The sulfur fertilizers market is projected to grow at a CAGR of2.2% from 2020 to 2025.

The sulfur fertilizers market is estimated to be valued at USD4.6billion in 2020  and is projected to reach USD 5.1billion by 2025, recording a CAGR of 2.2%. Factors such as an increase in sulfur deficiency in soils, depletion of sulfur from the soil due to the cultivation of high-yielding varieties, and less deposition of atmospheric sulfur due to strict regulations on sulfur emission are projected to drive the growth of this market.

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Leading players profiled in this report:

•             Nutrien, Ltd. (Canada)

•             Yara International ASA (Norway)

•             The Mosaic Company(US)

•             ICL (Israel)

•             K+S Aktiengesellschaft (Germany)

•             EuroChem Group (Switzerland)

•             The Kugler Company (US)

•             Koch Industries, Inc (US)

•             Nufarm Limited (Australia)

The Asia Pacific market is estimated to account for the largest market share due to the widespread sulfur deficiency in soils and the high demand for improving crop productivity in the region.

Over the last two decades, the fertilizer industry in most countries of the Asia Pacific region has shifted its focus from developing fertilizer grades to technology upgradation, management, and sustainability of fertilizers. Asia is the most sulfur deficient region in the world, according to The Sulphur Institute, US. Therefore, the use of sulfur fertilizers is becoming a common practice in countries, such as India, China, and other emerging markets, which include Thailand and Indonesia.

Moreover, China and India together accounted for a share of more than 60% in the Asia Pacific sulfur fertilizers market in terms of value and volume. The country is one of the largest producers of corn that majorly finds application in the biofuel and feed industries. Therefore, the need for the application of sulfur fertilizers remains high in China. With the support of the government through subsidies and specific recommendations for promoting the use of sulfur, the market for sulfur fertilizers is growing in India.

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The sulfates segment is projected to be the largest segment, by type, in the sulfur fertilizers market during the forecast period.

Sulfate containing fertilizers offer advantages of providing sulfur in the sulfate form, which is readily available for plant uptake. Sulfate sulfur is relatively mobile in most soils and moves freely with soil moisture, particularly in the upper levels of the soil profile. The sulfates segment is projected to be the largest segment due to the high consumption of ammonium sulfate, single super phosphate, and ammonium phosphate sulfate across the world.