PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570610
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570610
Sulfur Based Micronutrients Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
The Global Sulfur Based Micronutrients Market size recorded a valuation of USD 411.9 million in 2023 and will expand at a 9% CAGR from 2024 to 2032, driven by heightened awareness of the essential role micronutrients play in enhancing agricultural productivity. Sulfur-based micronutrients, including manganese, copper, zinc, bentonite, and iron, are vital for improving soil fertility and boosting crop yields. Their effectiveness in addressing nutrient deficiencies and promoting plant health makes them increasingly sought after by farmers aiming to optimize crop production and soil quality.
The overall sulfur based micronutrients industry is classified on the basis of type, application, and region.
Sulfur-bentonite, valued at USD 123.7 million in 2023, will grow at a 9.8% CAGR from 2024 to 2032. It remains the most prevalent sulfur-based micronutrient due to its high sulfur content and efficient release mechanism. This product is favored for its ability to address sulfur deficiencies in soils, especially in regions where intensive farming has depleted sulfur levels. Its granular form ensures uniform application and a controlled release, providing a steady supply of sulfur to plants. Sulfur-bentonite is increasingly popular among farmers, aiming to enhance crop yields and quality, particularly for oilseed crops and cereals.
The sulfur based micronutrients market for cereals and grains will reach USD 344.4 million, growing at a CAGR of 9.8% from 2024 to 2032. Essential for protein synthesis and enzymatic functions, sulfur-based micronutrients significantly impact the quality and yield of staple crops like wheat, rice, and maize. Addressing sulfur deficiencies helps enhance grain quality and meet increasing food demands. The adoption of precision agriculture further boosts the use of these micronutrients by allowing targeted nutrient application.
North America will exceed USD 237.1 million by 2032, growing at an 8.9% CAGR through 2032, fueled by increasing health awareness and a focus on reducing sodium intake to address common health issues like hypertension and cardiovascular disease. The region's well-established food and beverage industry is shifting towards healthier options to meet consumer demand, with the US and Canada leading the market. The trend towards organic and natural products boosts the demand for low-sodium sea salt. Additionally, the rise of clean-label products and North America's strong retail infrastructure, including supermarkets and online platforms, enhances the availability and accessibility of low-sodium sea salt.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market scope and definition
- 1.2 Base estimates and calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunity
- 3.2.3.1 New opportunities
- 3.2.3.2 Growth potential analysis
- 3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
- 3.3.2.1 Sustainable manufacturing
- 3.3.2.1.1 Green practices
- 3.3.2.1.2 Decarbonization
- 3.3.2.1 Sustainable manufacturing
- 3.3.3 Sustainability in raw materials
- 3.3.4 Pricing trends (USD/Ton), 2021 - 2032
- 3.3.4.1 North America
- 3.3.4.2 Europe
- 3.3.4.3 Asia Pacific
- 3.3.4.4 Latin America
- 3.3.4.5 Middle East and Africa
- 3.4 Regulations and market impact
- 3.5 Porter's analysis
- 3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Type, 2021-2032 (USD Million, Tons)
- 5.1 Key trends
- 5.2 Sulfur-Bentonite
- 5.3 Sulfur-Bentonite-Zinc
- 5.4 Sulfur-Bentonite-Manganese
- 5.5 Sulfur-Bentonite-Iron
- 5.6 Sulfur-Bentonite-Copper
- 5.7 Others
Chapter 6 Market Size and Forecast, By Application, 2021-2032 (USD Million, Tons)
- 6.1 Key trends
- 6.2 Oilseeds and pulses
- 6.3 Cereals and grains
- 6.4 Fruits and vegetables
- 6.5 Others
Chapter 7 Market Size and Forecast, By Region, 2021-2032 (USD Million, Tons)
- 7.1 Key trends
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Australia
- 7.4.6 Rest of Asia Pacific
- 7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
- 7.5.4 Rest of Latin America
- 7.6 MEA
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 South Africa
- 7.6.4 Rest of MEA
Chapter 8 Company Profiles
- 8.1 Agroasia
- 8.2 Aries Agro Limited
- 8.3 Coromandel
- 8.4 DFPCL
- 8.5 HBT India
- 8.6 IFFCO
- 8.7 Mirabelle Agro Manufacturing Pvt Ltd
- 8.8 Sohar Sulphur Fertilizers LLC
- 8.9 Tiger-Sul Products LLC
- 8.10 Yara International
