Sulfur Fertilizers Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4.49 Billion |
| Market Size (2029) | USD 5.65 Billion |
| CAGR (2024 - 2029) | 4.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Sulfur Fertilizers Market Analysis
The Sulfur Fertilizer Market size is estimated at USD 4.49 billion in 2024, and is expected to reach USD 5.65 billion by 2029, at a CAGR of 4.70% during the forecast period (2024-2029).
Sulfur, a vital macronutrient for plants, plays a crucial role in photosynthesis, enzyme activity, and overall plant health. Oilseed crops such as soybeans, sunflower, groundnuts, and rapeseed require sulfur as a key component in fertilizers. According to The Sulfur Institute, sulfur application has significantly increased crop yields, with improvements of 32% in groundnut, 30% in mustard, and 25% in wheat. The USDA World Agricultural Production Report states that global grains production reached 2,813.2 million metric tons in 2023-2024, an increase from the previous year's 2,758 million metric tons. The growing global food grain production is driving up the demand for sulfur fertilizers.
Moreover, farmers and agricultural experts increasingly recognize the importance of soil health maintenance. Sulfur plays a vital role in enhancing soil structure, nutrient availability, and microbial activity. Advancements in fertilizer production and application technologies have improved the efficiency and effectiveness of sulfur fertilizers, promoting their adoption. For example, Micronized Sulfur Technology converts elemental sulfur into ultra-fine particles smaller than 10 microns, creating a slow-release effect that aligns with plant uptake requirements. However, stringent environmental regulations on emissions are expected to constrain market growth. Europe and North America currently consume significant amounts of sulfur, while the Asia-Pacific region is projected to experience rapid growth.
Sulfur Fertilizers Market Trends
Sulfur deficiency in Soil and Rising Oilseed Production are Fueling the Market
Sulfur deficiency in soil is increasing the global demand for sulfur fertilizers across various crops. Farmers are adopting these fertilizers to enhance plant growth and productivity, aiming to maximize yields. The Sulphur Institute reports that applying 1 kg of sulfur to wheat crops has resulted in a yield increase of 19 kg per hectare. Sulfur is the fourth major nutrient for plants, with oilseeds having a higher sulfur requirement compared to other crops. According to the USDA, global oilseed production reached 657.56 million metric tons in 2023-2024, a 3% increase from the previous year's 637.99 million metric tons. This rising yield indicates the increased use of sulfur fertilizers worldwide.
Many agricultural soils, particularly those under intensive cultivation, are becoming deficient in sulfur. Indian soils, for example, exhibit significant sulfur deficiency, necessitating supplementary sulfur inputs. Farmers primarily address this through various grades of sulfur-containing fertilizers. The Fertilizer Association of India's annual review reports that India imported 1.34 million metric tons of sulfur in FY 2022-2023, supplementing its domestic production of 2 million metric tons.
The Asia-Pacific Region Dominates the Market
The Asia-Pacific region leads the sulfur fertilizer market, driven by increasing demand for high-quality agricultural produce and expanding agricultural practices. The region's growing population, shrinking arable land, and rising food demand contribute to market growth. China and India are the primary consumers of sulfur fertilizers in the Asia-Pacific. According to UN DESA, in 2023, India and China each had a population of 1.4 billion, making them the two most populous countries in the region.
The rising oilseed production in Asia-Pacific is increasing the import of sulfur fertilizers to meet farmer requirements. USDA data shows that China's oilseed production grew from 67.94 million metric tons in 2022-2023 to 69.08 million metric tons in 2023-2024. Government financial support in the region is also encouraging farmers to use sulfur fertilizers. For example, the Indian government approved a subsidy of INR 1.89 (USD 0.021) per kg for sulfur fertilizers for the kharif season in 2024, as reported by the Department of Fertilizers.
Notably, the Indian government has approved the "National Mission on Edible Oils - Oilseeds" for a period of 7 years from 2024-25 to 2030-31, with a financial outlay of INR 10,103 crore (USD 1,202 million) to increase oilseeds production in the country. This initiative is expected to further drive the demand for sulfur fertilizers in the region.
