The Sodium Sulfite Market is being driven by Sodium sulfite is recognized as safe for use in food packaging
The Sodium Sulfite Market is expected to grow at a CAGR of 2.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 122.9 million. In the global sodium sulfite market, China holds a significant position as a leading producer and consumer. The Asia Pacific region, particularly China, India, Malaysia, and Japan, accounts for a substantial share of sodium sulfite demand due to the high consumption of paper products. The pulp and paper industry in APAC is a major consumer of sodium sulfite, driven by its usage in kraft pulping. Key growth factors include the increasing per capita consumption of paper products in APAC, the high production and export of pulp from Indonesia to major consumers such as South Korea, India, Japan, and China, and the rising consumption of pulp in China for paper and paperboard production.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
203 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.3% |
Market growth 2025-2029 |
USD 122.9 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
2.2 |
Key countries |
China, US, India, Japan, Germany, South Korea, Canada, France, Australia, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Sodium Sulfite market encompasses anhydrous sodium sulfite, sodium sulfite monohydrate, and sodium sulfite heptahydrate, with varying solubility and density. Sodium sulfite's decomposition, toxicity, biodegradability, disposal, recycling, and sustainability are key considerations. Innovation, research, technology, patents, standards, certifications, and regulations also play significant roles in the market.
The global diversified chemicals market encompasses businesses producing a broad spectrum of chemical products, excluding industrial gases, commodity chemicals, specialty chemicals, and fertilizers. According to Technavio, market size is determined by the consolidated revenue of manufacturers specializing in various chemical product categories. Market expansion is influenced by several factors, including robust demand from emerging economies, such as China, Brazil, Indonesia, and India. Manufacturers of diversified chemicals are increasingly relocating their operations to these nations due to favorable government initiatives, affordable labor, ample land resources, and reduced transportation expenses.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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