The global zinc sulphate market is projected to reach a valuation of US$1.7 Bn in 2022, with sales growing at a 6.6% CAGR over the assessment period. Increasing demand for agrochemicals such as fertilizers, pesticides, and pharmaceutical drugs is expected to boost the market over the forecast period.
The most common use of zinc sulphate in agriculture is to treat zinc deficiency in plants and crops, which can result in poor plant development and lower productivity. Increasing demand for food and the desire to achieve higher yields while maintaining quality is driving demand for fertilizers, which is expected to fuel sales of zinc sulphate. Zinc sulphate is also used to control weeds and protect crops from pests.
Zinc sulphate is also used as a dietary supplement to help the immune system function better. It is also on the list of essential medicines maintained by the World Health Organization. The demand for generic and over-the-counter medications is increasing due to rising prevalence of chronic diseases and health issues. In the forthcoming years, rising demand for zinc sulphate in medicine production is expected to drive the growth in the zinc sulphate market.
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“Rising production and consumption of zinc sulphate in agrochemicals, along with increasing sales of dietary supplements for zinc deficiency will augment the growth in the market over the forecast period,” says and FMI analyst.
Key Takeaways:
- The monohydrate and heptahydrate type of zinc sulphate is expected to dominate the market over the forecast period.
- Demand in the agrochemicals and pharmaceuticals sectors will continue gaining traction over the assessment period.
- China will continue dominating the East Asia zinc sulphate market through 2032.
- India is projected to emerge as an attractive market in South Asia over the forecast period.
- East Asia is anticipated to lead the global zinc sulphate market through 2032.
Competitive Landscape
Balaji Industries, Changhsa Haolin Chemicals Co., Ltd., Midsouth Chemicals, Gupta Agricare, China Bohigh, Old Bridge Chemicals, Rongqing Chemical Co. Ltd., Tianjin Topfert Agrochemical Co., Clean Agro, Oasis Fine Chem, Saba chemical GmbH (SCG), Redox and others are the some of the manufacturers of Zinc Sulphate profiled in the full version of the report.
Key players in the global zinc sulphate market are establishing manufacturing facilities in order to expand their market presence. They are also investing in research and development to improve their product portfolios.
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More Insights into the Zinc Sulphate Market Report
In its latest report, FMI offers an unbiased analysis of the global zinc sulphate market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on type (anhydrous, monohydrate, hexahydrate & heptahydrate), application (agrochemicals, chemicals, pharmaceuticals, synthetic fibers, water treatment & others), and region.
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