The global sulfur fertilizers market accounted for a value of USD 3.9 billion in 2019 and is projected to register growth at a CAGR of 2.9% during forecast period.
COVID-19 has impacted the sulfur fertilizers market. However, the sulfur fertilizers market is estimated to have minimal impact due to this global pandemic. The travel restrictions, transportation barriers and lockdown have disrupted the supply chain of this market. The operations of companies are running smoothly during this lockdown in many regions as government has provided some relaxation to these industries although there are some delays in import of fertilizers from different regions due to lockdown. The delay in supply has contributed to loss but this temporary and sulfur fertilizers market is likely to witness growth during forecast period.
For more details, visit: Global Sulfur Fertilizers Market By Type (Liquid, Elemental, Others), By Application (Soil, Foliar, Others), By Form (Dry & Liquid), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Others), By Region, Forecast & Opportunities to 2026
The sulfur deficiency is increasing in soil due to cultivation of various varieties of high yielding crops. The soil needs sufficient amount of sulfur to produce different types of crops. The sulfur is supplied to the soil through sulfur fertilizers. The rise in sulfur deficiency leads to increase in demand for sulfur fertilizers and this drives growth in sulfur fertilizers market during forecast period.
On the basis of crop type, the sulfur fertilizers market is segmented into fruits & vegetables, cereals & grains, oilseeds & pulses and others. The oilseeds & pulses segment is estimated to be the fastest growing market during forecast period. The oilseed is produced in semi-arid tropical areas, this area have low average yield. The oilseeds and pulses crops suffer from sulfur deficiency as they have insufficient sulfur supply. Hence, the demand for sulfur fertilizers is very high from these crops. Sulfur provides nutrients for oil synthesis and for plant production. The higher sulfur requirement by oilseeds drives growth in this segment during forecast period.
On the basis of crop type, the sulfur fertilizers market is segmented into liquid sulfur fertilizers, elemental sulfur and sulfates. The sulfates segment is estimated to dominate the market during forecast period. The consumption of sulfate fertilizers such as ammonium phosphate sulfate, potassium sulfate and single superphosphate etc. is increasing around the world. The sulfate fertilizers supply sulfur in form of sulfate which is available to the plants. This drives growth in sulfate market during forecast period.
On the basis of form, the sulfur fertilizers market is segmented into dry and liquid. The dry segment is estimated to be fastest growing segment during forecast period. It provides extended shelf life with lower cost. The consumption of dry form of sulfur fertilizers is increasing around the world. The demand for various dry sulfur fertilizers such as ammonium phosphate sulfate and ammonium sulfate is increasing rapidly. This drives growth in dry form of sulfur fertilizers segment during forecast period.
Asia-Pacific region is estimated to hold largest market share during forecast period. The agriculture activities are increasing as the population is very high in this region which increases demand for crops. This region requires high-quality agriculture crop. Majority of land in India and China are used under agriculture sector. The requirement for fertilizers is also high to provide necessary minerals and nutrients to crops. Asia-Pacific region largely grow rice, sugar beet, cereals, grains and fruits & vegetables. These crops demand high amount of sulfur for growth and this drives growth in sulfur fertilizers segment during forecast period.
The key market players in sulfur fertilizers in industry are Nutrien Ltd., Yara International, The mosaic Company, K+S, ICL, Euro Chem Group, Nufarm Ltd, Koch Industries, Compass Minerals, Deeepak Fertilizers & Petrochemicals Ltd., Coromandel International Ltd., The kugler Company, Sapec SA, SQM SA, Balchem Inc., Nutri-tech Solutions Ply Ltd., Zuari Agro Chemicals, Tessenderlo Kerley and Tiger-Sul Products LLC.
- What are the expected industry trends over the next three to five years?
- Which of the sulfur fertilizers type is likely to lead by 2025?
- Which of the application segments is expected to have the maximum potential to during the forecast period?
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