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2020

Sulfur Fertilizers Market

Sulfur Fertilizers Market Size, Share, Competitive Landscape and Trend Analysis Report by Type and Type of Agriculture : Global Opportunity Analysis and Industry Forecast, 2019-2026

MC : Renewable, Speciality and fine chemicals

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Author's: Ayushi Choudhary & Eswara Prasad | Eswara Prasad
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The global sulfur fertilizers market was valued at $3.5 billion in 2018 and is projected to reach $4.1 billion by 2026, growing at a CAGR of 2.2% from 2019 to 2026. Sulfur is an important nutrient in the growth and yield of healthy crops. It is increasingly used in seed oil crops and is usually incorporated in the form of sulfur dusts or pesticides.

The traditional and conventional agriculture have led to soil deterioration over time. The soil that is now being used for agriculture purposes lacks several essential minerals that offer productive environment for crops. The minerals required are added in the form of fertilizers. The main deficiencies are of nitrogen and sulfur. Thus, the use of sulfur-based fertilizers is on the rise. As the sulfur-based fertilizers offer lowered pH level for alkaline soils and also help crops in retaining moisture, the use of such fertilizers drives the sulfur fertilizers market growth. Liquid sulfur fertilizers is a secondary nutrient liquid which acts as a good plant food supplement. It worked as a fungicide and growth promoter for plants. Additionally, It aids in improving productivity related issues and reduces sulfur deficiency in soil and plants.

Sulphur Fertilizers Market

The awareness  related to use of several chemicals in agriculture is increasing. People are getting more alert towards the effects of  chemicals used in agriculture practices and their impact on health. The harmful effects of the chemicals involved in the cultivation of crops and food products have made people to opt for organic food. Thus, the shift towards organic food is being observed. These factors act as restraint for sulfur fertilizers market growth. However, the global sulfur fertilizers market is yet to explore its full potential. The population of the world is increasing rapidly, leading to increase in demand for food. The growing demand for food is further expected to raise the need for fertilizer, which in turn will increase the sulfur fertilizers market growth.

The global sulfur fertilizers market is segmented into type, type of agriculture, and region. Depending on type, the sulfur fertilizers market is classified into ammonium sulphate, single superphosphate, sulphate of potash, ammonium nitrate-sulphate, and sulphate containing compound fertilizers. The single superphosphate segment was the highest contributor to the market. Single superphosphate is one of the widely used fertilizer. It is employed prior to sowing and can be used for all types of crops. It offers best result if applied with potassium salt. It is mandatory that after application of single Superphosphate, soil should be mixed at the depth of ca. 10-15 cm under ground level. The ammonium nitrate-sulphate segment is estimated to grow with the highest CAGR during the forecast period.

Sulfur Fertilizers Market
By Type
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Ammonium Nitrate-Sulphate is projected as the fastest growing segment.

On the basis of type of agriculture, the market is classified into controlled environment agriculture, conventional agriculture, and others. The controlled environment agriculture segment was the highest contributor to the market. Controlled environment agriculture is aquaponics, vertical farming, greenhouse, aeroponics, and hydroponics.

The controlled environment method is widely used in the agriculture sector as compared to traditional methods, owing to the fact that crops cultivated in controlled environment grow significantly faster, require less water, and are healthier. The conventional agriculture segment is estimated to grow with the highest CAGR during the forecast period. Conventional agriculture crops include cereals & grains, oilseeds & pulses, and fruits & vegetables. This method aims at providing protection and optimal utilization of resources at disposal.

Sulfur Fertilizers Market
By Type Of Agriculture
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Conventional Agriculture is projected as the fastest growing segment.

Region wise, the global sulfur fertilizers market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue contributor and is expected to grow at a significant CAGR of 2.6%. Asia-Pacific is witnessing increasing population owing to the fact that two most populous countries fall in this region. The declining arable lands are driving the sulfur fertilizers market in the Asia Pacific. In-addition, increased awareness among the farming community has prompted the use of fertilizers. Moreover, increasing demand for food grains, need for efficient use of land acts as the driving factor for the sulfur fertilizers market growth.

Sulfur Fertilizers Market
By Region
2026
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific would exhibit CAGR of 2.6% during 2019-2026.

The key players holding major sulfur fertilizers market share include Nutrien, Ltd., The Mosaic Company, Yara International, Mitsui & Co., Ltd., Achema, Royal Dutch Shell plc, Kugler Company, Sulfur Mills Limited, and Israel Chemicals Limited. In order to stay competitive, these market players have been adopting various strategies such as product launch, partnership, agreement, merger and acquisition. In 2018, Nutrien acquired Agrichem, a specialty plant nutrition & plant health product company in Brazil. This acquisition aimed at providing potential for enhancing the digital agriculture technologies. This will also enhance the product portfolio and strengthen the geographical position of the company.

