Yes, let's use mystery powder in a bag from China. That'll be safe and environmentally friendly.
Judging from the temperature requirements, it's ammonium persulfate. This produces ammonia, along with oxygen and a few other things. Don't breathe this.
Also don't bottle it without a pressure relief valve, don't pour it down drains, because copper salts are what cause problems and that's what you produce with any etchant. Don't get it on your skin, in your eyes, up your nose, certainly not down your throat or you'll get the epic shits, do not allow it near high temperatures or flame, especially in the presence of anything remotely combustible. It's an oxidant: EVERYTHING WANTS TO BURN MORE. LOTS MORE.
And yes, it decomposes if exposed to moisture. Atmospheric moisture is all it takes, you should open and use it all in one go. If the bags are too big for that, you have a storage problem. Silica gel is probably safe around it to absorb moisture, but don't quote me on that.
Use FeCl3. It's cheaper, it stores pretty much indefinitely, it works quickly and can be reused numerous times, toxic and corrosive gasses are produced but only in small quantities and only while actively etching.