LONDON, Nov. 13, 2017 /PRNewswire/ -- "The sulfur
fertilizers market is projected to grow at a CAGR of
2.84%."
The sulfur fertilizers market is projected to reach USD 6.29 billion by 2022, from USD 5.47 billion in 2017, at a CAGR of 2.84%. The
market is driven by growth in demand for crops prone to sulfur
deficiency and increase in sulfur deficiency in soil. Increase in
the trend of organic food consumption is one of the major
restraints in the growth of the sulfur fertilizers market.
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"Oilseeds & pulses segment led the market with the largest
share in 2016."
The oilseeds & pulses segment accounted for the majority share
in sulfur fertilizers market. Oilseeds, particularly canola, have a
higher requirement for sulfur as compared to cereal crops since it
is an essential element in the growth of fertile canola flowers.
Sulfur is also necessary for healthy nodule growth on roots of
pulse crops such as bean and pea.
"Band: segment is projected to be the fastest-growing from 2017
to 2022."
Based on application method, the band segment is projected to grow
at the highest rate during the forecast period. For the application
of sulfate sulfur fertilizers, side-banding is the most efficient
way to produce maximum seed yield. Thus, it is projected to grow at
the highest CAGR in the forecast period.
"Asia Pacific led the market
with the largest share in 2016."
Asia Pacific was the largest
sulfur fertilizers market in 2016. The increasing population of
this region creates an exponential demand for food and with limited
scope for bringing additional area under agriculture, the region
has been relying on the usage of sulfur fertilizers for meeting
food demand. The market in this region is also projected to be the
fastest-growing from 2017 to 2022. It is driven by the increase in
agricultural practices and the requirement of high-quality
agricultural produce. The use of sulfur fertilizers is becoming a
common practice in countries such as India, China,
and other emerging markets such as Taiwan, Thailand, and Indonesia.
The breakdown of the primaries on the basis of company,
designation, and region conducted during the research study, is as
follows:
• By Company type: Tier 1 – 20%, Tier 2 –30%, and Tier 3 – 50%
• By Designation: C-Level – 15%, Directors – 60%, Others* – 25%
• By Region: Americas – 20%, Europe – 30%, Asia
Pacific – 40%, RoW – 10%
*Others include sales managers, marketing managers, and product
managers.
Note: Tier 1: Revenue > USD 1
billion; Tier 2: Revenue USD 500
million to < USD 1 billion;
Tier 3: Revenue < USD 500
million
The global market for sulfur fertilizers is dominated by large
players such as Agrium (Canada),
Yara (Norway), The Mosaic Company
(US), Coromandel International (India), Israel Chemicals Ltd. (Israel), Eurochem (Switzerland), Potash Corp. of Saskatchewan (Canada), and K+S
Atkiengesellschaft (Germany). Some
of the emerging players in the sulfur fertilizers market include
The Kugler Company (US), Shell Sulfur Solutions (Netherlands), Sulfur Mills Limited
(India), Koch Fertilizers (US),
Deepak Fertilizers and Petrochemicals Corporation Limited
(India), UralChem (Cyprus), CF Industries Holdings, Inc. (US),
and Transammonia, Inc. (US).
Research Coverage
The report analyzes the sulfur fertilizers market across different
types and regions. It aims at estimating the market size and future
growth potential of this market across different segments such as
type, crop type, application method, form, and region. Furthermore,
the report also includes in-depth competitive analysis of the key
players in the market along with their company profiles, recent
developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market
by providing them the closest approximations of the revenue numbers
for the overall sulfur fertilizers market and the subsegments. This
report will help stakeholders to better understand the competitor
landscape, gain more insights to better position their businesses,
and make suitable go-to-market strategies. The report will also
help the stakeholders to understand the market and provide them
information on key market drivers, restraints, challenges, and
opportunities.
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