According to a new report, published by KBV research, The Global Copper Sulfate Market size is expected to reach $1.2 billion by 2030, rising at a market growth of 5.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,563.3 hundred Tonnes experiencing a growth of 4.3% (2019-2022).
The Pentahydrate segment led the Global Copper Sulfate Market by Type in 2022; thereby, achieving a market value of $676.5 Million by 2030. Copper sulfate pentahydrate is commonly used in agriculture as a fungicide and bactericide. If there's an increased focus on crop protection and disease control, the demand for copper sulfate pentahydrate in the agricultural sector could rise. Likewise, copper sulfate pentahydrate is used in water treatment for its algicidal and bactericidal properties. These factors will boost the demand in the segment.
The Agriculture segment is growing at a CAGR of 4 % during the forecast period. Farmers and agricultural practitioners recognize copper sulfate as a valuable tool in crop protection strategies. Its ability to control and mitigate the impact of diseases contributes to healthier crops, leading to enhanced yield and overall agricultural output. Hence, owing to these aspects, the segment will witness increased demand in the upcoming years.
Full Report: https://www.kbvresearch.com/copper-sulfate-market/
The Asia Pacific region dominated the Global Copper Sulfate Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $502.7 Million by 2030. The North America region is anticipated to grow at a CAGR of 4.9% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 5.6% during (2023 - 2030).
By Type (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Application (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Hundred Tonnes, USD Billion, 2019-2030)