Global Sulfur Fertilizers Market is Expected to Jump at USD 5.52 Billion by 2028

Sulfur Fertilizers
  • Sulfur Fertilizers Market

The Global Market is valued at USD 4.71 Billion in 2021 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 2.2% between 2022 and 2028. play an important role in reducing sulfur emissions and increasing agricultural productivity. It helps within the formation of essential enzymes without the aid of plant proteins. Although sulfur is needed by plants at a lower cost, lack of it can lead to loss of vitality and other serious concerns for plants.

Traditional and conventional farming has led to soil erosion over time. Soil that is now used for agricultural purposes lacks a few essential minerals that provide a productive environment for plants. Necessary minerals can be added in the form of fertilizers. The main deficiencies are nitrogen and sulfur. Therefore, the use of is increasing. Since sulfur-based fertilizers provide a low pH level for alkaline soils and help plants retain moisture, the use of such fertilizers stimulates the growth of the sulfur fertilizer market. Liquid sulfur fertilizer is a second nutrient that works as a good complement to plant foods. It acts as a fungus and promotes plant growth. In addition, it helps to improve production-related issues and reduce sulfur deficiencies in soil and crops. Though the growing practice of using organic fertilizers reduces the need for sulfur fertilizer. Most oil seed production worldwide occurs in tropical and subtropical regions where yields are low. Oilseeds are drought tolerant and breathe less. Therefore, plants in these regions have a shortage of sulfur due to insufficient supply. The demand for sulfur in oilseeds is high compared to other crops, which is why the sulfur fertilizer market is expected to be controlled during the forecast period.

Global market is divided on the basis of type into sulfate, elemental sulfur, and liquid . On the basis of the crop type, the market is divided into cereals & grains, oilseeds & pulses, fruits & vegetables, among others like tea, sugarcane, coffee, food crops, and turfs. While on the basis of market use it is divided into soil, foliar, fertigation. The market for sulfur fertilizer is regionally inclusive of North America, Asia Pacific, Europe, Latin America, Middle East & Africa.

Asia-Pacific has been the significant revenue earner and is expected to grow at a high Compound Annual Growth Rate (CAGR). The region is witnessing an increase in population as a result of the two most populous countries in the region. Deteriorating agricultural areas drive the sulfur fertilizer market in Asia Pacific. In addition, increased awareness in the farming community has led to the use of fertilizers. In addition, the increasing demand for food grains, the need for efficient use of global practices as a key factor in the growth of the Market.

Some of the major players operating in the Global Market include - Yara International ASA (Norway), Nutrien, Ltd. (Canada), ICL (Israel), The Mosaic Company (US), and K+S Aktiengesellschaft (Germany)..