The sulfur
fertilizers market is estimated to be valued at USD 4.6 billion in 2020
and is projected to reach USD 5.1 billion by 2025, recording a CAGR of 2.2%.
The growth of the sulfur fertilizers market is driven by various factors, such
as the increase in sulfur deficiency in soils across the world due to strict
regulations on sulfur emission and the cultivation of high-yielding crop
varieties.
Key players in the sulfur fertilizers market include
Nutrien, Ltd. (Canada), Yara International ASA (Norway), The Mosaic Company
(US), K+S Aktiengesellschaft (Germany), and ICL (Israel). A majority of players
in the sulfur fertilizers market adopted expansions & investments as a key
growth strategy to increase their global footprint and percent share in the
global sulfur fertilizers market. Some of the other leading players in the
sulfur fertilizers market include EuroChem Group (Switzerland), Nufarm Limited
(Australia), Koch Industries, Inc. (US), Compass Minerals (US), Deepak Fertilizers and Petrochemicals Ltd.
(India), Coromandel International Limited (India), The Kugler Company (US),
Sapec S.A. (Belgium), SQM S.A. (Chile), Balchem Inc. (US), Nutri-tech Solutions
Pty Ltd. (Australia), Zuari Agro Chemicals Ltd. (India), Tessenderlo Kerley,
Inc. (Belgium), Tiger-Sul Products LLC (US), Shell Sulfur Solutions
(Netherlands), and Sulphur Mills Ltd. (India).
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Nutrien Ltd. (Canada)
has the largest crop nutrient product portfolio, which is combined with a
global retail distribution network that includes more than 1,500 farm retail
centers. The company specializes in crop nutrition and is engaged in the
production and distribution of potash, nitrogen, and phosphate products for
agricultural, industrial, and feed manufacturers. A subsidiary of Nutrien Ltd.,
Nutrien Ag Solutions, is the leading provider of agricultural products and
services for western Canadian growers. The company provides an extensive
product line that caters to plant nutrient demands, serving specialty markets
of greenhouse, nursery, turf, and agricultural food crops. It launched the 4R
Nutrient Stewardship system that focuses on applying the right source of
nutrients at the right rate, place, and time.
In the sulfur fertilizers market, the company focuses on
undertaking acquisitions and expanding its production capacities. The company
offers a wide array of sulfur fertilizers, thus gaining a competitive edge in
the sulfur fertilizers market.
The Mosaic Company
(US) is a leading and integrated producer and marketer of concentrated
phosphate and potash in the world. The company operates in more than six
countries, and majorly focuses on crop nutrition development. It has 26.6
million metric tons (tonnes) of operational capacity for finished concentrated
phosphate and potash production.
The company offers sulfur solutions through its phosphates
and premium crop nutrition segments. It conducts over 2,000 crop nutrition
R&D trials with researchers, universities, and growers in the US, Canada,
Brazil, China, India, Northern Latin America (Mexico to Peru), Argentina, and
Chile.
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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 Rest of the World is segmented into South Africa,
Turkey, and others in RoW, which includes Egypt, Morocco, Saudi Arabia, Iran,
Israel, and Kenya. The agricultural activities in the African and Middle
Eastern countries are carried out majorly, along the river banks and streams.
Most farmers in these countries are small-scale and produce grains and other
products for their own consumption and sale. However, farmers in a few Middle
Eastern countries are gradually becoming aware of the benefits of sulfur fertilizers
with the help of non-profit and non-governmental organizations.
Additionally, the high growth of the RoW region is supported
by the increase in sulfur deficiency in the Middle Eastern and African regions.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
