According to the report published by Allied Market Research, the global sulfur fertilizers market was estimated at $3.5 billion in 2018 and is expected to hit $4.1 billion by 2026, registering a CAGR of 2.2% from 2019 to 2026. The report provides an all-inclusive analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Increase in sulfur deficiency in soils and rise in demand for crops that call for high sulfur concentration drive the growth of the global sulfur fertilizer market. On the other hand, trend of having organic foods restrains the growth to some extent. Nevertheless, growing demand for sulfur in the agriculture industry is anticipated to create multiple opportunities in the near future.
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The single superphosphate segment to dominate through 2026-
Based on type, the single superphosphate segment contributed to more than two-fifths of the total market revenue in 2018, and is expected to maintain its dominance by 2026. The ammonium nitrate-sulphate segment, on the other hand, is projected to grow at the fastest CAGR of 5.4% by the end of 2026. The other segments discussed in the report include Ammonium Sulphate, Sulphate of Potash, and Sulphate Containing Compound Fertilizers.
The controlled environment agriculture segment dominated the market-
Based on type of agriculture, the controlled environment agriculture segment accounted for more than two-fifths of the total market revenue in 2018, and is projected to retain the lion’s share till 2026. Simultaneously, the conventional agriculture segment is expected to cite the fastest CAGR of 2.4% during the study period.
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Asia-Pacific to rule the roost-
Based on geography, the region across Asia-Pacific generated the highest share in 2018, holding around three-fifths of the global market. The same region is also expected to register the fastest CAGR of 2.6% throughout the estimated period. The other provinces analyzed in the report include North America, Europe, and LAMEA.
Key players in the industry-
The key market players analyzed in the global sulfur fertilizers market report include Israel Chemicals Limited, The Mosaic Company, Sulfur Mills Limited, Yara International, Mitsui & Co., Ltd., Nutrien, Ltd., Achema, Royal Dutch Shell plc, and Kugler Company. These market players have implemented several strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their status in the industry.