Sulfur Fertilizers Market: Key Players and Forecast

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 increase in agricultural practices and requirements for
high-quality agricultural produce are factors that are projected to drive the
growth of the market in the Asia Pacific region. According to the World Bank,
nearly 56.2% and 60.4% of the entire land area accounted for agricultural
production in China and India, respectively, in 2015. Major crops produced in
Asia include rice, sugar beet, fruits & vegetables, cereals, and grains;
the region consumes nearly 90% of the global rice produced. There is a high
demand for sulfur fertilizers in Asia Pacific due to its direct use to treat
sulfur deficiencies. They are often sprayed in combination or as additives to
NPK products.

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.

In 2025, the sulfates segment is projected to dominate the
global market in terms of value. This is due to the high consumption of
traditional and new sulfate fertilizers, such as ammonium sulfate, single
superphosphate, ammonium phosphate sulfate, potassium sulfate, and sulfates of
micronutrients, across regions. In addition, the main advantage offered by
sulfate fertilizers is its sulfur supply in the form of sulfate, which is
readily available to plants.

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The dry segment is projected to dominate the market due to
its extended shelf life and relatively low cost. In addition, the consumption
of the dry form of sulfur fertilizers, such as ammonium sulfate, single
superphosphate, ammonium phosphate sulfate, and elemental sulfur, is high
across the globe. These factors are projected to drive the growth of the
market.