The Sulfur Fertilizers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Sulfur Fertilizers Global Market Report 2024, The sulfur fertilizers market size has grown steadily in recent years. It will grow 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.
The sulfur fertilizers market size is expected to see steady growth in the next few years. It will grow to $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. Major trends in the forecast period include innovations in sulfur fertilizer products, integration of sulfur with other nutrients, focus on sustainable agriculture, precision agriculture and sulfur application, sulfur use in specialty crops.
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. For instance, in July 2022, according to an article by the Food and Agriculture Organization, an Italy-based organization of the United Nations, there were around 828 million people globally affected by hunger in 2021, which is an increase of 46 million people compared to 2020. Furthermore, in February 2022, according to a report published by the World Food Programme, an Italy-based organization of the United Nations that provides food assistance, around 345.2 million people are projected to be food insecure in 2023, which is double compared to 2020 and 200 million more compared to pre-pandemic levels. Also, more than 900,000 people around the globe are fighting the food crisis. Therefore, the growing demand for food will drive the sulfur fertilizer market.
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The sulfur fertilizers market covered in this report is segmented –
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
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. For instance, in February 2023, Vantage AG, a UK-based manufacturer of liquid sulfur, launched Nanoparticle-based foliar fertilizer. The very effective nanoparticle composition used in this new technique is intended to coat and enter plant tissue. The newly developed liquid sulfur product has sulfur particles smaller than one nanometer. The nutrient can be fully bioavailable and swiftly taken and metabolized by the plant thanks to these little particles.
The sulfur fertilizers market report table of contents includes:
1. Executive Summary
2. Sulfur Fertilizers Market Characteristics
3. Sulfur Fertilizers Market Trends And Strategies
4. Sulfur Fertilizers Market – Macro Economic Scenario
5. Global Sulfur Fertilizers Market Size and Growth
….
31. Global Sulfur Fertilizers Market Competitive Benchmarking
32. Global Sulfur Fertilizers Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Sulfur Fertilizers Market
34. Sulfur Fertilizers Market Future Outlook and Potential Analysis
35. Appendix
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