Sulfur Fertilizers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Sulfur Fertilizers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global sulfur fertilizers market size reached US$ 5.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.29% during 2022-2028.

Sulfur fertilizer is utilized when a plant starts demonstrating sulfur deficiencies, which includes leaves turning pale-yellow or light green. It assists in increasing the oil content of seeds, protein amount in plants and harvested produce, and sugar recovery in sugarcane. It also aids in improving the starch content of tubers, baking quality of wheat, and nutritional quality of forages by providing a balanced nitrogen and sulfur (N:S) ratio. As it is cost-effective, economical, and enhances the crop yield, it finds extensive application in either the soluble or elemental form across the globe.

Sulfur Fertilizers Market Trends:
At present, there is an increase in the number of initiatives undertaken to reduce sulfur emissions on account of their adverse impact on the environment, including deforestation. This, along with the rising awareness about soil deterioration caused by conventional agriculture practices and limited arable land, represents one of the key factors positively impelling the growth of the market. Sulfur fertilizers support the essential growth functions in plants, which include enzyme activity, nitrogen metabolism, and protein and oil synthesis. They also improve yield and promote early produce with higher oil and protein levels. Apart from this, there is a considerable shortage of food worldwide due to the increasing global population. This is positively influencing the overall sales of sulfur fertilizers. Furthermore, as the agriculture sector plays a pivotal role in an economy, governments of several countries are extending their support to agriculture by offering grants and subsidies, which, in turn, is propelling the market growth. Moreover, leading players are introducing advanced fertilizers, such as elemental sulfur enriched NPK fertilizers, that can be applied on nutrient-poor soil with a light texture. These innovations are creating a favorable market outlook.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sulfur fertilizers market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, cultivation type, crop type, form and mode of application.

Breakup by Type:

Sulphate Fertilizers
Elemental Sulfur Fertilizers
Liquid Sulfur Fertilizers
Others

Breakup by Cultivation Type:

Conventional Agriculture
Controlled Environment Agriculture

Breakup by Crop Type:

Cereals and Grains
Oilseeds and Pulses
Fruits and Vegetables
Others

Breakup by Form:

Dry
Liquid

Breakup by Mode of Application:

Soil
Foliar
Fertigation

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:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Achema, 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 and Yara International ASA.

Key Questions Answered in This Report:
How has the global sulfur fertilizers market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global sulfur fertilizers market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the cultivation type?
What is the breakup of the market based on the crop type?
What is the breakup of the market based on the form?
What is the breakup of the market based on the mode of application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global sulfur fertilizers market and who are the key players?
What is the degree of competition in the industry?