USD 4.91 billion
Sulfur Fertilizers Market Size, Share, Growth Analysis, By Type (Sulfates, Elemental Sulfur), By Crop Type (Cereals & Grains, Oilseeds & Pulses), By Form (Dry, Liquid), By Cultivation Type, By Mode of Application, By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15C2065 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
63
|Figures:
75
Sulfur Fertilizers Market Insights
Global Sulfur Fertilizers Market size was valued at USD 4.91 billion in 2022 and is poised to grow from USD 5.02 billion in 2023 to USD 5.97 billion by 2031, growing at a CAGR of 2.2% during the forecast period (2024-2031).
The driving factors behind the growth of the sulfur fertilizers market is the increasing awareness among farmers about the importance of sulfur in achieving optimal crop yields. Modern agricultural practices, such as high-yield farming and the use of high-analysis fertilizers, have led to a greater demand for sulfur due to its depletion in soils over time. The sulfur fertilizers market presents opportunities for market players. With the increasing focus on sustainable agriculture and environmental stewardship, sulfur fertilizers offer an eco-friendly alternative to other nutrient sources. The global sulfur fertilizers market plays a vital role in addressing sulfur deficiencies in soils and ensuring optimal crop growth. The market is driven by the need to overcome sulfur deficiencies in modern agricultural systems, with the awareness of its importance among farmers acting as a key driving factor. However, challenges such as fluctuating raw material prices and regulatory restrictions exist. The market presents opportunities for sustainable agriculture practices and precision application methods, offering potential for further growth and development in the sulfur fertilizers sector.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Dry
Fastest Growth
Liquid
Growth Rate
2.2% CAGR
Global Sulfur Fertilizers Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Sulfur Fertilizers Market Segmental Analysis
Global Sulfur Fertilizers Market is segmented by type, crop type, form, cultivation type, mode of application and region. Based on type, the market is segmented into sulfates, elemental sulfur and liquid sulfur fertilizers. Based on crop type, the market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables and others. Based on form, the market is segmented into dry and liquid. Based on cultivation type, the market is segmented into open field and controlled-environment agriculture. Based on mode of application, the market is segmented into soil, foliar and fertigation. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Sulfur Fertilizers Market Analysis by Form
Dry sulfur fertilizers hold a dominant position due to several reasons. Dry sulfur fertilizers offer convenience and ease of handling. They are available in various forms such as granules, prills, powders, and pastilles, making them suitable for different application methods, including broadcasting, top-dressing, and incorporation into the soil. Farmers and growers prefer dry sulfur fertilizers as they are easy to store, transport, and apply, providing flexibility in managing their fertilizer programs.
The liquid sulfur fertilizers segment is the fastest-growing segment in the global market. Liquid sulfur fertilizers offer certain advantages that contribute to their rapid growth. They are highly soluble and can be easily mixed with other liquid fertilizers, allowing for convenient tank-mixing and compatibility with existing application systems. The liquid form also enables foliar application, providing a direct and quick uptake of sulfur by crops. Liquid sulfur fertilizers offer flexibility in application timing. They can be applied during critical growth stages, providing immediate sulfur supplementation when plants require it the most. This targeted and precise application helps optimize nutrient utilization, resulting in improved crop performance and yield.
Sulfur Fertilizers Market Analysis by Application
The cereals and crops segment are the largest due to several compelling reasons. Cereals, such as wheat, corn, rice, and barley, along with other major crops like soybeans and cotton, make up a substantial portion of global agricultural production. These crops are cultivated on a large scale to meet the global demand for food, feed, and raw materials. Sulfur is an essential nutrient for cereals and crops as it plays a crucial role in protein synthesis, enzyme activation, and overall plant growth.
The fastest-growing segment in the global sulfur fertilizers market is the fruits and vegetables category. As consumers' dietary preferences shift towards healthier lifestyles, there is a rising demand for fruits and vegetables worldwide. Sulfur plays a critical role in enhancing the flavor, color, nutritional quality, and shelf life of these crops. Additionally, sulfur has proven benefits in managing pests and diseases commonly affecting fruits and vegetables, reducing the reliance on synthetic pesticides.
