Sulfur Fertilizer Market

Sulfur Fertilizer Market Growth Outlook (2023 to 2033)

The global sulfur fertilizer market is estimated to reach a valuation of US$ 4.3 billion in 2023 and it is expected to grow at a CAGR of 3.0% to reach US$ 5.8 billion by the end of 2033.

The sulfur fertilizer market is set to project prominent growth instances during the forecast period as it is a basic requirement for plants. Sulfur provides assistance to plants in processes such as enzyme activity, nitrogen metabolism, and oil synthesis, among others.

Sulfur is also a necessary element required by humans for their DNA health. The human sulfur requirement is met by dietary supplements or medicines. Hence, the prominent application of sulfur in both humans and plants is likely to drive the sulfur fertilizer market. Hence, applying sulfur fertilizer to crops with sulfur demands that cannot be met by soil sulfur supply can result in a significant increase in agricultural production.

Report Attributes	Details
Sulfur Fertilizer Market Size (2022A)	US$ 4.2 Billion
Estimated Market Value (2023E)	US$ 4.3 Billion
Forecasted Market Value (2033F)	US$ 5.8 Billion
Global Market Growth Rate (2023–2033)	3.0% CAGR
Key Companies Profiled	Abu Dhabi Fertilizer Industries WLL Coromandel International Ltd. Deepak Fertilizers and Petrochemicals Ltd. Koch Industries, Inc. Yara International ASA

Consumption Analysis for the Sulfur Fertilizer Market

With the ongoing global economic downturn, the agriculture sector has also witnessed inflation and a rise in input cost which ultimately affects the costs of agricultural output, which remains a pain point for customers, especially across emerging economies. However, with the support of government subsidies and schemes farmers are able to opt for required solutions such as fertilizers, and others, which is likely to fuel the demand for sulfur fertilizers in the long run.

China and India are the major economies with the prominent agricultural sector, hence, growing fertilizers and agrochemicals market across the APAC region will offer immense growth opportunities to the market players of sulfur fertilizer.

• Short Term (2023–2026): Government regulations for the consumption of fertilizers for better crop yield favors the growth of the market for the short-term period.
• Medium Term (2026–2029): With the growing agricultural sector, consumption of sulfur fertilizer in the Asia Pacific region drives the demand for sulfur fertilizer in the medium term.
• Long Term (2029–2033): Oilseeds and pulses grow in a semi-arid region where yield and sulfur content are low. Hence, the demand for sulfur fertilizer in the semi-arid region is anticipated to grow in the long run.

According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 3.0% CAGR between 2023 and 2033.

Market Dynamics Overview

“Use of Sulfur Fertilizer for Increasing Plant Quality and Yields”

Sulfur is an essential nutrient for plants, and its presence in the soil can have a significant impact on plant growth, quality, and yield. As sulfur fertilizers assist plants in protein synthesis, by providing plants with adequate sulfur, it promotes healthy plant growth, leading to better yields.

Sulfur fertilizers are also used for chlorophyll production, sulfur is an important element in chlorophyll production, which is essential for photosynthesis. By promoting healthy chlorophyll production, sulfur fertilizers maximize plants' ability to convert sunlight into energy, leading to improved growth and yield.

Sulfur has been shown to have a significant impact on the flavor and aroma of numerous crops, including onions, garlic, and brassicas (e.g. broccoli, and cauliflower). By providing plants with sufficient sulfur, sulfur fertilizers can help improve the taste and scent of these crops, enhancing their overall texture.

Disease resistance properties possessed by sulfur help protect plants from fungal diseases. By providing plants with sufficient sulfur, sulfur fertilizers can help improve their resistance to fungal infections, leading to healthier plants and higher yields.

Hence, the use of sulfur fertilizer promotes agricultural output and reduces crop loss which caters to the growing food demand of the population.

“Growing Trends of Organic Farming: Restraining the Market Growth”

Organic farming typically relies on natural and sustainable methods of soil management and often prioritizes the use of organic fertilizers over synthetic fertilizers, including sulfur fertilizers. As a result, the use of sulfur fertilizers in organic farming is generally lower than in conventional farming.

While organic farming does not necessarily eliminate the need for sulfur fertilizers altogether, the demand for these fertilizers may be lower in organic farming systems due to the emphasis on soil health and fertility management practices that naturally provide the necessary nutrients for plant growth.

As a result, the sulfur fertilizer market may be impacted by the growth of organic farming, as the demand for these fertilizers may not increase at the same rate as in conventional farming. However, the overall impact may depend on the specific crop, region, and soil conditions, as well as the specific organic farming practices.

