市場調查報告書
商品編碼
1561434
2024-2032年硫肥市場報告(按類型、種植類型、作物類型、形式、施用方式和地區)Sulfur Fertilizers Market Report by Type, Cultivation Type, Crop Type, Form, Mode of Application, and Region 2024-2032 |
2023年全球硫肥IMARC Group規模達57億美元。硫肥市場主要是由政府機構推出的有利舉措推動的,以最大限度地減少硫排放(由於硫排放對環境產生負面影響),以及富含元素硫的氮磷鉀肥料的引入。
策略夥伴關係與合作
許多國家的主要參與者正在簽訂協議,以提高硫肥的效率並擴大其產品組合。這反過來又刺激了市場的成長。例如,2020年3月,馬賽克公司宣布與澳洲阿德萊德大學金融科技研究中心(FTRC)達成協議,並專注於提高化肥效率。同樣,2020 年 2 月,ICL 表示收購了 Growers Holdings Inc.(美國),該公司是數據驅動農業的創新者,提供有關田間施用和施肥的多元化資訊。
政府機構的規定
各國監管機構都致力於提供更有效的養分利用並盡量減少對環境的影響,從而促進硫肥市場的發展。例如,各種硫肥已被納入肥料控制令(FCO)中。此外,它們的硫含量是肥料規格的一部分。政府機構正在進一步實施嚴格的法規,強制在袋子上聲明產品中的硫含量。同時,他們也提供稅收優惠和財政優惠,鼓勵農民使用硫肥。例如,印度政府將硫肥補貼提高至每公斤3.56盧比。維持對其他非尿素營養素的支持不變,促進農補平衡使用。為了滿足日益成長的糧食需求以及提高農業生產力,監管機構正在推出優惠政策,促進使用有效的土壤補充劑,例如硫肥。例如,印度的 Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) 等政策正在幫助提升全國的農業產業。作為該計劃的一部分,每四個月向全國農民家庭支付 2000 盧比,該計劃反過來又提供每年 1000 盧比的收入支持。 6000幫助他們更專注於耕種,從而推動硫肥市場收入。
新型硫肥的應用不斷增加
單質硫肥的推出在石油煉製、橡膠製造公司、農業化學品等終端用途產業中廣泛應用,正在提振硫肥的市場價值。例如,2021 年 6 月,加拿大公司 Northern Nutrients 宣布利用荷蘭皇家殼牌的 Thiogro 技術開發一座新的硫磺生產工廠,該技術將微粉化的元素硫轉化為尿素顆粒。此外,Nutrien 推出了智慧營養 MAP+MST 肥料,通常將微粉化硫與磷酸鹽結合在一起,為植物提供整個季節持續的營養供應。這些創新將在預測期內繼續推動硫肥市場的發展。
The global sulfur fertilizers market size reached US$ 5.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3% during 2024-2032. The sulfur fertilizers market is primarily propelled by the launch of favorable initiatives by government bodies to minimize sulfur emissions, owing to their negative impact on the environment, along with the introduction of elemental sulfur enriched NPK fertilizers.
Strategic Partnerships and Collaborations
Key players across numerous countries are entering into agreements to enhance the efficiency of sulfur fertilizers and expand their product portfolio. This, in turn, is stimulating the market growth. For example, in March 2020, the Mosaic Company announced an agreement with the Financial Technology Research Centre (FTRC) at the University of Adelaide in Australia to emphasize on enhancing the efficiency of fertilizers. Similarly, in February 2020, ICL stated the acquisition of Growers Holdings Inc. (US), an innovator in data-driven farming, that offers diversified information on on-field applications and fertilization.
Regulations by Government Bodies
The regulatory bodies across the countries are focusing on offering more efficient nutrient use and minimizing environmental impact, thereby catalyzing the sulfur fertilizers market. For instance, various sulfur fertilizers have been included in the Fertilizer Control Order (FCO). Moreover, their sulfur content is a part of the fertilizer specifications. Government bodies are further implementing stringent regulations to make it mandatory to declare the sulfur content in the product on the bag. In line with this, they are also providing tax benefits and fiscal benefits to encourage the farmers to use sulfur fertilizers. For example, the government in India increased the subsidy on sulfur fertilizer to Rs 3.56 per kg. It kept the support unchanged for other non-urea nutrients to promote the balanced use of farm supplements. To meet the increasing food demand that requires enhanced agricultural productivity, regulatory authorities are launching favorable policies to promote the usage of effective soil supplements, such as sulfur fertilizers. For example, policies, including Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) in India, are helping in elevating the agricultural industry across the country. The payments of Rs.2000 are made to the families of farmers nationwide every four months as part of the Scheme, which, in turn, offers annual income support of Rs. 6000 to help them concentrate more on farming, thereby propelling the sulfur fertilizers market revenue.
