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The sodium sulfite market share is expected to increase to USD 169.84 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.36%.
This sodium sulfite (Na2SO3) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sodium sulfite market segmentations by end-user (food and beverages, cosmetics, pulp and paper, and others) and geography (APAC, Europe, North America, Middle East and Africa, and South America). The sodium sulfite market report also offers information on several market vendors, including Allan Chemical Corp., American Elements, BASF SE, Borden and Remington Corp., Ganga Chemicals, Grasim Industries Ltd., Hemani Industries Ltd., INEOS Group Holdings SA, Jay Dinesh Chemicals, Maoming Guangdi Chemical Co. Ltd., Merck KGaA, Nilkanth Organics, Solvay SA, The Chemours Co., and Tokyo Chemical Industry Co. Ltd. among others.
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Sodium sulfite is recognized as safe for use in food packaging, which is notably driving the sodium sulfite market growth, although factors such as the side effects of sodium sulfite may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sodium sulfite industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Sodium Sulfite Market Driver
Sodium sulfite is recognized as safe for use in food packaging, which is one of the key drivers propelling the sodium sulfite market growth. Primarily, as per the Code of Federal Regulation Title 21, Part 186 B, under the US Food and Drug Administration (US FDA), sodium sulfite has been recognized as safe for use in the food packaging industry. Sodium sulfite is used in manufacturing paper and paperboard, which are used for food packaging. Furthermore, it is used in manufacturing cotton fabric, which is generally used in dry food packaging. Thus, the increasing demand for food packaging is expected to drive the consumption of sodium sulfite during the forecast period.
Key Sodium Sulfite Market Trend
The growing demand for sodium sulfite in China is one of the key sodium sulfite market trends fueling market growth. There is growing consumption of pulp in China, which has led to an increase in paper and paperboard production. Furthermore, increasing focus of foreign vendors on expanding their presence in APAC to take advantage of potential growth opportunities will significantly contribute to the sodium sulfite market growth. Moreover, the strong production of printing paper in East Asian countries and the growing focus of global vendors in Southeast Asia on the acquisition or expansion of pulp production capacity will also add to the market growth in the coming years.
Key Sodium Sulfite Market Challenge
The side effects of sodium sulfite is one of the factors impeding the sodium sulfite market growth. The consumption of sodium sulfite is associated with many side effects on the human body, including discomfort, itchy skin, mild stomach pain, stomach cramps, and nausea. Some of the serious side effects of sodium sulfite consumption are allergic reactions such as skin rash, itching or hives, and swelling of the face, lips, or tongue. These side effects will negatively impact the human body, which, in turn, will hamper the growth of the global sodium sulfite market during the forecast period.
This sodium sulfite market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global sodium sulfite market as a part of the global diversified chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the sodium sulfite market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the Na2SO3 market encompasses successful business strategies deployed by the key vendors. The sodium sulfite market is fragmented and the vendors are deploying growth strategies such as formulations, purity, portfolio range, and services to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The sodium sulfite market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the sodium sulfite market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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