Global Sulfur Fertilizer Market was valued at US$ 5.6 Bn in 2019, and is expected to reach US$ 7.14 Bn by 2027, at a CAGR of 3.1 % during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding sulfur fertilizer market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in sulfur fertilizer market.
Nitrogen, phosphorus and potassium are critical components of a well-fertilized cop. But for the better yields and more nutritious foods, crops need sulfur. Sulfur is a vital plant nutrient required by all crops for optimum production.
Based on the type, the sulfate fertilizers segment dominated the Sulfur Fertilizer market in 2017 owing to its advantage of supplying sulfur primarily as a component of multi-nutrient fertilizers, in a form that is immediately available for plant uptake. Further, the Elemental sulfur, Sulfates of micronutrients, ammonium sulfate, single superphosphate (SSP), potassium sulfate, and potassium & magnesium sulfate are readily available and popular sources.
Based on the Formulation, the dry formulation segment dominated the Sulfur Fertilizer market. This can be applicable to the nutrition it provides to plants over an extended period of time. In liquid formulation ammonium sulfate and potassium chloride are used. It contain 6 % potash and 2 % sulfur. Potash reacts with ammonium sulfate to form ammonium chloride and potassium sulfate. Potassium sulfate has low solubility thereby Dry formulation fertilizers are more in use.
Based on the application Method, the band segment dominated the market in 2017. And it is projected to be the fastest-growing by 2026. This attributed to the increasing application of sulfate fertilizers by the banding method, where side-banding helps to provide maximum yield in crops such as canola.
Geographically, Asia Pacific holds the largest market share, and is projected to be the fastest-growing in the sulfur fertilizers market. The dominant share of the Asia Pacific region is attributed to the increase in agricultural practices and requirement of high-quality and quaintly agricultural produce. Presence of the large population is to fuel demand for Sulfur fertilizers in order to the soaring food demand. Further, in North America region U.S. drives the growth as it is using advanced agriculture techniques.
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Scope of Global Sulfur Fertilizer Market:
Global Sulfur Fertilizer Market, by Type
• Sulfate
• Elemental sulfur
• Sulfates of micronutrients
• Others
• Ammonium Thiosulfate
• Potassium Thiosulfate
Global Sulfur Fertilizer Market, by Formulation
• Liquid
• Dry
Global Sulfur Fertilizer Market, by Crop Type
• Conventional Agriculture
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & vegetables
• Controlled Environment Agriculture
• Hydroponics
• Aeroponics
• Greenhouse
• Vertical Farming
• Aquaponics
Global Sulfur Fertilizer Market, by Application Method
• Band
• Broadcast
• Seed row
• Foliar
• Post-Harvest
Global Sulfur Fertilizer Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating In Global Sulfur Fertilizer Market:
• Agrium
• Yara
• The Mosaic Company
• Coromandel International
• Israel Chemicals Ltd.
• Eurochem
• Potash Corp. of Saskatchewan
• K+S Atkiengesellschaft
• Shell Sulfur Solutions
• Sulfur Mills Limited
• Koch Fertilizers
• Deepak Fertilizers and Petrochemicals Corporation Limited
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