HOME Research Insight Agrium (Canada) and Yara (Norway) are the Key Players in the Sulfur Fertilizers Market

Agrium (Canada) and Yara (Norway) are the Key Players in the Sulfur Fertilizers Market

The sulfur fertilizers market is projected to reach USD 6.29 Billion by 2022, at a CAGR of 2.84% from 2017. The market is driven by increase in sulfur deficiency in soil, intensive agricultural processes, and growth in demand for sulfur deficient crops such as canola.

Key players in the sulfur fertilizers market include Agrium (Canada), Yara (Norway), The Mosaic Company (US), Coromandel International (India), Israel Chemicals Ltd. (Israel), Eurochem (Switzerland), Potash Corp. of Saskatchewan (Canada), and K+S Atkiengesellschaft (Germany). The Kugler Company (US), Shell Sulfur Solutions (Netherlands), Sulfur Mills Limited (India), Koch Fertilizers (US), Deepak Fertilizers and Petrochemicals Corporation Limited (India) are few other key market players who also have a significant share in the sulfur fertilizers market.

Agrium is one of the active players in the sulfur fertilizers market. The company offers crop nutrients such as sulfur, nitrogen, potash, phosphates, and micronutrients. The company has a strong network of 3,800 crop consultants and 1,400 facilities. It has a strong geographic presence in North America, South America, and Australia; this has enabled it to strengthen its customer base and client base. In August 2017, Agrium announced that it would acquire the Ag-retail business of Southern States Cooperative, Inc. (US). In accordance with the agreement, 20 Ag-retail sites in Georgia and Florida, along with the cotton ginning business in Georgia, would be acquired by Agrium. The acquisition would enable it to strengthen its retail distribution network in the US.

Yara International, another market leader in the sulfur fertilizers market is primarily engaged in the manufacture and marketing of fertilizers and industrial products. The company invests in R&D activities to improve process technology, crop nutrition strategies & environmental solutions, and scientific research. Yara International adopts strategies such acquisitions & expansions to increase its geographic presence. In August 2016, Yara International entered into an agreement with TATA Chemicals Ltd. (India) to acquire the latter’s Babrala urea plant and distribution business. This acquisition helped the company to create an integrated position in the Indian market. In 2015, it invested in the expansion of its granulation capacity in Sluiskil, Netherlands to augment production of granular urea with sulfur and nitrates. The increased production is expected to help in serving the growing demand for sulfur from Europe and other regions where agricultural soils lack sulfur.

Coromandel International is a manufacturer of a wide range of fertilizers. The company is engaged in the manufacture and marketing of fertilizers and pesticides. The company has a major presence in India and operates through distributors and marketing offices based in the country. It also operates in Brazil, Australia, and Argentina with subsidiaries such as CFL Mauritius Limited (Mauritius), Coromandel Brasil Limitada (Brazil), Sabero Australia Pty. Ltd (Sydney), and Sabero Argentina S.A (Argentina).

Related Reports:

Sulfur Fertilizers Market by Type (Sulfate, Elemental Sulfur, Sulfates of Micronutrients), Crop Type (Conventional Agriculture, Controlled Environment Agriculture), Application Method, Formulation, and Region - Forecast to 2022

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