세계의 유황비료 시장 예측 : 유형별, 작물 유형별, 농업 유형별, 형태별, 용도별, 지역별 분석(-2030년)

According to Stratistics MRC, the Global Sulfur Fertilizers Market is accounted for $5.42 billion in 2024 and is expected to reach $6.94 billion by 2030 growing at a CAGR of 4.20% during the forecast period. Fertilizers containing sulfur are essential to contemporary agriculture because they promote plant growth and development. For plants to synthesize enzymes, vitamins, and amino acids, sulfur is a necessary nutrient. It helps produce chlorophyll, the green pigment that is involved in photosynthesis, which encourages rapid growth and enhances crop quality. Applying sulfur fertilizers becomes essential in areas where sulfur deficits are prevalent in order to guarantee the best possible plant nutrition and yield.

According to the American Society of Agronomy, sustainable agricultural practices are essential for safeguarding soil health and preserving natural resources for future generations.

Market Dynamics:

Driver:

Increased soil sulfur deficiency

As an essential component for the best possible crop yield, sulfur is also known to be crucial for plant physiology and insect resistance. Along with producing chlorophyll, which helps plants regulate photosynthesis, it also facilitates protein synthesis. Reduced inputs from atmospheric sulfur deposition, continuous agricultural practice changes, and the growth of high-yield crops are all contributing to the increasing prevalence of sulfur deficits. Several chemical methods have been employed to identify sulfur deficiency and provide highly correlated, fast, accurate, and precise values. Moreover, the demand for sulfur fertilizers is therefore anticipated to increase in the upcoming years due to the growth in sulfur deficits.

Restraint:

Stringent environmental laws

The environment is being negatively impacted by the world's expanding population and its increased demand for food, energy, and resources. Overuse of natural resources, including fisheries, forests, and water sources, causes biodiversity to decline and become scarcer, upsetting delicate ecosystems and creating challenges for long-term sustainability. The expansion of forestry, infrastructure, and agriculture are all factors in habitat destruction, the depletion of carbon sinks, and climate change. Furthermore, the depletion of ecosystems, the threat to human health, and the destruction of biodiversity are all consequences of industrial and agricultural pollution, including air and water pollution, which impedes market expansion.

Opportunity:

Increased investment in agricultural activities by developing economies

In emerging nations, investments in agriculture have increased significantly over the past few decades. This is brought on by rising commodity prices, heightened strategic concerns among nations that import food, and a range of commercial opportunities in agriculture. State-owned companies, sovereign wealth funds, agribusiness firms, and private equity make up the bulk of agricultural investors. Nonetheless, the growing trend of substituting organic fertilizers for sulfur fertilizers may hinder market expansion. Moreover, the launch of NPK fertilizers enhanced with elemental sulfur will support the growth of the market.

Threat:

Growing use of fertilizers made of organic materials

The majority of oilseeds produced worldwide are produced in tropical, semi-arid regions with low average yields. The oilseeds have a low transpiration rate and can withstand droughts. These regions have a low availability of sulfur, which causes crops to be deficient in sulfur. Additionally, the main crops that are taken into consideration in this sector are peanut, canola, and soybean. Because oilseeds require more sulfur than other crops do, the market for sulfur fertilizers is anticipated to be constrained for the duration of the forecast period.

Covid-19 Impact:

Global markets have been severely disrupted by the COVID-19 pandemic, affecting a wide range of industries. Lockdowns, travel bans, and social distancing tactics put in place to stop the virus's spread resulted in a sharp drop in consumer demand and global supply chain disruptions. Businesses in sectors like travel, hospitality, and retail faced unheard-of difficulties, with many having to close or struggling financially. On the other hand, industries with higher demand for their goods and services included technology, healthcare, and pharmaceuticals. Additionally, governments responded to economic downturns with a range of fiscal and monetary policies, such as interest rate reductions and stimulus packages.

The Ammonium Sulphate segment is expected to be the largest during the forecast period

The ammonium sulfate segment is anticipated to hold the largest market share for sulfur fertilizers. Due to its high solubility, ammonium sulfate is a sulfur-containing fertilizer that is widely used and appropriate for a variety of crops and soil types. It supplies sulfur and nitrogen, two vital nutrients for plant growth that improve crop quality and yields. Farmers all over the world prefer ammonium sulfate because of its efficiency and versatility, especially in areas where the soil lacks sulfur. Furthermore, its dominance in the market for sulfur fertilizers is attributed to a stable supply chain and widely accessible raw materials.

The Fruits and Vegetables segment is expected to have the highest CAGR during the forecast period

When it comes to sulfur fertilizers, the fruits and vegetables segment usually has the highest CAGR. A number of factors are responsible for this growth, such as the growing demand for premium fruits and vegetables brought on by the world's population growth, shifting dietary preferences, and growing consciousness of the significance of food security and nutrition. Fertilizers containing sulphur are essential for increasing fruit and vegetable yield, quality, and nutritional content. Moreover, the mineral sulfur fertilizers also help fruits and vegetables synthesize vitamins and antioxidants, which raises their nutritional value and overall content.

