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FERROUS SULFATE MARKET ANALYSIS

Ferrous Sulfate Market, By Type (Monohydrate and Heptahydrate), By Application (Pharmaceutical, Water Treatment, Cement, Agricultural, Food & Animal Feed, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).

Market Concentration and Competitive Landscape

Ferrous Sulfate Market Concentration By Players

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Agricultural Practices

Another key use of ferrous sulfate is as a micronutrient fertilizer for iron deficiency in agricultural crops and turf grasses. Growing agriculture sector is expected to drive the market growth. For instance, in FY 2023, it is projected that the Indian agriculture sector will grow at the rate 3.5. Iron is an essential micronutrient for optimal plant growth but many soils lack sufficient iron content to meet the requirement of crops. Application of ferrous sulfate prevents iron deficiency chlorosis, a condition which causes yellowing or bleaching of younger leaves and stunts overall growth of plants. Rising global population and declining per capita farmland especially in Asia Pacific region is propelling intensive cultivation practices to boost yields. This has increased usage of micronutrient mixtures including ferrous sulfate to enhance resistance of crops to biotic and abiotic stresses. Growing trend of urban gardening and home landscaping in Western countries is also stoking sales from garden centers and retailers. Furthermore, large scale plantation of trees for afforestation programs will create steady demand for ferrous sulfate fertilizers in nurseries.

Key Players Insights
  • Crown Technology, Inc.
  • Venator Materials PLC
  • Verdesian Life Sciences, LLC
  • Rech Chemical Co. Ltd.
  • Coogee Chemicals Pty Ltd.
  • Chemland Group
  • Hong Yield Chemical Industrial Co., Ltd.
  • Changsha Haolin Chemicals Co., Ltd.
  • PJSC Sumykhimprom.
  • Nilkanth Organics
  • Hemadri Chemicals
  • Ennore India Chemicals
  • Rishi Chemicals
  • Bhagwati Chemicals
  • Vinipul Inorganics India Pvt. Ltd.
  • Meghachemi Industries
  • Shrinath Enterprises
  • Ottokemi
  • Destiny Chemicals

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