Sulfur Fertilizer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Sulfur Fertilizer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Global Sulfur Fertilizer Market is estimated to register a CAGR of 4.7% during the forecast period (2020-2025). Major factors driving the growth of the sulfur fertilizer market are the rising demand from the fertilizer manufacturing sector. Rising demand from the fertilizer manufacturing sector is expected to grow during the forecast period. The main factors which will drive the market are Sulphur deficiency in soil across the globe and specific crops prone to Sulphur deficiency. On the flip side, stringent environmental regulations regarding emissions are expected to hinder the market growth. Europe and North America have a significant consumption of sulfur currently, while rapid growth has been projected in the Asia-Pacific regions.

Key Market TrendsReduction in Sulfur Emission

Sulfur emission has decreased significantly over the last decades. For instance, In the United States, Sulfur dioxide emission (SO2) has fallen to 2.82 million tons in 2017 from 31.22 million tons in 1970. The reduction in sulfur dioxide is mainly due to the Clean Air Act, which includes the implementation of the Acid Rain Programme. As the Clean Air Act is progressing positively, there has been a reduction in sulfur emission, so the amount of atmospheric sulfur deposited in the soil is only 25%. Crops are now deficient with sulfur and in the future, more deficiency of sulfur will continue due to the Clean Air Act which will drive the sulfur macronutrients market during the forecast period.

The Asia-Pacific Region is Expected to Dominate the Market

North America dominates the market and holds the highest market share. Large agriculture area and awareness about the use of sulphur is the main reason for the growth of the specific market. The Asia-Pacific is projected to be the fastest-growing market as the region is driven by the increasing demand for high-quality agriculture produce with the increase in agriculture practices.

Competitive Landscape

The global sulfur fertilizer market is slightly fragmented, with various small and medium-sized companies coining smaller shares. Global market players, such as Yara International, Nutrien Ltd, and Coromandel International are the leading market players in the segment, while smaller companies, such as Rural Liquid Fertilizers and Nutri-Tech Solutions also account for a formidable share in the market.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Nufarm
Haifa Chemicals
K+S Aktiengesellschaft
The Mosaic Company
Coromandel International
Yara International
Nutrien
Deepak Fertilisers and Petrochemicals
Israel Chemicals Ltd.
Koch Industries

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