April 20, 2024

The Global Potassium Peroxymonosulfate Market Is Estimated To Driven By Agricultural Water Treatment

The potassium peroxymonosulfate market plays a vital role in agricultural water treatment worldwide. This solid, odorless compound finds wide usage as a disinfectant, deodorizer, and bleaching agent due to its ability to release oxygen when dissolved in water. It helps purify agricultural water by eliminating harmful microbes, algae, and fungi. Farmers rely on potassium peroxymonosulfate to remove unpleasant odors from livestock water and sanitize irrigation systems. Products containing this stable oxidizer offer cost-effective and eco-friendly solutions for agricultural water disinfection.

The Global Potassium Peroxymonosulfate Market is estimated to be valued at US$ 719.96 Bn in 2024 and is expected to exhibit a CAGR of 8.4% over the forecast period 2024-2030.

Potassium peroxymonosulfate acts as a powerful sanitizer when dissolved in tanks, pools, or spray solutions. It kills algal blooms, bacterial contaminants, and fungal growths that may harm crops or animals. Due to strict food safety regulations worldwide, farmers are increasingly turning to potassium peroxymonosulfate-based sanitizers for disinfecting produce wash water and preventing cross-contamination. This favorable regulatory environment is fueling demand from the burgeoning agricultural sector.

Key Takeaways

Key players operating in the Potassium Peroxymonosulfate Market Size are Meditrac, Trulife, Everyway Medical Instruments Co. LTD, Enovis (DJO, LLC), Orthoservice AG, Aurora Health & Beauty Inc. and Pettibon System. These companies differentiate their offerings through proprietary formulations that deliver controlled, sustained release of oxygen for effective disinfection.

The agricultural industry is witnessing rising sales of potassium peroxymonosulfate owing to growing awareness among farmers about water treatment and hygiene practices. Government agencies in developed nations are promoting its use for ensuring food and water safety. This is driving widespread adoption of potassium peroxymonosulfate as an economical substitute for chlorine.

Top producers are expanding their global footprint via partnerships with local distributors across Asia Pacific, Europe, and South America. The market is benefiting from the easier availability of potassium peroxymonosulfate products in new geographies. Increasing cross-border trade of farm produce will further augment demand from export-oriented agricultural regions worldwide.

Market Key Trends

One major trend gaining traction in the potassium peroxymonosulfate market is the introduction of combination formulas that pair it with other ingredients. Manufacturers are launching blended sanitizers containing this oxidizer along with acids, surfactants, and antimicrobials. The synergistic action of such multicomponent formulations provides enhanced disinfection against a broader spectrum of microbes compared to conventional oxidizer-only products. Their growing popularity stems from the superior performance and time/cost savings delivered to end-users. This trend allows potassium peroxymonosulfate to stay relevant amidst intense competition from alternative chemicals.

Porter’s Analysis
Threat of new entrants: New companies can face significant initial investment and established brands have strong customer loyalty.

Bargaining power of buyers: Individual buyers have low bargaining power compared to large bulk buyers who can negotiate lower prices.

Bargaining power of suppliers: A few large suppliers exist and it requires significant investment to enter raw material supply, giving existing suppliers some market power.

Threat of new substitutes: Some substitute disinfection methods exist but require different equipment and formulations, limiting substitution.

Competitive rivalry: The market has some large players and private labels leading to competition on pricing and innovation.

Geographical Regions
North America accounts for the largest market value share currently due to growing awareness about disinfection and outbreaks of infectious diseases. Asia Pacific is the fastest growing region owing to rising healthcare infrastructure, growing population and increasing awareness about hygiene in countries like China and India.

Geographical Regions
The largest value market is concentrated in Europe and North America currently. However, the fastest growing region is expected to be Asia Pacific due to expanding healthcare infrastructure, rising affluence, growing population and increasing awareness about hygiene and cleanliness in major countries like India and China.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it