Region with largest share:

Asia-Pacific usually holds the largest market share for sulfur fertilizers. The widespread agricultural practices in nations like China and India, which rank among the top producers and consumers of fertilizers worldwide, are one of the main causes of this dominance. The demand for increased agricultural productivity is fueled by factors such as changing dietary habits, urbanization, and rapid population growth, which in turn accelerates the adoption of sulfur fertilizers. Additionally, government programs that support sustainable farming methods and increase crop yields also contribute to the Asia-Pacific region's market expansion.

Region with highest CAGR:

Due to the region's growing demand for premium agricultural products and its increasing adoption of agricultural practices, Europe is predicted to have the highest CAGR during the projection period. In addition, the market for sulfur fertilizers is anticipated to grow rapidly in the near future due to the high consumption raised by rising demand. Furthermore, the region is also expected to grow as a result of an increase in agricultural land, a greater understanding of the region's use of sulfur, and the early adoption of new medical technology like data analysis, IoT, and AI.

Key players in the market

Some of the key players in Sulfur Fertilizers market include Royal Dutch Shell plc, Devco Australia Holdings Pty Ltd, The Mosaic Company, Nutri-tech Solutions Pty Ltd., Koch Industries, Inc., Israel Chemicals Limited., Balchem Inc, EuroChem Group, Yara International ASA, The Kugler Company, Coromandel International Limited, Tessenderlo Kerley, Inc, Zuari Agro Chemicals Ltd., Mitsui & Co. Ltd., Sulfur Mills Limited, Deepak Fertilizers and Petrochemicals Ltd. And Abu Dhabi Fertilizer Industries WLL.

Key Developments:

In April 2024, Ma'aden and The Mosaic Company has announced that they have entered into a share purchase and subscription agreement. The agreement provides for the sale by Mosaic of all its shares in Ma'aden Wa'ad Al Shamal Phosphate Company, a joint venture investment among Ma'aden, Mosaic and Saudi Basic Industries Corporation, to Ma'aden in exchange for newly issued shares in Ma'aden.

In March 2024, Yara, a leading Norwegian crop nutrition company and a global leader in ammonia trade and shipping, and GHC SAOC, a wholly owned subsidiary of Acme Cleantech, a leading renewable energy company in India, signed a firm and binding agreement for supply of ammonia with reduced CO2 emissions from Acme to Yara on a long-term basis.

In September 2023, Coromandel International Limited on announced that Dare Ventures Limited, a subsidiary of the Company entered into definitive agreements for subscription of 10 Equity Shares of Rs 10 each, and 2,193 Seed Series Compulsorily Convertible Preference Shares of Rs 10 each of Flic Farm Private Limited constituting 16.53 percent of the post issue paid up share capital of Flic Farm Private Limited, the company announced through an exchange filing.

Types Covered:

• Ammonium Sulphate
• Single Superphosphate
• Potash Sulphate
• Ammonium Nitrate-Sulphate
• Sulphate Containing Compound Fertilizers
• Other Types

Crop Types Covered:

• Oilseeds and Pulses
• Cereals and Grains
• Turf and Ornamental
• Fruits and Vegetables
• Other Crop Types

Agriculture Types Covered:

• Controlled Environment Agriculture
• Conventional Agriculture
• Other Agriculture Types

Forms Covered:

• Liquid
• Dry

Applications Covered:

• Foliar
• Soil
• Fertigation
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Sulfur Fertilizers Market, By Type

• 5.1 Introduction
• 5.2 Ammonium Sulphate
• 5.3 Single Superphosphate
• 5.4 Potash Sulphate
• 5.5 Ammonium Nitrate-Sulphate
• 5.6 Sulphate Containing Compound Fertilizers
• 5.7 Other Types

6 Global Sulfur Fertilizers Market, By Crop Type

• 6.1 Introduction
• 6.2 Oilseeds and Pulses
• 6.3 Cereals and Grains
• 6.4 Turf and Ornamental
• 6.5 Fruits and Vegetables
• 6.6 Other Crop Types

7 Global Sulfur Fertilizers Market, By Agriculture Type

• 7.1 Introduction
• 7.2 Controlled Environment Agriculture
• 7.3 Conventional Agriculture
• 7.4 Other Agriculture Types

8 Global Sulfur Fertilizers Market, By Form

• 8.1 Introduction
• 8.2 Liquid
• 8.3 Dry

9 Global Sulfur Fertilizers Market, By Application

• 9.1 Introduction
• 9.2 Foliar
• 9.3 Soil
• 9.4 Fertigation
• 9.5 Other Applications

10 Global Sulfur Fertilizers Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Royal Dutch Shell plc
• 12.2 Devco Australia Holdings Pty Ltd
• 12.3 The Mosaic Company
• 12.4 Nutri-tech Solutions Pty Ltd.
• 12.5 Koch Industries, Inc.
• 12.6 Israel Chemicals Limited.
• 12.7 Balchem Inc
• 12.8 EuroChem Group
• 12.9 Yara International ASA
• 12.10 The Kugler Company
• 12.11 Coromandel International Limited
• 12.12 Tessenderlo Kerley, Inc
• 12.13 Zuari Agro Chemicals Ltd.
• 12.14 Mitsui & Co. Ltd.
• 12.15 Sulfur Mills Limited
• 12.16 Deepak Fertilizers and Petrochemicals Ltd.
• 12.17 Abu Dhabi Fertilizer Industries WLL