PUBLISHER: The Business Research Company | PRODUCT CODE: 1414622
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414622
“Sulfur Fertilizers Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on sulfur fertilizers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for sulfur fertilizers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The sulfur fertilizers market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Sulfur fertilizers, whether organic or synthetic, are substances applied to the soil or plants to enhance growth and production by providing essential plant nutrients. These fertilizers play a crucial role in increasing agricultural output, supplying additional nutrients to plants, and promoting plant development. They achieve this by enhancing soil fertility or replenishing chemical components that may have been depleted from the soil by previous crops.
The primary categories of sulfur fertilizer products include sulfate fertilizer, elemental sulfur fertilizer, liquid sulfur fertilizer, and others. Sulfate fertilizers, specifically, contain sulfates, with the majority of sulfate fertilizer applications to soils originating from fertilizers containing sulfates. These fertilizers cater to various crop types, including cereals and grains, oilseeds and pulses, fruits and vegetables, turf and ornamentals, among others. Moreover, they find utility in both open-field cultivation and controlled-environment agriculture. Sulfur fertilizers are available in diverse forms, such as dry and liquid, and are applied through different methods, including soil application, foliar spraying, and fertigation.
The sulfur fertilizers market research report is one of a series of new reports from The Business Research Company that provides sulfur fertilizers market statistics, including sulfur fertilizers industry global market size, regional shares, competitors with a sulfur fertilizers market share, detailed sulfur fertilizers market segments, market trends and opportunities, and any further data you may need to thrive in the sulfur fertilizers industry. This sulfur fertilizers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The sulfur fertilizers market size has grown steadily in recent years. It will grow from $4.68 billion in 2023 to $4.83 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The growth observed in the historical period can be ascribed to factors such as the decline in soil sulfur levels, escalating demands for enhanced crop yields, efforts to reduce industrial emissions, heightened awareness of sulfur deficiency, and the adoption of high-yield crop varieties.
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 anticipated growth in the forecast period can be linked to factors such as the expansion of sulfur-responsive crops, the impacts of climate change, the growth of the global population, stringent environmental regulations, and an increasing demand for organic agriculture. Key trends expected in the forecast period involve innovations in sulfur fertilizer products, the integration of sulfur with other nutrients, a focus on sustainable agriculture, the adoption of precision agriculture for sulfur application, and the utilization of sulfur in specialty crops.
The anticipated growth in the sulfur fertilizer market is expected to be propelled by the increasing demand for food. Food, as a substance providing essential nutrients, is crucial for proper growth in organisms. Sulfur fertilizers play a vital role in various plant growth processes, including nitrogen metabolism, enzyme activity, and protein and oil synthesis. Their use is aimed at enhancing agricultural output to meet the rising global demand for food. For example, a report from the Food and Agriculture Organization in July 2022 indicated that around 828 million people globally were affected by hunger in 2021, marking an increase of 46 million people compared to 2020. Additionally, a report from the World Food Programme in February 2022 projected that approximately 345.2 million people would be food insecure in 2023, double the number compared to 2020. The growing demand for food is expected to drive the sulfur fertilizer market.
The increasing demand for oilseed production is anticipated to contribute to the growth of the sulfur fertilizer market. Oilseed production involves cultivating plants that yield oil-rich seeds, and sulfur fertilizer is a crucial macronutrient for the growth and development of oilseed crops. It aids in the synthesis of fatty acids, essential components of oil. Adequate sulfur levels can significantly enhance the oil content in oilseed crops. According to the United States Department of Agriculture (USDA), the global total value of oilseeds exports increased by 20.8% from $36.15 billion in 2021 to $43.69 billion in 2022, reaching 71 million metric tons. Thus, the growing demand for oilseed production is a key driver for the sulfur fertilizer market.
Product innovation emerges as a prominent trend gaining momentum in the sulfur fertilizers market. Leading companies in the sulfur fertilizers sector are actively engaged in the development of innovative products to enhance their market positioning. For example, in February 2023, Vantage AG, a UK-based manufacturer specializing in liquid sulfur, introduced a nanoparticle-based foliar fertilizer. This groundbreaking product employs an exceptionally effective nanoparticle composition designed to coat and penetrate plant tissues. With sulfur particles smaller than one nanometer, the newly developed liquid sulfur product ensures full bioavailability, facilitating rapid absorption and metabolism by plants.
Companies at the forefront of the sulfur fertilizers market are placing a strategic focus on innovation, notably in the form of sulfur insecticides, to gain a competitive advantage. Sulfur insecticides, utilizing the natural element sulfur, serve as pesticides for controlling or eliminating insects. As an illustration, in June 2022, Sulphur Mills Limited, an India-based provider of advanced agricultural solutions, launched Imara, a water-dispersible granule with 70% sulfur content. The incorporation of sulfur and zinc oxide enhances crop nutrition, fostering robust growth and development. The recommended application involves an even mixing of 4 kg/acre of fertilizer or soil after 15 to 20 days of transplanting in paddy, offering both nourishment and protection against stem borer attacks.
In September 2022, Nouryon, a Netherlands-based specialty chemicals company, completed the acquisition of ADOB Fertilizers for an undisclosed amount. This strategic collaboration positions ADOB to leverage the resources of a globally expansive organization, facilitating its progression to the next stage of global growth. ADOB Fertilizers, based in Poland, is a manufacturing company specializing in single, oligo, and multi-nutrient fertilizers, available in liquid, crystalline, and microgranular formulations.
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
Asia-Pacific was the largest region in the Sulfur Fertilizers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global sulfur fertilizer market report during the forecast period. The regions covered in the sulfur fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the sulfur fertilizers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The sulfur fertilizers market consists of sales of ammonium sulfate (AS), single superphosphate (SSP), potassium sulfate, and potassium and magnesium sulfate. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.