Sulfur Fertilizers Market: Key Factors Fueling the Market Growth and Global Players

The global sulfur fertilizers market is estimated to be valued at USD 4.6 billion in 2020 and is projected to reach a value of USD 5.1 billion by 2025, recording a CAGR of 2.2% during the forecast period. Factors such as the increase in sulfur deficiencies in the soil and high consumption of traditional sulfate fertilizers are projected to drive the growth of the sulfur fertilizers market.

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The sulfates segment is projected to be the largest segment in the sulfur fertilizers market during the forecast period.

Sulfate containing fertilizers offer advantages of providing sulfur in sulfate form, which is readily available for plant uptake. Sulfate-S is mobile in most soils, as it has a double negative charge and repels the negative charge of the soil, unlike nutrients, such as potassium, calcium, or magnesium. Sulfate form moves freely with soil moisture, particularly in the upper levels of the soil profile. The most readily available source of sulfate fertilizers is ammonium sulfate (AS), single superphosphate (SSP), potassium sulfate, and potassium and magnesium sulfate.

The soil segment is estimated to account for the largest share in 2019.

The soil application of sulfur fertilizers is the most commonly used mode of application due to the reduced cost of overall applications. Sulfur fertilizers can be applied in the soil through techniques, such as a broadcast, which helps in the uniform distribution of fertilizers on the soil surface. Widespread sulfur deficiencies in soils is a key factor that is projected to encourage the use of sulfur fertilizers through application in soils. Fertilizer manufacturers have introduced new products that can be broadcasted or banded to meet the increasing demand for sulfur.

The dry segment is projected to witness the fastest growth, in terms of value, in the sulfur fertilizers market from 2019 to 2025.

The advantage of using dry fertilizers is that they have an extended shelf life and can provide nutrition to plants over an extended period of time. Thus, the increase in the consumption of granular or powdered sulfur fertilizers is a key factor that is projected to drive the growth of the dry segment in the sulfur fertilizers market. Furthermore, the launch of elemental sulfur enriched NPK fertilizers has also led to a high demand for the dry form of sulfur fertilizers.

Key players in this market include Nutrien, Ltd. (Canada), Yara International ASA (Norway), The Mosaic Company (US), ICL (Israel), and K+S Aktiengesellschaft (Germany). These players are focusing on increasing their presence through undertaking expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. They have a strong presence in North America, Asia Pacific, and Europe. In addition, they have their manufacturing facilities, along with strong distribution networks, in these regions.

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