New York, United States , March 12, 2024 (GLOBE NEWSWIRE) -- The Global Sulphur Fertilizers Market Size is to Grow from USD 4.5 Billion in 2023 to USD 5.62 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 2.25% during the projected period.
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Fertilizer containing sulphur is necessary for several plant growth processes, such as nitrogen metabolism, enzyme activity, and the synthesis of proteins and oils. Low-sulphur plants usually have short, wiry stems and yellowed immature leaves at the top. When there is a nitrogen deficit, yellowing mostly affects the older, lower leaves. Moreover, young canola leaves lacking in sulphur may exhibit extensive and upward cupping, delayed or prolonged flowering, pale-coloured flowers, and fewer, smaller pods. Furthermore, a primary driver of the worldwide sulphur fertilizer market's expansion is the growing demand from the fertilizer manufacturing industry. Growing demand from the fertilizer manufacturing sector is expected to occur over the projection period. Farmers are becoming increasingly aware of the importance of sulphur in achieving optimal crop yields, which is driving up demand for sulphur fertilizers globally. Modern agricultural techniques have improved the importance of sulphur because high-yield farming and the use of high-analysis fertilizers have gradually exhausted soil sulphur. Market participants stand to gain from the global market for sulphur fertilizers. However, the government promotes fertilizer-free agricultural production through strict laws and product inspections for organic certification. These elements restrict the industry's potential for growth in the sulphur fertilizers sector.
Browse key industry insights spread across 200 pages with 120 Market data tables and figures & charts from the report on the "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."
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The sulphates segment is anticipated to hold the greatest share of the global sulphur fertilizers market during the projected timeframe.
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 anticipated to hold the greatest share of the global sulphur fertilizers market during the projected timeframe. This is due to the widespread application of both new and traditional sulphate fertilizers, such as potassium sulphate, sulphates of micronutrients, sulphates of ammonium phosphate sulphate, and single superphosphate.
The oilseeds & pulses segment is anticipated to grow at the fastest pace in the global sulphur fertilizers market during the projected timeframe.
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 anticipated to grow at the fastest pace in the global sulphur fertilizers market during the projected timeframe. This is expected as pulses and oilseeds have particular nutritional needs. Since sulphur is involved in many physiological processes, including the production of proteins, it is a crucial nutrient for many crops.
The dry segment is predicted to grow at the highest pace in the Sulphur Fertilizers market during the estimated period.
Based on the form, the global sulphur fertilizers market is divided into dry, and liquid. Among these, the dry segment is predicted to grow at the highest pace in the sulphur fertilizers market during the estimated period. This is a result of its inexpensive pricing and lengthy shelf life. Moreover, among the dry sulphur fertilizers that are widely used globally are ammonium sulphate, single superphosphate, ammonium phosphate sulphate, and elemental sulphur.
The foliar segment is predicted to grow at the highest pace in the Sulphur Fertilizers market during the estimated 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 predicted to grow at the highest pace in the sulphur fertilizers market during the estimated period. This is because foliar treatments allow for faster plant uptake of nutrients as opposed to soil applications. This can be quite beneficial when there are dietary deficiencies or when a quick change is needed.
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Asia Pacific is expected to hold the largest share of the global sulphur fertilizers market over the forecast period.
Asia Pacific is expected to hold the largest share of the global sulphur fertilizers market over the forecast period. There are several developing nations in the area. The region's market has grown dramatically as a result of the large number of countries that rely on agricultural exports. India is at the forefront of a flourishing agriculture sector in Asia and the Pacific. India is the world's top producer of grains, cereals, milk, spices, and other agricultural goods that need fertilizer. The market is anticipated to grow as a result of the increased requirement for sulphur fertilizers to feed the world's growing population. A rising population and increasing income in both urban and rural regions have caused a boom in the need for crop protection sulphur fertilizer. Moreover, a broader application of fertilizers has resulted from the farming community's greater expertise.
North America is predicted to grow at the fastest pace in the global sulphur fertilizers market during the projected timeframe. This is because of its high population; North America has a greater need for food production. The desire for higher agricultural production has surged due to worries about food security, driving market expansion. The sulphur fertilizer sector can greatly benefit from multipurpose fertilizers, such as those composed of compound fertilizers rich in sulphur and providing a range of minerals.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market 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. Major vendors in the Global Sulphur Fertilizers Market include 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.
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Recent Developments
- In October 2023, the system's conformity with FAMI-QS for the safety and quality management of ingredients used in the manufacturing and sale of specialized feed was demonstrated by EuroChem's completion of a certification audit.
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, Regional Analysis
- 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
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