Global Polyoxin Market Overview:
Polyoxins shows fungicidal properties hence it is known as agricultural antibiotics. It act as chitin synthase inhibitor and an antifungal agrochemical. Polyoxins is isolated from the soil organism Streptomyces cacaoi var. asoensis. Polyoxins well known for inhibiting the growth of phytopathogenic fungal. Its Polyoxins D is used only for turf. Furthers, B type used in commercial and residential ground. Owing to huge demand from end use industries, the Polyoxin market is expected to grow with substantial growth rate. Geographically, rising agricultural industries expenditure in Asia pacific region has impacted on the demand in the region in positive manner. Thus, Asia Pacific region is anticipated to grow with higher growth rate followed by North America and European region.
As per latest study released by AMA Research, the Global Polyoxin market is expected to see growth rate of 4.1%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Preference for Wettable Powder Form of Polyoxin in is expected to Gain Highest Market Share
Market Growth Drivers:
Rising Demand for Polyoxin as Agricultural Antibiotic and Increasing Industrial Infrastructure of Agrochemical Industry
Challenges:
Availability of Alternatives and Supply Chain Disruption Owing to Pandemic
Restraints:
Harmful to Ocular & Dermal in Higher Concentration
Opportunities:
High Demand for Fungicide for Controlling Pests and Increasing R & D Investments from Market Players across Industries
Competitive Landscape:
The market of Polyoxin is expected to grow with rising demand from end use industries. Several companies are operating in the market to provide Polyoxin for agricultural industry. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. In addition, market profitability is attracting new entrant which is turn impacting on competitive rivalry.
Some of the key players profiled in the report are Merck KGaA (Germany), BASF (Germany), Nufarm Limited (Australia), Kaken Pharmaceutical Co., Ltd. (Japan), Longyan Tianhua Biological Technology Co., Ltd (China), Fengchen Group (United Kingdom), ANGUS Chemical Company (United Kingdom), Thermo Fisher Scientific (United States), Jiangsu Fengyuan Bioengineering Co., Ltd. (China), Dideu Industries Group Limited (China), Beijing Green Agrosino Co., Ltd. (China), AMVAC Chemical Corp (United States), Cleary Chemical Corp. (United States), Amadis Chemical Company Limited (China) and Arysta Lifescience (United States). Analyst at AMA Research see China Vendors to retain maximum share of Global Polyoxin market by 2030. Considering Market by Form, the sub-segment i.e. Wettable Powder will boost the Polyoxin market. Considering Market by Distribution Channel, the sub-segment i.e. Direct will boost the Polyoxin market.
Latest Market Insights:
in August 2022, Sumitomo Chemical acquired Valent U.S.A., a leading manufacturer of agricultural inputs including fungicides like Polyoxin. This acquisition expanded Sumitomo's product portfolio and strengthened its presence in the North American market.
In September 2023, Sumitomo Chemical launched a new fungicide formulation combining Polyoxin with other active ingredients, offering broader spectrum disease control.
Polyoxin D Zinc Salt is a toxin derived from Streptomyces cacaoi var. asoensis, a soil-borne microorganism. 111 Other fungicides derived from Streptomyces spp. have been considered toxins derived from bacteria 112 consistent with 7 USC 6517(c)(1)(B)(ii)(A) [7 CFR 205.601(i)(10) & (11)].
What Can be Explored with the Polyoxin Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Polyoxin Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Polyoxin
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Polyoxin market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Polyoxin market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Polyoxin Manufacturers, Polyoxin Suppliers/Distributor, Raw Material Supplier, Agrochemical Giants & Players, Chemical Industrialist, Government Associations, Third Party Investors and New Entrants/Investors.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.