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The sulfur fertilizers market is projected to grow at a CAGR of 2.84%.
The sulfur fertilizers market is projected to reach USD 6.29 billion by 2022, from USD 5.47 billion in 2017, at a CAGR of 2.84%. The market is driven by growth in demand for crops prone to sulfur deficiency and increase in sulfur deficiency in soil. Increase in the trend of organic food consumption is one of the major restraints in the growth of the sulfur fertilizers market.
Oilseeds pulses segment led the market with the largest share in 2016.
The oilseeds pulses segment accounted for the majority share in sulfur fertilizers market. Oilseeds, particularly canola, have a higher requirement for sulfur as compared to cereal crops since it is an essential element in the growth of fertile canola flowers. Sulfur is also necessary for healthy nodule growth on roots of pulse crops such as bean and pea.
Band: segment is projected to be the fastestgrowing from 2017 to 2022.
Based on application method, the band segment is projected to grow at the highest rate during the forecast period. For the application of sulfate sulfur fertilizers, sidebanding is the most efficient way to produce maximum seed yield. Thus, it is projected to grow at the highest CAGR in the forecast period.
Asia Pacific led the market with the largest share in 2016.
Asia Pacific was the largest sulfur fertilizers market in 2016. The increasing population of this region creates an exponential demand for food and with limited scope for bringing additional area under agriculture, the region has been relying on the usage of sulfur fertilizers for meeting food demand. The market in this region is also projected to be the fastestgrowing from 2017 to 2022. It is driven by the increase in agricultural practices and the requirement of highquality agricultural produce. The use of sulfur fertilizers is becoming a common practice in countries such as India, China, and other emerging markets such as Taiwan, Thailand, and Indonesia.
The breakdown of the primaries on the basis of company, designation, and region conducted during the research study, is as follows:
By Company type: Tier 1 20%, Tier 2 30%, and Tier 3 50%
By Designation: CLevel 15%, Directors 60%, Others* 25%
By Region: Americas 20%, Europe 30%, Asia Pacific 40%, RoW 10%
*Others include sales managers, marketing managers, and product managers.
Note: Tier 1: Revenue > USD 1 billion; Tier 2: Revenue USD 500 million to < USD 1 billion; Tier 3: Revenue < USD 500 million
The global market for sulfur fertilizers is dominated by large players such as Agrium Canada, Yara Norway, The Mosaic Company US, Coromandel International India, Israel Chemicals Ltd. Israel, Eurochem Switzerland, Potash Corp. of Saskatchewan Canada, and K+S Atkiengesellschaft Germany. Some of the emerging players in the sulfur fertilizers market include The Kugler Company US, Shell Sulfur Solutions Netherlands, Sulfur Mills Limited India, Koch Fertilizers US, Deepak Fertilizers and Petrochemicals Corporation Limited India, UralChem Cyprus, CF Industries Holdings, Inc. US, and Transammonia, Inc. US.
The report analyzes the sulfur fertilizers market across different types and regions. It aims at estimating the market size and future growth potential of this market across different segments such as type, crop type, application method, form, and region. Furthermore, the report also includes indepth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall sulfur fertilizers market and the subsegments. This report will help stakeholders to better understand the competitor landscape, gain more insights to better position their businesses, and make suitable gotomarket strategies. The report will also help the stakeholders to understand the market and provide them information on key market drivers, restraints, challenges, and opportunities.
Original Article: 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 [Report Updated: 03112017] PriceNEXT ARTICLE
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