Sulphur Fertilizers Market | Global Industry Size, Share, Growth, Analysis, Trends and Forecast 2030by Ganesh Kumar SEO Specialist
According to ChemAnalyst report, “Global Sulphur Fertilizers Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Global Sulphur Fertilizers market witnessed a steady growth in the historic years and is estimated to achieve a CAGR of 5% in the forecast period owing to its constant demand from Agriculture sector. Increasing Sulphur-deficiencies in the soils because of intensive agricultural production and reduced atmospheric Sulphur deposition due to strict regulations by governments on Sulphur emissions will drive the demand for Sulphur Fertilizers in the forthcoming years.
Sulphur Fertilizers are the fertilizers containing Sulphur along with other nutrients, such as potassium or nitrogen. Sulphate fertilizers dissolves quickly and easily available to growing crops. The different types of Sulphur fertilizers are Ammonium Sulphate, Potassium Sulphate, Single Superphosphate, Ammonium Phosphate Sulphate, Magnesium Sulphate and Liquid fertilizers with Sulphur as thiosulphate etc. As Sulphur is a necessary element for plant growth and development owing to its role in the formation of amino acids, proteins, and oils and helps crop in retaining moisture and nitrogen uptake therefore its deficiency in soils lead to a major challenge for the farmers to increase their crop yield and quality. It consequently surges the demand for high performance Sulphur Fertilizers that could enable farmers to increase the productivity, oil content and nutritional quality of the crop along with their profitability. These factors are likely to boost the Sulphur Fertilizers market in the forecast period.
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Moreover, to meet the demands of the growing population, Global food Security bodies such as Food and Agricultural Organization of the United Nations (FAO) and the International Fertilizer Association (IFA) are putting efforts towards adapting better agricultural practices to elevate the crop productivity that also draw attention towards the use of Sulphur Fertilizers. Based on type, the market has been segmented into Sulphates, Elemental Sulphur, Sulphate of Micronutrients and Others. Sulphates are likely to dominate the Sulphur Fertilizers market during the forecast period as they are easy to uptake by the plants as they provide Sulphur in the more accessible sulfate (SO2−4) form. Whereas, on the basis of types of crops, Oilseeds & Pulses holds the major share for the consumption of Sulphur Fertilizers as this segment forms a staple diet for millions or serve as high-value ingredients for several food products are widely cultivated across several developing regions of the world. Hence the demand for Sulphur fertilizers is driven by the strong underlying agricultural markets.
There was the minimum effect on the Agrochemicals industry throughout the Covid crisis as there was no direct impact of Covid on agricultural sector except macroeconomic uncertainty across agri-food markets trickled down severe implications on the global fertilizer production, but the demand was stable in the first half of FY20. However, since the latter half of 2020, the demand for Sulphur Fertilizers is up substantially compared to the historic times owing to the awareness about its role in the growth and development of the plant coupled with the pressure on farmers to attain better quality crops and high production with the increasing population and shrinking agricultural land.
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Regionally, North America dominates the Sulphur Fertilizers market and holds the largest market share. Its large agriculture area and awareness among growers about the latest farming techniques will drive the market growth. Asia-Pacific region holds the highest market potential with increasing demand for high-quality agriculture produce supported by rising population and regional policies favoring the domestic fertilizer production. Moreover, fertilizers industries are in abundance in the Asia pacific region to meet the demands of large consumer base being China is the largest consumer of fertilizers followed by India.
According to ChemAnalyst report, “Global Market By Global Sulphur Fertilizers Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”, Some of the major players operating globally in Sulphur Fertilizers market are Yara International ASA, The Mosaic Company, Nutrien, Ltd., Nufarm Limited, Hafia International Co., Coromandel International, Compass Minerals, Koch Industries, Inc., Deepak Fertilizers and Petrochemicals Ltd., The Kugler Company etc.
“Being linked to the agriculture sector the global market for Sulphur Fertilizers has shown a robust growth alongside growing population and high demand to enhance the crop’s quality and yield. Moreover, factors like various govt. policies and initiatives to boost agricultural domain and expansion in the production capacity of fertilizers by the manufacturers are going to fuel the market. With new competitors emerging across the Asia Pacific Sulphur Fertilizer market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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Created on Aug 31st 2021 00:59. Viewed 676 times.