The sulfur fertilizers market is estimated to be valued at USD 5.47 Billion in 2017, and is projected to reach USD 6.29 Billion by 2022, at a CAGR of 2.84% from 2017.
The market is driven by increase in demand for higher agricultural productivity and reduction in sulfur emission influencing the demand for added sulfur.
The sulfur fertilizers market, based on type, has been segmented into sulfate fertilizers, elemental sulfur fertilizers, and sulfates of micronutrients. The sulfate fertilizers dominated this market in 2016 due to its advantage of supplying sulfur primarily as a component of multi-nutrient fertilizers, in a form that is immediately available for plant uptake. The most readily available and popular sources are ammonium sulfate (AS), single superphosphate (SSP), potassium sulfate, and potassium & magnesium sulfate.
The sulfur fertilizers market, by formulation, has been segmented into liquid and dry. The dry formulation segment covered a relatively larger market share; this can be attributable to the nutrition it provides to plants over an extended period of time.
The sulfur fertilizers market, by application method, has been segmented into band, broadcast, seed row, foliar, and others. The band segment dominated the market in 2016, and is projected to be the fastest-growing by 2022. This is due to the increasing application of sulfate fertilizers by the banding method, where side-banding helps to provide maximum yield in crops such as canola.
Asia Pacific accounted for the largest market share, and is also projected to be the fastest-growing in the sulfur fertilizers market. The dominant share of the Asia Pacific region is attributed to the increase in agricultural practices and requirement of high-quality agricultural produce.
Increasing Sulfur Deficiency in Soil
Growth in Demand for Crops Prone to Sulfur Deficiency
Sulfur Emission Regulations Driving Demand for Added Sulfur
Need for Higher Productivity Using Limited Land Area
Increase in the Trend of Organic Food Consumption
Increasing Consumption Trend of Fertilizers
Increase in Usage of High-Analysis Fertilizers Not Containing Sulfur
Rise in Investment in Agricultural Activities in Developing Countries