The global zinc sulphate industry size is anticipated to attain a valuation of US$ 1.81 billion in 2023 and is expected to reach US$ 3.5 billion by 2033, trailing a CAGR of 6.8 % during the forecast period.
Zinc (Zn) deficiency affects agricultural soils and poses a significant problem for women and children in developing countries. Insufficient intake of zinc-rich foods, particularly cereal grains, contributes to this deficiency. Moreover, with a growing global population, there is an increased need for sufficient and nutritionally balanced food. This drives the requirement for adding essential nutrients like zinc to food crops through fertilizers. Sodium Persulfate Na2s2o8
Zinc is widely utilized in the agrochemical industry to address zinc deficiencies in crops and enhance animal feed for improved health conditions. The growing demand for agricultural products has spurred the expansion of the agrochemical sector, creating opportunities for market expansion. The demand for zinc sulfate is expected to be driven by various factors such as:
The utilization of zinc sulfate in industrial chemicals, agrochemicals, and other key applications like corrosion inhibitors in water-treatment systems, flotation agents in the mining sector, and the production of detergents and cosmetics further contributes to its production growth.
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According to the World Health Organization, zinc deficiency is linked to low respiratory tract infections, diarrheal diseases, and malaria, leading to a significant number of deaths. Consequently, the demand for zinc sulfate tablets is expected to rise in response to the increasing prevalence of zinc (Zn) deficiency.
The market is projected to experience growth due to the rising demand for zinc sulfate in the chemical industry. Its applications as a mordant, electrolyte, coagulant, and contribute to this increasing demand.
Key Takeaways in the Zinc Sulphate Market
Wide use of zinc sulphate in the agrochemical industry to compensate for the deficiency of zinc in crops is expected to drive market growth over the forecast period-comments – Said by FMI Analyst
Competitive Landscape in Zinc Sulphate Market
The market for zinc sulphate is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.
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Key Innovations in the Zinc Sulphate Market
Future Market Insights offers an unbiased analysis of the global zinc sulphate market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the zinc sulphate market, the market is segmented on the basis of type, application, and region.
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