Sulfur Fertilizers Market
Sulfur Fertilizers Market - Global Industry Assessment & Forecast
- By Type Sulfates, Elemental Sulfur, Liquid Sulfur Fertilizers
- By Crop Type Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others
- By Form Dry, Liquid
- By Mode of Application Soil, Foliar, Fertigation
- By Cultivation Type Open Field, Controlled-Environment Agriculture
- By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
|Forecast Years:||2022 - 2028|
|Historical Years:||2016 - 2021|
|Revenue 2021:||USD 4.71 Billion|
|Revenue 2028:||USD 5.52 Billion|
|Revenue CAGR (2022 - 2028):||2.2%|
|Fastest Growing Region (2022 - 2028)||Asia Pacific|
|Largest Region (2021):||Asia Pacific|
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Sulfur Fertilizers Market: By Type, Crop Type, Mode of Application, Form, Cultivation Type, and Region
Global Sulfur Fertilizers Market is valued at USD 4.71 Billion in 2021 and estimated to reach a value of USD 5.52 Billion by 2028 at a CAGR of 2.2% during the forecast period, 2022–2028. From the last few years, the Global Sulfur Fertilizers Market has been witnessing a tremendous growth due to increasing demand from end users such as producers of major crops and horticultural products. In addition, government initiatives around the world encouraging efficient use of fertilizers have fostered the growth of this market over the years. In the next few years, this market is expected to grow further due to the rise in demand for Sulfur Fertilizers from emerging economies such as China and India.
Sulfur Fertilizers Market Size, 2021 To 2028 (USD Billion)
Growing Demand for Agricultural Products Due to Urbanization and Changing Demographics to Drive Growth of Sulfur Fertilizers Market
In the past, demand for agricultural products has been steady. People were farming and growing what they needed to survive and little else. Nowadays, there is a bigger demand than ever before in history and it is increasing at an alarming rate. This increase stems from the development of cities all over the world bringing with it many different socioeconomic changes that result in an increased demand for food, clothing and shelter.
Most countries in the Western hemisphere have experienced a dramatic increase in urbanization over the last century. From 2011 to 2021, the percentage of people living in cities rose from 35% to 62%. As more people migrate into the cities, less land is used for agriculture and agricultural products become scarce. There are many reasons why people choose to move into the cities. This reduced the total arable land and put pressure on existing resources. As a result, the global market has started witnessing increased pressure on farmers to meet the growing demand for agricultural output. In line with this, they have started using all kind of fertilizers including Sulfur Fertilizers to meet the declining percentage sulfur in soil and improve the crop yield.
Rising Concerns about Acid Rain and Climate Change May Hamper the Growth of Sulfur Fertilizers Market During the Forecast Period
The majority of, if not all, industrialized countries have been trying to find ways to minimize or even reduce air pollution. The problem with air pollution is that it can affect both the environment and human health. One of the main causes of environmental problems such as acid rain and climate change is due to hazardous gases which are released into the atmosphere. There are many types of hazardous gases but sulfur dioxide and its compound, sulfate, is widely recognized as one of the main causes of acid rain and climate change. Sulfur dioxide is released into the atmosphere when fuel containing sulfur are burnt. Sulfate is formed when sulfur dioxide reacts with water vapor in the air.
Global Sulfur Fertilizers Market has been segmented on the basis of type, crop type, and region. Based on type, it is divided into elemental S (Sulfur) and sulfate. The sulfate segment accounted for more than half of the market in 2020, whereas elemental Sulfur Fertilizers are expected to grow at a faster rate during the forecast period. moreover, sulfate fertilizers have been widely used due to their high efficiency. In terms of crop type, the market has been segmented into cereals & grains, fruits & vegetables, and others.
Below tree is interactive. You can click the nodes to get more information.
Asia Pacific is the Largest Sulfur Fertilizers Market
As much as 40% of total global fertilizer consumption takes place in Asia Pacific region (excluding China) at present whereas 10 years ago Europe was consuming more than Asia Pacific. On average each country in Asia Pacific consumed over 1 million metric tons of fertilizer product in 2020. The use of sulfur fertilizer has increased by 200% since 2000 and Asia Pacific accounts for around 60% of this increase. China on its own contributes to 20 million metric tons annually as compared to Japan's 8 million metric tons per year. The top sulfate fertilizer consuming countries in Asia Pacific are India and China.
Some of the major players in the market include Yara International ASA (Norway), Nutrien, Ltd. (Canada), ICL (Israel), The Mosaic Company (US), and K+S Aktiengesellschaft (Germany).
Sulfur Fertilizers Market has been segmented as follows:
Regions & Countries Covered
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
Sulfur Fertilizers Market has been tabulated as follows:
Frequently Asked Question
The global Sulfur Fertilizers valued at USD 4.71 Billion in 2020 and is expected to reach USD 5.52 Billion in 2028 growing at a CAGR of 2.2%.
The prominent players in the market are Yara International ASA (Norway), Nutrien, Ltd. (Canada), ICL (Israel), The Mosaic Company (US), and K+S Aktiengesellschaft (Germany)..
The market is project to grow at a CAGR of 2.2% between 2021 and 2028.
The driving factors of the Sulfur Fertilizers include
- Growing Demand for Agricultural Products Due to Urbanization and Changing Demographics
Asia Pacific was the leading regional segment of the Sulfur Fertilizers in 2020.