Sulfur is an essential element for plant growth, and organic farming systems may still require the use of sulfur fertilizers in certain situations, such as when soils are deficient in sulfur. Organic farmers may use different forms of sulfur fertilizers, such as elemental sulfur, which can be incorporated into the soil and slowly release sulfur over time. However, with the shifting consumer preference the demand for sulfur fertilizer is likely to witness a downturn.

Country-wise Insights

Why China is at the Forefront of the East Asia Market for Sulfur Fertilizer?

China is expected to dominate the market in the Asia Pacific region during the forecast period. The need for high-quality agricultural products and growth in agricultural technology are two factors expected to drive market growth.

Rice, sugar beets, vegetables, fruits, grains, and cereals are some of the major crops grown in China. Since sulfur has a direct application in the treatment of sulfur deficiency, sulfur fertilizers are in great demand in the Chinese market.

According to a report titled “China’s Plan to Promote Modern Agriculture”, published by the Chinese government, the government has taken more measures to deploy modern agriculture practices, a plan released by the state council.

What are the Factors Fueling Use of Sulfur Fertilizer in Germany?

Germany is dominating the Europe market for sulfur fertilizer and it is anticipated to grow rapidly during the forecast period. Germany's burgeoning agricultural economy and highly developed production centers are driving demand.

According to a report titled "Performance of the agricultural sector" published by the European Commission (EC) on 12 April 2021, the agricultural sector contributed 1.3% to the European Union (EU)-27's GDP in 2020 and Germany was the largest contributor. Hence, the growing agricultural industry across Europe drives the sulfur fertilizer market.

Category-wise Insights

Why Sulfate Fertilizer is Expected to Hold the Prominent Market Share?

Sulfate fertilizers, such as ammonium sulfate, potassium sulfate, and magnesium sulfate, are widely used in agriculture as they are highly soluble in water, readily available to plants, and provide both sulfur and a secondary macronutrient that is also essential for plant growth, such as nitrogen, potassium, or magnesium.

Sulfate fertilizers are often less expensive than other forms of sulfur fertilizers, such as elemental sulfur. They are also easier to use and require less labor, making them a more cost-effective option for numerous farmers. Due to the aforementioned facts the sulfate fertilizers market is likely to drive the sulfur fertilizer market during the forecast period.

Why is Sulfur Fertilizer in Significant Demand for Oilseeds and Pulses Production?

Oilseed and pulse crops have a high demand for sulfur due to their high protein content, which requires large amounts of sulfur for synthesis. Sulfur fertilizers improve the quality of oilseed and pulse crops by increasing the protein content and improving the amino acid composition. This can lead to better market prices for farmers.

The demand for oilseed and pulse crops is increasing in recent years, due to several factors such as population growth, changing dietary habits, and vegetable oil demand, among others. For instance, the world's population is projected to reach 9.7 billion by 2050, which will increase the demand for food, including oilseed and pulse crops.

Changing dietary habits are driving the demand for oilseed and pulse crops. As disposable incomes rise in numerous countries, consumers are shifting towards more protein-rich diets, which require more oilseed and pulse crops.

The demand for vegetable oils, which are used in cooking and food processing, is increasing due to population growth and changing dietary habits. Oilseed crops such as soybean, canola, and sunflower are major sources of vegetable oils. Hence, growing oilseeds demand and wide application of sulfur in oilseeds and pulses production are likely to drive the sulfur fertilizers market during the forecast period.

Eminent Players Key Stratagems

Prominent sulfur fertilizer manufacturers are Abu Dhabi Fertilizer Industries WLL, Coromandel International Ltd., Deepak Fertilizers and Petrochemicals Ltd., Koch Industries, Inc., and Yara International ASA.

The sulfur fertilizer market is highly competitive, and market players are employing various strategies to maintain their market share and gain a competitive edge. Companies are focusing on developing new and innovative sulfur fertilizers that are more efficient and effective in delivering sulfur to plants. This includes developing new formulations, improved delivery systems, and innovative application methods.

Sustainable practices are also becoming increasingly important in the sulfur fertilizer market, and companies are investing in research and development to develop environmentally friendly products and production processes.

Fact.MR has provided detailed information about the price points of key manufacturers of sulfur fertilizer positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Sulfur Fertilizer Industry Research

• By Type :

  • Sulfate
  • Elemental
  • Liquid
  • Others

• By Application :

  • Cereals & Grains
  • Fruits & Vegetables
  • Oilseeds & Pulses
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa