Sulfur Based Micronutrients Market

Nutrien Ltd. (Canada) and Yara International (Norway) are Leading Players in the Sulfur Based Micronutrients Market

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 sulfur based micronutrients market is driven by its wide range of applications in different sectors. Sulfur based micronutrients are widely used in agriculture as vital ingredients in fertilizers, enhancing crop output and improving soil fertility. Sulfur based micronutrients help in improving the crop yields by improving the nutrient uptake ability of plants and by enhancing the soil health structure. Moreover, the market's expansion is also fueled by the world's growing need for agrochemicals, the growing emphasis on sustainable farming methods, and increased R&D expenditure to tackle the global food security concerns.

Companies such as Nutrien Ltd. (Canada), Yara International (Norway), The Mosaic Company (US), ICL (Israel), and K+S Aktiengesellschaft (Germany) fall under the winners’ category. These are leading players in the sulfur based micronutrients market globally. These players have adopted the strategies of partnerships, expansions, acquisitions, and investments to increase their market shares.

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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.

It has a network of over 2,000 retail selling locations located in seven countries across North America, Australia, and South America. The company also has over 4,000 crop consultants and it marks its global presence in North America, South America, APAC, and Europe.

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 company offers products and solutions such as crop nutrition, digital farming, industrial nitrogen, and crop and agronomy knowledge. It marks its global presence in 140 countries located across North America, South America, Europe, Africa, and APAC. The company also has 26 production plants and more than 10,000 Yara-branded retail outlets around the world.

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.

The company operates through six business segments including phosphate crop nutrients, potash crop nutrients, crop nutrient blends, performance products, phosphate rock, and others. It provides its products and services under numerous labels including MicroEssentials, Pegasus, Aspire, and K-Mag. The company marks its global presence by providing its products and services in various countries located across North America, South America, Middle East and Asia.

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.

The company operates through five business segments including industrial products, potash, phosphate solutions, growing solutions, and other activities. It marks its global presence through its 38 production sites in 13 countries and 60 logistics and sales services in over 30 countries located across Europe, Asia, South America, North America, and Africa.

K+S Aktiengesellschaft

K+S Aktiengesellschaft is a multinational raw materials corporation with locations in North America and Europe. The company is also one of the leading salt producers and is among the main providers of potash internationally. The firm marks its specialties in various sectors including potash, fertilizer, mining, salt, agriculture, industry, and de-icing salt sector. It operates under two segments that are Agriculture and Industry+.

Apart from its emphasis on the agricultural sector, the company also develops products like pharmaceutical salts, dietary supplements, and industrial products. The company follows a value chain of six categories in the potash and magnesium products and salt business segments, that are exploration, production, logistics, distribution/marketing, and application. The company marks its global presence through its 50 production sites located across North America, South America, Europe, and some additional distribution sites located in Asia and Africa.

Related Reports:

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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Sulfur Based Micronutrients Market Size,  Share & Growth Report
Report Code
CH 9042
RI Published ON
6/13/2024
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