DUBLIN--(BUSINESS WIRE)--The "Sulfur Fertilizers Market by Type (Sulfates, Elemental Sulfur, Liquid Sulfur Fertilizers), Crop Type (Oilseeds & Pulses, Cereals & Grains, Fruits & Vegetables, Others), Mode of Application, Form, Cultivation Type, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global sulfur fertilizers market is estimated to be valued at USD 4.6 billion in 2020 and is projected to reach USD 5.1 billion by 2025, recording a CAGR of 2.2%.
Factors such as an increase in sulfur deficiency in soils, depletion of sulfur from the soil due to the cultivation of high-yielding varieties, and less deposition of atmospheric sulfur due to strict regulations on sulfur emission are projected to drive the growth of this market.
The sulfates segment is projected to be the largest segment, by type, in the sulfur fertilizers market during the forecast period.
Sulfate containing fertilizers offer advantages of providing sulfur in the sulfate form, which is readily available for plant uptake. Sulfate sulfur is relatively mobile in most soils and moves freely with soil moisture, particularly in the upper levels of the soil profile. The sulfates segment is projected to be the largest segment due to the high consumption of ammonium sulfate, single super phosphate, and ammonium phosphate sulfate across the world.
The oilseeds & pulses segment is projected to account for the largest market during the forecast period.
By crop type, the sulfur fertilizers market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types. The dominance of the oilseeds & pulses segment is attributed to the high sulfur requirements, particularly in canola and soybean. Furthermore, sulfur helps in the synthesis of oil and improves protein production in pulses.
Oilseeds & pulses form a staple diet for millions of people in developing countries where they are grown abundantly. Regions that do not cultivate oilseeds & pulses have also started cultivating them due to their importance as cash crops and their nutritional value. Thus, increased production of these crops is also projected to drive the demand for sulfur fertilizers.
By mode of application, the soil segment is projected to be the largest segment in the sulfur fertilizers market during the forecast period.
The application of sulfur fertilizers at the right time is necessary for the proper growth and yield of crops. The different modes of application include soil, foliar, and fertigation. The application method varies according to the form of sulfur used, such as a sulfate-S form or in elemental sulfur form, and the type of crops cultivated.
Sulfur fertilizers can be applied in the soil through techniques, such as a broadcast, which helps in uniform distribution of fertilizers on the soil surface. When applied after planting, a broadcast application is often referred to as a top-dress application. This method is suitable in dense cropping. The advantage of applying sulfur fertilizers through broadcast is that it places a major portion of the fertilizer in the soil zone where moisture is most apt to be available for plant uptake. Due to these factors, the soil segment is projected to dominate the sulfur fertilizers market in 2025.
The Asia Pacific market is estimated to account for the largest market share due to the widespread sulfur deficiency in soils and the high demand for improving crop productivity in the region.
Over the last two decades, the fertilizer industry in most countries of the Asia Pacific region has shifted its focus from developing fertilizer grades to technology up-gradation, management, and sustainability of fertilizers. Asia is the most sulfur deficient region in the world, according to The Sulphur Institute, US. Therefore, the use of sulfur fertilizers is becoming a common practice in countries, such as India, China, and other emerging markets, which include Thailand and Indonesia.
- Increase in Sulfur Deficiency in Soils to Drive the Market Growth
- Increase in Preference for High-Quality Crops
- Strict Regulations on Sulfur Emission Regulations Increases the Demand for Added Sulfur
- High Consumption of Traditional Sulfate Fertilizers to Drive the Market Growth
- Growing Trend of Consuming Organic Fertilizers to Reduce the Demand for Sulfur Fertilizers
- Emergence of Elemental Sulfur Enriched Npk Fertilizers
- Rise in Investments in Agricultural Activities of Developing Countries to Provide Growth Opportunities
- Inconsistent Raw Material Prices
- Unfavorable Regulatory Effect of Unfavorable Regulatory Stance Across the Supply Chain
- Environmental Concerns
- Nutrien Ltd.
- Yara International Asa
- The Mosaic Company
- K+S Aktiengesellschaft
- Nufarm Limited
- Coromandel International Ltd
- Eurochem Group
- Deepak Fertilizers and Petrochemicals Ltd.
- Koch Industries, Inc.
- Sapec S.A.
- Compass Minerals
- the Kugler Company
- Zuari Agrochemicals Ltd
- Sqm S.A.
- Balchem Inc.
- Sulphur Mills Ltd
- Nutri-Tech Solutions Pty Ltd
- Tessenderlo Kerley, Inc.
- Tiger-Sul Products Llc
- Shell Sulfur Solutions
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