Zinc sulphate is an inorganic white colourless solid. Most commonly it is available in the form of heptahydrate also known as water of crystallization. The applications of zinc sulphate include fertilizer, animal feed, medical, water treatment etc.
The demand of zinc sulphate in fertilizer was the largest in 2021. In fertilizer application, zinc sulphate monohydrate is used as catalyst to activate the enzymes which are essential for production of proteins in crops (carrots, radishes, corn etc). The demand of zinc sulphate in fertilizer segment is driven by the zinc deficiency of the soil. Globally, more than half of soil is zinc deficient. Moreover, the increasing need for crop yielding is driving the market of zinc sulphate globally. Global population is projected to reach over 9 Billion by 2050, which will lead to a decline in arable land per person.
Asia-Pacific dominated the zinc sulphate market on the back of rapid urbanization in countries such as China, India. Around 55% of the regional population is estimated to reside in urban areas by 2030. The urbanization rate of China was 64.7% in 2021 and as per the 14th Five-Year Plan, the urbanization rate will be 65% during 2021-2025 in the country. India witnessed an increase in urbanization rate by 1.5% on a year-on-year basis in 2021. The decreasing arable is leading to an increase in use of zinc sulphate fertilizer in the region. For example, the total arable land in China was 316 Million acres in 2019, dropped by almost 5% from 334 Million acres in 2013 on the back of land-intensive industrialization and urbanization.
The growing agricultural industry is another key driver of zinc sulphate market in the region. For example, India’s agricultural sector estimated to reach USD 24 Billion by 2025. Expanding population and growing demand for food is driving the agricultural sector of the country. India has second largest population in the world after China. In addition to this, rising income in rural and urban areas has contributed to increasing demand for agricultural products.
The adoption of cutting-edge technologies such as artificial intelligence, geographic information systems, drones, remote sensing technologies, blockchain, e-farming etc. have moved the agricultural industry. India is also the second largest food producing country globally and the production of food grains in India was around 342 Million Tons in 2021. Moreover, China is the largest food producer as well as consumer in the world. The total grain production in China grew by 5% in 2021 to reach around 683 Million Tons. The population of the country also increased by 480,000 to reach around 1.4 Billion people in 2021.
Here are some of the top zinc sulphate manufacturers:
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