Sulfur Fertilizer Sales Set to grow at 3% to Exceeding US$ 5.5 Bn by 2031-end: Fact.MR

NEW YORK, May 12, 2021 /PRNewswire/ -- Fact.MR's latest report on global sulfur fertilizer projects a steady growth over the forecast period of 2021 and 2031. Rising demand for sulfur fertilizer in various applications such as cereals & grains, fruits & vegetables, and advancements in agriculture industry is fuelling the sales. Furthermore, due to the growing need of sulfur fertilizer in agriculture industry, government funding & investment has increased over the past years. Increasing investment in research & development (R&D) activities by key players will also aid the industry growth.

With the manufacturing sector developing constantly and incorporation of advanced technology in agriculture industry, key players are expected to gain higher profit margins over the forecast period. Increasing application of sulfur fertilizer for soil fertilization of various fruits, crops & vegetables in agriculture sector will provide growth opportunities for the leading industry players. Also, few disadvantages such as high laboratory set-up cost, and environmental side-effects due to the excess of sulfur may hamper the demand. However, growing R&D activities by manufacturers will overcome the hurdles over the coming years.

"Manufacturers are adoption novel technologies to launch new products. Besides this their expansion strategies including collaborations will aid overall growth of the market" says a Fact.MR analyst. 

For more Insights into the Market, Request a Sample of this Report

https://www.factmr.com/connectus/sample?flag=S&rep_id=5809 

Key Takeaways

• In terms of type, sulfate will be leading the market and is expected to sustain its lead throughout the forecast period
• India will emerge as a highly lucrative market backed by the abundance of raw materials, labor and vast agriculture sector
• China is expected to vanguard the East Asia sulfur fertilizer market and will be dominant over the forecast period
• Germany will exhibit hegemony in European sulfur fertilizer market owing to its highly developed manufacturing & agriculture sector
• United States and Canada will collectively contribute the highest share in the North America market for sulfur fertilizer
• Sulfur fertilizer market is expected to have a positive growth outlook in the countries such as Japan, Croatia and United Kingdom

Competitive Landscape

Coromandel International Limited, Nutrien Ltd., Yara International ASA, Nufarm Ltd., K+S Aktiengesellschaft, EuroChem Group, Koch Industries Inc., Deepak Fertilizers and Petrochemicals Ltd, Abu Dhabi Fertilizer Industries WLL, Kugler Company, Devco Australia Holdings Pvt. Ltd., Zuari Agro Chemicals Ltd., Tiger-Sul Products LLC, and H Sulfur Corp among others. The market is fragmented and key players in order to maintain their position a focusing on new product launches.

For instance, in July 2020, Nutrien Ltd. announced the launch of Smart Nutrition MAP+MST fertilizer that combines micronized sulfur with phosphate to give crops consistent nutrition all season long.

In March 2021, Mosaic Company announced the labeling of its two fertilizer product, MicroEssentials and Sus-Terra fertilizer, as Enhanced Efficiency Fertilizers (EEF) by the Association of American Plant Food Control Officials.

Also, in February 2020, ICL announced it was acquiring Growers Holdings Inc., an innovator in the field of data-driven farming that provides information on fertilization and its in-field applications.

Furthermore, in October 2019, K+S Aktiengesellschaft announced the set-up of a new plant at the Wintershall site of the Werra plant in Germany for the manufacturing and production of magnesium sulfate anhydrous.

Get Customization on this Report for Specific Country

http://www.factmr.com/connectus/sample?flag=RC&rep_id=5809 

More Valuable Insights on Sulfur Fertilizer Market

In its latest report, Fact.MR offers an insightful study on the global sulfur fertilizer market for the forecast period of 2021 and 2031. The study offers insights on the market's trends, opportunities and the challenges that will aid the growth in the coming years. For better understanding, the market is segmented on the basis of type (sulfate, elemental sulfur, liquid sulfur, and others), application (cereals & grains, fruits & vegetables, oilseeds & pulses, and others), and region (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa).

Key Questions Covered in the Report

• Which is the most lucrative market for sulfur fertilizer?
• Which are the major companies leading the global sulfur fertilizer market?
• What are the key challenges faced by sulfur fertilizer suppliers?
• Which factors will drive the sales of sulfur fertilizer market?
• Which type of sulfur fertilizer is the most preferred?
• What is the impact of Covid-19 on sulfur fertilizer market?

For Critical Insights on this Market, Request for Methodology

https://www.factmr.com/connectus/sample?flag=RM&rep_id=5809

Explore Fact.MR's Coverage on the Chemicals & Materials Domain

Bio-based Coatings Market: The global bio-based coatings market report published by Fact.MR sheds an insight on the prominent growth dynamics, including possible drivers, opportunities and challenges, expected to prevail across the landscape for the upcoming decade. A detailed insight regarding key geographies and prominent manufacturers has been embedded in this report.

Container glass coatings Market: Explore Fact.MR's container glass coatings market research report, offering a detailed study on multiple market trends for the present and upcoming decade. The study entails analyses about the prominent growth trends present across key geographies and major segments, along with information about key manufacturers operating within the landscape.

Release coatings Market: The global release coatings market report by Fact.MR delivers a detailed analysis on the strategies and competitive landscape for the upcoming period. The key players' market share data provided by the report given you a detailed insights on the shortcomings and forthcomings of the market for the forecast period.

About Fact.MR

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we'll be an able research partner.

Contact:

Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: [email protected]
Follow Us: LinkedIn | Twitter

SOURCE Fact.MR