CHICAGO, April 17,
2024 /PRNewswire/ -- The report Sulphur
Pastilles Market by Type (Sulphur 90%, Sulphur 85%),
Process (Prilling/Pelletizing, Extrusion), Application
(Agriculture, Chemical Processing, Rubber Processing,
Pharmaceuticals), and Region - Global Forecast to
2028, Sulphur Pastilles Market size was USD 977 million in 2023 and is projected to reach
USD 1327 million by 2028 at a CAGR of
6.3% between 2023 and 2028.
The shift towards sustainable agriculture, where sulphur
pastilles serve as essential soil amendments to improve soil health
and crop productivity. Additionally, the market is fueled by the
increasing demand for sulphuric acid production, as sulphur
pastilles are a crucial feedstock. However, challenges such as
limited solubility may hinder their effectiveness in specific
applications. Nonetheless, favorable regulatory changes promoting
sustainable agricultural practices and environmental protection
present significant opportunities for market growth. These changes
may include incentives for using sulphur-based fertilizers and
stricter regulations on chemical usage, further driving demand for
sulphur pastilles in various industries. Overall, the sulphur
pastilles market is shaped by a complex interplay of drivers,
challenges, and opportunities, with sustainability and regulatory
factors playing a significant role in its evolution.
Browse in-depth TOC on "Sulphur Pastilles Market".
145 –
Tables
40 – Figures
167 – Pages
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"By type, the sulphur 90% segment is expected to grow faster
during the forecast period in terms of volume."
Between 2023 and 2028, there is anticipated to be a swifter
growth trajectory in the sulphur 90% sector volume. Sulphur 90%
pastilles contain a higher concentration of sulphur than other
formulations, such as sulphur 80% pastilles. This higher nutrient
concentration provides more sulphur per product unit, making it a
preferred choice for farmers and agricultural producers aiming to
maximize sulphur application efficiency. With the growing
recognition of sulphur deficiency in soils and its impact on crop
yields, there is a rising demand for sulphur-based fertilizers and
soil amendments. Sulphur 90% pastilles, a concentrated source of
sulphur, meet this increasing nutrient demand more effectively than
lower concentration alternatives. Despite potentially being priced
higher per unit compared to lower concentration alternatives,
sulphur 90% pastilles offer better value in terms of sulphur
content per unit cost. This cost-effectiveness appeals to farmers
and agricultural producers looking to optimize their fertilizer
budgets while ensuring adequate sulphur nutrition for their
crops.
"By application, the agriculture segment is expected to grow
faster during the forecast period in terms of volume."
With the world population projected to continue growing, there
will be a corresponding increase in food demand. This drives the
need for higher agricultural productivity, leading to greater use
of fertilizers, including sulphur pastilles, to improve soil
fertility and crop yields. Concerns about environmental
degradation, soil health, and food safety drive a global trend
towards sustainable agricultural practices. Sulphur pastilles are
considered a sustainable option for enhancing soil fertility and
nutrient management, aligning with sustainable agriculture
principles. Many regions worldwide are experiencing sulphur
deficiency in soils, which negatively impacts crop productivity and
quality. As awareness about sulphur deficiency increases, a greater
demand for sulphur-based fertilizers like sulphur pastilles will
address this nutritional imbalance and improve soil health.
Moreover, advancements in agricultural technology, such as
precision farming, drip irrigation, and controlled-release
fertilizers, enhance the efficiency and effectiveness of fertilizer
application. Sulphur pastilles, with their controlled-release
properties, are well-suited for these modern farming practices,
driving their adoption and growth in the agriculture segment.
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"By region, Asia Pacific is
expected to dominate the sulphur pastilles market in terms of
volume during the forecast period."
The Asia-Pacific region is
experiencing significant agricultural expansion, driven by
population growth, urbanization, and changing dietary patterns. As
the demand for food increases, there is a corresponding rise in the
need for fertilizers, including sulphur pastilles, to enhance soil
fertility and crop yields. Many countries in the Asia-Pacific region have soils inherently low
in sulphur content, leading to widespread sulphur deficiencies. As
the importance of sulphur in crop nutrition grows, there is an
increasing demand for sulphur-based fertilizers like sulphur
pastilles to address these deficiencies and improve agricultural
productivity. Governments in the Asia-Pacific region often implement policies
and subsidies to support agricultural development and food
security. These initiatives encourage farmers to use fertilizers
and soil amendments, including sulphur pastilles, leading to higher
adoption rates and market dominance in the region. Furthermore,
many multinational agrochemical companies are focusing their
investments and expansion efforts in the Asia-Pacific region due to its growing
agricultural market and favorable business environment. These
strategic investments and partnerships contribute to the region's
dominance in the sulphur pastilles market.
The key players profiled in the report include Coogee Chemicals
(Australia), Martin Midstream
Partners LP (US), Swancorp (Australia), Grupa Azoty (Poland), Tiger Sul Products LLC (US), National
Est. For Agricultural & Industrial Sulphur (Said Ghodhran
Group) (Saudi Arabia), Brimfertt
(Hungary), Georgia Gulf Sulphur
Corporation (US), Balaji Impex (India), Devco Australia Holdings Pty Ltd
(Australia).
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