Global Zinc Sulfate Market

Zinc Sulphate Market Size, Share, Growth Analysis, By Type(Zinc sulphate anhydrous, zinc sulphate hexahydrate, zinc sulphate monohydrate, and zinc sulphate heptahydrate), By Applications(Medicine, Agrochemicals, chemical, Transportation), By End -User(Healthcare, Agriculture, Chemical, Synthetic Textile), By Region - Industry Forecast 2025-2032

Report ID: SQMIG15A2439 | Region: Global | Published Date: May, 2024
Pages: 157 | Tables: 95 | Figures: 72

Zinc Sulphate Market Insights

Zinc Sulphate Market size was valued at USD 9.83 Billion in 2023 and is poised to grow from USD 10.67 Billion in 2024 to USD 20.48 Billion by 2032, growing at a CAGR of 8.5% during the forecast period (2025-2032).

The global zinc sulfate market is driven by numerous market dynamics that impact its growth trend. Several factors contribute to the growth of this market, including demand-supply dynamics, macroeconomic factors, technological advancements, regulatory framework, changing consumer preferences. The demand for zinc sulfate is mainly driven by its high consumption in various industries as agricultural, pharmaceutical etc. In agriculture, zinc sulphate is widely used as a micronutrient to overcome zinc deficiency in soil, thus improving crop yield and performance increases. Moreover, the expanding pharmaceutical industry, especially in developing regions, is expected to boost the demand for zinc sulphate through the manufacture of various chemicals such as pharmaceuticals and nutritional supplements etc. 

Volatility of raw material prices, environmental concerns associated with zinc sulphate production, and stringent usage regulations are some of the factors that could hamper the growth of the market.

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Zinc Sulphate Market size was valued at USD 9.83 Billion in 2023 and is poised to grow from USD 10.67 Billion in 2024 to USD 20.48 Billion by 2032, growing at a CAGR of 8.5% during the forecast period (2025-2032).

One example of a strategic partnership in the global zinc sulfate market is the collaboration between Mosaic Company and Evergrow. Mosaic, a manufacturer and marketer of phosphate and potash fertilizers, has partnered with a specialty fertilizer company. Evergro to enhance its supply chain with zinc sulphate-based fertilizers aimed at will meet the growing demand for high-micronutrient agricultural products in this mosaic-based partnership with Evergrove expertise in construction. Mosaic and Evergro joined forces to provide farmers with innovative solutions to effectively manage zinc deficiencies in soil, thereby improving crop yields and quality.  'Midsouth Chemical', 'Changsha Haolin Chemicals Co. Ltd', ' Colakoglu  ', ' Zinc Nacional ', ' Ravi Chem Industries  ', ' Balaji Industries  ', ' Tianjin Topfert Agrochemcial  ', ' Old Bridge Chemicals  ', ' Bohigh Group  ', ' Hebei Yuanda Group  ', ' Rech Chemical  ', ' Newsky  ', ' Best-selling Chemical  ', ' Haolin Chemicals  ', ' DaHua Chemical  ', ' Lantian Chemical '

One of the major drivers of the global zinc sulfate market is the growing demand from the agricultural sector. Zinc sulfate acts as an important micronutrient, which is necessary to prevent zinc deficiency in soil. These deficiencies often lead to lower yields and poor harvests. As a result, farmers are increasingly adopting crops fortified with zinc sulfate to improve soil health and improve plant nutrition. Moreover, increasing awareness among agricultural stakeholders on the important role of micronutrients in improving yields further increases the demand for zinc sulphate fertilizers and hence the agricultural sector is a key driver of market growth. 

Rising Adoption of Zinc Sulfate in Animal Feed Additives: The global zinc sulfate market is witnessing a major trend of increasing adoption of animal feed additives. Zinc is an essential micronutrient for animal health and growth, playing an important role in various physiological functions such as immune support, enzyme metabolism and protein synthesis. Consequently, animal farmers and feed manufacturers are increasingly acknowledging the importance of animal feed supplementation and in appropriate amounts etc. compared to high bioavailability costs. In addition to matching efficacy, zinc sulphate offers a wide range of pharmaceutical applications, making it suitable for inclusion in various animal feeds, such as poultry, pork and aquaculture.

North America region in the global zinc sulfate market dominated this market by 2022. The highest zinc-rich food in any diet is oysters, but because of the widespread consumption of beef, it accounts for 20% of Americans’ daily zinc intake. Zinc is a key ingredient in American breakfast cereals. Enriched and fortified foods provide between 12.1% and 18.4% of the daily zinc intake for children and adolescents in the United States, accelerating market expansion in terms of revenue and then gaining market share.  

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Global Zinc Sulfate Market

Report ID: SQMIG15A2439

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