Key Benefits for Stakeholders:

  • The report outlines the current sulfur fertilizers market trends and future scenario of the Sulfur fertilizers market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Major countries in the region have been mapped according to their individual revenue contribution in the sulfur fertilizers market analysis at the regional and country-level market.
  • The key drivers, restraints, and sulfur fertilizers market opportunities and their detailed impact analyses are elucidated in the study.
  • The profiles of key players along with their key strategic developments are enlisted in the report.
  • Sulfur fertilizers market forecast is studied from 2019-2026.

Sulfur Fertilizers Market Report Highlights

Aspects Details
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By Type
  • Ammonium Sulphate
  • Single Superphosphate
  • Sulphate of Potash
  • Ammonium Nitrate-Sulphate
  • Sulphate Containing Compound Fertilizers
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By Type
  • Conventional Agriculture
  • Controlled Environment Agriculture
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Mexico, Russia, UK, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Nutrien, Ltd., Kugler Company, Royal Dutch Shell plc, Sulfur Mills Limited, Mitsui & Co., Ltd., Israel Chemicals Limited, The Mosaic Company, Achema, Koch Industries, Inc., Yara International

Analyst Review

The increasing use of sulfur fertilizer in plants and crops to assist in seed production, encourage hardiness, and assist in chlorophyll formation is expected to drive the growth of the market. Sulfur is included in fertilizer through broad range of sources including Elemental Sulfur which can be applied as a stand-alone nutrient. Ammonium sulfate is an excellent source of sulfur that also offers nitrogen to the plant and crops. Potassium Sulfate (K2SO4) on the other hand is offering potassium in addition to sulfur. One of the advancements observed in recent time is use of Langbeinite which is considered a potash fertilizer. Langbeinite is a mineral substance that offers potassium, magnesium, and sulfate in the form of K2Mg2(SO4)3. With such advancement, it is expected that the demand for sulfur fertilizer will increase notably in the near future.

Author Name(s) : Ayushi Choudhary & Eswara Prasad | Eswara Prasad
Frequently Asked Questions?

Increase in Sulfur deficiency in soils is expected to drive the growth of the market. The traditional and conventional agriculture have led to soil deterioration over the time period. The soil that is now being for agriculture purposes lacks several essential minerals that offers productive environment for crops. The minerals required are added in form of fertilizers. As the Sulfur-based fertilizers offer lowered pH level for alkaline soils and also helps crops in retaining moisture, the use of such fertilizers drives the Sulfur fertilizers market growth.

The global sulfur fertilizers market was valued at $3.4 billion in 2018 and is projected to reach $4.1 billion by 2026, growing at a CAGR of 2.2% from 2019 to 2026.

Product launch is one of the key trend observed in sulfur fertilizers market. Shell and Sandvik through a joint forces developed a new Shell Urea-ES granules containing up to 70% of finely dispersed elemental sulphate in a urea matrix.

Asia-Pacific is witnessing increasing population owing to the fact that two most populous countries fall in this region. The declining arable lands are driving the sulfur fertilizers market in the Asia Pacific. In-addition, increased awareness among the farming community has prompted the use of fertilizers.

Acquisiiton is the key growth strategies of sulfur fertilizers market. Nutrien acquired Agrichem, a specialty plant nutrition & plant health product company in Brazil. This acquisition aimed at providing potential for enhancing the digital agriculture technologies. This will also enhance the product portfolio and strengthen the geographical position of the company.

The key players holding major sulfur fertilizers market share include Nutrien, Ltd., The Mosaic Company, Yara International, Mitsui & Co., Ltd., Achema, Royal Dutch Shell plc, Kugler Company, Sulfur Mills Limited, and Israel Chemicals Limited.

The single superphosphate segment was the highest contributor to the market. Single superphosphate is one of the widely used fertilizer. It is employed prior to sowing and can be used for all types of crops. It offers best result if applied with potassium salt.

According to the industry leaders, the increasing use of sulfur fertilizer in plants and crops to assist in seed production and chlorophyll formation is expected to drive the growth of the market. Potassium Sulfate (K2SO4) on the other hand is offering potassium in addition to sulfur. One of the advancement observed in recent time is use of Langbeinite which is considered a potash fertilizer. Langbeinite is a mineral substance that offers potassium, magnesium, and sulfate in the form of K2Mg2(SO4)3. With such advancement, it is expected that the demand for sulfur fertilizer will increase notably in the near future.

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Sulfur Fertilizers Market

Global Opportunity Analysis and Industry Forecast, 2019-2026