Tubatoxin is a naturally occurring chemical found in certain plants such as Derris and Lonchocarpus. It is commercially used as an insecticide and pesticide owing to its insecticidal and pesticidal properties. In addition, it is used as a piscicide. Tubatoxin has been used as an organic pesticide in gardens and cultivation fields.
Increase in demand for organic pesticide and insecticide fuels the demand for tubatoxin, thereby driving the growth of the market. Furthermore, tubatoxin can be used as a pesticide and acaridae, which is expected to provide lucrative opportunity for market growth. However, high cost of extraction of tubatoxin hinders the market growth.
Some of the major players analyzed in this report are Xi’an B-Thriving I/E Co., Ltd, Wujiang Shuguang Chemical Co. Ltd, Tokyo Chemical Industry Co., Ltd, Alfa Aesar, Zhejiang Rayfull Chemicals Co.,Ltd, Ecompal SAC, and BASF SE.
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Tubatoxin Market Key Segments:
- North America
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