Increasing Focus on Aesthetic Appeal and Increasing Expenditure on Personal Care Products to Augment Growth of Copper Sulfate Market
Copper sulfate is found in personal care products. It is also used as a fungicide and herbicide for the treatment of orchards and vineyards and in industrial production of Rayon. Market Dynamics Increasing focus on aesthetic appeal is expected to propel growth of the copper sulfate market . For instance, according to a 2018 survey by GlobalData, around three quarters of South Korean men undertake a beauty or grooming treatment at least once a week. Moreover, increasing expenditure on personal care products is also expected to aid in growth of the market. For instance, according to the U.S. Bureau of Labor Statistics, average annual expenditure on personal care products in the U.S. increased from US$ 707 in 2016 to US$ 768 in 2018. Increasing demand for food is expected to boost demand for fungicide and herbicide, thereby offering lucrative growth opportunities for players in the copper sulfate market. For instance, according to Food and Agriculture...