Sodium Sulfite Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Jun 2022 Pages: 128 SKU: IRTNTR73829

The sodium sulfite market share is expected to increase to USD 169.84 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.36%.

This sodium sulfite (Na2SO3) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers sodium sulfite market segmentations by end-user (food and beverages, cosmetics, pulp and paper, and others) and geography (APAC, Europe, North America, Middle East and Africa, and South America). The sodium sulfite market report also offers information on several market vendors, including Allan Chemical Corp., American Elements, BASF SE, Borden and Remington Corp., Ganga Chemicals, Grasim Industries Ltd., Hemani Industries Ltd., INEOS Group Holdings SA, Jay Dinesh Chemicals, Maoming Guangdi Chemical Co. Ltd., Merck KGaA, Nilkanth Organics, Solvay SA, The Chemours Co., and Tokyo Chemical Industry Co. Ltd. among others.

What will the Sodium Sulfite Market Size be During the Forecast Period?

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Sodium Sulfite Market: Key Drivers, Trends, and Challenges

Sodium sulfite is recognized as safe for use in food packaging, which is notably driving the sodium sulfite market growth, although factors such as the side effects of sodium sulfite may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sodium sulfite industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Sodium Sulfite Market Driver

Sodium sulfite is recognized as safe for use in food packaging, which is one of the key drivers propelling the sodium sulfite market growth. Primarily, as per the Code of Federal Regulation Title 21, Part 186 B, under the US Food and Drug Administration (US FDA), sodium sulfite has been recognized as safe for use in the food packaging industry. Sodium sulfite is used in manufacturing paper and paperboard, which are used for food packaging. Furthermore, it is used in manufacturing cotton fabric, which is generally used in dry food packaging. Thus, the increasing demand for food packaging is expected to drive the consumption of sodium sulfite during the forecast period. 

Key Sodium Sulfite Market Trend

The growing demand for sodium sulfite in China is one of the key sodium sulfite market trends fueling market growth. There is growing consumption of pulp in China, which has led to an increase in paper and paperboard production. Furthermore, increasing focus of foreign vendors on expanding their presence in APAC to take advantage of potential growth opportunities will significantly contribute to the sodium sulfite market growth. Moreover, the strong production of printing paper in East Asian countries and the growing focus of global vendors in Southeast Asia on the acquisition or expansion of pulp production capacity will also add to the market growth in the coming years.

Key Sodium Sulfite Market Challenge

The side effects of sodium sulfite is one of the factors impeding the sodium sulfite market growth. The consumption of sodium sulfite is associated with many side effects on the human body, including discomfort, itchy skin, mild stomach pain, stomach cramps, and nausea. Some of the serious side effects of sodium sulfite consumption are allergic reactions such as skin rash, itching or hives, and swelling of the face, lips, or tongue. These side effects will negatively impact the human body, which, in turn, will hamper the growth of the global sodium sulfite market during the forecast period. 

This sodium sulfite market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global sodium sulfite market as a part of the global diversified chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the sodium sulfite market during the forecast period.

Who are the Major Sodium Sulfite Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Allan Chemical Corp.
  • American Elements
  • BASF SE
  • Borden and Remington Corp.
  • Ganga Chemicals 
  • Grasim Industries Ltd.
  • Hemani Industries Ltd.
  • INEOS Group Holdings SA
  • Jay Dinesh Chemicals
  • Maoming Guangdi Chemical Co. Ltd.
  • Merck KGaA
  • Nilkanth Organics
  • Solvay SA
  • The Chemours Co.
  • Tokyo Chemical Industry Co. Ltd.

 

This statistical study of the Na2SO3 market encompasses successful business strategies deployed by the key vendors. The sodium sulfite market is fragmented and the vendors are deploying growth strategies such as formulations, purity, portfolio range, and services to compete in the market.

Product Insights and News

  • Basf.com - The company offers sodium sulfite for the photographic industry.
  • Boremco.com - The company offers sodium sulfite for various applications.
  • Grasim.com - The company offers sodium sulfite namely Birlasulf SS.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The sodium sulfite market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Sodium Sulfite Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the sodium sulfite market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Sodium Sulfite Market?

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39% of the market's growth will originate from North America during the forecast period. The US is the key market for sodium sulfite market in North America. Market growth in this region will be faster than the growth of the market in other regions.

Another region offering significant growth opportunities to vendors is APAC. The rising demand for cosmetics will facilitate the sodium sulfite market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 In 2020, the COVID-19 pandemic adversely impacted the regional market. However, in Q3 2021, the vendors of sodium sulfite started resuming their operations with proper social distancing and sanitization norms owing to the initiation of large-scale vaccination drives in the region. Such factors are expected to drive the sodium sulfite market growth during the forecast period.

What are the Revenue-generating End-user Segments in the Sodium Sulfite Market?

