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Sodium Metabisulfite Market will witness tremendous growth over the forecast timeframe

Author : Ronak Bora | Published Date : 2019-08-06 

Sodium metabisulfite market will surpass USD 495 million by 2025; according to a new research report. A thriving growth in global food & beverage industry is the key factor escalating sodium metabisulfite market. By the increasing consumption of packaged food products in developed economies, the demand for sodium metabisulfite is also expected to rise at a CAGR of 5.2% till 2025 owing to its anti-microbial properties that makes it a perfect fit to be used as a preservative in the food sector. Rising awareness for waste water treatment operations throughout the globe is also propelling the market growth. Growing industrialization and agriculture practice in developing economies such as India, China, Mexico, UAE and South Korea demands sodium metabisulfite for de-chlorination purposes, thereby making it a huge driver for technical grade sodium metabisulfite market.

With the rise in digital media and increased usage of Internet, the worldwide pulp and paper sector has been focusing on reshaping manufacturing strategies and new business models to fulfill the changing demand patterns. Personalized packaging and cardboard products have now emerged as the most lucrative commodities of the overall pulp and paper sector owing to the overwhelming demand from the burgeoning e-commerce industry.

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With the presence of a large number of suppliers and manufacturers of the chemical, the sodium metabisulfite market has gained tremendous momentum in the APAC region. The swift expansion of numerous end-user sectors such as leather and textile industries in across the region has been a pivotal factor in propelling the product demand as it is utilized as an auxiliary in bleaching and decalcification processes.

Sodium metabisulfite is majorly used in the leather industry which is even expected to increase in the upcoming years at a promising CAGR of 4.6% as a result of growing disposable income of people which has led to rise in preference of premium leather goods throughout the globe. Soaring operational costs and stringent labor regulations in Belgium, Germany, Italy, have shifted the leather industry to several Asian nations such as India, China, and South Korea, making the region the potential market hub in future.

Asia pacific and Europe are the major regions propelling the sodium metabisulfite market demand for packaged food products like appetizers and frozen meals that will subsequently increase the production capacity of sodium metabisulfite in the region. Sifting consumer preferences towards more hygienic food packaging has accelerated the demand for preservatives and antioxidants. The product is used as a preservative in canned juices, dried foods etc. Europe's food grade sodium metabisulfite demand is supported by its growing bakery industry, where the product is used as a reducing agent in dough preparation.

The sodium metabisulfite market is moderately fragmented due to the presence of huge players owing to its diversified application in a number of industries. Few players in the market are BASF SE, Aditya Birla Chemicals, Esseco LLC, Grillo-Werke to name some.

Glimpse of Table of Content (ToC)

Chapter 4. Sodium metabisulfite Market, Grade By End-user

4.1. Global sodium metabisulfite market, grade insights

4.2. Food grade

4.2.1. Market estimates and forecast, by end-user, 2014 – 2025

· Food

· Beverages

4.2.2. Market estimates and forecast by region, 2014 – 2025

4.3. Industrial/technical grade

4.3.1. Market estimates and forecast, by end-user, 2014 – 2025

· Water treatment

· Chemical & Pharma

· Textile industry

· Leather industry (Tanneries)

· Pulp & Paper

· Others

4.3.2. Market estimates and forecast by region, 2014 – 2025

4.4. Photo grade

4.4.1. Market estimates and forecast, by end-user, 2014 – 2025

· Photographic

· Film

4.4.2. Market estimates and forecast by region, 2014 – 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/sodium-metabisulfite-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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