Sulfur Fertilizers Market Size was valued at USD 3.57 billion in 2023. The sulfur fertilizers market industry is projected to grow from USD 3.64497 Billion in 2024 to USD 4.21 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 1.82 % during the forecast period (2024 - 2032). The demand for crops susceptible to sulfur depletion and the rise in sulfur deficiency in the soil are the key market drivers enhancing the market growth. One of the significant drivers of market expansion is the rising level of new agricultural production and the decline in sulfur output, which affects the demand for more sulfur.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Growing demand for agro products is driving the market growth
Market CAGR for sulfur fertilizers is being driven by the rising demand for agro products due to urbanization. Historically, there has been a consistent need for agricultural goods. The only things that people were producing and growing were what they needed to survive. There is a greater need today than ever, and it is growing rapidly. This rise is due to the growth of urban areas around the world, which has brought about a variety of socioeconomic developments that have raised the need for food, clothing, and housing. Over the past century, urbanization has risen dramatically in most Western Hemisphere nations. The proportion of people living in cities increased from 35% to 62% between 2011 and 2021.
As more people move into urban areas, more land is needed for agriculture, leading to a shortage of agricultural products. People decide to relocate to cities for a variety of reasons. This decreased the total amount of arable land and increased the demand for the available resources. As a result, farmers are beginning to experience more pressure from the market to meet the rising demand for agricultural produce. In accordance with this, they have begun utilizing a variety of fertilizers, including sulfur fertilizers, to make up for the soil's dropping sulfur content and increase crop production.
governments are concentrating on growing their agriculture industries. While government laws like the Indian government's Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) would aid in expanding the agricultural industry. Three equal payments of Rs. 2000 each are made to all farmer families nationwide every four months as part of the Scheme, which provides annual income support of Rs. 6000 to help them concentrate more on farming. The demand for sulfur fertilizers will also expand along with the agricultural industry. Thus, driving the sulfur fertilizers market revenue.
The sulfur fertilizers market segmentation, based on type, includes sulfate, elemental sulfur, sulfate of micronutrients and others. In 2022, the sulfate category held the biggest market share, and it is anticipated that it will continue to dominate industry growth throughout the analysis. Due to the strong demand for sulfate compared to other sulfur fertilizers, sulfate is easily accessible to plants and crops in the soil.
Additionally, in 2022, elemental sulfur witnessed the fastest growth rate. The elemental sulfur sector is primarily driven by the rising demand from end-use sectors like agrochemical, petroleum refining, and rubber manufacturing firms.
June 2021: Northern Nutrients, a Canadian company, revealed plans to build a new sulfur production plant using Royal Dutch Shell's Thiogro technology, transforming micronized elemental sulfur into urea granules. Along with urea, the method can incorporate micronized elemental sulfur and sulfate sulfur into phosphate fertilizers such as MAP, DAP, TSP, and various NPKs.
The sulfur fertilizers market segmentation, based on form, includes dry and liquid. The dry segment held the largest market share in 2022 and is anticipated to grow at a healthy CAGR over the forecast period. Compared to liquid fertilizers, the dry form is simpler and has a longer shelf life. These are reasonably priced, and their use in this form is widespread. In 2022, liquid sulfur experienced the fastest growth rate. The product's yield and quality grow due to liquid sulfur's ability to maintain the plant's health and vitality.
The sulfur fertilizers market segmentation, based on the mode of application, includes foliar, fertigation and soil. In 2022, soil category dominated the market. In comparison to foliar and fertigation applications, soil application is the most cost-effective method and helps lower the overall fertilizer application cost. The foliar fertilizer was the fastest-growing sector in the forecast period. Foliar fertilizer was introduced as the ultimate plant care remedy for several problems, including nutrition deficiency, illness, and supplement deficiency.
Figure 1: Sulfur Fertilizers Market, by Mode of Application, 2022 & 2032 (USD billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The sulfur fertilizers market segmentation, based on crop type, includes cereals & grains, oilseeds & pulses, fruits & vegetables and others. In 2022, oilseeds and pulses acquired the major market share. For many people in underdeveloped nations, oilseeds and pulses are stapled crops that are farmed in semi-arid tropical climates. More oilseeds and pulses are consumed in these areas than cash crops. Furthermore, in 2022, the vegetable sector saw significant growth. To produce more yield and effective goods on the available arable land, vegetable fertilizers have become increasingly popular due to the high demand for vegetables.
By Region, the report provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American sulfur fertilizers area will dominate this market. More than 90% of the market value and volume for sulfur fertilizers in North America are accounted for by the United States and Canada. Farmers were able to maximize the advantages of fertilizers thanks to current scientific and technological developments in the field.
Further, the leading countries studied in the market report are U.S., Canada, France, German, Italy, UK, Spain, Japan, China, Australia, India, South Korea, and Brazil.
