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.