sulfur fertilizer industryCAGR of 2.2%
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Driving factors for the market
Major market players
The Mosaic Company
Mitsui & Co., Ltd.
Royal Dutch Shell plc
Israel Chemicals Limited
Sulfur Mills Limited
Ammonium nitrate-sulphate segment to manifest fastest growth through 2026
The ammonium nitrate-sulphate segment is expected to register the highest CAGR of 5.4% during the forecast period, as it can be employed prior to sowing and used for all types of crops. However, the single superphosphate segment held the largest share in 2018, accounting for more than two-fifths of the global sulfur fertilizer market, as it can be used if the soil is alkaline in nature.
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Controlled environment agriculture segment dominated the market
The controlled environment agriculture segment held the largest share in 2018, contributing to more than two-fifths of the global sulfur fertilizer market, as this method produces high value crops at maximum productivity and is eco-friendly. However, the conventional agriculture segment is projected to register the fastest CAGR of 2.4% during the forecast period, as it offers advantages such as better crop yield and fruitful vegetables.
Asia-Pacific, followed by North America, held the lion's share
The global sulfur fertilizer market across Asia-Pacific held the largest share in 2018, accounting for around three-fifths of the market. Moreover, the region is expected to register the CAGR of 2.6% during the forecast period, owing to declining arable lands, increasing awareness among farming community, and surge in demand for food grains. The market across North America held the second-largest share in 2018.
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