The global polyoxin market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Polyoxins are a group of nucleoside antibiotics composed of heterocyclic moieties containing nitrogen. It is an antibiotic substance and acts to inhibit the growth of phytopathogenic fungal cell wall chitin by competitively inhibiting chitin synthetase. The major factor driving the demand for polyoxin is the increasing application of polyoxin in the agriculture industry across the globe.
Moreover, polyoxin has several benefits such as including disease control in the pre-harvest period, low toxicity to human health as well as minimal threat to the environment. These benefits further drive the growth of the market during the forecast period. Additionally, Polyoxin D is used as a fungicide for turf on golf courses, parks, home lawns, as well as the grounds of commercial and institutional buildings. Polyoxin B is used for the prevention and control of serious plant diseases such as wheat powdery mildew, rice sheath blight, cucumber downy mildew, apple leaf spot, and ginseng black spot, among others.
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Apart from this, the market is segmented into type, crop type and formulation. Based on type, the market is segmented into polyoxin B and polyoxin D. Polyoxin bB is anticipated to hold a prominent share in the market owing to its growing demand and benefits such as it does not have any adverse effects on non-target organisms or the environment. Some major players in the market include Jiangsu Fengyuan Bioengineering Co., Ltd., and Kaken Pharmaceutical Co., Ltd., among others.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Type
- By Crop type
- By Formulation
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Jiangsu Fengyuan Bioengineering Co., Ltd., and Kaken Pharmaceutical Co., Ltd., among others.
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Global Polyoxin Market Report by Segment
By Type
- Polyoxin B
- Polyoxin D
By Crop Type
- Food crops
- Flower crops
- Turf
- Parks
- Others
By Formulation
- Wettable Powder (WP)
- Emulsifiable Concentrate (EC)
- Dustable Powder (DP)
Global Polyoxin Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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