QYResearch: The production of Gibberellin Acid (GA) increased from 403.5 MT in 2012 to 480.9 MT in 2016
Gibberellins (GAs) are plant hormones that regulate growth and influence various developmental processes, including stem elongation, germination, dormancy, flowering, sex expression, enzyme induction, and leaf and fruit senescence. Common commercially available gibberellin acid contain over powder and solution. It is widely used in agriculture.
According to QYResearch, Currently, some companies in the world can produce Gibberellin Acid (GA), mainly concentrating in China, the production market shares of China is 91.06% in 2016. The production of Gibberellin Acid (GA) increased from 403.5 MT in 2012 to 480.9 MT in 2016, with an average Growth Rate of 4.62%.
In consumption market, the Growth Rate of global consumption is smooth relatively. North America, Europe and China are still the main consumption and the shares are 33.03%, 27.93% and 24.23% in 2016, respectively.
There are two major types of Gibberellin Acid (GA), Concentration of 90% and Concentration of 85%, Acid (GA) can be widely used in Cereals & Grains, Fruits and Vegetables. Survey results showed that Cereals & Grains is the major consumption of Gibberellin Acid (GA), which accounts for 74.17% in 2016. Due to the development of economy and its unique characteristics, these areas will need more Gibberellin Acid (GA). So, Gibberellin Acid (GA) has a huge market potential in the future.
The major raw material for Gibberellin Acid (GA) is gibberella fujikuroi. On the global market, supply of raw materials is full. Fluctuations in the price of the upstream product will impact on the production cost of Gibberellin Acid (GA) industry.
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