Sulfur Based Micronutrients Market

Sulfur Based Micronutrients Market worth $685 million by 2029

The report "Sulfur Based Micronutrients Market by Application (Oilseeds & Pulses, Cereals & Grains, and Fruits & Vegetables), Type (Sulfur-Bentonite-Zinc, Sulfur-Bentonite-Molybdenum, Sulfur-Bentonite-Manganese, Sulfur-Bentonite-Iron) - Global Forecast to 2029", 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. 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.

Browse 156 market data Tables and 52 Figures spread through 211 Pages and in-depth TOC on "Sulfur Based Micronutrients Market by Application (Oilseeds & Pulses, Cereals & Grains, and Fruits & Vegetables), Type (Sulfur-Bentonite-Zinc, Sulfur-Bentonite-Molybdenum, Sulfur-Bentonite-Manganese, Sulfur-Bentonite-Iron) - Global Forecast to 2029"
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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.

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.

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.

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Sulfur Based Micronutrients Market Size,  Share & Growth Report
Report Code
CH 9042
PR Published ON
6/14/2024
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