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Sulfur Fertilizers Market Research Report 2023, Size, Share, Trends | Forecast to 2028
Sulfur Fertilizers 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.
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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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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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