Market Forecast By Type (Zinc Sulphate Anhydrous, Zinc Sulphate Hexahydrate, Zinc Sulphate Heptahydrate, Zinc Sulphate Monohydrate), By Application (Agrochemicals, Chemicals, Pharmaceuticals, Synthetic Fibers, Water Treatment, Others) And Competitive Landscape
Product Code: ETC192404 | Publication Date: May 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Report Name | Bangladesh Zinc Sulphate Market |
Forecast period | 2025-2031 |
CAGR | 5.4% |
Growing Sector | Agrochemicals |
The Bangladesh Zinc Sulphate Market Report thoroughly covers the market by type and application. The Bangladesh Zinc Sulphate Market Outlook report provides an unbiased and detailed analysis of the ongoing Bangladesh Zinc Sulphate Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
The Bangladesh zinc sulphate market is expected to witness steady growth in the coming years due to increasing demand from various end-use industries. The country's agriculture sector, which is one of the largest contributors to its GDP, extensively uses zinc sulphate as a fertilizer and micronutrient for crops.
According to 6Wresearch, the Bangladesh Zinc Sulphate Market size is projected to rise at a CAGR of 5.4% during 2025-2031. One of the major factors driving the Bangladesh zinc sulphate market growth is its use as a fertilizer. Zinc sulphate is an important micronutrient that plays a crucial role in plant growth and development. It helps in improving crop yield and increasing resistance to diseases in plants. In addition, this compound is also used in the manufacturing of pharmaceuticals and cosmetics due to its antiseptic and astringent properties. The textile industry also uses zinc sulphate in the production of dyes and pigments.
However, some challenges could challenge the growth of the Bangladesh zinc sulphate market. One of them is the availability of cheaper alternatives such as magnesium sulphate, which can also act as a fertilizer. In addition, fluctuations in the prices of raw materials used in the production of zinc sulphate could also affect its market growth. Nevertheless, with increasing investments and government initiatives to boost the agriculture sector in Bangladesh, the demand for zinc sulphate is expected to remain strong.
One of the key players operating in the Bangladesh zinc sulphate market is Zinco Chemical Industries Ltd., which holds a significant share in the market. The company produces high-quality zinc sulphate, catering to both domestic and international markets. Another key player in the Bangladesh zinc sulphate market is Bari Industries, which offers a wide range of zinc sulphate products for various applications including agriculture, animal feed, and industrial use.
The government of Bangladesh has also taken initiatives to promote the use of zinc sulphate in agriculture. In 2017, the Ministry of Agriculture launched a project called "Zinc Fertilizer Promotion Project" with the aim of increasing the use of zinc fertilizers in the country. Under this project, the government provides subsidies to farmers for purchasing zinc fertilizers, including zinc sulphate. Moreover, the increasing investments in the agriculture sector and technological advancements are also expected to drive the growth of the Bangladesh zinc sulphate market. The use of precision farming techniques and modern agricultural machinery has led to a higher demand for micronutrients such as zinc sulphate.
With continued government support and favorable market conditions, the market is expected to experience sustained growth. The agricultural sector, which is one of the major consumers of zinc sulphate, is projected to see continued growth in the coming years. This will further drive the demand for zinc sulphate in the country. In addition, with a growing focus on sustainable and eco-friendly practices, there has been an increasing demand for organic fertilizers and pesticides.
According to Sumit, Senior Research Analyst, 6Wresearch, the agrochemicals segment of the Bangladesh zinc sulphate market is expected to witness significant growth in the coming years. This can be attributed to the increasing demand for high-quality fertilizers and micronutrients to improve crop productivity and yield.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Zinc Sulphate Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Zinc Sulphate Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Zinc Sulphate Market - Industry Life Cycle |
3.4 Bangladesh Zinc Sulphate Market - Porter's Five Forces |
3.5 Bangladesh Zinc Sulphate Market Revenues & Volume Share, By By Type, 2021 & 2031F |
3.6 Bangladesh Zinc Sulphate Market Revenues & Volume Share, By By Application, 2021 & 2031F |
4 Bangladesh Zinc Sulphate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Zinc Sulphate Market Trends |
6 Bangladesh Zinc Sulphate Market, By Types |
6.1 Bangladesh Zinc Sulphate Market, By By Type |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Zinc Sulphate Market Revenues & Volume, By By Type, 2021 - 2031F |
6.1.3 Bangladesh Zinc Sulphate Market Revenues & Volume, By Zinc Sulphate Anhydrous, 2021 - 2031F |
6.1.4 Bangladesh Zinc Sulphate Market Revenues & Volume, By Zinc Sulphate Hexahydrate, 2021 - 2031F |
6.1.5 Bangladesh Zinc Sulphate Market Revenues & Volume, By Zinc Sulphate Heptahydrate, 2021 - 2031F |
6.1.6 Bangladesh Zinc Sulphate Market Revenues & Volume, By Zinc Sulphate Monohydrate, 2021 - 2031F |
6.2 Bangladesh Zinc Sulphate Market, By By Application |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Zinc Sulphate Market Revenues & Volume, By Agrochemicals, 2021 - 2031F |
6.2.3 Bangladesh Zinc Sulphate Market Revenues & Volume, By Chemicals, 2021 - 2031F |
6.2.4 Bangladesh Zinc Sulphate Market Revenues & Volume, By Pharmaceuticals, 2021 - 2031F |
6.2.5 Bangladesh Zinc Sulphate Market Revenues & Volume, By Synthetic Fibers, 2021 - 2031F |
6.2.6 Bangladesh Zinc Sulphate Market Revenues & Volume, By Water Treatment, 2021 - 2031F |
6.2.7 Bangladesh Zinc Sulphate Market Revenues & Volume, By Others, 2021 - 2031F |
7 Bangladesh Zinc Sulphate Market Import-Export Trade Statistics |
7.1 Bangladesh Zinc Sulphate Market Export to Major Countries |
7.2 Bangladesh Zinc Sulphate Market Imports from Major Countries |
8 Bangladesh Zinc Sulphate Market Key Performance Indicators |
9 Bangladesh Zinc Sulphate Market - Opportunity Assessment |
9.1 Bangladesh Zinc Sulphate Market Opportunity Assessment, By By Type, 2021 & 2031F |
9.2 Bangladesh Zinc Sulphate Market Opportunity Assessment, By By Application, 2021 & 2031F |
10 Bangladesh Zinc Sulphate Market - Competitive Landscape |
10.1 Bangladesh Zinc Sulphate Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Zinc Sulphate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |