LONDON, GREATER LONDON, UK, August 8, 2024 /EINPresswire.com/ -- The sulfur fertilizers market has experienced robust growth in recent years, expanding from $4.68 billion in 2023 to $4.83 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The growth in the historic period can be attributed to depletion of soil sulfur levels, increased crop yield requirements, industrial emissions reduction, awareness of sulfur deficiency, transition to high-yield varieties.
Strong Future Growth Anticipated
The sulfur fertilizers market is projected to continue its strong growth, reaching $5.55 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to expansion of sulfur-responsive crops, climate change impacts, global population growth, stringent environmental regulations, rising demand for organic agriculture.
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Growth Driver Of The Sulfur Fertilizers Market
The growing demand for food is expected to propel the growth of the sulfur fertilizer market going forward. Food refers to a substance that can provide protein, carbohydrate, fat, and other nutrients that are used in the body of an organism and are essential for its proper growth. In an agricultural field, for numerous plant growth processes, such as nitrogen metabolism, enzyme activity, protein and oil synthesis, depend on sulfur fertilizers are used to increase the agricultural output which can meet the rising demand for food around the globe.
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Major Players And Market Trends
Key players in the sulfur fertilizers market include Nutrien Ltd., Yara International ASA, The Mosaic Company, K+S Minerals and Agriculture GmbH, Israel Chemicals Limited.
Product innovations are a key trend gaining popularity in the sulfur fertilizers market going forward. Major companies operating in the sulfur fertilizers market are developing innovative products to strengthen their position in the market.
Segments:
1) By Product Type: Sulphate Fertilizers, Elemental sulfur Fertilizers, Liquid sulfur fertilizers, Other Product Types
2) By Crop Type: Cereals And Grains, Oilseeds and Pulses, Fruits and Vegetables, Turf and Ornamentals, Other Crop Types
3) By Cultivation Type: Open Field, Controlled-Environment Agriculture
4) By Form: Dry, Liquid
5) By Application: Soil, Foliar, Fertigation
Geographical Insights: Asia-Pacific Leading The Market
Asia-Pacific was the largest region in the Sulfur Fertilizers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global sulfur fertilizer market report during the forecast period. The regions covered in the sulfur fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Sulfur Fertilizers Market Definition
Sulfur fertilizers are organic or synthetic ingredients that are put into the soil or plants to boost growth and production by delivering critical plant nutrients. It is used for increasing agricultural output, supply extra nutrients to plants, and boost plant development by increasing soil fertility or replacing chemical components removed from the soil by previous crops.
Sulfur Fertilizers Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Sulfur Fertilizers Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on sulfur fertilizers market size, sulfur fertilizers market drivers and trends, sulfur fertilizers market major players, sulfur fertilizers competitors' revenues, sulfur fertilizers market positioning, and sulfur fertilizers market growth across geographies. The sulfur fertilizers market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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