Acid for Agriculture Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Gibberellic Acid for Agriculture market in major regions.
Gibberellic Acid for Agriculture Industry Value Chain: Gibberellic Acid for Agriculture market raw materials & suppliers, manufacturing process, distributors, downstream customers
Gibberellic Acid for Agriculture Industry News, Policies & Regulations
Key players in the global Gibberellic Acid for Agriculture market are covered in Chapter 12:
Zhengzhou Nongda Biochemical Co.,Ltd
Sichuan Lomon Bio Technology Co., Ltd.
Zhejiang Qianjiang Biochemical Co., Ltd.
Stoller
Nufarm
Jiangsu Fengyuan Bioengineering Co., Ltd.
Sumitomo/Valent
Sichuan Guoguang Agrochemical Co. Ltd.
Jiangxi Xinruifeng Biochemical Co., Ltd.
Fine Americas, Inc.
In Chapter 2 and Chapter 15.1, based on types, the Gibberellic Acid for Agriculture market from 2018 to 2028 is primarily split into:
Powder
Tablet
Liquid
Others
In Chapter 3 and Chapter 15.2, based on applications, the Gibberellic Acid for Agriculture market from 2018 to 2028 covers:
Grapes
Bananas
Rice
Sugar Cane
Citrus
Malt
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Gibberellic Acid for Agriculture market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028