Global Sulfur Fertilizers Market Size By Form (%)
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Sulfur Fertilizers Market Regional Insights
Asia Pacific emerged as the dominant player in the sulfur fertilizers market, capturing a significant volume share. This dominance is expected to continue over the forecast period due to the increasing consumer awareness regarding the benefits of sulfur-based fertilizers. China and India are the key contributors to regional consumption, driven by their large agricultural sectors. These countries are home to major global manufacturers such as Coromandel International Limited, Deepak Fertilizers & Petrochemicals Corporation Limited, and National Fertilizers Limited. Additionally, a significant portion of the product is imported from North America and the Middle East and Africa, with brands like Omasulf, Tiger-sul, and Brimstone being prominent in the market.
Latin America stands as the second-largest market for sulfur bentonite, primarily propelled by the growing demand for various food crops and oilseeds. The region faces challenges related to inadequate cultivable land and micronutrient deficiencies in the soil, necessitating the use of a variety of fertilizers to enhance soil fertility. Among the countries in Latin America, Brazil holds the highest consumption of sulfur bentonite, followed by Mexico, Argentina, and Colombia. Brazil and Argentina are also significant contributors to global oilseed production, further driving the demand for sulfur fertilizers in these countries.
Global Sulfur Fertilizers Market Size By Region
- Largest
- Fastest
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Sulfur Fertilizers Market Dynamics
Sulfur Fertilizers Market Drivers
Growing Demand for High-Yielding and Quality Crops
- The increasing global population and changing dietary patterns are driving the demand for higher crop yields and improved crop quality. Sulfur fertilizers play a crucial role in optimizing crop productivity, enhancing nutrient uptake, and improving the quality attributes of crops. The need to meet these demands acts as a significant driver for the sulfur fertilizers market.
Soil Degradation and Sulfur Deficiencies
- Soil degradation and nutrient deficiencies, including sulfur deficiency, have become significant concerns in many agricultural regions. Continuous farming practices and imbalanced nutrient management have resulted in depleted sulfur levels in the soil. Sulfur fertilizers help replenish sulfur content in the soil, addressing nutrient deficiencies and improving soil fertility, thereby driving the market growth.
Sulfur Fertilizers Market Restraints
Environmental Concerns and Regulations
- Sulfur fertilizers, when used excessively or inappropriately, can contribute to environmental issues such as water pollution and acidification. Increasing environmental regulations and concerns regarding the potential negative impacts of sulfur fertilizers may pose restraints to the market. Stricter regulations on sulfur fertilizer usage, particularly in sensitive ecological areas, may limit market growth.
Price Volatility of Raw Materials
- The availability and price of raw materials used in sulfur fertilizer production, such as elemental sulfur or sulfuric acid, can be subject to volatility. Fluctuations in raw material prices can impact the manufacturing costs of sulfur fertilizers, potentially affecting market dynamics. Price volatility may pose challenges to market growth and profitability.
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Sulfur Fertilizers Market Competitive Landscape
The nature of the global sulfur fertilizers market is highly competitive on account of the presence of several prominent players. These companies strive to gain a competitive edge through various strategies such as mergers and acquisitions, partnerships, collaborations, product innovations, and expansions. The global sulfur fertilizers market is characterized by intense competition among key players who employ various strategies to maintain their market position. The competitive landscape is shaped by mergers and acquisitions, product innovations, partnerships, and geographic expansions. With a focus on sustainable agriculture and a growing demand for customized solutions, companies in the sulfur fertilizers market strive to meet the evolving needs of farmers and enhance crop productivity in an environmentally responsible manner.
Sulfur Fertilizers Market Top Player’s Company Profiles
- Nutrien Ltd.
- Yara international ASA
- The Mosaic Company
- ICL
- K+S AKTIENGESELLSCHAFT
- Nufarm limited
- Coromandel International Ltd
- Eurochem Group
- Koch Industries, Inc.
- Sapec S.A.
