The global sulfur fertilizers market was valued at $3.5 billion in 2018 and is projected to reach $4.1 billion by 2026, growing at a CAGR of 2.2% from 2019 to 2026. Sulfur fertilizer is an essential plant nutrient that is used in the agriculture sector to improve the crop yield. Sulfur plays an important role in plant growth and development such as formation of chlorophyll, protein, synthesis of oils, and activation of enzymes. Legumes, oil crops, vegetables, and forages require more Sulfur than phosphorus for optimal quality and yield. Plants use sulfur in the sulfate form (SO4-S). Pale yellow or light green leaves as well as fruits that do not ripen completely and remain light green in color are the symptoms in plants that show Sulfur deficiency.
The need for Sulfur fertilizers is increasing at a considerable rate, owing to upsurge in demand in the agriculture sector for higher productivity, In addition, degradation of soil quality, increase in Sulfur deficiency in soil, surge in use of Sulfur in fungicides & insecticides, and a rise in food demand to meet the needs of growing population are the key factors that drive the growth of the global sulfur fertilizers market. However, lower farm income, decline in commodity prices, and an increase in trend of organic food consumption are the major restraints of the market.
The global sulfur fertilizers market is segmented into type, type of agriculture, and region. Deadening on type sulfur fertilizers market is classified into ammonium sulphate, single superphosphate, sulphate of potash, ammonium nitrate-sulphate, and sulphate containing compound fertilizers. On the basis of type of agriculture, the market is classified into controlled environment agriculture, conventional agriculture, and others. Conventional agriculture crops include cereals & grains, oilseeds & pulses, and fruits & vegetables. Controlled environment agriculture is aquaponics, vertical farming, greenhouse, aeroponics, and hydroponics. The controlled environment method is widely used in the agriculture sector as compared to traditional methods, owing to the fact that crops cultivated in controlled environment grow significantly faster, require less water, and are healthier.
Region wise, the global sulfur fertilizers market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Increase in agricultural practices and requirement of high-quality agricultural fertilizers are the key factors that boost the growth of the Asia-Pacific Sulfur fertilizers market.
The key players operation in the sulfur fertilizers market include Nutrient, Ltd., The Mosaic Company, Yara International, Mitsui & Co., Ltd., Achema, Royal Dutch Shell plc, Kugler Company, Sulfur Mills Limited, and Israel Chemicals Limited. These players have been adopting various strategies to achieve leading positions in the market. Agreement is the most adopted strategy by the players including Yara international and Royal Dutch Shell plc.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Type
By Type of Agriculture
By Region
Key Players
The need for Sulfur fertilizers is increasing at a considerable rate, owing to upsurge in demand in the agriculture sector for higher productivity, In addition, degradation of soil quality, increase in Sulfur deficiency in soil, surge in use of Sulfur in fungicides & insecticides, and a rise in food demand to meet the needs of growing population are the key factors that drive the growth of the global sulfur fertilizers market. However, lower farm income, decline in commodity prices, and an increase in trend of organic food consumption are the major restraints of the market.
The global sulfur fertilizers market is segmented into type, type of agriculture, and region. Deadening on type sulfur fertilizers market is classified into ammonium sulphate, single superphosphate, sulphate of potash, ammonium nitrate-sulphate, and sulphate containing compound fertilizers. On the basis of type of agriculture, the market is classified into controlled environment agriculture, conventional agriculture, and others. Conventional agriculture crops include cereals & grains, oilseeds & pulses, and fruits & vegetables. Controlled environment agriculture is aquaponics, vertical farming, greenhouse, aeroponics, and hydroponics. The controlled environment method is widely used in the agriculture sector as compared to traditional methods, owing to the fact that crops cultivated in controlled environment grow significantly faster, require less water, and are healthier.
Region wise, the global sulfur fertilizers market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Increase in agricultural practices and requirement of high-quality agricultural fertilizers are the key factors that boost the growth of the Asia-Pacific Sulfur fertilizers market.
The key players operation in the sulfur fertilizers market include Nutrient, Ltd., The Mosaic Company, Yara International, Mitsui & Co., Ltd., Achema, Royal Dutch Shell plc, Kugler Company, Sulfur Mills Limited, and Israel Chemicals Limited. These players have been adopting various strategies to achieve leading positions in the market. Agreement is the most adopted strategy by the players including Yara international and Royal Dutch Shell plc.
KEY BENEFITS FOR STAKEHOLDERS
- The report outlines the current sulfur fertilizers market trends and future scenario of the Sulfur fertilizers market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries in the region have been mapped according to their individual revenue contribution in the sulfur fertilizers market analysis at the regional and country-level market.
- The key drivers, restraints, and sulfur fertilizers market opportunities and their detailed impact analyses are elucidated in the study.
- The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
By Type
- Ammonium Sulphate
- Single Superphosphate
- Sulphate of Potash
- Ammonium Nitrate-Sulphate
- Sulphate Containing Compound Fertilizers
By Type of Agriculture
- Conventional Agriculture
- Controlled Environment Agriculture
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Russia
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- Australia
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Players
- Nutrient, Ltd.
