Global Sulfur Fertilizers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Sulfur Fertilizers Market: Overview
"The Sulfur Fertilizers Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Sulfur is an essential nutrient for plant nutrition. It is abundantly available in nature and helps for the development of chlorophyll that aids in photosynthesis via which plants produce sugars, starch, oils, vitamins, fats, and others. It improves quality, increases crop yields, and also improves oil and protein percentage in conventional agriculture crops.
The global sulfur fertilizers market is driven by factors such as increasing demand for improving crop productivity and reduction of agricultural reactive nitrogen and sulfur emissions. Increasing crop prices along with increasing demand for fertilizers are some factors estimated to boost the consumption of sulfur fertilizers.
Also, increasing sulfur deficiency in soil is expected to drive the growth of the market. In Addition, the favorable weather condition is expected to increase the demand for fertilizers in major agricultural regions. Furthermore, rising global demand for food is also anticipated to propel the market.
Moreover, increasing the need for supplemental sulfur is expected to drive the target market in the forecast period. As per the document published by statistics, the annual demand for sulfur fertilizer is expected to reach some 69 Mn metric tons at the end of 2020.
However, an increase in the development of organic food consumption, fluctuating commodity prices, and lower farm incomes are some major factors expected to restrain the growth of the target market.
A recent trend observed in the target market is farmers and governments investing in agriculture to increase production and productivity.
Global Sulfur Fertilizers Market: Segment Analysis
Among the type segments, the sulfate fertilizers segment is estimated to hold the major market share in the global market.
Among the formulation segments, the dry formulation segment is estimated to dominate the market over the forecast period.
Among the crop type segments, the controlled environment agriculture segment is anticipated to witness a significant growth rate over the forecast period.
Global Sulfur Fertilizers Market: Region Analysis
The Asia Pacific is expected to hold a major market share in the global sulfur fertilizers market. This is attributed to the increasing need or requirement for high-quality agricultural production. The increasing population along with exponential demand for food in the region gives a new way for the growth of the target market.
Furthermore, shifting preference towards modern techniques for convenience, safety, and high-quality products, along with increasing investments in research & development activities are some factors expected to boost the growth of the target market. The usage of sulfur fertilizers becoming increasingly common in countries such as China, India, Indonesia, and Thailand.
The market in North America is expected to register substantial growth in the global market, owing to using advanced agriculture techniques.
Global Sulfur Fertilizers Market Segmentation:
Segmentation by Type:
- Elemental sulfur
- Sulfates of micronutrients
- Others (ammonium thiosulfate and potassium thiosulfate)
Segmentation by Formulation:
Segmentation by Crop Type:
- Conventional agriculture crop (cereals & grains, oilseeds & pulses, fruits & vegetables)
- Controlled environment agriculture crop (hydroponics, aeroponics, greenhouse, vertical farming, and aquaponics)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- The Mosaic Company
- Coromandel International
- K+S Aktiengesellschaft
- Potash Corp. of Saskatchewan
- Deepak Fertilisers and Petrochemicals
- The Kugler Company
- Koch Industries
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