Increasing Applications of Novel Sulfur Fertilizers
The introduction of elemental sulfur fertilizers that are gaining extensive applications in end-use industries, including petroleum refining, rubber manufacturing firms, agrochemicals, etc., is bolstering the sulfur fertilizers market value. For instance, in June 2021, Northern Nutrients, a Canadian company, announced the development of a new sulfur production plant by utilizing Royal Dutch Shell's Thiogro technology, which converts micronized elemental sulfur into urea granules. Furthermore, Nutrien introduced Smart Nutrition MAP+MST fertilizer, which usually combines micronized sulfur with phosphates, and offers plants a consistent supply of nutrients all season long. These innovations will continue to drive the sulfur fertilizers market over the forecasted period.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, cultivation type, crop type, form, and mode of application.
The report has provided a detailed breakup and analysis of the market based on the type. This includes sulphate fertilizers, elemental sulfur fertilizers, liquid sulfur fertilizers, and others.
Sulfate fertilizers, including potassium sulfate, ammonium sulfate (AS), magnesium sulfate, etc., usually contain sulfur in the commonly available sulfate form. Elemental sulfur fertilizers are natural minerals that require to be oxidized by soil bacteria to the sulfate form before plants can utilize them. Besides this, liquid sulfur fertilizers offer a quick source of sulfur to plants, especially during periods of high sulfur demand. As such, they are gaining extensive traction, as they aid in promoting healthy plant growth and improving crop yield.
The report has provided a detailed breakup and analysis of the market based on the cultivation type. This includes conventional agriculture and controlled environment agriculture.
Controlled environment agriculture (CEA) generally utilizes advanced science to cultivate crops in a controlled setting. Moreover, greenhouses and other enclosed and temperature-controlled spaces are adopted for the cultivation process, where the roots of the plants receive a steady supply of fertilizer, water, and sunlight. The controlled environment agriculture technique is environmentally safe and yields high-value crops at optimum productivity. Apart from this, sulfur fertilizers that assist crops in holding onto moisture are especially useful in conservation-intensive agriculture, as they minimize water needs.
The report has provided a detailed breakup and analysis of the market based on the crop type. This includes cereals and grains, oilseeds and pulses, fruits and vegetables, and others.
For individuals in underdeveloped nations, pulses and oilseeds are staple crops farmed in semi-arid tropical climates. As crops in these regions have a sulfur deficiency, there is an inflating requirement for plant nutrients, such as sulfur fertilizers, to grow oilseeds. Moreover, these fertilizers are extensively used across the globe to produce more yield and effective fruits and vegetables on the available arable land.
The report has provided a detailed breakup and analysis of the market based on the form. This includes dry and liquid.
The growing consumer awareness towards liquid sulfur fertilizers, as they are quickly absorbed by plants and simple to use, is primarily driving the market growth. For example, in 2021, Yara International ASA developed a product variant, known as the YaraVita Optimum, which is a liquid sulfur fertilizer. It was specifically formulated to enhance crop quality and yield. Similarly, in 2020, Nutrien Ltd. introduced eNpower, which is a liquid sulfur fertilizer. However, based on the form, dry sulfur fertilizers are gaining extensive traction among farmers, owing to their ease of handling and cost-effectiveness.
The report has provided a detailed breakup and analysis of the market based on the mode of application. This includes soil, foliar, and fertigation.
Incorporating sulfur into the soil helps in improving its availability to plants over time. Besides this, foliar applications involve spraying a dilute solution of sulfur fertilizer directly onto the leaves of plants. On the other hand, fertigation can be particularly beneficial in areas where sulfur deficiencies are common.
Asia Pacific leads the market, accounting for the largest sulfur fertilizers market share.
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
Sulfur is produced in all world regions, but half of all production takes place in North America and the Middle East. Moreover, around 36 million tons of sulfur are traded annually, accounting for 53% of total sulfur production. The Middle East accounts for over 40% of exports. Favorable programs by government bodies in North America supporting environmentally friendly farming methods are propelling the demand for sulfur fertilizers. Furthermore, the widespread use of sustainable agriculture techniques, especially in countries, including India and China, is augmenting the adoption of sulfur fertilizers.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)