North America Sulphur Fertilizers Market to Reach $ 2.4 Billion by 2025: TechSci Research


Posted March 2, 2020 by Techsci-research

Increasing demand for higher agricultural productivity, growing population and reduction in sulphur emissions are driving the sulphur fertilizers market in North America

 
According to TechSci Research report, “North America Sulphur Fertilizers Market By Type, By Formulation, By Crop Type, By Application Method, By Country, Competition, Forecast & Opportunities, 2025”, sulphur fertilizers market in North America was valued at around $ 1.7 billion in 2019 and is forecast to cross $ 2.4 million 2025 on account of growing demand for higher agricultural productivity. On account of increasing industrialization and urbanization, share of arable land is decreasing across the region. Consequently, In order to increase the overall production and yield to feed the growing population, farmers are turning to sulphur based fertilizers.

Another factor which is driving the growth of sulphur fertilizers market in the region is reducing atmospheric sulphur deposit. Sulphur plays crucial role in the development and growth of plants, and over the recent years soil has become increasingly sulphur deficient due to surge in agricultural production and decline in sulphur deposits from atmosphere. Rising cultivation of crops such as canola, alfalfa, among others which require high quantity of sulphur for proper growth is also propelling the sulphur fertilizer market in the region. However, volatile prices of sulphur due to variation in prices of crude oil and growing inclination towards organic fertilizers as sulphur fertilizers have harmful environmental effects, can hamper the growth of the market.

Browse 53 market data Figures spread through 75 Pages and an in-depth TOC on "North America Sulphur Fertilizers Market "

https://www.techsciresearch.com/report/north-america-sulphur-fertilizers-market/4480.html

North America sulphur fertilizers market can be segmented based on type, formulation, crop type, application method and country. Based on the type, sulphur fertilizer market can be segmented into sulphate fertilizers, elemental sulphur fertilizers, sulphates of micronutrients and others. Sulphate fertilizers led the market in 2019 by occupying over 80% market share and the trend is projected to continue in the forthcoming years as well. Majority share of the segment can be attributed to the capability of the segment to supply sulphur directly to the plants as multi-nutrient fertilizers. In terms of formulation, market can be bifurcated into liquid formulation and dry formulation. Dry formulation held the dominant share in 2019 as it can provide nutrition to plants for long duration in comparison to liquid formulation.

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AdvanSix Inc., Yara International ASA, Archer Daniels Midland Company, BASF SE, Dakota Gasification Company, Intraoceanic Corporation, The Mosaic Company, Nutrien Limited, K+S Aktiengesellschaft, Tiger-Sul, Inc, among others are the leading players operating in North America sulphur fertilizers market. The market is highly fragmented with companies using growth strategies to retain their position in the competitive market. “United States is expected to account for the majority share of the North America sulphur fertilizers market as the country has large agricultural farmlands where the demand for sulphur fertilizers is high. Among all the product segments, Sulphate fertilizers are expected to continue their dominance through 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“North America Sulphur Fertilizers Market By Type, By Formulation, By Crop Type, By Application Method, By Country, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of North America sulphur fertilizers market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the North America sulphur fertilizers market.

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Last Updated March 2, 2020