Sulfur Based Micronutrients Market Forecast – 2029 Emphasizing Trends and Demand Patterns with Top Key Players Analysis
The global sulfur based micronutrients market is projected to grow from USD 449 million in 2024 to USD 685 million by 2029, at a CAGR of 8.8% during the forecast period. The report provides key insights about sulfur based micronutrients market drivers, restraints, opportunities, new product launches or approvals. Various factors have been contributing to the growth of sulfur based micronutrients market. First off, because sulfur is necessary for plant growth and development, there is a growing market for products containing sulfur to compensate for shortages in soil. Second, to sustain crop productivity, modern agricultural practices frequently deplete soils of sulfur, requiring supplementation. Furthermore, the market is further stimulated by the growth of organic farming and sustainable agricultural methods since sulfur-based micronutrients provide environmentally favorable nutrient supplementation options.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10271613
By type, the sulfur-bentonite micronutrients is expected to account for the largest share of the sulfur-based micronutrient market during the forecast period, in terms of value.
Sulfur-bentonite in sulfur based micronutrients market is accounted for the largest segment in terms of value. This dominance is attributed to several key advantages of sulfur-bentonite micronutrients. This blend of sulfur based micronutrients provides a concentrated amount of sulfur, which is essential for plant health and productivity, first. Second, bentonite serves as a transporter, enhancing sulfur’s gradual release and enhancing crops’ ability to absorb nutrients. Sulfur bentonite is an effective and long-lasting option for farmers because of its focused delivery, especially in the highly competitive oilseed market.
By application, fruits & vegetables are expected to account for the largest market share during the forecast period in terms of value.
Fruits & vegetables account for the largest segment in terms of value in the sulfur based micronutrients market during the forecast period. Sulfur based micronutrients find their largest application share in agriculture due to their vital role as nutrients to enhance crop yields. Moreover, sulfur also improves color and disease resistance. Consequently, this increases consumer demand for fruits and vegetables grown with sulfur-based micronutrients, increasing this application’s market share in the sulfur-based micronutrient market.
Get a Sample Copy of This Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=10271613
Asia Pacific is projected to register the largest market share during the forecast period.
The Asia Pacific region holds the largest share in the sulfur based micronutrients market primarily due to the growth in agriculture. This dominance is driven by multiple factors. Like the area has a large amount of land used for agriculture, mostly for fruits and vegetables, which greatly benefit from sulfur in terms of quality and quantity. Moreover, there is also a continuing need for more food to be produced due to the growing populations of nations like China and India. Sulfur based micronutrients provide a productive means of increasing crop yields on presently occupied land.
Sulfur Based Micronutrients Companies
The major market players include Yara International (Norway), Nutrien Ltd. (Canada), The Mosaic Company (US), ICL (Israel), K+S Aktiengesellschaft (Germany), SQM S.A. (Chille), Coromandel International Limited (India), Nufarm (Australia), Aries Agro Limited (India), and DFPCL (India) are the leading players in the market. There is significant competition in the sulfur based micronutrients market to develop new process technology, lower the manufacturing cost, expand, and increase the use of sulfur based micronutrients in the end-use industries. Owing to such opportunities in the industry, companies are aiming to enhance their market share by adopting various strategies.
Nutrien Ltd.
Nutrien Ltd. was formed as a result of a merger between Agrium Inc. and Potash Corporation of Saskatchewan Inc. The company specializes in crop nutrition and is one of the leading producers and distributors of potash, phosphate, and nitrogen products around the world. It operates under four segments including retail, potash, nitrogen, and phosphate.
The company provides complete agricultural solutions like nutrients, crop protection products, seed, service, and digital tools through these segments. It provides sulfur-based micronutrients through its subsidiary Loveland Products, Inc.
Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=10271613
Yara International
Yara International is one the leading crop nutrition companies. It offers industrial solutions, and its focus extends beyond just providing nitrogen-based mineral fertilizers, encompassing phosphate, potash, and specialty blends to nourish various crops. The company operates through three segments: fertilizer and chemical products, freight/ insurance services, and other products and services.
The Mosaic Company
The Mosaic Company is one of the leading integrated manufacturers of concentrated potash and phosphate. The company is involved in all the stages of agricultural nutrition, from resource extraction to the creation of feed, industrial goods, and crop nutrients for customers worldwide. It extracts, refines, and exports millions of tons of quality fertilizers and potash annually.
ICL
ICL is one of the leading specialty minerals companies that focuses on sustainability while developing solutions that cater to the global agriculture, food, and industrial markets. The company specializes in agriculture, food, engineered materials, science, and chemicals. It also has five innovation domains including, Next Generation Fertilization, eMobility and Sustainability, Food Tech, Digital Agriculture, and Novel Materials.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email: Send Email
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/sulfur-based-micronutrients-market-10271613.html
