Rising demand for sulfur fertilizer in various applications such as cereals & grains, fruits & vegetables, and advancements in the agriculture industry is fuelling the sales.

A recent report by Fact.MR suggests that global sulfur fertilizer projects a steady growth over the forecast period of 2021 and 2031. Rising demand for sulfur fertilizer in various applications such as cereals and grains, fruits and vegetables, and advancements in agriculture industry is fuelling the sales. Due to the growing need of sulfur fertilizer in agriculture industry, government funding and investment has increased over the past years. Increasing investment in research & development (R&D) activities by key players will also aid the industry growth.

With the manufacturing sector developing constantly and incorporation of advanced technology in the agriculture industry, key players are expected to gain higher profit margins over the forecast period. Increasing application of sulfur fertilizer for soil fertilization of various fruits, crops & vegetables in agriculture sector will provide growth opportunities for the leading industry players. Also, few disadvantages such as high laboratory set-up cost, and environmental side-effects due to the excess of sulfur may hamper the demand. However, growing R&D activities by manufacturers will overcome the hurdles over the coming years.

Competitive Landscape

The market is fragmented and key players in order to maintain their position a focusing on new product launches.

For instance, in July 2020, Nutrien Ltd. announced the launch of Smart Nutrition MAP+MST fertilizer that combines micronized sulfur with phosphate to give crops consistent nutrition all season long.

In March 2021, Mosaic Company announced the labeling of its two-fertilizer product, MicroEssentials and Sus-Terra fertilizer, as Enhanced Efficiency Fertilizers (EEF) by the Association of American Plant Food Control Officials.