Global Sulfur Fertilizers Market Research Report: Information By Type (Sulfate, Elemental Sulfur, Sulfate of Micronutrients and Others), Form (Dry and Liquid), Mode of Application (Foliar, Fertigation and Soil), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Others) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2028

Market Scenario

Global Sulfur Fertilizers Market size is expected to cross USD 4 Billion by 2028 at a CAGR of 2.1% during the forecast period of 2021 to 2028. It is a market with perfect competition due to the presence of numerous buyers and manufacturers. The market is governed by several players operating at the local and regional levels. Prominent manufacturers are investing in expansion and research & development activities to upgrade their facilities and to launch new products with higher efficiency and application suitable for different crops.

Market Synopsis

Sulfur fertilizers are plant growth agrochemicals containing sulfur. They help in minimizing sulfur deficiency in crops and promote growth. The key determinant driving the growth of the sulfur fertilizers market is the increasing deficiency of sulfur in the soil. Sulfur fertilizers are added to the soil to replenish the lost sulfur. Additionally, the surging demand for high-quality agricultural produce is also boosting the sales of sulfur fertilizers across the globe.

Organic farming is gaining popularity over conventional farming globally. Owing to the increasing demand for organic products amongst the consumers, several farmers are shifting to organic farming from conventional farming. This shift has resulted in declining sales of conventional sulfur fertilizers, which in turn is negatively impacting the growth of the global sulfur fertilizers market.

Market USP

Increasing the sulfur content of sulfur-deficient soil

Market Drivers

• Increasing Deficiency of Sulfur in Soil: Sulfur deficiency often occurs in cold or wet soils as the sulfur does not mineralize and becomes readily available to the plants. Sulfur easily leaches out from the soil, resulting in its deficiency. Sulfur deficiency in soil can also be attributed to the increasing phosphorous levels in the soil. Due to the deficiency of sulfur, the young leaves of the plants are majorly affected, resulting in the irregular biosynthesis of methionine and cysteine in plant cells, which results in stunted growth and development of the plants, in turn, negatively impacting the crop yield. Thus, the decreasing sulfur content in the soil is a crucial determinant for encouraging farmers to added sulfur fertilizers, which in turn is driving the market growth.

• Surging Demand for High-Quality and High-Quantity Crop Produce

• Growing Awareness Regarding Precision Agriculture

Market Restraint

• Increasing Adoption of Organic Farming

Segmentation

By Type

• Sulfate: The segment accounted for the largest revenue share in 2019 and is expected to maintain its dominance during the forecast period. Sulfate fertilizers have a higher preference amongst the other types of sulfur fertilizers as sulfate is the most readily available form of sulfur for plants. Plants absorb sulfur from the soil in the form of sulfate. Owing to its molecular charge, sulfate can move easily in soil by repelling the same charge of soil particles. The most widely used sulfate fertilizers are potassium sulfate, ammonium sulfate, and magnesium sulfate.

• Elemental Sulfur

• Sulfate of Micronutrients

• Others

By Form

• Dry: The dry segment accounted for the larger market share in 2019 and is expected to register a higher CAGR during the forecast period. The segment’s dominance and growth can be attributed to the easy application of dry fertilizers and their extended shelf life. Dry sulfur fertilizers mainly include powdered and granulated fertilizers such as the elemental sulfur, which is contributing significantly to the growth of the segment.

• Liquid

By Mode of Application

• Foliar

• Fertigation

• Soil: Soil application of sulfur fertilizers is the most widely adopted mode of application. They can be applied through various techniques such as broadcasting, banded, and seed placement. Soil application of sulfur fertilizers helps in reducing the overall cost of fertilizer application.

By Crop Type

• Cereals & Grains: The segment accounted for the lion’s share in the global sulfur fertilizer market in 2019 and it is expected to continue to do so during the forecast period. Large production of cereals and grains across the globe is amongst the major factors contributing to the high use of sulfur fertilizers in the segment. Sulfur fertilizers are majorly applied through the broadcasting technique in cereals and grains, to overcome the sulfur deficiency in the soil.

• Oilseeds & Pulses

• Fruits & Vegetables

• Others

By Region

• North America

• Europe

• Asia-Pacific: Asia-Pacific is projected to gain the lion’s share in the global sulfur fertilizer market and grow with a notable CAGR during the forecast period. India, China, Indonesia, and Vietnam are among the major markets contributing to the regional market growth. Moreover, increasing awareness among farmers regarding the decreasing sulfur content in soil is also boosting the market growth in the region.

• Rest of the World

Key Players

• Yara International ASA (Norway)


• Nutrien, Ltd. (Canada)


• Koch Industries, Inc. (US)


• Deepak Fertilizers and Petrochemicals Ltd. (India)


• The Mosaic Company (US)


• ICL (Israel)


• Coromandel International Limited (India)


• Nufarm Limited (Australia)


• K+S Aktiengesellschaft (Germany)


• EuroChem Group (Switzerland)