According to the latest report by IMARC Group, titled “Sulfur Fertilizers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global sulfur fertilizers market reached a value of US$ 5.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.6 Billion by 2027, exhibiting a CAGR of 3.34% during 2022-2027.
Sulfur fertilizers constitute sulfur in combination with other nutrients, such as nitrogen or potassium. They are vital for the growth and development of crops. Their utilization aids in increasing the protein levels in plants while improving the starch content of tubers.
Market Trends:
The global market is primarily driven by the increasing prevalence of sulfur deficiencies in the soil. Since some crops don’t receive an adequate amount of sulfur, this has led to the widespread uptake of sulfur fertilizers across the globe, thereby significantly contributing to the market growth. Furthermore, the low availability of arable land and the rising demand for high-quality fertilizers to enhance produce have propelled the market growth on the global level. Moreover, numerous initiatives undertaken by the governments of several countries to promote the use of sulfur fertilizers for good quality crop yield have also created a positive outlook for the market. In addition to this, the growing awareness among the farmers about the multiple benefits of sulfur fertilizers has further impelled the market growth.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Achema
- Coromandel International limited (Murugappa Group)
- ICL Group Ltd
- K+S AG
- Koch Industries Inc
- Kugler Company
- Mitsui & Co. Ltd
- Nutrien Ltd
- Royal Dutch Shell plc
- Sulfur Mills Limited
- The Mosaic Company
- Yara International ASA
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The report has segmented the market on the basis on region, type, cultivation type, crop type, form, mode of application.
Breakup by Type:
- Sulphate Fertilizers
- Elemental Sulfur Fertilizers
- Liquid Sulfur Fertilizers
- Others
Breakup by Cultivation Type:
- Conventional Agriculture
- Controlled Environment Agriculture
Breakup by Crop Type:
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Others
Breakup by Form:
- Dry
- Liquid
Breakup by Mode of Application:
- Soil
- Foliar
- Fertigation
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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