The North American tubatoxin market size is anticipated to grow at a healthy CAGR during the forecast period from 2024 to 2029.
The North America tubatoxin market is developing at an exceptionally quick pace. Tubatoxin is a naturally occurring chemical substance which is found in certain plants like Derris and Lonchocarpus. On a commercial scale, it is used as an insecticide and pesticidal properties. It is also used as organic pesticide in gardens and cultivation fields.
The significant drivers are Increase in demand for organic pesticide and insecticide. Furthermore, tubatoxin can also be used as a piscicide and acaricide, which is expected to provide significant opportunity for market growth. However, high cost of extraction of tubatoxin limits the growth of this industry.
The US has the largest demand, followed by Canada.
Wujiang Shuguang Chemical Co. Ltd, Tokyo Chemical Industry Co., Ltd, Xi'an B-Thriving I/E Co., Ltd, Alfa Aesar, Zhejiang Rayfull Chemicals Co.,Ltd, Ecompal SAC, and BASF SEare the leaders in the North AmericaTubatoxinmarket.
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