The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.
The report offers actionable and valuable market insights of Sulfur Fertilizers. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Sulfur Fertilizers Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Sulfur Fertilizers market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Sulfur Fertilizers
This newly published and insightful report sheds light on Market Insights of Sulfur Fertilizers, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Sulfur Fertilizers Market.
Demand for sulfur fertilization is gaining momentum with a wide variety of products on offer, such as sulfate, elemental sulfur, liquid sulfur, and others. With advancements in key application sectors such as cereals and grains, fruits & vegetables, and oilseeds, to name a few, sulfur fertilizer manufacturers are expected to gain higher revenues over the coming years.
According to a latest report by Fact.MR, North America and Europe will take center stage, while Asia Pacific will register the fastest growth over the next ten years. Overall the industry is set to surpass a US$ 5.5 billion valuation by 2031, expanding at a steady CAGR of over 3% over the decade.
Key Takeaways from Market Study
- High demand for sulfate and elemental sulfur likely to be witnessed.
- Rise in application in cereals & grains to boost overall sales.
- The United States to lead in North America’s sulfur fertilizer industry.
- Germany remains at the forefront of Europe’s market for sulfur fertilizers.
- The market in Asia Pacific to exhibit the fastest growth throughout the forecast period of 2021 to 2031.
- China, Japan, India, Croatia, the United Kingdom, and Canada to maintain positive industry outlook in future.
“Incorporation of cutting-edge technologies by leading manufacturers are aiding demand growth of sulfur fertilizers. Furthermore, increase in production of the most sought-after product types such as elemental S fortified N/P fertilizers, sulfate, etc., is augmenting industry growth,” says a Fact.MR analyst.
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Demand being Driven by Agriculture Industry
Various types of sulfur fertilizers have extensive application in the agriculture sector, such as in the production of cereals & grains, fruits & vegetables, and others. As a result, steady expansion of the agriculture industry is bolstering the growth for sulfur fertilizers.
According to a report titled “Agribusiness Industry Spotlight”, published by SelectUSA, the United States agribusiness industry is highly potential, while contributing over US$ 159 billion in export sales to the U.S. economy, as in 2018. As stated in a report published by the European Commission (EC) on 12th April 2021, the EU’s agriculture industry created an estimated gross value added of EUR 177.0 billion in 2020. These figures give a glimpse of the growing opportunities for sulfur fertilizer manufacturers around the globe.
Who is Winning in this Space?
With the competition getting fiercer, players in the global sulfur fertilizer market are focusing on diversifying their products.
- Zuari Agro Chemicals Ltd. launched its new range of Jai Kissan SOP, Jai Kissan Suraksha, and others, a couple of years back.
- H Sulfur Corp recently launched its new range of Solo Agri S90, Super-S, and others.
Market Segmentation by Category
- Sulfate Fertilizers
- Sulfur Fertilizers
- Liquid Sulfur Fertilizers
- Sulfur Fertilizers for Cereals & Grains
- Sulfur Fertilizers for Fruits & Vegetables
- Sulfur Fertilizers for Oilseeds & Pulses
- North America
- Latin America
- Middle East and Africa (MEA)
- East Asia
- South Asia
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- Market Analysis of Sulfur Fertilizers
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- Key Drivers Impacting the Sulfur Fertilizers market
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More Valuable Insights on Sulfur Fertilizers Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Sulfur Fertilizers, Sales and Demand of Sulfur Fertilizers, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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