- The Mosaic Company
- Yara International
- Mitsui & Co., Ltd.
- Achema
- Royal Dutch Shell plc
- Kugler Company
- Sulfur Mills Limited
- Israel Chemicals Limited
Frequently Asked Questions about the Global Sulfur Fertilizers Market
What is the estimated value of the Global Sulfur Fertilizers Market?
What is the growth rate of the Global Sulfur Fertilizers Market?
What is the forecasted size of the Global Sulfur Fertilizers Market?
Who are the key companies in the Global Sulfur Fertilizers Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 269 |
| Published | March 2020 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 3.5 billion |
| Forecasted Market Value ( USD | $ 4.1 billion |
| Compound Annual Growth Rate | 2.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SULFUR FERTILIZERS MARKET, BY TYPE
CHAPTER 5: SULFUR FERTILIZERS MARKET, BY TYPE OF AGRICULTURE
CHAPTER 6: SULFUR FERTILIZERS MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES:
Executive Summary
According to this report titled, 'Sulfur fertilizers Market by Type and Type of Agriculture: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global sulfur fertilizers market was valued at $3.5 billion in 2018 and is projected to reach $4.1 billion by 2026, growing at a CAGR of 2.2% from 2019 to 2026.Sulfur fertilizers contain sulfur which plays an important role in boosting plant metabolism. Sulfur is important for the formation of plant proteins, amino acids, some vitamins and enzymes. The requirement for sulfur fertilizer is exp anding at an impressive rate, due to growing population and demand for food. This in turn is boosting demand for producing higher efficiency crops. Hence, use of fertilizer such as sulfur fertilizer is increasing in agriculture. Use of sulfur in fungicides and bug sprays and increasing use of sulfur in nourishment is also expected to drive the growth of the market.
The global sulfur fertilizers market is segmented into type, type of agriculture, and region. Depending on type sulfur fertilizers market is classified into ammonium sulphate, single superphosphate, sulphate of potash, ammonium nitrate-sulphate, and sulphate containing compound fertilizers. The single superphosphate segment was the highest contributor to the market and is estimated grow with a CAGR of 1.6% during the forecast period. The ammonium nitrate-sulphate segment is estimated to grow with the highest CAGR of 5.4%.
Based on type of agriculture, the sulfur fertilizers market is classified into controlled environment agriculture, conventional agriculture, and others. The controlled environment agriculture segment was the highest contributor to the market and is estimated to grow with a CAGR of 2.2% during the forecast period. The conventional agriculture segment is estimated to be the fastest growing segment and is predicted to grow with a CAGR of 2.4%.
Region wise, the global sulfur fertilizers market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue contributor and is expected to grow with a CAGR of 2.6%. Asia-Pacific and North America collectively accounted for around 76.1% share in 2018, with the former constituting around 60.2% share.
The key players operating in the sulfur fertilizers market include Royal Dutch Shell plc, Israel Chemical Limited, Yara International, Nutrient, Ltd., The Mosaic Company, Mitsui, Co., Ltd. among others. In order to stay competitive, these market players are adopting different strategies such as product launch, partnership, merger and acquisition. For instance, Yara signed collaboration agreement with Nel ASA related to green fertilizer project. This project is aimed to realize zero emission fertilizer production using innovative solutions and cost-efficient hydrogen production from electrolysis based on renewable energy.
According to Eswara Prasad, Manager, Material & Chemical s, “Sulfur is a vital nutrient for plants in the growth process. The plants take up sulfur in its ion form. It is an essential nutrient for crops such as alfalfa, potatoes, dry beans, canola and field peas. From many years sulfur emitting from several industrial processes was considered for growth of plant and trees. But, due to stringent rules and regulation regarding emissions of sulfur and related products, the concentration of sulfur in the soil and atmosphere is depleting hence, the deficiency. Sulfur deficiency symptoms include light green color that is similar to nitrogen deficiency. Owing to this deficiency the use of sulfur -based fertilizers has increased and thus, is driving the sulfur fertilizers market growth.”
KEY FINDINGS OF THE STUDY
- In 2018, the Asia-Pacific market held a share of over 60.18% in the global sulfur fertilizers market.
- The U.S. and Mexico collectively accounted for around 88.5% share in the North America sulfur fertilizers market in 2018.
- The China and Japan collectively accounted for around 59.0% share in the Asia-Pacific sulfur fertilizers market in 2018.
- The single superphosphate and ammonium sulphate segments collectively accounted for around 72.0% of sulfur fertilizers market share in 2018.
Companies Mentioned
- Nutrient Ltd.
- The Mosaic Company
- Yara International
- Mitsui & Co. Ltd.
- Achema
- Royal Dutch Shell plc
- Kugler Company
- Sulfur Mills Limited
- Israel Chemicals Limited
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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