Global Polyoxin Market Expected To Reach XX Million By 2025
According to a new report published by Reports Monitor titled, “Global Polyoxin Market,” the global polyoxin market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Polyoxins are a group of nucleoside antibiotics which are composed of heterocyclic moieties encompassing nitrogen. It is an antibiotic element that restricts the growth of fungal pathogens growing on plants. It is manufactured by fermentation process and is water soluble. Its mode of action is very particular which ceases the growth of sensitive causal pathogens by interfering with the fungal pathogens cell wall growth. This compound has no enduring effects after degradation. There are two types of polyoxins, polyoxin B and polyoxin D. Polyoxin B has preventive and curative properties and is widely used to preserve and protect apples, watermelons, pears, capsicums, tobacco, carrots, tomatoes, and roses. While, polyoxin D is safe for mammals and is generally available as a zinc salt to enable better plant retention which is used for turf and parks. Various beverages key manufacturers are expanding their drinks portfolio by introducing bubble tea combined with fruit juices.
There are various advantages associated with the application of polyoxin such as it helps in controlling disease in the pre-harvest period, low toxicity to human health, insignificant risk to workers & consumers, and minimal threat to the environment. These factors have also driven the growth of global polyoxin market. Whereas, it has nominal effects to humans by dermal, inhalation exposure, oral, ocular which may hampers the growth of global market in near future.
The market on the basis of product type is bifurcated as polyoxin B and polyoxin D. Furthermore, on the basis of its application it is classified as grain, fruits, vegetables and others. The market is moreover segmented by formulation as Wettable Powder (WP), Dustable Powder (DP), Emulsifiable Concentrate (EC).
The global polyoxin market is divided on regional basis into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. North America has the largest market followed by Europe. North America’s market includes countries USA followed by Canada and Mexico. Europe shares the same potential, including countries like Germany, France, U.K., Norway and Italy. APAC held the significant market share in the global polyoxin market including countries such as India, Japan, China, Australia and others. LAMEA region have considerable share in the market and is expected to grow in countries like Brazil, Turkey, and rest of the regions.
The major key vendors in this market are Beijing Green Agrosino Co. Ltd., Kaken Pharmaceutical Co. Ltd., Nufarm Limited, Hanzhou Dayangchem Co. Ltd., Arysta LifeScience, Certis, OHP Inc., Jiangsu Fengyuan Bioengineering Co. Ltd., Cleary Chemical Corp., Shanxi Lvhai Agrochemical.
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