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A recent report published by Infinium Global Research on sulfur fertilizers market provides in-depth analysis of segments and sub-segments in global as well as regional sulfur fertilizers market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional sulfur fertilizer market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global sulfur fertilizers market. According to the report, the global sulfur fertilizers market is projected to grow at a CAGR of 2.6% over the forecast period of 2018-2024.
Sulfur fertilizers is an essential plant nutrient required by all crops for optimum production. Plants take up and use S in the sulfate (SO4-S) form, which like nitrate (NO3-N), is very mobile in the soil and is prone to leaching in wet soil conditions, particularly in sandy soils. Sulfur deficiencies are becoming increasingly common around the globe, due to its bleaching properties. Deficiencies can be easily corrected with fertilizers containing sulfate (S04). Generally, S is the third most limiting soil nutrient in cereal, oilseed, and forage crop production. Simply, it is the third most important soil nutrients after nitrogen (N), and phosphorus (P).
Sulfur fertilizers play several important functions in the plant such as it helps to the formation of chlorophyll that permits photosynthesis through which plants produce starch, sugars, oils, fats, vitamins, and other compounds, also it helps in synthesis in oil. Additionally, it is useful in the activation of enzymes, which aid in biochemical reactions in the plant. It increases crop yields and improves product quality, both of which determine the market price a farmer would get for his produce. It improves protein and oil percentage in seeds, cereal quality for milling and baking, marketability of dry coconut kernel (copra), quality of tobacco, the nutritive value of forages, etc. Increase in the trend of organic food consumption, depressed commodity prices, regulated pricing policy, and lower farm income are the major restraints for this market.
On the basis of region, the global sulfur fertilizers market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia-Pacific dominates the global sulfur fertilizers market. The market in the Asia-Pacific region is driven by the growing application of sulfur fertilizer for better quality farm produce, growing awareness about benefits of sulfur fertilizers among farmers, and impetus by the several governments for the application of sulfur fertilizers with nitrogen and potassium.
The report on global sulfur fertilizers market covers segments such as type, formulation, application method, and crop type. On the basis of the type the global sulfur fertilizers market is categorized into sulfate fertilizer markets, elemental sulfur fertilizers markets, sulfates of micronutrients and others. On the basis of formulation, the global sulfur fertilizers market is categorized into the liquid formulation and dry formulation. On the basis of application method the global sulfur fertilizers market is categorized into the band, broadcast, seed row, foliar and others. On the basis of crop type, the global sulfur fertilizers market is categorized into conventional agriculture and controlled environment agriculture.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global sulfur fertilizers market such as Agrium Inc., Yara International ASA, The Mosaic Company, Coromandel International Limited, ICL Fertilizers Ltd., K+S Aktiengesellschaft, Potash Corporation of Saskatchewan Inc., EuroChem Group AG, Deepak Fertilisers & Petrochemicals Corporation Limited, and Kugler Company.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global sulfur fertilizers market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of sulfur fertilizers market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the sulfur fertilizers market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the sulfur fertilizers market to understand the present and future trends in this market and formulate their strategies accordingly.
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