Zinc Sulphate Market Forecasted to Grow at a Compound Annual Growth Rate of 6.4% up to 2034
The global Zinc Sulphate market is projected to witness a robust growth, expanding from USD 1.7 billion in 2024 to approximately USD 3.2 billion by 2034, at a Compound Annual Growth Rate (CAGR) of 6.4% over the forecast period (2025-2034) [1].
This growth is primarily driven by the increasing demand in various sectors, including agriculture, pharmaceuticals, water treatment, and chemical manufacturing. In the agricultural sector, zinc sulphate plays a crucial role as a vital component in fertilisers, enhancing soil fertility and promoting plant growth. Particularly, crops like rice, wheat, and maize benefit significantly from zinc-based fertilisers [1].
The agricultural sector, expected to reach USD 24 billion by 2025, is a major driver of zinc sulphate demand. In fact, agriculture dominated the global zinc sulphate market in 2024, accounting for a 44.9% share by end-use [1].
The Asia Pacific (APAC) region, especially India, holds a significant share of the market, reflecting substantial potential for growth. In 2024, the APAC region generated approximately USD 0.8 billion in revenue and led the market, accounting for a 47.3% share [1]. This regional dominance is attributed to currently low per capita zinc consumption compared to global averages, indicating ample room for market expansion [1].
Within the global zinc sulphate market, Monohydrate Zinc Sulphate commanded a leading 47.8% share by type in 2024 [1]. Meanwhile, the Micronutrient segment led the market by application, holding a 41.2% share in 2024 [1]. The Micronutrient segment is driven by the critical need to address zinc deficiencies in crops to boost yield and quality.
Technological advancements and environmental considerations are also contributing factors promoting market expansion. For instance, the development of more efficient and environmentally friendly production methods is expected to drive the growth of the zinc sulphate market [1].
[1] Source: Authoritative report on the Zinc Sulphate Market (2024-2034)
The significant expansion of the agricultural sector, expected to reach USD 24 billion by 2025, creates a substantial demand for zinc sulphate, particularly in fertilizers that improve soil fertility and promote plant growth. The global finance sector, with its investments in technology advancements for more efficient and environmentally friendly production methods, contributes to the growth of the zinc sulphate industry.