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The sodium sulfite market share growth by the food and beverages segment will be significant during the forecast period. The volume consumption of sodium sulfite is expected to increase during the forecast period, owing to the increasing demand for packaged food items such as canned and frozen fruits, fruit and vegetable juices, and others that require minimal preparation. Packaged and processed drinks in the food and beverages segment require sodium sulfite to increase their shelf-life and provide color, flavor, and consistency. Such a rise in the food and beverages segment will drive the sodium sulfite market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the sodium sulfite market size and actionable market insights on post COVID-19 impact on each segment.

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Sodium Chlorite market - The market share is expected to increase by USD 68.66 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.97%.

Sodium Nitrate market - The market size has the potential to grow by 177.55 thousand MT during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

Sodium Sulfite Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.36%

Market growth 2022-2026

$ 169.84 million

Market structure

Fragmented

YoY growth (%)

2.15

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

North America at 39%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Allan Chemical Corp., American Elements, BASF SE, Borden and Remington Corp., Ganga Chemicals , Grasim Industries Ltd., Hemani Industries Ltd., INEOS Group Holdings SA, Jay Dinesh Chemicals, Maoming Guangdi Chemical Co. Ltd., Merck KGaA, Nilkanth Organics, Solvay SA, The Chemours Co., and Tokyo Chemical Industry Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Sodium Sulfite Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive sodium sulfite market growth during the next five years
  • Precise estimation of the sodium sulfite market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the sodium sulfite industry across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sodium sulfite market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Food and beverages - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Food and beverages - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Food and beverages - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Food and beverages - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Food and beverages - Year-over-year growth 2021-2026 (%)
    • 5.4 Cosmetics - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Cosmetics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Cosmetics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Cosmetics - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Cosmetics - Year-over-year growth 2021-2026 (%)
    • 5.5 Pulp and paper - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Pulp and paper - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Pulp and paper - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Pulp and paper - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Pulp and paper - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by End-user
      • Exhibit 44: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 American Elements
              • Exhibit 97: American Elements - Overview
              • Exhibit 98: American Elements - Product / Service
              • Exhibit 99: American Elements - Key offerings
            • 10.4 BASF SE
              • Exhibit 100: BASF SE - Overview
              • Exhibit 101: BASF SE - Business segments
              • Exhibit 102: BASF SE - Key news
              • Exhibit 103: BASF SE - Key offerings
              • Exhibit 104: BASF SE - Segment focus
            • 10.5 Borden and Remington Corp.
              • Exhibit 105: Borden and Remington Corp. - Overview
              • Exhibit 106: Borden and Remington Corp. - Product / Service
              • Exhibit 107: Borden and Remington Corp. - Key offerings
            • 10.6 Ganga Chemicals
              • Exhibit 108: Ganga Chemicals  - Overview
              • Exhibit 109: Ganga Chemicals  - Product / Service
              • Exhibit 110: Ganga Chemicals  - Key offerings
            • 10.7 Grasim Industries Ltd.
              • Exhibit 111: Grasim Industries Ltd. - Overview
              • Exhibit 112: Grasim Industries Ltd. - Business segments
              • Exhibit 113: Grasim Industries Ltd. - Key offerings
              • Exhibit 114: Grasim Industries Ltd. - Segment focus
            • 10.8 Hemani Industries Ltd.
              • Exhibit 115: Hemani Industries Ltd. - Overview
              • Exhibit 116: Hemani Industries Ltd. - Product / Service
              • Exhibit 117: Hemani Industries Ltd. - Key offerings
            • 10.9 INEOS Group Holdings SA
              • Exhibit 118: INEOS Group Holdings SA - Overview
              • Exhibit 119: INEOS Group Holdings SA - Business segments
              • Exhibit 120: INEOS Group Holdings SA - Key offerings
              • Exhibit 121: INEOS Group Holdings SA - Segment focus
            • 10.10 Maoming Guangdi Chemical Co. Ltd.
              • Exhibit 122: Maoming Guangdi Chemical Co. Ltd. - Overview
              • Exhibit 123: Maoming Guangdi Chemical Co. Ltd. - Product / Service
              • Exhibit 124: Maoming Guangdi Chemical Co. Ltd. - Key offerings
            • 10.11 Solvay SA
              • Exhibit 125: Solvay SA - Overview
              • Exhibit 126: Solvay SA - Business segments
              • Exhibit 127: Solvay SA - Key news
              • Exhibit 128: Solvay SA - Key offerings
              • Exhibit 129: Solvay SA - Segment focus
            • 10.12 The Chemours Co.
              • Exhibit 130: The Chemours Co. - Overview
              • Exhibit 131: The Chemours Co. - Business segments
              • Exhibit 132: The Chemours Co. - Key news
              • Exhibit 133: The Chemours Co. - Key offerings
              • Exhibit 134: The Chemours Co. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 135: Inclusions checklist
                • Exhibit 136: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 137: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 138: Research methodology
                • Exhibit 139: Validation techniques employed for market sizing
                • Exhibit 140: Information sources
              • 11.5 List of abbreviations
                • Exhibit 141: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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