Global Sulphur Fertilizers Market Size, Share, and COVID-19 Impact Analysis, By Type (Sulphates, Elemental Sulphur, Liquid Sulphur Fertilizers), By Crop Type (Oilseeds & Pulses, Cereals & Grains, Fruits & Vegetables, Others), By Form (Dry, Liquid), By Application Method (Band, Broadcast, Seed Row, Foliar, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

Industry: Agriculture

RELEASE DATE Mar 2024
REPORT ID SI3828
PAGES 200
REPORT FORMAT PathSoft

Global Sulphur Fertilizers Market Insights Forecasts to 2033.

  • The Global Sulphur Fertilizers Market Size was Valued at USD 4.5 Billion in 2023.
  • The Market Size is Growing at a CAGR of 2.25% from 2023 to 2033.
  • The Worldwide Sulphur Fertilizers Market Size is Expected to Reach USD 5.62 Billion by 2033.
  • North America is expected to Grow the fastest during the forecast period.

Global Sulphur Fertilizers Market

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The Global Sulphur Fertilizers Market Size is Anticipated to Exceed USD 5.62 Billion by 2033, Growing at a CAGR of 2.25% from 2023 to 2033.

 

Market Overview

Sulphur fertilizer is essential for numerous growth functions in plants, including nitrogen metabolism, enzyme activity, and protein and oil synthesis. Typically, plants with low sulphur levels have spindly, short stems and their young (top) leaves turn yellow. The older, lower leaves are primarily affected by yellowing when there is a nitrogen shortage. Furthermore, juvenile leaves of sulphur-deficient canola might elaborate and upward cupping, flowering that is delayed or extended, have pale-colored flowers, and produce fewer, smaller pods. Moreover, the increasing demand from the fertilizer manufacturing sector is one of the main reasons for boosting the extension of the global sulphur fertilizer market. Over the course of the projection period, increasing demand from the fertilizer manufacturing sector is anticipated to grow. The primary drivers of the global sulphur fertilizer market will be global soil sulphur deficiencies and certain crops that are susceptible to these deficiencies. The majority of fertilizer S that is applied to soils originates from products that contain sulphate. These resources offer the advantage of providing S frequently in the form of SO4-2, which is readily absorbed by plants, as a component of multi-nutrient fertilizers. Ammonium sulphate (AS), potassium sulphate, single superphosphate (SSP), and potassium and magnesium sulphate are the most accessible and well-liked sources.

 

Report Coverage

This research report categorizes the market for the global sulphur fertilizers market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global sulphur fertilizers market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global sulphur fertilizers market.

 

Global Sulphur Fertilizers Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 4.5 Billion
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :2.25%
2033 Value Projection:USD 5.62 Billion
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:120
Segments covered:By Type, By Crop Type, By Form, By Application Method, By Region and COVID-19 Impact Analysis.
Companies covered::Nutrien Ltd., K+S AG, The Mosaic Company, ICL Group Ltd., Yara International ASA, EuroChem Group AG, Koch Fertilizer, LLC, Deepak Fertilizers & Petrochemicals Corporation Limited, National Fertilizers Limited, Agrium Inc., Coromandel International Limited, OCP Group, and other key vendors.
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The global sulphur fertilizer market is escalating as a result of farmers becoming more conscious of the value of sulphur in obtaining maximum crop yields. Due to soil sulphur’s gradual exhaustion brought on by high-yield farming and the use of high-analysis fertilizers, modern agricultural methods have improved essential for sulphur. Market contributors can benefit from the global sulphur fertilizers market. Sulphur fertilizers provide an environmentally suitable substitute for other nutrient sources, frequently in light of the rising prominence of sustainable agriculture and environmental care. The global sulphur fertilizers market is important for fixing soil sulphur deficiencies and ensuring ideal crop growth. The necessity to address sulphur shortages in contemporary agricultural systems is what propels the market, and farmers' recognition of this need is a major contributing factor.

 

Restraining Factors

The subject of chemicals used in agriculture is growing in popularity. The general population is growing increasingly aware of the risks certain farming methods bring to public health. Some people choose to eat organic food because they are concerned about the health implications of pesticide residues on crops and foods. Consequently, there seems to be a move toward purchasing organic goods. For organic producers, chemical inputs like pesticides and fertilizers are forbidden. Additionally, through stringent regulations and inspections of goods certified as organic, the government encourages agricultural production without the use of fertilizers. These factors limit the sector's ability to grow in the sulphur fertilizers industry.

 

Market Segmentation

The Global Sulphur Fertilizers Market share is classified into type, crop type, form, application method.

 

  • The sulphates segment is expected to hold the largest share of the global sulphur fertilizers market during the forecast period.   

Based on the type, the global sulphur fertilizers market is divided into sulphates, elemental sulphur, and liquid sulphur fertilizers. Among these, the sulphates segment is expected to hold the largest share of the global sulphur fertilizers market during the forecast period. This is a result of the extensive use of equally new and old sulphate fertilizers, including potassium sulphate, ammonium phosphate sulphate, single superphosphate, ammonium sulphate, and sulphates of micronutrients. Furthermore, the key advantage of sulphur fertilizers is that they provide plants with a ready-to-use sulphur source in the form of sulphate.

