The Sulfur fertilizers are an indispensable plant nutrient demanded by all crops for optimum introduction. Sulfur fertilizers supports in the development of chlorophyll that certificates photo synthesis through which plants introduce starch, sugars, oils, fats, vitamins, and several other compounds. Such fertilizers are convenient in the activation of enzymes, which assistance in biochemical reactions in the plant as well as supports in synthesis in oil.
According to the report analysis, ‘Global Sulfur Fertilizers
Market to reach USD 5.4 billion by 2027’ states that the worldwide
sulfur fertilizer market is fronting challenges owing to the coronavirus
pandemic as temporary lockdown across various regions. But the government established
plans and initiatives to safeguard that soil nutrients are available to farmers
throughout the upcoming rabi (summer-sown) season, amongst the COVID-19
outbreak.
For instance, The Ministry of Chemicals
and Fertilizers of India has established a team to formulate a road map in
order to alterations and attain greater growth in the fertilizer sector. The augment
in sulfur deficiency in soils, growth in the preference for high-quality crops,
severe regulations on sulfur emission regulations augments the requirement for
added sulfur and great consumption of traditional sulfate fertilizers are the
few aspects accountable for growth of the market over the review period.
Furthermore, establishment of innovative products and other strategic alliance
by the market players will generate a lucrative requirement for the market. For
instance, during March 2020, US based Mosaic Company has proclaimed an
agreement with the Financial Technology Research Centre (FTRC) to aim on improvement
of fertilizer efficiency across Australia. However, increasing trend of
consuming organic fertilizers to decrease the requirement for sulfur
fertilizers is the foremost factor limiting the growth of worldwide Sulfur
Fertilizers market throughout the forecast period.
Although, the Global Sulfur
Fertilizers Market is worth approximately USD 4.5 billion during 2019 and
is anticipated to increase with a healthy growth rate of more than 2.2% over
the review period of 2020-2027.The regional analysis of worldwide Sulfur
Fertilizers market is considered for the foremost regions such as Asia Pacific,
North America, Europe, Latin America and Rest of the World. The Asia Pacific is
the leading/noteworthy region around the world in terms of market share due to
the augment in agricultural practices and necessities for high-quality
agricultural harvest in this region. Whereas, the Asia-Pacific is also projected
to exhibit greatest growth rate / CAGR over the forecast period of 2020-2027.
The mindfulness related to usage of numerous
chemicals in agriculture is growing. Individuals are getting more observant
towards the possessions of chemicals utilized in agriculture observes and
their impression on health. The destructive effects of the chemicals included
in the cultivation of crops and food products have made individuals to opt for
organic food. Thus, the movements towards organic food are being witnessed.
These aspects act as limitation for sulfur fertilizers market growth. However,
the worldwide sulfur fertilizers market is yet to discover its full potential.
The populace of the world is growing rapidly, leading to augment in requirement
for food. The increasing requirement for food is further projected to raise the requirement
for fertilizer, which in turn will augment the sulfur fertilizers market
growth.
For More Information,
refer to below links:-
Global
Sulfur Fertilizers Market
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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