Global Sulphur Fertilizers Market by application, type, by Region and Segment, Forecasts 2020–2026

Global Sulphur Fertilizers Market is valued to reach USD 6.4 Billion by 2022, growing at CAGR of 3.2% from 2020–2026. Sulphur deficiencies for soil are becoming more common and can easily corrected with sulphur fertilizers. Increase in demand for higher agricultural productivity, protection and optimal utilization of resources are the factors driving the market.

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The traditional and conventional agriculture have led to soil deterioration over time. The soil that is now being used for agriculture purposes lacks several essential minerals that offer productive environment for crops. The minerals required are added in the form of fertilizers. The main deficiencies are of nitrogen and sulfur. Thus, the use of sulfur-based fertilizers is on the rise. As the sulfur-based fertilizers offer lowered pH level for alkaline soils and also help crops in retaining moisture, the use of such fertilizers drives the sulfur fertilizers market growth. Liquid sulfur fertilizers is a secondary nutrient liquid which acts as a good plant food supplement. It worked as a fungicide and growth promoter for plants. Additionally, It aids in improving productivity related issues and reduces sulfur deficiency in soil and plants.

The awareness related to use of several chemicals in agriculture is increasing. People are getting more alert towards the effects of chemicals used in agriculture practices and their impact on health. The harmful effects of the chemicals involved in the cultivation of crops and food products have made people to opt for organic food. Thus, the shift towards organic food is being observed. These factors act as restraint for sulfur fertilizers market growth. However, the global sulfur fertilizers market is yet to explore its full potential. The population of the world is increasing rapidly, leading to increase in demand for food. The growing demand for food is further expected to raise the need for fertilizer, which in turn will increase the sulfur fertilizers market growth.

Market Trends, Drivers, Restraints and Opportunity:

Increase in demand for agricultural produce is more likely to enhance the market growth in the coming years. In addition, modern agricultural practices is expected to augment the market position in the forthcoming years
Sulphur fertilizers are increasingly used in applications to ensure optimum yield. It is expected to maintain a high position in the upcoming period attributing to rise in deficiency of sulphur in soil
The commercial market for sulphur fertilizers is likely to witness lucrative growth opportunities in the forecast period owing to government subsidies
On contrary, demand for synthetic alternatives and market saturation creates restrictions for market growth in the forecast period