 

  • The oilseeds & pulses segment is expected to grow at the fastest pace in the global sulphur fertilizers market during the forecast period.    

Based on the crop type, the global sulphur fertilizers market is divided into oilseeds & pulses, cereals & grains, fruits & vegetables, and others. Among these, the oilseeds & pulses segment is expected to grow at the fastest pace in the global sulphur fertilizers market during the forecast period. This is anticipated as crops with specific nutritional requirements are oilseeds and pulses. For numerous crops, sulphur is an essential nutrient since it is involved in various physiological processes, such as the formation of proteins. Sufficient amounts of sulphur in the soil are necessary to get the greatest quality and yields from oilseeds and pulses.

 

  • The dry segment is expected to grow at the greatest pace in the global sulphur fertilizers market during the forecast period.

Based on the form, the global sulphur fertilizers market is divided into dry, and liquid. Among these, the dry segment is expected to grow at the greatest pace in the global sulphur fertilizers market during the forecast period. This is because of its long shelf life and affordable price. Furthermore, ammonium sulphate, single superphosphate, ammonium phosphate sulphate, and elemental sulphur are among the dry sulphur fertilizers that are consumed in large quantities worldwide. The market is expected to increase as a result of these factors.

 

  • The foliar segment is expected to grow at the greatest pace in the global sulphur fertilizers market during the forecast period.

Based on the application method, the global sulphur fertilizers market is divided into band, broadcast, seed row, foliar, and others. Among these, the foliar segment is expected to grow at the greatest pace in the global sulphur fertilizers market during the forecast period. This is because, in comparison to soil applications, the foliar application enables faster nutrient absorption by the plants. When there are dietary deficits or when an urgent adjustment is required, this can be quite helpful. The tailored nitrogen delivery made possible by foliar application makes fertilizer use more effective. This has the potential to be both economical and sustainable.

 

Regional Segment Analysis of the Global Sulphur Fertilizers Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is anticipated to hold the largest share of the global sulphur fertilizers market over the predicted timeframe.

Global Sulphur Fertilizers Market

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Asia Pacific is anticipated to hold the largest share of the global sulphur fertilizers market over the predicted timeframe. The region is home to various developing countries. The fact that so many nations depend on agricultural exports has contributed significantly to the growth of the regional market. Asia and the Pacific region have a thriving agricultural sector, with India leading the way. India leads the globe in the production of several agricultural products that require fertilizer, such as rice, cereals, milk, and spices. Growth in the market is expected because of the increased need for sulphur fertilizers to feed the world's expanding population. Growing affluence in both urban and rural areas and a large population have led to a surge in the demand for crop protection sulphur fertilizer. Furthermore, the increased knowledge of the farming community has led to a wider use of fertilizers.

 

North America is expected to grow at the fastest pace in the global sulphur fertilizers market during the forecast period. North America has a dense population, which raises the region's demand for food production. Concerns about food security have also increased the demand for increased agricultural productivity, which has propelled market expansion. In the meantime, multipurpose fertilizers, such as those made up of compound fertilizers rich in sulphur and offering a variety of minerals, can be extremely beneficial to the sulphur fertilizer industry.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global sulphur fertilizers along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Nutrien Ltd.
  • K+S AG
  • The Mosaic Company
  • ICL Group Ltd.
  • Yara International ASA
  • EuroChem Group AG
  • Koch Fertilizer, LLC
  • Deepak Fertilizers & Petrochemicals Corporation Limited
  • National Fertilizers Limited
  • Agrium Inc.
  • Coromandel International Limited
  • OCP Group
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In October 2023, A certification audit was completed by EuroChem, demonstrating the system's compliance with FAMI-QS for the safety and quality management of ingredients used in the production and sale of specialized feed.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Sulphur Fertilizers Market based on the below-mentioned segments: 

 

Global Sulphur Fertilizers Market, By Type

  • Sulphates
  • Elemental Sulphur
  • Liquid Sulphur Fertilizers

 

Global Sulphur Fertilizers Market, By Crop Type

  • Oilseeds & Pulses
  • Cereals & Grains
  • Fruits & Vegetables
  • Others

 

Global Sulphur Fertilizers Market, By Form

  • Dry
  • Liquid

 

Global Sulphur Fertilizers Market, By Application Method

  • Band
  • Broadcast
  • Seed Row
  • Foliar
  • Others

 

Global Sulphur Fertilizers Market, By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. Which are the key companies that are currently operating within the market?
    Nutrien Ltd., K+S AG, The Mosaic Company, ICL Group Ltd., Yara International ASA, EuroChem Group AG, Koch Fertilizer, LLC, Deepak Fertilizers & Petrochemicals Corporation Limited, National Fertilizers Limited, Agrium Inc., Coromandel International Limited, OCP Group, and others.
  • 2. What is the size of the global sulphur fertilizers market?
    The Global sulphur fertilizers Market is expected to grow from USD 4.5 Billion in 2023 to USD 5.62 Billion by 2033, at a CAGR of 2.25% during the forecast period 2023-2033.
  • 3. Which region is holding the largest share of the market?
    Asia Pacific is anticipated to hold the largest share of the global sulphur fertilizers market over the predicted timeframe.

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