IMARC Group, a leading market research company, has recently releases report titled “Sulfur Fertilizers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global sulfur fertilizers market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the sulfur fertilizers market?
The global sulfur fertilizers market size reached US$ 5.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.
What are sulfur fertilizers?
When plants exhibit sulfur deficiencies, indicated by pale-yellow or light green leaves, sulfur fertilizer is used. It has various benefits, including increasing the oil content of seeds, protein levels in plants and harvested produce, and sugar recovery in sugarcane. In addition to this, it improves the starch content of tubers, the baking quality of wheat, and the nutritional quality of forages by providing a balanced nitrogen and sulfur (N:S) ratio. As a result, sulfur fertilizer is widely applied in soluble or elemental forms globally, owing to its cost-effectiveness, economic advantages, and ability to enhance crop yield.
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What are the growth prospects and trends in the sulfur fertilizers industry?
The rising number of initiatives aimed at reducing harmful emissions, which have negative environmental impacts, such as deforestation, are among the primary factors driving the sulfur fertilizers market. Besides this, the escalating awareness toward soil degradation resulting from conventional agricultural practices and the limited arable land are further augmenting the market growth. Moreover, the introduction of innovative fertilizers, such as elemental sulfur-enriched NPK fertilizers, designed for nutrient-poor soil with a light texture is also catalyzing the global market. Apart from this, the launch of several policies by the government bodies for offering grants and subsidies to support the agriculture sector and the continuous food shortage, owing to the expanding population, are acting as significant growth-inducing factors. Furthermore, these substances play a crucial role in supporting essential plant maturation functions, including enzyme activity, nitrogen metabolism, and protein and oil synthesis, and also enhance yield and promote early harvests, which is anticipated to propel the sulfur fertilizers market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 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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