CHICAGO, June 14, 2024 /PRNewswire/ -- 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.
Browse in-depth TOC on "Sulfur Based Micronutrients Market"
156 - Tables
52 - Figures
211 - Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10271613
By type, the sulfur-bentonite micronutrients is expected to account for the largest share of the sulfur-based micronutrient market during the forecast period, in terms of value.
Sulfur-bentonite in sulfur based micronutrients market is accounted for the largest segment in terms of value. This dominance is attributed to several key advantages of sulfur-bentonite micronutrients. This blend of sulfur based micronutrients provides a concentrated amount of sulfur, which is essential for plant health and productivity, first. Second, bentonite serves as a transporter, enhancing sulfur's gradual release and enhancing crops' ability to absorb nutrients. Sulfur bentonite is an effective and long-lasting option for farmers because of its focused delivery, especially in the highly competitive oilseed market.
By application, fruits & vegetables are expected to account for the largest market share during the forecast period in terms of value.
Fruits & vegetables account for the largest segment in terms of value in the sulfur based micronutrients market during the forecast period. Sulfur based micronutrients find their largest application share in agriculture due to their vital role as nutrients to enhance crop yields. Moreover, sulfur also improves color and disease resistance. Consequently, this increases consumer demand for fruits and vegetables grown with sulfur-based micronutrients, increasing this application's market share in the sulfur-based micronutrient market.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=10271613
Asia Pacific is projected to register the largest market share during the forecast period.
The Asia Pacific region holds the largest share in the sulfur based micronutrients market primarily due to the growth in agriculture. This dominance is driven by multiple factors. Like the area has a large amount of land used for agriculture, mostly for fruits and vegetables, which greatly benefit from sulfur in terms of quality and quantity. Moreover, there is also a continuing need for more food to be produced due to the growing populations of nations like China and India. Sulfur based micronutrients provide a productive means of increasing crop yields on presently occupied land.
The major market players include 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), and DFPCL (India) are the leading players in the market. There is significant competition in the sulfur based micronutrients market to develop new process technology, lower the manufacturing cost, expand, and increase the use of sulfur based micronutrients in the end-use industries. Owing to such opportunities in the industry, companies are aiming to enhance their market share by adopting various strategies.
Browse Adjacent Market: Specialty Chemicals Market Research Reports & Consulting
Related Reports:
Sulfuric Acid Market - Global Forecast to 2027
Flue Gas Desulfurization System Market - Global Forecast to 2026
About MarketsandMarkets
MarketsandMarkets has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/sulfur-based-micronutrients-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/sulfur-based-micronutrients.asp
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original content:https://www.prnewswire.co.uk/news-releases/sulfur-based-micronutrients-market-worth-685-million-by-2029--exclusive-report-by-marketsandmarkets-302172865.html
