Magnesium Sulfate Market Segment Analysis – By Applications
Fertilizers held the largest share in the magnesium sulfate market in 2020 and are projected to grow at a CAGR of 4.9% during the forecast period 2021-2026. Inorganic crop production, fertilizers composed of synthetic or non-synthetic materials containing synthetic magnesium sulfate can be used as a plant or soil modifications. Magnesium sulfate fertilizer is designed for fast correction or prevention of magnesium deficiencies in all types of crop and soil conditions. The fertilizer is best used before or during planting to avoid magnesium shortages, but it can also be used during the growing season to fix growth problems. Rapid development of magnesium sulfate in fertilizers will in turn propel the market growth over the forecast period.