Sulfur Fertilizers Market Size Forecast to Reach $5.3 Billion by 2025

Sulfur Fertilizers Market size is forecast to reach $5.3 billion by 2025, after growing at a CAGR of 2.4% during 2020-2025. Factors such as the increase in sulfur deficiencies in the soil and high consumption of traditional sulfate fertilizers are likely to aid in the market growth of Sulfur Fertilizers. Intensive agricultural practices, the use of improved crop varieties, and the rise in area under irrigation are the factors that will increase the market demand for Sulfur Fertilizers during the forecast period.

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Type - Segment Analysis

Fertilizers containing sulfur segment holds the largest share in the Sulfur Fertilizers market. Sulphate-containing fertilizers provide most of the fertilizer S applied to soils. These materials have the advantages of supplying S primarily as a component of multi-nutrient fertilizers in a form, SO4-2, that is immediately available for plant uptake. The most readily available and popular sources are ammonium sulphate (AS), single superphosphate (SSP), potassium sulphate, and potassium and magnesium sulphate. Ammonium sulphate (21-0-0-24S) is one of the oldest of N and S-containing fertilizers, and is still popular around the world. Ammonium sulphate is mostly produced as a co-product of other industries. Single Superphosphate was once the most important P source in the world and still is a major P fertilizer in China, India, Australia and New Zealand due to its P and S contents.

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Crop Type – Segment Analysis

Oilseeds & Pulses holds the largest market for the sulfur fertilizers market. Oilseeds and pulses are staple foods for millions of poor people in developing countries, an even more important role as cash crops. The most important crops in these categories are oil palm, beans (soybean, cowpeas, broad beans, red beans) and groundnuts. Further can be mentioned cashew, shea nut, sesame, sunflower, coconut and olives. Oilseeds and pulses add important nutritional value to the diet by high quality protein and/or vegetable oil, together with oil soluble vitamins like vitamin A. The postharvest practices for most of the seeds and beans consist of threshing, shelling or podding and drying, after which the product can be stored like grains. Critical in the drying and storage process is the prevention of contamination with fungi and Aflatoxin. Oil palm fruits need to be processed into palm oil soon after harvest.

Application - Segment Analysis

Barely Silage holds the largest holds the largest market for Sulphur Fertilizers market owing to the highest uptake of sulphate fertilizers. Barley silage was made at three dry matters, direct cut at soft dough maturity 36%, wilted to 40%, and 50%. These silages were fed with either 13% or 10.5% dietary crude protein in a 3 × 2 factorial design to 30 lactating Holsteins to test milk production response. Complete rations containing silages, ground corn, soybean meal, minerals, and vitamins supplied anticipated dietary needs except for protein. Barley silage is the main roughage fed in Western Canadian feedlots, but few barley breeders try to improve its feed quality. Most breeders focus on improved grain yields, malting characteristics and better disease and lodging resistance, and pay little attention to feed quality traits like protein, starch, or neutral detergent fiber (NDF) content and digestibility.

Geography - Segment Analysis

APAC dominated the Sulfur Fertilizers market with a share of more than 30%, followed by North America and Europe. Countries such as India and China are major players in this region. Major crops produced in Asia include rice, sugar beet, fruits & vegetables, cereals, and grains; the region consumes 90% of the global rice produced. There is a huge demand for sulfur fertilizers market in Asia Pacific due to the direct use of micronutrients to treat plant deficiencies and are often sprayed in combination or as additives. Micronutrients are essential elements that are used by plants in small quantities. For most micronutrients, crop uptake is less than one pound per acre. In spite of this low requirement, critical plant functions are limited if micronutrients are unavailable, resulting in plant abnormalities, reduced growth and lower yield.

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Drivers – Sulfur Fertilizers Market

Increasing demand for Eatables

Various nutrients boost plant production and keep people all over the world fed and healthy, and enhanced efficiency fertilizers. The third category of essential crop nutrients: micronutrients. Micronutrients play a supporting role in overall plant health and development. Micronutrients promote essential plant processes and growth, which translates into nutrient-rich food for animals and humans. Micronutrients include boron, chlorine, copper, iron, manganese, molybdenum and zinc, which are often in short supply for growing crops. Owing to this the increasing usage of fertilizers the Sulfur Fertilizers market will grow.

Implementation of Governments Regulations

Governments globally are focusing on boosting their agriculture sector. Whereas Governments regulations such as Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) by Indian Government will help to grow the agriculture sector. Under the Scheme an income support of Rs.6000/- per year is provided to all farmer families across the country in three equal installments of Rs.2000/- each every four months, which will financially help the farmers let them focus more towards farming. And with the growth of agricultural sector the Sulfur Fertilizers market will grow.

Challenges – Sulfur Fertilizers Market

Impact of COVID-19

The global Sulfur Fertilizers Market continues to be challenged by the lockdowns, logistical disturbances, reduced productions, and associated economic impacts of COVID-19. The global fertilizer sector has been affected since the outset, primarily in China, the world's largest producer as well as consumer of agriculture micronutrients. The outbreak of a novel coronavirus in China has to date had the most critical impact across the Chinese agriculture micronutrients sector, affecting the movement of both micronutrients products and raw materials in and out of the country. Moreover, this pandemic also expected to hit the agriculture micronutrients industry in the U.S., Brazil, India, and EU-5 countries.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Sulfur Fertilizers market. Major players in the Sulfur Fertilizers Market are Agrium, Coromandel International, Deepak Fertiliser And Petrochemical, Eurochem, ICL among others.

Acquisitions/Technology Launches

In March 2020, The Mosaic Company entered into an agreement with the Financial Technology Research Centre (FTRC) at the University of Adelaide in Australia to focus on enhanced fertilizer efficiency.

In February 2020, ICL announced the acquisition of Growers Holdings Inc. (US), an innovator in the field of data-driven farming, which provides information on fertilization and on-field applications.

Key Takeaways

Asia-Pacific dominates the Sulfur Fertilizers market owing to increasing demand from applications such as seed, Band.

Factors such as the increase in sulfur deficiencies in the soil and high consumption of traditional sulfate fertilizers are likely to aid in the market growth of Sulfur Fertilizers.

Intensive agricultural practices, the use of improved crop varieties, and the rise in area under irrigation are the factors that will increase the market demand for Sulfur Fertilizers in the near future.

COVID 19 pandemic will create hurdles for the Sulfur Fertilizers market.

Related Reports:

A. Fertilizers Market
https://www.industryarc.com/Report/1262/fertilizers-market-analysis.html

B. Phosphate Fertilizers Market
https://www.industryarc.com/Report/15160/phosphate-fertilizers-market.html

For more Agriculture Market reports @ https://www.industryarc.com/Domain/2/agriculture-market-research.html

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