Figure 2: SULFUR FERTILIZERS MARKET SHARE BY REGION 2022 (%)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Asia-Pacific sulfur fertilizers market accounts for the second-largest market. Asia produces a variety of important crops, including rice, sugar beetroot, fruits, vegetables, cereals, and grains; 90% of the world's rice production is used in this region. With the direct use of micronutrients to address plant shortages and their frequent use with other fertilizers or additives, there is a significant need for sulfur fertilizers in Asia. Moreover, China’s sulfur fertilizers market held the largest market share, and the Indian sulfur fertilizers market was the fastest-growing market in the Asia-Pacific region.
Europe’s Sulfur Fertilizers Market is expected to grow at the fastest CAGR from 2023 to 2032. The market will be driven by factors including the expanding population's need for increased food output and productivity while the amount of land under cultivation is declining. The use of sulfur fertilizers will rise along with modern farming techniques. Further, the German sulfur fertilizers market held the largest market share, and the UK sulfur fertilizers market was the fastest-growing market in the European region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the sulfur fertilizers market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the sulfur fertilizers industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the sulfur fertilizers industry to benefit clients and increase the market sector. In recent years, the sulfur fertilizers industry has offered some of the most significant advantages to medicine. Major players in the sulfur fertilizers market, including The Mosaic Company (US), Deepak Fertilizers and Petrochemicals Ltd. (India), Yara International ASA (Norway), Koch Industries, Inc. (US). and others, are attempting to increase market demand by investing in research and development operations.
Nouryon manufactures and distributes specialty chemicals for the food, pulp, paper, electronics, and agricultural industries. Customers can obtain bleaching chemicals, specialist oxidants, polymer additives, organic peroxides, and metal alkyls at reasonable costs from the company. In September 2022, Nouryon manufactured and distributed specialty chemicals for the food, pulp and paper, electronics, and agricultural industries. Customers can obtain bleaching chemicals, specialist oxidants, polymer additives, organic peroxides, and metal alkyls at reasonable costs from the company.
EuroChem Group AG is a fertilizer manufacturer based in Switzerland. It produces and sells agricultural chemicals. It manufactures nitrogen, phosphate, and NPK fertilizers and provides feed phosphates, industrial acids, and raw mineral materials. It serves customers all across the world. EuroChem Group has production, logistics, and distribution facilities in Russia, Belgium, Lithuania, Brazil, China, Kazakhstan, Estonia, Germany, and the United States. In February 2022, EuroChem Group announced the completion of its acquisition of the Serra do Salitre phosphate project in Brazil. On February 22, EuroChem formally took over the advanced-stage mine and factory in Minas Gerais.
Sulfur Fertilizers Industry Developments
September 2021: Yara Suomi Oy announced the acquisition of Ecolan Oy, a Finnish producer of recycled fertilizers. This is Yara's first organic fertilizer acquisition, demonstrating their commitment to expanding our role in organic farming and contributing to the circular economy. Yara collaborates with partners across the food value chain to improve the efficiency and sustainability of food production.
March 2020: Mosaic and the Technology Research Centre (FTRC) at the University of Adelaide in Australia have signed a new five-year collaboration to improve fertilizer efficiency and reduce environmental impact. Mosaic has been working with FTRC for 13 years, and the contract will be extended through the end of 2024.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 3.57 billion |
| Market Size 2024 | USD 3.64497 billion |
| Market Size 2032 | USD 4.21 billion |
| Compound Annual Growth Rate (CAGR) | 1.82 % (2024-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Market Competitive Landscape, Revenue Forecast, Growth Factors, and Trends |
| Segments Covered | Type, Form, Mode of Application, and Crop Type. |
| Geographies Covered | Asia Pacific, North America, Europe, and the Rest of the World |
| Countries Covered | U.S., Canada, France, German, Italy, UK, Spain, Japan, China, Australia, India, South Korea, and Brazil. |
| Key Companies Profiled | The Mosaic Company (US), Deepak Fertilizers and Petrochemicals Ltd. (India), Yara International ASA (Norway), and Koch Industries, Inc. (US). |
| Key Market Opportunities | The emergence of elemental sulfur-enriched NPK fertilizers |
| Key Market Dynamics | Increased soil sulfur deficiency to fuel market expansion |
Sulfur Fertilizers Market Highlights:
Frequently Asked Questions (FAQ) :
The sulfur fertilizers market size was valued at USD 3.5 Billion in 2022.
The market is anticipated to expand at a CAGR of 1.82 % from 2024 to 2032.
North America had the major share of the market.
The key players in the market are The Mosaic Company (US), Deepak Fertilizers and Petrochemicals Ltd. (India), Yara International ASA (Norway), and Koch Industries, Inc. (US).
The sulfate fertilizers category dominated the market in 2022.
The oilseeds and pulses had the largest share of the market.
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