Title: Magnesium Sulfate Market - Forecast(2022 - 2027)
1Magnesium Sulfate Market - Forecast(2022 -
2027)
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- Magnesium Sulfate Market is forecast to reach
1,233.3 million by 2026, after growing at a CAGR
of 5.1 during 2021-2026. - The growing need to achieve high agricultural
yields coupled with the substantial growth of the
worldwide agricultural industry is expected to be
the main driver of demand growth in the years
ahead. - Furthermore, increasing use of magnesium sulfate
in the personal care cosmetics sector to
formulate a range of important personal care
items, including hair products, skincare
products, sun-tan products and skin fresheners
will create new opportunities for the growth of
the global magnesium sulfate industry in the
forecast era.
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- Key Takeaways from this Report
- As food demand is rising globally due to the
growing population, the need to increase the
yield is likely to drive the demand for magnesium
sulfate in fertilizer production. - According to the United Nations Food and
Agriculture Organization (FAO), the global
agricultural industry is projected to reach USD
4.1 trillion by the end of 2020, with a CAGR of
about 4.
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By Distribution Channel- Segment
Analysis Fertilizers held the largest share in
the magnesium sulfate market in 2020 and
are projected to grow at a CAGR of 4.9 during
the forecast period 2021-2026. Inorganic crop
production, fertilizers composed of synthetic or
non-synthetic materials containing synthetic
magnesium sulfate can be used as a plant or soil
modifications. Magnesium sulfate fertilizer is
designed for fast correction or prevention of
magnesium deficiencies in all types of crop and
soil conditions. The fertilizer is best used
before or during planting to avoid magnesium
shortages, but it can also be used during the
growing season to fix growth problems.
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- Magnesium Sulfate Market Industry Outlook
- KS KALI GmbH
- UMAI Chemical Co., Ltd.
- PQ Corporation
- Nafine Chemical Industry Group Co. Ltd.
- Morton Salt, Inc.
- Giles Chemical
- Mani Agro Chem Pvt Ltd.
- Acuro Organics Limited
- Laizhou Guangcheng Chemical Co. Ltd
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2027) Learn More About
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/16107/magnesium-sulfate-market.html
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