Sodium Metabisulphite Market Growth Status, Regional Trends Forecast To 2028

According to Precision Business Insights (PBI), the latest report, the sodium metabisulphite market is expected to be valued at USD 347.3 million in 2022 and is poised to grow at a significant CAGR of 6.6% over 2022-2028. The primary driver of the expansion of the global Sodium Metabisulphite market attributes to wide extension as an application in various sectors mainly in the food and beverages sectors as sodium metabisulphite is used as preservatives and additives.

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Food Industry to Dominate the Sodium Metabisulphite Market:
On the basis of application, the Food industry is expected to account for a larger revenue share in the global Sodium Metabisulphite market, with a value share worldwide owing to an increase in demand for packaged food products worldwide, which enhances the demand for Sodium Metabisulphite as food additives and preservatives. The sodium metabisulphite market is primarily driven by the flourishing food & beverage industry and growing demand within the food packaging sector to preserve food quality and extend the shelf life of finished products mainly in developed nations.

Asia Pacific Sodium Metabisulphite Market:
North America is projected to account for a substantial share in the global market of sodium metabisulphite owing to the increased demand for sodium metabisulphite as preservatives and additives in the food and beverage sector as nowadays people move towards packaging food products due to busy lifestyles. Sodium metabisulphite is also used in wastewater treatment commonly used to remove chlorine from effluent water, as well as in the purification of aldehydes. In this region, the demand for sodium metabisulphite upsurge continuously owing to the extension of the application in various sector. Moreover, these factors will undoubtedly expand the market of sodium metabisulphite in this region. The Asia Pacific is also witnessing progressive growth in the coming next few years owing to increasing population day by fady which surely enhances the demand for packaged food and also increases awareness of various applications of sodium metabisulphite.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Sodium Metabisulphite market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The sodium metabisulphite market is segmented based on grade type, application, and geography.
Based on the grade type, the market is segmented into the following:
• Food Grade
• Industrial Grade
• Photo Grade

Based on the application, the market is segmented into the following:
• Pulp & Paper Industry
• Water Treatment
• Food Industry
• Textile Industry
• Mining Industry
• Photographic Industry

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the sodium metabisulphite market report are INEOS calabrian, Esseco, Tian Chuang Chemical, BASF, Jiading Malu Chemical, Metabisulphite Nusantara, Kailong Chemical Technology, Huizhong Chemical Industry, Yinqiao Technology, and Rongjin Chemical.

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This release was published on openPR.