Market Size of Potassium Metabisulfite Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Potassium Metabisulfite Market Analysis
The potassium metabisulphite market is projected to register a CAGR of more than 4% during the forecast period (2021-2026).
The market growth is hampered by the COVID-19 pandemic, as lockdowns, social distances, and trade sanctions have triggered massive disruptions to global supply chain networks. Due to lockdowns in various countries, most of the industries or factories were temporarily shut down and have impacted the growth of the food and beverage segment. On the other hand, this pandemic has provided new possibilities for pharmaceuticals and textile industries in areas such as rising demand for chemical modifiers/oxidants and PPE suits, among others.
- Over the medium term, the growing demand in the food and beverage industry and increasing usage in the textiles industry are likely to drive the market.
- On the flip side, the presence of substitutes such as sodium and ammonium metabisulfite is likely to hinder the growth of the market.
- The European region dominated the market across the world, with the largest consumption from countries such as Germany and United Kingdom.
