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.
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- 156 Market data Tables
- 52 Figures
- 211 Pages and in-depth TOC on “Sulfur Based Micronutrients Market – Global Forecast to 2029”
Some of the prominent key players are:
- 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)
- DFPCL (India)
Driver: Growing demand for high quality crops and rising demand of sulfur in fertilizers
Growth in demand for high quality crops and rising demand of sulfur in fertilizers serve as a significant driver for the sulfur based micronutrients market. In agriculture, sulfur based micronutrients is essential for soil fertility and crop yield enhancement, driving its demand as a fertilizer. Sulfur clubbed with the micronutrients not only enhances the produce, but it also improves the soil structure and the nutrient uptake efficiency. The increasing utilization of sulfur-based micronutrients for various crops reflects its indispensable role in supporting essential processes and applications, fueling market growth and expansion.
“Sulfur-bentonite-zinc and sulfur-bentonite-boron, by type, are estimated to account for the highest CAGR during the forecast period.”
Sulfur-bentonite-zinc and sulfur-bentonite-boron are the two types of sulfur-based micronutrients that exhibit the highest Compound Annual Growth Rate (CAGR) among different types in the sulfur based micronutrients market. This growth can be attributed to their versatility and wide-ranging applications across various crops. Including important micronutrients like zinc and boron in addition to sulfur improves plant nutrition and simultaneously treats several nutrient deficits. These mixes are attractive to farmers looking for effective and long-lasting nutrient management techniques since they provide complete solutions to maximize crop yield and quality. Additionally, the market for customized sulfur-based blends like these is anticipated to develop as knowledge of the significance of micronutrients increases and agricultural practices change.