Sulfur Fertilizers Industry Overview
The global sulfur fertilizer market is fragmented, with numerous small and medium-sized companies holding smaller market shares. Market players are engaging in acquisitions and partnerships to strategically support market growth. Major global companies, including Yara International, Nutrien Ltd, and Coromandel International, are the leading players in the segment. Smaller companies, such as Rural Liquid Fertilizers and Nutri-Tech Solutions, also maintain a significant presence in the market.
Sulfur Fertilizers Market Leaders
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Coromandel International
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Haifa Group
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Yara International
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The Mosaic Company
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Nufarm
*Disclaimer: Major Players sorted in no particular order
Sulfur Fertilizers Market News
- June 2024: Coromandel International introduced a new fertilizer called 'Paramfos Plus'. This product contains 16% Nitrogen, 20% Phosphorus, 13% Sulphur, and 0.6% Magnesium.
- April 2024: Haifa Group expanded its presence in India through a partnership with DEEPAK, a public limited company. This collaboration aims to improve Indian farmers' access to advanced plant nutrition solutions, including sulfur-based fertilizers.
Sulfur Fertilizers Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Sulfur deficiency in Soil and Rising Oilseed Production
4.2.2 Technological Innovations
4.2.3 Rising Demand for Sustainable Agriculture
4.3 Market Restraints
4.3.1 Competition from Other Nutrients
4.3.2 Limited Availability in Some Regions
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Sulfate
5.1.2 Elemental Sulfur
5.1.3 Sulfate of micronutrients
5.1.4 Others
5.2 Application
5.2.1 Solid
5.2.2 Liquid
5.3 Crop Type
5.3.1 Cereals and Grains
5.3.2 Oilseeds and pulses
5.3.3 Fruits and Vegetables
5.3.4 Turf and Ornamental
5.3.5 Others
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 South Africa
5.4.5.4 Egypt
5.4.5.5 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategy
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Nufarm
6.3.2 Haifa Chemicals
6.3.3 K+S Aktiengesellschaft
6.3.4 The Mosaic Company
6.3.5 Coromandel International
6.3.6 Yara International
6.3.7 Nutrien
6.3.8 Deepak Fertilisers and Petrochemicals
6.3.9 Israel Chemicals Ltd.
6.3.10 Koch Industries
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Sulfur Fertilizers Industry Segmentation
Sulfur fertilizer is a crucial agricultural input for plant nutrition. Sulfur plays a vital role in plant growth and development. It provides an extensive analysis of the segments and factors driving the growth of the commercial secondary macronutrients market. The market is segmented by type, application, crop type, and geography. The report includes market share data for major players across Europe, North America, Asia Pacific, South America, and the Middle East and Africa.
The report offers the market size and forecasts in terms of value (USD) for all the above segments.
| Type | |
| Sulfate | |
| Elemental Sulfur | |
| Sulfate of micronutrients | |
| Others |
| Application | |
| Solid | |
| Liquid |
| Crop Type | |
| Cereals and Grains | |
| Oilseeds and pulses | |
| Fruits and Vegetables | |
| Turf and Ornamental | |
| Others |
| Geography | ||||||||
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Sulfur Fertilizers Market Research FAQs
How big is the Sulfur Fertilizer Market?
The Sulfur Fertilizer Market size is expected to reach USD 4.49 billion in 2024 and grow at a CAGR of 4.70% to reach USD 5.65 billion by 2029.
What is the current Sulfur Fertilizer Market size?
In 2024, the Sulfur Fertilizer Market size is expected to reach USD 4.49 billion.
Who are the key players in Sulfur Fertilizer Market?
Coromandel International, Haifa Group, Yara International, The Mosaic Company and Nufarm are the major companies operating in the Sulfur Fertilizer Market.
Which is the fastest growing region in Sulfur Fertilizer Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Sulfur Fertilizer Market?
In 2024, the North America accounts for the largest market share in Sulfur Fertilizer Market.
What years does this Sulfur Fertilizer Market cover, and what was the market size in 2023?
In 2023, the Sulfur Fertilizer Market size was estimated at USD 4.28 billion. The report covers the Sulfur Fertilizer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sulfur Fertilizer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sulfur Fertilizers Industry Report
Statistics for the 2024 Sulfur Fertilizers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sulfur Fertilizers analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
