Global sulfur fertilizers market to reach USD 6.29 Billion by 2022

According to M&M' s new report, the sulfur fertilizers market is estimated to be valued at USD 5.47 Billion in 2017, and is projected to reach USD 6.29 Billion by 2022, at a CAGR of 2.84% from 2017. The market is driven by increase in demand for higher agricultural productivity and reduction in sulfur emission influencing the demand for added sulfur.

The sulfur fertilizers market, based on type, has been segmented into sulfate fertilizers, elemental sulfur fertilizers, and sulfates of micronutrients. The sulfate fertilizers dominated this market in 2016 due to its advantage of supplying sulfur primarily as a component of multi-nutrient fertilizers, in a form that is immediately available for plant uptake. The most readily available and popular sources are ammonium sulfate (AS), single superphosphate (SSP), potassium sulfate, and potassium & magnesium sulfate.

The sulfur fertilizers market, by formulation, has been segmented into liquid and dry. The dry formulation segment covered a relatively larger market share; this can be attributable to the nutrition it provides to plants over an extended period of time.

The sulfur fertilizers market, by application method, has been segmented into band, broadcast, seed row, foliar, and others. The band segment dominated the market in 2016, and is projected to be the fastest-growing by 2022. This is due to the increasing application of sulfate fertilizers by the banding method, where side-banding helps to provide maximum yield in crops such as canola.

Asia Pacific accounted for the largest market share, and is also projected to be the fastest-growing in the sulfur fertilizers market. The dominant share of the Asia Pacific region is attributed to the increase in agricultural practices and requirement of high-quality agricultural produce.

Increase in the trend of organic food consumption, depressed commodity prices, and lower farm income are the major restraints for this market.

The global market for sulfur fertilizers is dominated by large-scale players such as Agrium (Canada), Yara (Norway), The Mosaic Company (U.S.), Coromandel International (India), Israel Chemicals Ltd. (Israel), Eurochem (Switzerland), Potash Corp. of Saskatchewan (Canada), and K+S Atkiengesellschaft (Germany). Shell Sulfur Solutions (Netherlands), Sulfur Mills Limited (India), Koch Fertilizers (U.S.), and Deepak Fertilizers and Petrochemicals Corporation Limited (India) are a few other key market players that also have a significant share in the sulfur fertilizers market.

Know more details of the report:
Sulfur Fertilizers Market by Type (Sulfate, Elemental Sulfur, Sulfates of Micronutrients), Crop Type (Conventional Agriculture, Controlled Environment Agriculture), Application Method, Formulation, and Region - Forecast to 2022