Gibberellins Market: Technological Advancements and Agritech Startup Funding Propel Growth
Technological advancements in gibberellins production and increase in funding for Agritech startups is expected to drive the Global Gibberellins Market growth in the forecast period, 2024-2028. According to TechSci Research report, “ Gibberellins Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Gibberellins Market stood at USD 677.40 Million in 2022 and is anticipated to grow with a CAGR of 7.87% in the forecast period, 2024-2028. The global gibberellins market is driven by several key factors. There's a rising demand for high-quality food products due to the growing global population. This has increased the need for crop yield enhancement, which gibberellins significantly contribute to. The wide-ranging applications of gibberellins in plant growth regulation, from seed germination to fruit ripening, further fuel the market. Advancements in farming techniques and the introduction of genetically modi...