Global Sodium Bicarbonate Market to grow at 4.9% CAGR till 2024 | FMC Corporation, Solvay, Vitro S.A, Tosoh Corporation, Tata Chemicals

An in-depth insight of sodium bicarbonate market trends in the agriculture sector

The usage of baking soda for myriad functionalities in agriculture, though acknowledged since long, however, has been commercialized only in recent years. One of the most pivotal reasons why the agricultural domain has essentially constituted the end-use segment of sodium bicarbonate industry is the globally rising population. With the number of denizens across the globe increasing at a breakneck pace, the demand for food has observed a remarkable ascent, leading to increasing crop cultivation. In consequence, this demands the usage of sodium bicarbonate as an effective agent to treat insects in farmlands and more importantly, washing away pesticides from fruits and vegetables. A recent study demonstrated that since most pesticides such as thiabendazole and phosmet remain unstable at an alkaline pH, the application of baking soda conveniently breaks down the compounds and washes them away, thus enabling sodium bicarbonate market to benefit massively from the agrochemical sector.

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The efficiency of baking soda to fight pests has been duly recognized by chemical companies, on the grounds of which innovative products are being developed across sodium bicarbonate industry, to eliminate pesticides and enhance agricultural farms. For instance, Solvay, the globally renowned sodium bicarbonate market player, recently launched the BiFor-SAFE, an effective formulation based on mineral salts and sodium bicarbonate that is 100% inorganic and can battle insects or cleanse farm buildings. A non-neurotoxic, non-toxic solution, this product, branded under PROCropTM, took the sodium bicarbonate industry by storm post its launch, and has been legally approved to be used in organic farming and for the prevention of insect development in grain silos.

Recently conducted R&D programs have depicted that sodium bicarbonate can also be effectively used for healthy plant growth, sans the danger of harmful fungal diseases. Adding water infused with baking soda to soil has been found to keep the soil at an appropriate level, prevent the growth of mildew or mold, and maintain the pH level of soil. In consequence, the farming community seems to have wholeheartedly adopted the methodology of deploying baking soda – a trend that has led to better crop cultivation and healthy yields. While the technique is yet to gain mass approval, its interim success has proved to be rather beneficial for sodium bicarbonate market.

It is imperative to state that the agricultural domain constitutes merely a fraction of the vast end-use landscape of sodium bicarbonate industry. The product finds numerous applications across the industrial animal feed, personal care, pharmaceutical, animal feed, and the food & beverage sectors – the food industry in fact, is one of the largest consumers of sodium bicarbonate. Research and development activities however, are being extensively conducted across this sphere, in order to uncover further areas of product deployment. While the rising usage of sodium acetate and yeast may have a slightly negative impact on the revenue graph of sodium bicarbonate market, the product’s numerous benefits supporting its extensive demand across a slew of domains will help propel the business vertical. Endorsed by a comprehensive, far-flung application spectrum, sodium bicarbonate market size is expected to cross USD 9 billion by 2024.

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Segmentation of Sodium Bicarbonate Market, Form By End-user
Sodium Bicarbonate Market, Form By End-user
o Crystal/powdered crystal
o Food & beverage
o Industrial
o Pharmaceutical
o Personal care
o Agrochemical
o Animal feed
o Liquid
o Food & beverage
o Industrial
o Pharmaceutical
o Personal care
o Agrochemical
o Animal feed
o Slurry
o Food & beverage
o Industrial
o Pharmaceutical
o Personal care
o Agrochemical
o Animal feed

Sodium Bicarbonate Market, By End-user
o Food & beverage
o Industrial
o Pharmaceutical
o Personal care
o Agrochemical
o Animal feed

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Asia Pacific sodium bicarbonate market is substantially growing with a CAGR of 5.7%, the region is majorly dominated by China and India. Rapid urbanization and industrialization in these countries is rising the demand for sodium bicarbonate products in end-user industries. Followed by Asia Pacific market, LATAM is increasing predominantly owing to massive demand from food and beverage industry.

The sodium bicarbonate market has several market players with numerous local & global manufacturers, supplier and distributors functioning across the globe. Some of these key market players follow both backward integration such as TATA chemical and Solvay. Prominent industry players include Blastrite, FMC Corporation, Solvay Specialty, Natural Soda, Tosoh Corporation, Crystal Mark, Tata Chemicals, Opta Minerals and Vitro S.A.B.

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