Magnesium Sulfate Market Size Perspective, Comprehensive Analysis, and Forecast 2021 – 2028
Market Synopsis According to Market Research Future (MRFR), the global magnesium sulfate market is anticipated to acquire a market value of USD 1,334.6 million, expanding at a CAGR of 5.50% by 2028. The increasing food demand owing to the growing population is likely to surge the adoption of magnesium sulfate fertilizers which can drive the magnesium sulfate market 2020. Furthermore, the extensive application of magnesium sulfate in pesticides to correct the price of magnesium or sulfur deficiency in soil is anticipated to enhance the demand for product in agricultural sector and augment the market in the review period. Besides, the usage of magnesium sulfate as nutrient supplements, flavor enhancers, and firming agents are expected to boost the demand for the same and grow the market. On the contrary, allergic reaction cases caused due to magnesium sulfate can hamper the market growth during the forecast period. However, the growing application of magnesium sulfate in the healthca