Sulfur Fertilizers Market Research Report - Global Forecast till 2027

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 2027

ID: MRFR/AGR/8655-HCR | February 2021 | Region: Global | 90 pages

Please note that the assessment period of report has been updated from 2020-2026 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


Global Sulfur Fertilizers Market size is expected to cross USD 4 Billion by 2026 at a CAGR of 2.1% during the forecast period of 2020 to 2026. 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)



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 4 Billion
  CAGR   2.1% (2020-2026)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Form, Mode of Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities

  • Increasing demand for organic products amongst the consumers
  • Several farmers are shifting to organic farming from conventional farming
  •   Key Market Drivers

  • Increasing Deficiency of Sulfur in Soil
  • Surging Demand for High-Quality and High-Quantity Crop Produce
  • Growing Awareness Regarding Precision Agriculture


  • Frequently Asked Questions (FAQ) :


    Global Sulfur Fertilizers Market is anticipated to hold a value of USD 4 billion by the end of 2026.

    Global Sulfur Fertilizers Market is projected to expand at a CAGR of 2.1% by the end of 2026.

    Increasing the sulfur content of sulfur-deficient soil is the market USP of the Global Sulfur Fertilizers Market.

    Increasing usage of organic farming is the most crucial factor impeding the Global Sulfur Fertilizers Market.

    Yara International ASA (Norway), Nutrien, Ltd. (Canada), EuroChem Group (Switzerland), Koch Industries, Inc. (US), K+S Aktiengesellschaft (Germany), Deepak Fertilizers and Petrochemicals Ltd. (India), Nufarm Limited (Australia), The Mosaic Company (US), Coromandel International Limited (India), and ICL (Israel), are some of the renowned players of the global sulfur fertilizers market.