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Sodium Bicarbonate Market showcase impressive growth in the agriculture sector by 2024

Author : Ronak Bora | Published Date : 2019-03-26 

The Sodium Bicarbonate Market is set to grow from its current market value of more than $6 billion to over $9 billion by 2024; as reported in the latest study by Global Market Insights, Inc.

Endowed with an exceptionally prodigious characteristic set, sodium bicarbonate, a.k.a. baking soda is typically used across a plethora of domains. Being environmentally viable, this natural agent finds widespread applications in agrochemicals and food verticals, such as alcoholic beverages, confectionaries, dairy, etc., accelerating the scope of sodium bicarbonate market. Furthermore, the product is an excellent cleaning agent, antacid, and neutralizing agent as well, deeming it suitable for the personal care sector. However, analysts surmise the agriculture domain to be one of the most coveted arenas of sodium bicarbonate industry, given the product’s propriety to be used for agrochemicals. A gist of the how agrochemical applications impact the dynamics of sodium bicarbonate market is enlisted below:

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The usage of baking soda for myriad functionalities in agriculture, though acknowledged since long, however, has been commercialized only in recent years. One of the most pivotal reasons why the agricultural domain has essentially constituted the end-use segment of sodium bicarbonate industry is the globally rising population. With the number of denizens across the globe increasing at a breakneck pace, the demand for food has observed a remarkable ascent, leading to increasing crop cultivation. In consequence, this demands the usage of sodium bicarbonate as an effective agent to treat insects in farmlands and more importantly, washing away pesticides from fruits and vegetables. A recent study demonstrated that since most pesticides such as thiabendazole and phosmet remain unstable at an alkaline pH, the application of baking soda conveniently breaks down the compounds and washes them away, thus enabling sodium bicarbonate market to benefit massively from the agrochemical sector.

The efficiency of baking soda to fight pests has been duly recognized by chemical companies, on the grounds of which innovative products are being developed across sodium bicarbonate industry, to eliminate pesticides and enhance agricultural farms. For instance, Solvay, the globally renowned sodium bicarbonate market player, recently launched the BiFor-SAFE, an effective formulation based on mineral salts and sodium bicarbonate that is 100% inorganic and can battle insects or cleanse farm buildings. A non-neurotoxic, non-toxic solution, this product, branded under PROCropTM, took the sodium bicarbonate industry by storm post its launch, and has been legally approved to be used in organic farming and for the prevention of insect development in grain silos.

Recently conducted R&D programs have depicted that sodium bicarbonate can also be effectively used for healthy plant growth, sans the danger of harmful fungal diseases. Adding water infused with baking soda to soil has been found to keep the soil at an appropriate level, prevent the growth of mildew or mold, and maintain the pH level of soil. In consequence, the farming community seems to have wholeheartedly adopted the methodology of deploying baking soda – a trend that has led to better crop cultivation and healthy yields. While the technique is yet to gain mass approval, its interim success has proved to be rather beneficial for sodium bicarbonate market.

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It is imperative to state that the agricultural domain constitutes merely a fraction of the vast end-use landscape of sodium bicarbonate industry. The product finds numerous applications across the industrial animal feed, personal care, pharmaceutical, animal feed, and the food & beverage sectors – the food industry in fact, is one of the largest consumers of sodium bicarbonate. Research and development activities however, are being extensively conducted across this sphere, in order to uncover further areas of product deployment. While the rising usage of sodium acetate and yeast may have a slightly negative impact on the revenue graph of sodium bicarbonate market, the product’s numerous benefits supporting its extensive demand across a slew of domains will help propel the business vertical. Endorsed by a comprehensive, far-flung application spectrum, sodium bicarbonate market size is expected to cross USD 9 billion by 2024.

Solvay’s latest investment in Germany is an archetypical instance of the varied and vast expanse of sodium bicarbonate market. The Belgium-based specialty chemicals firm has invested around EUR 6 million apparently, to expand its sodium bicarbonate production capacity in Rheinberg, Germany. Touted as a rather strategic and well-thought out plan by the sodium bicarbonate industry player, this investment is targeted at providing Solvay’s customers with the SOLVAir SB 0/3. This solution, a ready-to-use product for lowering pollutant atmospheric emissions, is specifically designed to aid factories meet environmental regulations with lesser operational costs. While helping to purify air quality does not typically fall under the regular applications of sodium bicarbonate, Solvay’s commitment toward lowering carbon footprints sheds light on the increasing deployment of this product in the industrial sector.

Sodium bicarbonate market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:

Sodium Bicarbonate Market, Form By End-user

  • Crystal/powdered crystal
    • Food & beverage
      • Industrial
      • Pharmaceutical
      • Personal care
      • Agrochemical
      • Animal feed
  • Liquid
    • Food & beverage
      • Industrial
      • Pharmaceutical
      • Personal care
      • Agrochemical
      • Animal feed
  • Slurry
    • Food & beverage
      • Industrial
      • Pharmaceutical
      • Personal care
      • Agrochemical
      • Animal feed

Sodium Bicarbonate Market, By End-user

  • Food & beverage
  • Industrial
  • Pharmaceutical
  • Personal care
  • Agrochemical
  • Animal feed

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • GCC
    • South Africa

 

Browse key industry insights spread across 200 pages with 234 market data tables & 22 figures & charts from the report, “Sodium Bicarbonate Market” in detail along with the table of contents:

www.gminsights.com/industry-analysis/sodium-bicarbonate-market

 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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