- Compass Minerals
- The Kugler Company
- Zuari Agrochemicals Ltd
- SQM S.A.
- Balchem Inc.
- Sulphur Mills Ltd
- Nutri-tech Solutions PTY LTD
- Tessenderlo Kerley, Inc.
- Tiger-Sul Products LLC
- Shell Sulfur Solutions
Sulfur Fertilizers Market Recent Developments
- In March 2024, Yara Growth Ventures invested in Dynelectro, a company which develops technologies to unlock the potential of solid oxide electrolysis (SOE).
- In February 2024, an article of CSIS published Russia’s war in Ukraine has caused the greatest military-related disruption to global agricultural markets in at least a century. Ukraine’s agricultural sector has been a major front in Russia’s war since February 2022, and the primary purpose of Russia’s targeting of Ukraine’s agricultural infrastructure is likely to undercut a main source of Ukraine’s income.
- In February 2024, Top Corn Fertilizer Maker Sees Profit Plunge as Prices Tumble.
- In January 2024, J&J Bagging, a company specializing in packaged feed, seed, and fertilizer manufacturing and distribution, announced with pleasure that CGB Enterprises, Inc. (CGB), a prominent figure in the grain and transportation industries, has invested in the strategic growth of the company. This partnership is poised to assist J&J Bagging in maintaining its upward trajectory within the agribusiness sector.
- In March 2024, Lucent BioSciences announced its strategic expansion into the US, EU, and Brazil. The company's products are made to boost food production without additional strain on natural resources.
- In November 2023, Yara revealed the introduction of YaraAmplix, a new brand of bio stimulants, during the Bio stimulant World Congress in Milan, Italy.
Sulfur Fertilizers Key Market Trends
- Sustainable Agriculture and Organic Farming Practices: The global shift towards sustainable agriculture and organic farming is driving the demand for organic-certified sulfur fertilizers. Organic growers prefer sulfur fertilizers derived from natural sources, aligning with their focus on environmentally friendly and sustainable crop production practices. The trend towards organic farming is expected to drive the adoption of sulfur fertilizers with organic certifications.
- Technological Advancements and Precision Agriculture: Technological advancements, such as the integration of precision agriculture practices, are influencing the sulfur fertilizers market. Precision agriculture techniques, including soil testing, remote sensing, and variable rate application, enable farmers to apply sulfur fertilizers precisely where and when needed, optimizing nutrient use efficiency. The adoption of precision agriculture practices is expected to increase, driving the demand for targeted and efficient sulfur fertilizers.
Sulfur Fertilizers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global sulfur fertilizers market analysis, they play a crucial role in improving crop productivity and quality by providing essential nutrients to plants. Sulfur is an important element required for plant growth and is involved in various metabolic processes. The market analysis also indicates that the increasing global population, rising food demand, and the need for sustainable agriculture are key drivers for the growth of the sulfur fertilizers market. The demand for sulfur fertilizers is rising due to the depletion of sulfur in soil, which is a result of intensive farming practices and decreased sulfur deposition from the atmosphere. Farmers and growers are increasingly recognizing the importance of sulfur in achieving optimal crop yields and are adopting sulfur fertilizers to overcome nutrient deficiencies. Moreover, sulfur fertilizers are also being used to mitigate sulfur deficiencies caused by high-yielding crop varieties and increased fertilizer usage. The global sulfur fertilizers market is witnessing growth driven by factors such as increasing food demand, depletion of sulfur in soil, and the need for sustainable agriculture practices. While challenges related to raw material prices and regulatory restrictions exist, opportunities lie in the adoption of precision agriculture and the development of innovative sulfur fertilizer solutions. The market analysis indicates a positive outlook for the sulfur fertilizers market as farmers and growers recognize the importance of sulfur in achieving optimal crop yields and quality.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.91 billion |
| Market size value in 2031 | USD 5.97 billion |
| Growth Rate | 2.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sulfur Fertilizers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sulfur Fertilizers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Sulfur Fertilizers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sulfur Fertilizers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sulfur Fertilizers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sulfur Fertilizers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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