Press release
Sulfur Fertilizers Market 2024 - Global Industry, Key Strategies, Analysis, Business Segmentation, Latest Technology, and Outlook until 2033
Sulfur Fertilizers Market
The sulfur fertilizers market size is expected to see steady growth in the next few years. It will grow to $5.55 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to expansion of sulfur-responsive crops, climate change impacts, global population growth, stringent environmental regulations, rising demand for organic agriculture. Major trends in the forecast period include innovations in sulfur fertilizer products, integration of sulfur with other nutrients, focus on sustainable agriculture, precision agriculture and sulfur application, sulfur use in specialty crops.
Market Overview -
Sulfur fertilizers are organic or synthetic ingredients that are put into the soil or plants to boost growth and production by delivering critical plant nutrients. It is used for increasing agricultural output, supply extra nutrients to plants, and boost plant development by increasing soil fertility or replacing chemical components removed from the soil by previous crops.
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Sulfur Fertilizer Market Positioned For Growth Amid Rising Demand For Food Security
The growing demand for food is expected to propel the growth of the sulfur fertilizer market going forward. Food refers to a substance that can provide protein, carbohydrate, fat, and other nutrients that are used in the body of an organism and are essential for its proper growth. In an agricultural field, for numerous plant growth processes, such as nitrogen metabolism, enzyme activity, protein and oil synthesis, depend on sulfur fertilizers are used to increase the agricultural output which can meet the rising demand for food around the globe. For instance, in July 2022, according to an article by the Food and Agriculture Organization, an Italy-based organization of the United Nations, there were around 828 million people globally affected by hunger in 2021, which is an increase of 46 million people compared to 2020. Furthermore, in February 2022, according to a report published by the World Food Programme, an Italy-based organization of the United Nations that provides food assistance, around 345.2 million people are projected to be food insecure in 2023, which is double compared to 2020 and 200 million more compared to pre-pandemic levels. Also, more than 900,000 people around the globe are fighting the food crisis. Therefore, the growing demand for food will drive the sulfur fertilizer market.
Competitive Landscape -
Major companies operating in the sulfur fertilizers market report are Nutrien Ltd., Yara International ASA, The Mosaic Company, K+S Minerals and Agriculture GmbH, Israel Chemicals Limited, EuroChem Group AG, Nufarm Limited, Koch Industries Inc., Deepak Fertilisers and Petrochemicals Corporation Limited, Coromandel International Limited, Kugler Company, Zuari Agro Chemicals Ltd., Tiger-Sul Products LLC, Sulphur Mills Ltd., Mitsui & Co. Ltd., Nutri-Tech Solutions Pty. Ltd., Achema AB, Abu Dhabi Fertilizer Industries WLL, Devco Australia Holdings Pty. Ltd., Haifa Group, Uralchem Group, Tessenderlo Kerley Inc., Royal Dutch Shell plc, Balchem Corporation, Keg River Chemical corp, ATP Nutrition Ltd., Rural Liquid Fertilizers, Agrium, COMPO EXPERT GmbH, The Potash Corporation
Innovative Advancements Transforming The Sulfur Fertilizers Market
Product innovations are a key trend gaining popularity in the sulfur fertilizers market going forward. Major companies operating in the sulfur fertilizers market are developing innovative products to strengthen their position in the market. For instance, in February 2023, Vantage AG, a UK-based manufacturer of liquid sulfur, launched Nanoparticle-based foliar fertilizer. The very effective nanoparticle composition used in this new technique is intended to coat and enter plant tissue. The newly developed liquid sulfur product has sulfur particles smaller than one nanometer. The nutrient can be fully bioavailable and swiftly taken and metabolized by the plant thanks to these little particles.
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Key Segments -
The sulfur fertilizers market covered in this report is segmented -
1) By Product Type: Sulphate Fertilizers, Elemental sulfur Fertilizers, Liquid sulfur fertilizers, Other Product Types
2) By Crop Type: Cereals And Grains, Oilseeds and Pulses, Fruits and Vegetables, Turf and Ornamentals, Other Crop Types
3) By Cultivation Type: Open Field, Controlled-Environment Agriculture
4) By Form: Dry, Liquid
5) By Application: Soil, Foliar, Fertigation
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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