According to the latest report by IMARC Group, titled “Sulfur Fertilizers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global sulfur fertilizers market reached a value of US$ 5.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.6 Billion by 2027, exhibiting a CAGR of 3.4% during 2022-2027.
Sulfur fertilizers constitute sulfur in combination with other nutrients, such as nitrogen or potassium. They are vital for the growth and development of crops. Their utilization aids in increasing the protein levels in plants while improving the starch content of tubers.
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The global market is primarily driven by the increasing prevalence of sulfur deficiencies in the soil. Since some crops don’t receive an adequate amount of sulfur, this has led to the widespread uptake of sulfur fertilizers across the globe, thereby significantly contributing to the market growth. Furthermore, the low availability of arable land and the rising demand for high-quality fertilizers to enhance produce have propelled the market growth on the global level. Moreover, numerous initiatives undertaken by the governments of several countries to promote the use of sulfur fertilizers for good quality crop yield have also created a positive outlook for the market. In addition to this, the growing awareness among the farmers about the multiple benefits of sulfur fertilizers has further impelled the market growth.
Breakup by Type:
- Sulphate Fertilizers
- Elemental Sulfur Fertilizers
- Liquid Sulfur Fertilizers
Breakup by Cultivation Type:
- Conventional Agriculture
- Controlled Environment Agriculture
Breakup by Crop Type:
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
Breakup by Form:
Breakup by Mode of Application:
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Coromandel International limited (Murugappa Group)
- ICL Group Ltd
- K+S AG
- Koch Industries Inc
- Kugler Company
- Mitsui & Co. Ltd
- Nutrien Ltd
- Royal Dutch Shell plc
- Sulfur Mills Limited
- The Mosaic Company
- Yara International ASA
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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